Fast Loans Australia

Questions about fast cash loans.

How fast is a fast loan?
Fast refers to how quickly we look at your application and, if it's approved, transfer the funds. It doesn't mean approval is automatic. Every application is assessed, and not all of them are approved.

The application process has multiple micro stages and we have developed market leading automated processing to fast track applications through these stages. Before an application receives final approval, our assessors review it and this is usually within one business hours.

How soon will someone look at my application?
On average, our assessors start work within minutes of an application being submitted during business hours.

How quickly can I get the money?
Same-day funding is available. If your application has all the required information and is approved before late afternoon, you will be funded the same day. We strive to make the process as efficient and fast as possible.

What's the fastest way to get a quick loan approved?
Have your details ready before you start, make sure the income you state matches your bank statements, and answer your phone if we call.

Does applying outside business hours slow things down?
We have automated processing that will continue 24/7. However, before final approval is given, an assessor will need to review your application during business hours. Don't worry though, if you apply outside of business hours, you will keep your place in the queue.

Does a fast decision mean my application isn't properly assessed?
No. What's fast is the processing, not the assessment. Our automated stages handle the mechanical parts like verifying details, pulling your transaction history etc, so that an assessor can get to your application sooner. Every application is still reviewed by a person, and as a licensed credit provider we're required to check that the loan is affordable for you before we approve it.

Is a fast loan more expensive than a slower one?
No. How quickly we assess your application doesn't change what the loan costs.

When we assess applications
Our assessment department works Monday to Friday, 7.30am – 4.30pm and we are open every day of the year, except Australian National Public Holidays.

What if I need a loan urgently?
Sometimes the deadline is the whole problem.
A disconnection notice, a car you need back by Monday, a bond due before you can move in. If that's you, two things are worth doing.

• Apply early in the day on a business day - An application submitted at 9am Tuesday has a very different path to one submitted at 5pm Friday.
  
  
• Have everything ready before you start - Almost every delay we see comes from an application that had to stop and wait for something.

What slows a quick loan application down
Four things turn a same-day decision into a multi-day one, and all four are avoidable.

1. Details that don't match. If the income you've stated is noticeably different from what your bank statements show, we have to check it manually.
   
   
2. Incomplete information. A missing employer name or an out-of-date phone number means someone has to contact you before anything can move.
   
   
3. Not answering. If we need to confirm something and can't reach you, your application waits.
   
   
4. Applying outside business hours. Late Friday afternoon usually means a Monday decision.

Apply online, anywhere, anytime!
We don't have brick-and-mortar stores; we are an online-only business. You can apply at any time using your mobile phone, PC, laptop, or any other web-connected device. We utilise fast and secure technology to review your bank statement, streamlining the information flow and ensuring a quick and secure process. There's no need for you to chase up paperwork manually, and you can monitor your application's progress 24/7 through our members' lounge.