Short Term Loans

Need money fast? Don’t stress. Apply online and get approved.

Short term personal loans

Take care of expenses or purchases urgently with a handy short term loan

Small, fast loans approved online

Small loans, usually between $500 to $5,000, are a source of finance to help you smooth over cash flow shortfalls. We can help you secure a small term loan – with flexible terms from as little as a couple of weeks up to a year – using our simple and secure online application system. Our consultants are specialists in getting your loan to you in as little time as possible. This means your much-needed funding is accessible to you quickly.

Pay your emergency expenses

Bills, bonds or moving expenses, car repairs, school fees or excursions, sporting fees, emergency purchases, cash flow gaps and general unexpected expenses. Short term loans can help you when other types of credit aren’t available or accepted. Short term loans are a convenient alternative to other types of finance that require lots of documentation and have long waiting periods. Get funds fast by applying online.

Quick & easy short term loans up to $5,000

Need money fast? Don’t stress. Apply online and get approved

How to navigate your short term loan application

A comprehensive outline of what to do to get a short term loan

Find out more about short term loans

Questions to short term loans answered here

How much can I borrow?

We can approve loans ranging from $500 up to $5,000.

What is the longest loan term for a short term loan?

Short term loans require full payment within 12 months. Typically borrowers choose shorter terms between a few weeks or 3-6 months. A longer loan time means more paid in interest.

What documents do I need?

We will need to verify your identity using a driver’s licence or passport. In some cases, we may ask for proof of income.

What can I use a short term loan for?

Short term loans usually cover surprise expenses you can’t usually afford to pay on your own. These can include urgent replacement of appliances, computers, or electronics; sudden medical bills; emergency travel; temporary cash flow problems; unexpected utility bills; legal or administrative bills; and many other unexpected expenses.

I have bad credit, will I get approved?

We accept people with good or bad credit for short term loans. Conditions may apply.

Who can apply for a short term loan?

People over the age of 18, who are Australian citizens or permanent residents, been receiving regular income for at least 90 days into a bank account and have an active email and/or mobile number. Single parents, Centrelink recipients, and self-employed people may also apply.

Can I apply over the phone?

Yes – our friendly consultants can help you with an application via phone.

Get to know more about short term loans

Find more information to help you with our short term loan guides

What is good debt? What is bad debt?

Not all debt is bad, despite what some people say. Getting in to debt for the right reason can actually help you in the long-term. The difference between good and bad debts is that good debts help you accumulate value over time, while bad debts are like throwing money away. A good debt may be buying a home or a car. A car may depreciate, but you can use the car to get you to work and seize other opportunities. Bad debt is putting meals or nights out on a credit card. You’re paying interest for no reason other than “to have it.” If you need to go into debt, make sure it’s for a “good” debt.

Why short-term loans are for short term fixes

Though individuals aren’t businesses, they can get into the same trouble as businesses short on cash flow. Businesses run into cash flow problems because they spend long-term loans on short-term fixes and vice versa. Short term loans should be spent on short-term fixes – urgent bill payments, surprise expenditures, medical treatments, etc. Though the fees and interest may be high, you will pay less overall than if you took out a major loan. Major loans should be reserved for big, long-term purchases like cars or houses – the good debt as described above.. Make sure your loan is fit for the purpose before applying.

Getting your credit report

To know where you stand with banks and lenders, you should get a copy of your credit report. Individuals are entitled to a free credit report each year from the major credit reporting agencies. Your credit report lists your last seven years of credit applications and defaults. Defaults are failures to pay a bill or loan repayment after 60 days. You should always check your credit report regularly to fix any mistakes – this is up to you to fix! A credit report will show you what the banks or lenders see before they do a check; it could help you with your application for credit so you know where you stand.

Is a short-term loan better than credit cards?

A credit card is a convenient and handy way to pay urgent bills – but is it a good idea to use it for urgent and sudden expenses? First off, “maxing” out your credit card hampers your ability to cover smaller expenses if they occur. It also means you’ll be paying back more in interest over time if you only pay back the minimum each month (around 2% of the balance.) A short-term loan means your interest and fees are fixed to the term of the loan. You won’t be paying back more interest as time goes on. You make set repayments which clears the debt in full.