Guide
Clara's best Small Loans.
What are Small Loans?
Small loans are under $10,000 but each lender's definition of small is different. The idea of small-loan is to cover an immediate short term expense. Be aware that lenders price for speed and price of this kind of debt with limited collateral or security will often come with higher interest costs.
Instant Small Loans for Australians
So it is possible to get a small unsecured-loan very quickly but be wary of guaranteed approval companies as mandated by law in Australia, lenders cannot lend money unless they believe you can pay it back.
There are lenders in Australia that can approve a loan within a day and make the payment within the day. Once such lender is Cashify. MoneyMe is another lender that can process your borrowing request within a day and payout from around $2000. Again be wary of quick loans as they can be very expensive we recommend you do some research before signing any contract.
Check out the full list of small loans.
There are lenders in Australia that can approve a loan within a day and make the payment within the day. Once such lender is Cashify. MoneyMe is another lender that can process your borrowing request within a day and payout from around $2000. Again be wary of quick loans as they can be very expensive we recommend you do some research before signing any contract.
Check out the full list of small loans.
Small Loans for Bad Credit
It is possible in Australia to get a small-loan even with bad credit there are a number of lenders that will still consider you for a small loan. Be aware that because your credit is bad, you will likely be charged more to borrow the money.
Safe Financial is one such lender that can lend between $1000-$5000 for a whole host of unexpected costs.
See the full list of bad credit loans here.
Safe Financial is one such lender that can lend between $1000-$5000 for a whole host of unexpected costs.
See the full list of bad credit loans here.
Short Term Loans
Short term loans can come in a few forms, small personal loans or payday loans. Each is somewhat different.
A personal loan can be a loan for months or even years and if it's secured will be the cheapest, lenders will look at your credit and assets and offer you a loan. A payday loan more of a short term loan, they tend to loan you money based on your next pay check and when you're paid you pay back the loan.
Short term loans can be great if an unexpected short term cost pops up. Check out our list of small loans and personal loans and see if you can find a short term loan that suits (our comparisons have time frames built in.)
A personal loan can be a loan for months or even years and if it's secured will be the cheapest, lenders will look at your credit and assets and offer you a loan. A payday loan more of a short term loan, they tend to loan you money based on your next pay check and when you're paid you pay back the loan.
Short term loans can be great if an unexpected short term cost pops up. Check out our list of small loans and personal loans and see if you can find a short term loan that suits (our comparisons have time frames built in.)
What is Good Shepherd Microfinance?
Good Shepherd Microfinance is a social lender, they offer support for people who have limited access to credit through a few different programs:
1. NILS - A small no interest loan for up to $1500.
2. Step Up Loan - Low interest small loans from $800-1500.
They also offer help starting a business (Launch Me) and access to fair insurance for low income people (Good Insurance.)
Good Shepherd offers great small loans for unemployed and small loans for pensioners.
1. NILS - A small no interest loan for up to $1500.
2. Step Up Loan - Low interest small loans from $800-1500.
They also offer help starting a business (Launch Me) and access to fair insurance for low income people (Good Insurance.)
Good Shepherd offers great small loans for unemployed and small loans for pensioners.
Small Loans for Pensioners
There are a number of options for pensioners looking for small loans some of the companies that offer small loans for pensioners are: Plenti, Wisr, Alex, and Now Finance.
It also pays to check out Good Shepherd Microfinance they are a fantastic community lender who often don't charge interest and help low income people.
It also pays to check out Good Shepherd Microfinance they are a fantastic community lender who often don't charge interest and help low income people.
Small Loans for the Unemployed
It is possible to get a small-loan if you're unemployed, Nifty has an offering specifically for those unemployed.
Usually lenders will secure against centrelink payments or government benefits, typically you need around $300 coming in from either benefits or centrelink to borrow money.
If you can't manage this check out Good Shepherd's NIL (no interest loans.)
Usually lenders will secure against centrelink payments or government benefits, typically you need around $300 coming in from either benefits or centrelink to borrow money.
If you can't manage this check out Good Shepherd's NIL (no interest loans.)
Small Loans Brisbane
Most small lenders are Australia wide, so you can confidence with any reputable Australian lender.
Nifty, SRG, Nimble, Prospa and iFinance have put work in to pop up for this keyword but anyone in our small loans list lends to those in Brisbane.
Nifty, SRG, Nimble, Prospa and iFinance have put work in to pop up for this keyword but anyone in our small loans list lends to those in Brisbane.
Maximum Loan Term
6
Representative Loan Term
6
Loan Term Period
Months
Easy Application
Yes
Online Application
Yes
Representative Loan Amount
1,000 AUD
Representative Total Repayable
1,440 AUD
Establishment Fee
20%
Maximum Loan Amount
2,000 AUD
Minimum Loan Amount
500 AUD
Representative Loan Term Period
Months
Representative Monthly Repayment
240 AUD
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MiFinance offers small loans in amount of AUD 500 up to AUD 2,000. Anyone, who is an adult Australian resident with a regular income of the last 3 months and an active mobile phone number and an email can apply for a loan. Total costs of a loan are establishment fee of 20% and a monthly fee of 4%. Please find a representative case for further information.
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Maximum Loan Term
3
Representative Loan Term
63
Maximum Loan Amount
5,000 AUD
Loan Term Period
Months
Easy Application
Yes
Online Application
Yes
Representative Loan Amount
1,000 AUD
Representative Total Repayable
1,320 AUD
Establishment Fee
20%
Representative Loan Term Period
Days
Representative Monthly Repayment
660 AUD
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Spondooli offers small loans up to AUD 5,000. In order to apply for a loan, a client need to be an employed Australian citizen with a minimum weekly salary of AUD 600, a client is not in bankruptcy or have 2 or more payday loans. You can fill out the application online and expect the decision in the same day.
Visit websiteMaximum Loan Term
24
Representative Loan Term
24
Maximum Loan Amount
1,600 AUD
Loan Term Period
Months
Minimum Loan Amount
100 AUD
Easy Application
Yes
Online Application
Yes
Representative Loan Amount
2,500 AUD
Representative Total Repayable
3,657 AUD
Representative Monthly Repayment
152 AUD
Representative Loan Term Period
Months
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Champion loans offer small loans up to AUD 1,600. Please be aware that the representative loan is higher, due to the lack of information. A client can expect to receive a similar terms as on the representative example. Small loans are unsecured and also apply to clients with bad credit rating and being a participant of the centerlink program. A client can apply for a loan online, if he/she is an adult, Australian resident and receiving a regular income.
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CCash Loans by Viva Payday LoansCash Loans by PayExpressCash Loans by MyOzMoneyCash Loans by Cash Train
SSmall Loans by Credit 24Small Loans by ZestMoneySmall Loans by FerratumSmall Loans by MoneyMeSmall Loans by WalletWizardSmall Cash Loans by Spotter Small Loans by Direct Finance LoansSmall Loans by Fair Go FinanceSmall Loans by Cash ConvertersSmart Cash Loans by Cash n GoSmall Loans by savvySmall Loans by SpondooliSmall Loans by Money PlusSmall Loans by MiFinanceSmall Loans by Safe FinancialSmall Loans by Champion LoansSmall Loans by NimbleSmall Loans by Cash Today Small Loans by NiftySmall Loans by Sunshine LoansSmall Loans by Speckle
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