Frequently Asked Questions

You do not need to have a ‘good’ credit score to get a secured loan with Swoosh. We offer loans for poor and bad credit. As long as your current financial situation meets our lending requirements, you don’t need to worry about the past.

Small instalment loans aimed at people with bad credit are generally the easiest to get when your credit score isn’t ideal. Direct lenders like Swoosh are able to make the process a lot easier with more simple eligibility criteria.

Read the eligibility criteria before applying, attach all requested documents and information and the loan process will be super easy.

Yes, if you have other loans you can still apply for a $5,000 personal loan with Swoosh. As responsible lenders, Swoosh will only approve your application if we believe you can afford to repay your loan.

Yes! We offer loans for people with no credit history, no co-signer needed.

We’re 100% paperless! Even our signatures are electronic. When you receive an offer via email, you’ll be directed to a secure page where you’ll sign your contract online. A copy of your signed loan documents will be sent to your registered email account.

At Swoosh, we keep things nice and simple. As long as you meet these four criteria, you can apply for a loan:

• Be 18 years or older
• Have been employed for at least 3 months
• Be a permanent resident or valid visa holder of Australia
• Own a vehicle (like a car or motorbike) registered in your name

Our application process and approvals are 100% online. You can do everything in just 3-easy steps, getting you your quick loan fast.

1. Complete an online application on your mobile phone, computer or tablet. Applications only take minutes.
2. Approval of your loan is provided within minutes of you providing the required information (during business hours)*.
3. After approval, an offer is sent to you via email. Once you’ve signed the contract, we’ll send the money directly to your bank account!

Approval of your loan is provided within minutes of you providing the required information (during business hours)*. The decision will arrive promptly – right in your inbox.

Find out more: How To Get A Loan

You can check the status of your application by contacting us directly.

Swoosh always practises responsible lending. You’ll be asked to list a reason for your application.

Yes, if you have other loans, you can still apply for a Swoosh loan. Because we practise responsible lending, we’ll only approve your application if we believe you can afford to repay your Swoosh loan.

You can apply to refinance your loan with Swoosh after 6 months of repaying your first loan. Approval will depend on your circumstances and repayment history.

We still consider applicants that are in a part IX debt agreement or currently bankrupt. We will consider a range of factors to see whether you quality for a Swoosh secured loan. Learn More: Swoosh credit guide

When it comes to obtaining a loan, the minimum credit score required can vary depending on the lender and the type of loan you’re seeking. While a credit score above 550 is generally considered a safe starting point for qualifying for a personal loan, it’s important to note that different lenders may have higher or lower requirements. Some lenders might accept lower credit scores or consider other factors, while others may demand a higher score for approval.

Several factors can contribute to a low credit rating. One common reason is late or missed payments on your credit accounts. It’s important to note that credit report inaccuracies and identity theft can play a significant role in lowering your credit scores as well. By regularly monitoring your credit report and addressing any errors or fraudulent activity promptly, you can help improve your credit rating over time.

In Australia, values assigned to credit scores, ranging from 0 to 1200, determine your credit rating. When it comes to credit ratings, the lower the number, the worse the credit. And the worse the credit, the harder it is to apply for a loan with other credit providers.
Each credit bureau calculates credit scores differently, but the following factors tend to play a large role in determining a credit score:

• Comprehensive Credit Reporting information – including repayment history and credit limits
• Credit applications
• Adverse events – like missed payments and defaults
• Personal information
• Credit report age

Learn more about the factors that influence your credit score and how a small personal loan could help you improve it on our blog: Should You Get A Personal Loan To Improve Your Credit Score?

No score loans are made for people who have little-to-no credit history.

Find out more: Loans for no credit history

Check out our blog for suggestions for what to do when you need a loan but keep getting declined.

Bad credit loans are small cash loans available to individuals with a poor credit history who might ordinarily be denied a loan by a traditional lender.

Good credit is typically above a score of 620 in Australia. Anything below can be considered bad credit. A bad credit rating is the result of a previous inability to meet financial commitments. This failure to meet your debt agreement may have been completely out of your hands, which makes the lasting impact of a low credit score all the more unfair.

Simply apply for a Swoosh bad credit loan online. Swoosh is a responsible lender, which means that we will only loan an amount that you can comfortably repay now. And we make sure you have all of the repayments information in advance—so there are no hidden surprises.

Like other types of personal loans, payday loans can be bad for your credit score if you miss payments or default on the loan. They can also help improve your credit score if you consistently make payments on time. The specifics of how a loan impacts your credit score depend on whether the lender reports to credit bureaus and what information they provide.

There are a number of other factors that can influence credit scores. Some of these include hard checks on your credit file, the number of credit enquiries in a short space of time, and the type of credit.

Read more: Should You Get a Personal Loan to Improve Your Credit Score?

The short answer is that a loan rejection doesn’t hurt your credit score. However, if you continue to apply for loans and continue to be rejected in a short space of time, this builds up numerous “hard enquiries” regarding your credit, which can lower your score.

Swoosh offers easy approval loans. That means we do offer approval on loans with bad and even very bad credit. But as responsible lenders, we cannot offer guaranteed approval no matter what.

We need to verify that you meet our eligibility & lending criteria. But we know that situations can improve faster than credit scores. So as long as your current situation meets our lending requirements, a bad credit history won’t hold you back from being approved for a loan.

Believe it or not, securing a loan and repaying it successfully can actually help to improve your credit score. If you pay your monthly bills on time, with a lender that reports to at least one Australian credit bureau, then you’ll find that your credit history will gradually improve.

If you find that it’s hard to manage multiple debts, it might be a good idea to look into getting a debt consolidation loan, so you only need to make one recurring payment.

Swoosh does conduct a credit check as part of our responsible lending practices. But we always offer a fair go to everyone, even those with bad or very bad credit. That’s why we always use human assessors, not computers, to review each application.

Read more: Do Cash Loans Without Credit Checks Really Exist?

You can apply for a bad credit loan of anything between $2,300 and $5,000.

You can still get a loan from Swoosh while on Centrelink payments. You will need to be employed for at least 3 months and meet our eligibility and lending criteria.

You can find out more on our Payday Loan Rates and Fees page.

Unlike banks and other lenders, Swoosh doesn’t require extensive paperwork. We use a simple process that’s 100% online. We only need a few pieces of information from you plus 90 days of bank statements. Approval usually comes within an hour of providing us with the information we need, so the majority of our customers receive their bad credit loan the same day.

Yes, you can! At Swoosh, we understand that it can be hard to stay on top of debt when you’re trying to manage multiple loans. And that it can be tricky to find someone who will look beyond your credit history. That’s why we offer debt consolidation loans!

Complete an online loan application with Swoosh – as long as you provide the information we need and you meet our eligibility criteria, you could get the funds in your account the same day.

Swoosh has helped thousands of Australians with bad credit to get cash fast and improve their credit rating at the same time.

The easiest loan to get if you have bad credit is from a lender that specialises in bad credit loans, like Swoosh. Swoosh looks at your ability to repay the loan now, not your past credit history.

It only takes minutes to apply for a bond loan. And as soon as we have all the required information, you should be approved and have the cash in your bank account within the hour.

You can use the cash on any type of rental bond, whether it’s a private rental, apartment complex, or any other type of property. You can also use it to help cover any other expenses like moving costs or storage.

Rental bonds can be quite pricey, which is why you might want to take out a loan to help keep your finances manageable. How much you can be charged for a rental bond will depend on where you live in Australia. While most states limit the cost to 4 weeks’ rent, there are exceptions.

At Swoosh, we believe that your credit rating isn’t the ‘be all and end all’. So while we do conduct a credit check when you apply for a rental bond loan, we base your loan offer on your current financial situation not your past credit history.

Every time a hard inquiry is done on a loan application, including rental bond loans, it is reported on the applicant’s credit history. However, paying back your bond loan on time can actually help to improve your credit score.

Learn more: Should You Get A Personal Loan To Improve Your Credit Score

A landlord does not have to charge a security bond so there is no set figure for rental bond cost. However, the maximum amount you can be charged for a bond in QLD is 4 weeks’ rent for general tenancies.

According to September 2024 data by the RBA, the average weekly rent across QLD was as follows:

• Flat 1 – $460
• Flat 2 – $580
• Flat 3 – $625
• House 2 – $475
• House 3 – $560
• House 4 – $650
• Townhouse 2 – $530
• Townhouse 3 – $620
• Rooming Accommodation – $350
• General Tenancies – $590

You can get help from Centrelink to cover rental bond costs but you will need to meet the eligibility criteria and wait for your application to be processed. It is an interest-free loan, so you will have to repay it.

Some common options for covering some or all of the cost of a bond include:

• Small personal loan
• Friends and family
• Credit card/overdraft
• Government bond loans and grants
• Centrelink Advance Payment
• Instalment payment plan
• Bond loan

Read more: How to Get Help With Bond Money: 7 Best Options

Rental bond loans cover the amount of money you need to pay to secure a new rental property before you move into it. Swoosh Finance rental bond loans can be used to cover damages to a previous rental property or the bond of a new rental property. And, depending on where you rent, your bond money could then be used to pay your next few weeks of rent in advance.

You need to be able to provide us with current bank statements, two forms of ID, as well as employment payslips.

At Swoosh, we look at your ability to repay the loan now – not some point in the past. So we can offer cash loans to those with bad credit, as long as you’re an Australian resident, you own a vehicle of some sort, you’re 18 or over and employed.

Are you thinking, “but I need a cash loan today!”? If you apply online with Swoosh, in most cases you can get your money on the very same day. Our assessors aim to review your application within minutes and send an approval within one business hour assuming all the correct information has been provided. It’s free to apply and, as responsible lenders, we will only ever approve your loan application if we believe you can make the repayments.

No, as the funds are transferred directly into your account you will need a bank account to get a loan.

At Swoosh, we work hard to make sure the cash is in your account as fast as possible. We’ll direct deposit the cash into your bank account within one business day of your loan approval. Contracts are signed electronically, so there’s no paperwork hassle.

If you return your contract by 3:30pm (AEST) time, your funds will be transferred overnight.

There are many reasons your loan application may get declined. If you’re not sure why you have been declined, ask for clarification from the lender so you know where the problem is. If you need a loan ASAP but keep getting declined, check out some possible solutions.

All Australian lenders are required to hold an Australian Credit Licence (ACL) number and an Australian Business Number (ABN) and it should be listed somewhere on their website. You can use the ASIC Register to verify a lender is registered.

Check out the MoneySmart advice on banking and credit scams for advice on how to tell the difference between real lenders and illegitimate lenders.

To ensure responsible lending, we perform credit checks on all applications. These checks are a vital step in the application process, ensuring the financial safety of both the applicant and the lender.

Find out more: Do cash loans without credit checks really exist?

At Swoosh, we believe everyone deserves a second chance! That’s why we look at more than just your credit score. Swoosh looks at current circumstances, including your ability to repay the loan. Whether you have bad credit or even very bad credit, we give all Australians who meet our eligibility & lending criteria a fair go.

The minimum credit score needed for a personal loan varies from lender to lender. At Swoosh, we look at your current financial situation, not just your credit history.

If you are currently receiving Centrelink benefits, you may still be eligible for a cash loan with Swoosh. However, Centrelink must not be your only source of income and you will need to meet our other eligibility criteria.

Getting a small secured cash loan from Swoosh is super easy. It’s 100% online and you can apply at any time.

Yes, we can offer loans to those earning Centrelink. To qualify, you must also have been employed for at least 3 months and meet our eligibility and lending criteria.

Our cash loans for Canberra include applicants with bad credit. We like to offer all Australians a fair go on their finance. This means when we assess your application, we look at your current financial situation. So bad credit won’t hold you back from loan approval.

We will need a read-only report of the last 90 days of bank statements to complete an assessment of your application.

Once you are approved, the money will be transferred right away. However, how soon the money will appear in your account will depend on your bank and the time of day. If you return your signed contract by 3:30 p.m. (AEST), your funds will be transferred overnight.

We always strive to be the best in Australia when it comes to easy and fast approvals. Once you submit your application, our experienced team will quickly review it to provide you with an outcome ASAP.

As a responsible lender, we conduct credit checks on all applications. Credit checks are an important part of the application process and help to protect both you and the lender.

Getting a fast cash loan in Darwin with Swoosh will not require you to have a ‘good’ credit score. Because we offer bad credit loans, we can service a wide range of credit ratings. We do this by looking at your current financial situation and assessing your eligibility based on that.

Yes, we offer payday loans of up to $5,000 for people on the Gold Coast, even for people with bad credit.

Looking for instant cash? We transfer the money into your bank account, so when you receive the funds will depend on the time of day your contract is signed and your bank. The money will usually be in your account within the hour, but it may take up to two business days.

Responsible lenders won’t offer bad credit loans with 100% guaranteed approval in Australia. However, there are things you can do to improve your chances of loan approval.

Check out our 10 tips for quick loan approval or how to get approved for a loan with bad credit for more information.

As long as you have been regularly employed for 3 months and earn enough to service the loan, Centrelink customers are eligible for a loan from Swoosh.

There is no set limit to how many loans you can have. Your eligibility for a loan depends on your financial situation and how much you can afford to service. A debt consolidation loan can help you pay off multiple loans and borrow extra cash at the same time.

Some private lenders may offer no credit check loans if they use alternative ways to verify your eligibility and creditworthiness. Swoosh Finance will always perform a credit check when you submit an application as part of our process as a responsible lender.

If you’re worried about bad credit holding you back, check out our blog on how to get a loan with bad credit.

It’s super easy to get a bad credit loan with Swoosh Finance. Just apply for a loan of $2300-$5000 online – it takes less than 5 minutes. You’ll need some bank statements, ID, and payslips. Our assessors will review your application immediately and, in most cases, you’ll receive the funds the very same day.

Swoosh cash loans need to be secured by a vehicle registered in your name. This is generally a car but it could be another type of vehicle as well, like a boat or motorbike.

Swoosh does not offer no credit check loans. Credit checks are an important part of our application assessment process as a responsible lender.

Our online cash loans start at $2,300 and go up to $5,000.

At Swoosh, we work hard and play hard. Our customer care team is available Monday to Friday 7am – 5pm AEST (excluding public holidays).
Outside of business hours, you can email Swoosh at applications@swoosh.com.au and our team will aim to respond to your inquiry within the next business day.

If you’ve applied outside business hours, we will review your application as quickly as possible the next business day. We may need to contact you to verify details or obtain extra information and documentation.

Swoosh is unavailable on weekends and public holidays as Australian banks often cannot process loan payments.

You can call (07) 3319 1004 for general enquiries.

We conduct credit checks on every application. After evaluating current bank statements we determine whether you have the ability to repay the loan. This way we don’t solely rely on a credit check – bad credit history follows thousands of Australians each year and we at Swoosh understand that this can happen to anyone. So if you’re able to pay off the loan now, you can borrow money against your vehicle and get your cash flow sorted.

In some cases — like if your employment status or details are unclear — Swoosh may need to contact your employer or payroll officer to verify details and your financial situation.

Yes, it is possible for you to receive a secured loan with bad credit at Swoosh. We look at the ‘here and now’ of your financial situation, assessing everyone on an individual basis. We want you to receive the assistance you need, so we look at more than just your credit history.

We offer online cash loans after evaluating current bank statements and, assessing whether the applicant has the ability to repay the loan. This way we are comfortable offering bad credit loans to those who have been impacted by their past, getting them the cash they need.

You can calculate your repayments up front by using our personal loan repayments calculator.

No, not in the long run. There may be a small dip in your credit score at the start. But because you’re only paying off one loan, it’s easier to keep track of your finances and pay on time. So, your credit score will improve over time.

Yes, it works to simplify your debt situation. Instead of paying off multiple loans and having to keep track of all the monthly payments, you only need to focus on one. And because you only need to pay one set of fees, interest, and monthly payments, you may end up saving money.

With Swoosh, it’s as easy as 1-2-3.

1. Complete an online application.

2. Provide the requested information.

3. Sign the offer email!

Our 100% online application only takes minutes to fill out. Once received, we can get you the money you need on the same day.

Yes. Within an hour of receiving the required information from you for your application, you should receive an offer email, which you will need to sign. Once you have signed, most applicants receive the money in their bank account the same day.

Yes, it is possible. Your credit history is exactly that—history. We believe in responsible lending and consider every loan application on its individual merit.

One of our eligibility requirements is that you have been employed for at least 3 months. However, it does not need to be full time or permanent employment.

We have a $0 application fee, a $400 standard establishment fee and the interest rate is 47% (Comparison Rate 66.0347%). All our fees and rates are clearly displayed on our Payday Loan Rates and Fees page.

Yes, Swoosh can offer loans to people on Centrelink payments. As long as you have been employed for at least 3 months and meet income requirements, you are eligible to apply.

Some dentists will offer payment plans or alternative payment options like Afterpay, but it is not guaranteed. You will need to check with your local dentist to find out if they have any payment plans available.

You can apply for a Same Day Loan or check out our blog on how to earn money fast for ways to get urgent cash when you need it.

You may still be eligible as long as you are employed for at least 3 months with a consistent income. As responsible lenders, we need to verify that you can reasonably repay your loan.

You can borrow between $2,300 and $5,000 with an emergency cash loan from Swoosh to cover any unexpected expenses.

Swoosh is a 100% online private lender. So you can apply online 24/7 from anywhere in Australia and get cashed up ASAP. You don’t need to stress about any messy paperwork or finding a physical location near you.

Bad credit loans are a type of personal loan that cater to people with low or poor credit ratings. They are usually fast and easy to access in an emergency, which makes them a popular emergency loan option.

Emergency Loans are a type of personal loan where you borrow a lump sum of money and pay it back in instalments. They are characterised by having fast application processing and approval times, as well as being accessible to a wide range of credit ratings.

Nowadays furniture prices are through the roof and it’s even worse when you have to purchase furniture for an entire apartment or house. This leads to a big question of does a furniture loan affect your credit score? Every time a hard enquiry is done on a loan application, including a white goods loan, it is reported on the applicant’s credit history. This causes a temporary dip in your credit score. But as long as you meet your repayment requirements, a furniture loan will not have a long-term negative impact.

Yes, it is possible to get a bad credit furniture loan with Swoosh. Your credit history is exactly that – history. We believe in responsible lending and consider every same day loan application on its individual merit.

There are a few options for financing your new furniture, you can choose from a furniture loan, personal loan, BNPL services or credit card. All of these methods have different pros and cons to consider. Look over each method before deciding the best way that will work for you, your budget, and your situation.

Read more: Personal Loan vs Credit Card

White goods are large household appliances that are generally used for home management and maintenance. White goods include items like refrigerators, washing machines, dryers and dishwashers. The name comes from the appliances typically finished in a white / neutral toned colour though these days the applicants come in a range of different colours.

Yes! And boy, do some of us need it after the year we’ve had. Just apply online with Swoosh for a secured loan of up to $5000 and you could be heading off on your trip sooner than you think.

At Swoosh, our holiday loans are secured quick and simple cash loans of between $2300 and $5000. Some people call them Payday Loans. Use the repayments calculator on this page to tell us how much you’d like to borrow and find out what you’d have to repay each week, fortnight or month (whatever’s easiest for you).

Learn more: How to apply for a payday loan online

You can borrow anywhere between $2300 and $5000.

At Swoosh, we don’t mind what you use your loan for. If you’re an Australian citizen or permanent resident, at least 18, own a vehicle and are employed in some way, you’re eligible to apply for a travel and holiday loan. Applications are free and 100% online.

Since our application and approval process is 100% online, in most cases, if you supply all the information we need, we can transfer the money to you that same day.

Use our personal loan repayments calculator to find out what you would need to repay. We take a flexible approach to repayments so you can make repayments to your loan every week, every fortnight, or every month—whichever works best for you.

Sure! Whether you’re planning a week’s holiday or an extended period of travel, you can take out a personal loan with Swoosh.

That really depends on you. Sometimes what you really need after a long and stressful year is just to get away for a while. And a holiday loan can help you get the extra cash you need to make it a reality. As long as you’re comfortable with the loan terms and repayment schedule, a holiday loan could be worth it for you.

As responsible lenders in Australia, we do not offer no credit check loans. We need to verify your financial situation to ensure you can reasonably afford to service the loan. This is an important step in the loan application and approval process. If you are worried that a bad or poor credit score might hold you back, then check out our bad credit loans.

These are some of the key ways a personal loan for a holiday can affect your credit rating:

• Making payments on time and managing your debt responsibly can help improve your credit score over time.
• ‘Hard checks’ on your credit file during the application process will cause a temporary dip in your credit score.
• Any missed payments and defaults will have a negative impact on your credit score.

Find out How to Check Your Credit Score in Australia and stay on top of your credit file. Or find out more about how personal loans could help improve your credit score.

You can easily get access to money today when you apply for a secured loan with Swoosh. The entire application process is online, even signing the contract, so there’s no need to wait for the banks to open. In most cases, you’ll receive the funds you need the very same day.

Apply with Swoosh online, providing all the requested information, and you could be approved within one hour (60 minutes).

No reputable lender will be able to loan you money instantly. Responsible lenders are required to assess an applicant’s financial situation before approving a loan to ensure the applicant can afford the repayments. However, it is possible to get a cash loan approval from Swoosh as quickly as within one hour.

To be eligible for a Swoosh loan, you need to meet the following criteria:

• Be over 18 years old
• Permanent Resident or a valid visa holder of Australia
• Employed for at least 3 months with minimum weekly pay of $300 (after-tax)
• Own a vehicle registered in your name

We pride ourselves on our same day loans, and our online loan application takes only minutes to complete.

Yes, Swoosh offers secured small personal loans. And you can use your personal loan for anything you like!

You can check if a car is being used as security for a loan in Australia by looking it up on the register of encumbered vehicles.

Our process for a loan against your car is 100% online. You can apply 24/7 to borrow some quick cash through our simple application form.

With Swoosh, you can apply in minutes and get a small loan against your car whenever you need it.

Yes, Swoosh lets you pay off your loan in full if you wish to. You won’t be charged an early repayment fee or any other additional fee for paying your secured loan off early.

Not necessarily. As a private lender, Swoosh is able to provide loans against cars to those with a bad credit score or no credit history by assessing their current financial situation and ability to repay the loan.

Secured loans can impact your credit in both positive and negative ways. Initially, when you take out a secured loan, it might have a minor impact on your credit score. However, if you manage the loan responsibly by making payments on time, it can help to improve your credit over time. On the other hand, failing to meet your loan obligations can have a significant negative impact on your credit score.

The average interest rate for a secured loan varies depending on the lender, the borrower’s creditworthiness, and the type of collateral used. Secured loans often offer competitive interest rates because the collateral (i.e. vehicle) mitigates the lender’s risk. Always compare offers and Ts & Cs from different lenders to secure the best interest rate for your specific financial situation.

At Swoosh, most applicants receive approval within 1 business hour, provided they’ve submitted all the correct information.

Yes. Financing against your car involves using your vehicle’s value to secure a loan. Lenders assess your car’s worth and use it to determine eligibility for a loan amount.

Swoosh Finance offers small secured loans to a wide range of Aussies. Our easy online application and simple criteria will get you the cash you need in no time!

Sometimes lenders will do a pre-qualifying check on your application or conduct a ‘soft credit check’ that does not show up on your file. Each business will have a different process, but things like your recent bank statements, income, and employment history are often part of the assessment process. If you don’t meet these requirements, then your loan application will generally be rejected.

Need some more help? Check out our great tips for getting a loan when you keep getting declined.

If you apply with a reputable business, then it is safe to apply for a no credit check loan. These types of loans can often be used by scammers or companies with dodgy business practices, so make sure to do your research before offering any personal or sensitive information.

Even if the business is legit, it can be easy to fall into a debt trap with the very high interest and short repayment term that often goes with these loans. If you find yourself in need of help, there are plenty of resources available, like the National Debt Helpline.

Online loans are simple and quick—allowing you to receive your cash as soon as today.

Once you return a signed contract electronically, we’ll deposit the funds directly into your bank account.

If your contract is returned by 3:30pm AEST time, the cash will be transferred to your bank overnight. If you’re with a ‘same day payment capable bank’—such as Commonwealth Bank, Westpac, NAB or ANZ—your funds will appear in your bank account within one business day.

Find out more: Same Day Loans

Super easy! Just apply for a loan of $2300-$5000 online – it takes less than 5 minutes and it’s completely free to apply. You’ll need some bank statements, ID, and payslips. Our assessors will review your application immediately and, in most cases, you’ll receive the funds the very same day.

Yes, we can offer loans to those earning Centrelink. To qualify, you must also have been employed for at least 3 months and meet our eligibility and lending criteria.

Although we offer fast loan approval, we cannot offer instant outcomes. Because we are a responsible lender, we go through an approval process to ensure applicants are capable of making their loan repayments without suffering financial hardship. Swoosh always uses real people to assess your loan application so that you have the best chance at approval, and in most cases, we can approve your application the same day

Online loans are 100% legal. However, as with anything, when looking for online loan providers you need to do your research to make sure you’re choosing a reputable lender. Swoosh has been helping out Aussies with quick cash since 2014 and our team is led by Brent McIntyre who has spent 20 years in the finance industry. Find out more on our About Us page.

No, as the funds are transferred directly into your account you will need a bank account to get a loan.

You can apply for a loan of $2300-$5000 online at swoosh.com.au—it’s completely free to apply!

As a responsible lender, Swoosh will only approve your loan application if we believe you’re capable of repaying the loan. Not only that, we’ll align your repayments with your payday so you never miss a repayment.

Our 100% online application only takes minutes to fill out. Once received, we can get you the money you need on the same day.

For more information: How to Apply for Payday Loan Online

Yes, it is possible. Your credit history is exactly that – history. We believe in responsible lending and consider every payday loan application on its individual merit.

Yes, if you have other loans you can still apply for a loan with Swoosh. As responsible lenders, Swoosh will only approve your application if we believe you can afford to repay your loan.

All our fees and rates are clearly displayed on our Payday Loan Rates and Fees page.

You can see your repayments up front by using our personal loan repayments calculator.

Within an hour of receiving the required information from you for your application, you should receive an offer email, which you will need to sign. Once you have signed, most applicants receive the money in their bank account the same day.

Our payday loans are secured loans, which means your vehicle is used as security for the loan. In the unlikely event that you do not pay your loan repayments, the lender is entitled to repossess your vehicle. However, at Swoosh this is very unlikely to happen, as we make every effort to ensure your repayments remain affordable should your financial situation change. If you need assistance making repayments or need to discuss your current financial situation, we have a dedicated team that can help you explore your options. You can contact them directly by sending an email to assistance@swoosh.com.au.

Yes, these days, all payday lenders must act in accordance with Australia’s responsible lending laws. Responsible lenders need to take reasonable steps to ensure that you are able to repay the loan before they approve your application.

All Swoosh loans come with a fixed interest rate, so you will know exactly what you will be paying.

The easiest loans to get tend to be for a small amount of money and secured by an asset.

There are many reasons why your loan application might get declined. Some common reasons include:

• Credit score is too low
• Income is inconsistent or too low
• Just changed jobs
• Too much debt already
• Poor repayment history
• Active defaults listed on credit file
• Mistakes in credit report

If you’re not sure why you have been declined, ask for clarification from the lender so you know where the problem is. If you need a loan ASAP but keep getting declined, check out some possible solutions.

All of our loans are secured by a car (or other vehicle), which you can continue to drive. That way you can get the easiest, fastest approval possible, and lower interest rates.

Swoosh offers loans for people with no credit history. So as long as you can afford to service the loan, a limited or non-existent credit history won’t hold you back from approval.

Yes, payday loans are legal–and by law, payday loan lenders must lend responsibly. That means payday loan providers must assess your financial position and make sure you can afford to repay the loan without substantial hardship.

Payday loans can be a helpful tool for the right situation but they are not your only option, which is why it’s important to consider all your options before making a decision.

Check out some of these useful blogs for information on some of your options.

• Personal Loan VS Credit Card
• Pros and Cons of Payday Loans
• What is Debt Consolidation?

If a payday loan provider conducts a credit check when you apply for the loan, it will show up on your credit report. This is not necessarily a bad thing, however if you fail to meet your repayments on the payday loan, it will show up in your credit history as a default, which could negatively impact your credit score.

Credit scores can help certain loan companies assess your eligibility for a loan quickly. They indicate how well you have managed debt in the past.

Credit scores are not the only factor lenders look at though, and some lenders do not include credit scores in the calculations at all. Instead, they might look at the actual information listed on your credit report to assess creditworthiness.

Not sure what your credit score is? Find out how to check your credit score in Australia.

Each company will have different credit score requirements in Australia. Thankfully, because Swoosh offers bad credit loans, we are only interested in your current financial situation. So even if you have a low credit rating, you can still be eligible for a personal loan with us!

Some ways you can improve your chance of loan approval are:

• Check the eligibility criteria
• Stay in a job for at least a couple of months
• Don’t apply for too many loans at once
• Have a car or other asset you can use as security for the loan
• Show a good repayment history with your existing finance
• Pay off any defaults on previous loans
• Cut down on spending

For more information, check out our blog on 10 tips for quick loan approval to give yourself the best chance of getting a loan.

Yes, you can. Swoosh won’t charge you any extra fees for paying off your loan early.

Every lender has different requirements, so you should check eligibility requirements before you apply. If you want to give yourself the best chance of approval, these tips could help you:

• Make sure you meet eligibility requirements before applying
• Shop around for the most suitable loan and lender
• Cut excess spending where possible
• Maintain consistent employment and income
• Limit or pay off missed and dishonoured payments

Check out our 10 tips for quick loan approval and guide to getting instant approval on a personal loan for more information.

Yes, if you have other loans you can still apply for a quick cash loan with Swoosh. As responsible lenders, Swoosh will only approve your application if we believe you can afford to repay your loan.

If you want to roll multiple loans into one, you can apply for a debt consolidation loan.

As a responsible lender, Swoosh does not offer no credit check loans. But because we service both people with bad credit and people with no credit history, this won’t impact most people’s chances of approval.

Private lenders like Swoosh who offer secured bad credit loans are generally the easiest companies to get a loan with in Australia. The security on the loan helps to mitigate the risk for the lender, which allows them to service a wider range of people.

You can apply for a Same Day Loan or check out our blog on how to earn money fast for ways to get urgent cash when you need it.

As a responsible lender, Swoosh practises transparency and honesty. Visit our policy pages for more information.

Swoosh makes every effort to help a mate in need. Your concern is our concern and your satisfaction is important to us. Swoosh is always finding ways to improve our service, which is why we ask for your feedback. If you have a complaint, please contact us.

When applying, we ask that you consider your situation and apply only if you’re confident you’ll honour your promises to us.

Once you’re approved for a Swoosh loan, it is your responsibility to ensure you have sufficient funds in your account on your scheduled repayment dates. Swoosh may send you an SMS to remind you when your repayments are scheduled to be processed so you can ensure you have sufficient funds available. Learn more: What are my responsibilities

Swoosh loan repayments are direct debited from your bank account and are scheduled in alignment with your current pay frequency. You may review your repayment schedule by contacting us directly.

We’re transparent with our fees. There are no hidden fees, so you can make the best decision. Find out more here: Payday loans rates and fees

You can review this information by contacting us directly.

The amount due will be direct debited from your bank account overnight on your chosen day of payment.

Loan repayments will be direct debited from your account on the agreed repayment dates. A dishonour fee of $39.95 may be charged if the payment is missed. Avoid penalties by ensuring the required cash is available in your bank account as agreed in your repayment schedule.
Should you be unable to make your repayments on time, please contact Swoosh for a confidential discussion so we can determine how best to assist you. Conversely, Swoosh will contact you to understand any difficulties you may be having. Learn more: What are my responsibilities

In the event of needing financial hardship assistance, you may be required to provide supporting documentation such as:

• A Separation certificate (where termination has occurred)
• Centrelink benefit documents (if applicable)
• Bank statements for the previous or current month
• Proof of bills (e.g. phone, rent, utilities etc.)
• A budget

It’s important for you to contact us to determine which documents may be required.
If you haven’t received a response from Swoosh within 21 days of submitting your Financial Hardship application, please reach out to confirm that it has been received. You can also forward a complaint to the Australian Financial Complaints Authority Limited (ACFA):
Website: www.afca.org.au
Email: info@afca.org.au
Phone: 1800 931 678
Fax: (03) 9613 6399
Postal: GPO Box 3, Melbourne, VIC, 3001.

Yes, it is possible. Your credit history is exactly that – history. We believe in responsible lending and consider every Same Day Loan application on its individual merit.

Yes. At Swoosh, our loan application process is 100% online.

If you apply outside of business hours, we will review your application as quickly as possible the next business day. We may need to contact you to verify details or obtain extra information and documentation. The quicker you respond, the quicker we will be able to approve and process your loan.

Yes, if you have other loans you can still apply for a Same Day Loan with Swoosh. As responsible lenders, Swoosh will only approve your application if we believe you can afford to repay your loan.

If you need a loan today, you can apply online with Swoosh – as long as there are no delays in receiving your information and you’ve applied early enough in the day, you should receive the funds by the end of the same day.

Secured loans can be an easy way to get cash quickly and often have lower interest rates than unsecured loans. Whether it is the right financial choice for you will depend on your unique situation. It is always good practice to see what your options are and weigh the pros and cons before deciding to apply.

Yes! You can pay off your secured loan early when you are with Swoosh and we won’t charge you any early repayment fees.

Yes, a secured cash loan can help you build credit. Making repayments and settling your loan will help build a good credit score.

A secured loan uses an asset, often a car, as collateral for your loan. Whereas an unsecured loan does not use any type of asset as security. The increased risk to the lender means unsecured loans tend to come with higher interest rates.

Read more on the difference between secured and unsecured loans.

It’s simple, fast, and easy to apply and get approved for a secured loan with us. As long as we have all the information we need, you could be approved the same day you apply.

The read-only bank statements help our professional assessors make responsible lending decisions. The statements are securely stored as long as necessary to manage your account.

We would recommend reviewing the terms and conditions of your internet banking provider. Before submitting your banking credentials, know that security is exceptionally importance to us, so we ensure that:

• Your data is encrypted in transit;
• We don’t have any functionality over your bank account; and
• We only have access to a read-only service

Swoosh’s website has a security certificate to protect your information. Swoosh is certified by Let’s Encrypt. It is a non for profit service provided by Internet Security Research Group (ISRG). Millions of businesses around the world rely on Let’s Encrypt Certification to help them protect their most important information and assets.

Your privacy and security is of paramount importance to us.
Swoosh Finance utilises the best in online security. For more information, please view our Privacy Policy.

Any private details entered on our website are protected by a 2048-bit Secure Sockets Layer (SSL) encryption. This ensures that all data received between you and us is encrypted, as the protection of your information is one of our fundamental concerns.

Illion, is our trusted provider of read-only access for online bank statements. All data sent to our server is encrypted with 256-bit encryption, secured by 2048-bit keys. This high level of security and encryption is the same level that banks use.

Biz Core™ is our trusted partner who manages our direct debits. They allow us to automate direct debits to ensure you keep on top of your repayments.

Proviso takes all of the required security measures (such as creating a read-only service, providing 256-bit bank level data encryption, and closing the connection with the bank immediately after the data has loaded).
Proviso also has their service tested objectively by an industry-leading security service.

When you enter login information on our website, it’s processed through Secure Socket Layer (SSL). This means an encrypted connection is always created between your browser and our servers. And it’s kept encrypted at all times.
We only store information required by law which saves you the trouble of updating, syncing or uploading financial information manually.

These are the main ways a short term loan will affect your credit rating:

• Making payments on time and managing your debt responsibly can help improve your credit score over time.
• ‘Hard checks’ on your credit file during the application process will cause a temporary dip in your credit score.
• Any missed payments and defaults will have a negative impact on your credit score.

Short term loans from Swoosh Finance come with a 12-month loan term.

Short term loans tend to come with higher interest rates compared to loans with longer repayment periods. But you still might end up paying less on interest in the long run. Because although the rate may be higher, you won’t be paying it off for as long.

You could also pay the loan off faster and save on interest. Swoosh Finance customers are not charged any additional fees for early loan repayment.

You can have more than one short term loan at a time. How many loans you can have will depend on what you can afford to service and what lender you apply with. You can also apply for a debt consolidation loan to borrow more money and roll all your loans into one payment.

Assess your financial situation carefully before you make any decisions on new finance. If you borrow a small amount of money and can afford a higher interest rate, you may want to take advantage of the speed of a small short-term loan. But if you are taking out a large sum of money, then paying it off over a longer period will make the instalment amounts smaller and more manageable.

Credit checks are important risk assessment tools for responsible lenders and help keep consumers safe from predatory lending. Some lenders may offer no credit check loans if they use alternative methods to verify that you can service the loan. However, almost all reputable lenders in Australia will conduct credit checks, even if they offer bad credit loans.

Find out more: Do cash loans without credit checks really exist?

Yes, as long as you meet your loan repayments and eventually settle your loan.

Yes, it is possible. Your credit history doesn’t impact our decision. We believe in responsible lending and consider every small loan application on its individual merit.

Yes. If you have other small personal loans, car loans, or any other type of loan, you can still apply for a small cash loan with Swoosh. As responsible lenders, Swoosh will only approve your application if we believe you can afford to repay your loan.

At Swoosh, our small cash loans start at $2300.

Small personal loans can be helpful in the right circumstances and provide fast access to cash when you need it. But it will depend on your unique situation, so it is always good to explore all your options before you decide.

Small loans from Swoosh start at $2,300.

Your funds will be dispatched within one business day of signing your contract, Swoosh will electronically transfer your funds into your bank account.
If you return your signed contract by 3:30pm (AEST) time, your funds will be transferred overnight.

We offer same day approval on our loans during business hours. And as long as we get all the requested documents and information, you should have your loan paid out within the hour.

Read our guide on getting instant approval for a personal loan.

We offer flexible loan repayment schedules that align with your paycheck. So you can make automatic repayments weekly, fortnightly, or monthly to fit your pay schedule.