About borrowing money

Whether or not you’ve borrowed money in the past, we’re here to help you — with every step of the way.

And unlike other lenders, we ensure you have all of the details.

How much can be borrowed?

At Swoosh, we help you get the money you need now — and fast.

No matter the reason, you can borrow between $2,100 and $4,600.

Just enter the amount you want on your application, and we’ll handle the rest.

Step 1: Application process

You can apply for a quick loan through your mobile phone, tablet, or computer.

Our application is 100% online and requires no lengthy paperwork processing.

Our process is so easy, applications usually take less than 5 minutes.

Even if you have a bad credit history, you may be eligible for a Swoosh loan.

Our only requirements include:

  • Be an Australian Permanent Resident
  • Be over the age of 18
  • Have been employed for 3 months
  • Own a vehicle registered in your name, with no finance owing or encumbrances you can apply.

If you’ve previously applied for a loan with us — even if it was declined — you can reapply as soon as you feel your circumstances have changed and you are able to meet your repayment commitments.

If you’ve recently repaid a Swoosh loan, you can reapply immediately.

Step 2: Quick approval

If you apply within business hours, you’ll usually receive a conditional approval within 60 minutes.

If you apply outside of business hours or additional information is necessary, our team will be in contact with you within one business day — usually the same day.

Different than other online lenders, all applications are carefully reviewed by our Swoosh team of experts.

As Australia’s trusted lender of choice we uphold responsible lending practices.

Step 3: Fast cash in your account

After you receive an offer and sign the contract, we immediately process your loan and send the funds directly to your bank account.

If the signed contract is returned before 3:30pm (AEST), the funds will be transferred overnight.

We’ll email you when the funds are deposited in your account. Depending on your bank, you may receive the money right away or the funds may not appear in your account for 24-48 hours.

If you are a member of a ‘same day payment capable bank,’ your funds should appear in your bank account within one business day.

No waiting

There are no long wait times with Swoosh.

The application, approval, and direct deposit processes are streamlined, super speedy — and without hassle.

Zero surprises

We’re here to help — not add stress.

With Swoosh, there are no nasty surprises.

We share everything up front, including What it costs and FAQs.

What if I have other loans?

If you have other loans — with Swoosh or another lender — you can still apply for a Swoosh loan.

We practice responsibility lending and we’ll only approve your application if you can afford to repay the loan.

What it Costs?

Swoosh offer Secured Medium Loans from $2,100 to $4,600 and are subject to APR and a comparison rate. View an example below;

Secured Medium Loan – $3,000 over 18 months

Establishment Fee$400
Annual Percentage Rate (APR)48%
Average Weekly Repayment$61.27
Total fees and charges$1,778.87
Total Repaid$4,840.14

Our Secured Medium Loan fee structure is:

Establishment fee: $400, APR 48%, Term: 12-24 months.
For more information about the allowable fees and charges for MACCs visit the MoneySmart website.

Comparison Rate: 66.0347% p.a. This comparison rate is based on the Swoosh Medium Loan for an amount of $2,500 over 2 years and a $400 establishment fee. Fees and charges are payable.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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