Medium term loans

Whether it’s to enjoy what life has to offer or to pay an unexpected bill, we make it easy for you to get the cash you need.

Swoosh provides:

  • An easy, fast online application (3-5 minutes)
  • A speedy approval (usually 1 hour during business hours)
  • Quick payment made directly to your bank account
  • Fixed interest rates with no hidden fees
  • A 100% online service

Our medium term loans get you the money you need — when you need it.

Easy application

At Swoosh, we keep things simple — very simple. Our online application takes less than 5 minutes to complete. Once you’re approved (usually within 1 business hour), we’ll send you an email with a contract to review and sign. Yes, it’s that easy!

Speedy process

Once you’ve applied, almost all of the work is done!

Our process only includes 3 steps:

Step 1: Apply online
Step 2: Receive quick loan approval
Step 3: We transfer the cash to your bank account!

No hoops to jump through

With Swoosh, there’s no paperwork, lines or hidden fees.

We usually provide an answer to your application within 1 hour.

Many of our customers even complete their application through their mobile phone — making the process faster and easier than ever.

Why use a medium term loan?

Medium term loans can give you the boost you need.

Our customers use medium term loans to pay for:

  • Home improvements
  • Unexpected bills (like medical expenses or car repair)
  • Flights and holidays
  • School and training courses
  • Travel or social plans that require extra cash
  • Debt consolidation
  • And more

Whatever your situation, we’ll help you get to where you want to be.

When do I receive the cash?

After you sign your contract, we’ll deposit the money directly into your bank.

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

Loan eligibility

Our loans have only 4 requirements:

  • Be 18 years or older
  • Be employed for at least 3 months
  • Be a permanent Australian resident
  • Own a vehicle registered in your name, with no finance owing or encumbrances

Our online applications can be paused or stopped at any time: there are no obligations.

Medium term loan structure

Unlike other loan providers, we are upfront and transparent from the beginning.

Medium term loans ($2,000 – $5,000)
Application fee: $0
Establishment fee: $400
Annualised interest 48%
Term length: 12-24 months
Repayment options: (in line with your paydays and determined based on term length)
Weekly payments
Fortnightly payments
Monthly payments

Interest rates

Have peace of mind knowing the interest rates are fixed for the term of the loan.

Interest charges are calculated daily and applied monthly to your account.

A daily interest rate can be calculated by dividing the annual interest rate by 365.

We base all interest rates on the current outstanding balance.

Direct debit dishonour fee

A $35.00 direct debit dishonour fee may be payable if a scheduled direct debit is returned unpaid.

You’ll continue to pay the usual interest charges as described above.

Customer care

Our Customer care team works hard to make sure you have everything you need — when you need it.

Let us know if you have questions or experience any troubles with applying.

You can also check out our FAQs and Swoosh Money Blog for answers to all your money questions.

We lend responsibly

We practice responsible, trustworthy, and reliable lending.

We act with honesty and integrity — and treat all potential borrowers fairly and reasonably.

Swoosh will only approve your application if we believe you have the ability to repay the loan. 

Still have questions?

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