At Swoosh, our aim is to make sure you get the money you need fast and easy. You can borrow between $2,000 and $5,000 in 5 quick steps:

Step 1: Simple application

Apply for a quick loan in the comfort of your own home either online or over the phone. We’ll take you through your options based on the details you provide and the application on average takes no longer than 5 minutes. Even if you’ve got bad credit history, you might be eligible for a Swoosh loan. As long as you are over the age of 18, are an Australian Permanent Resident, have been employed for 3 months, and own a vehicle registered in your name, with no finance owing or encumbrances you can apply.

If you previously applied for a Swoosh loan and it was declined, you may reapply as soon as you feel your circumstances have changed and you are able to meet your repayment commitments.

If you have just repaid a loan you can reapply immediately.

Step 2: Conditional Approval

We care about getting you the loan that suits your needs so we will determine which of our options is the best fit, subject to a final assessment. Each application is carefully and fairly reviewed by our friendly team, not by a computer. Unlike other digital lenders, Swoosh uses online third party technology and our own expert assessors. As Australia’s trusted lender of choice we uphold responsible lending practices.

Step 3: Relevant Information

You’ll love our safe and advanced banking technology which allows you to supply documentation to support your application in seconds. There’s no need to scan, fax or photocopy relevant documents such as pay slips and bank statements. Any private details entered on our website are protected by a 256-bit Secure Sockets Layer (SSL) encryption. This ensures that all data received between you and us is encrypted, as your confidentiality and security is very important to us.

Step 4: Fast Approval

After assessing your application and supporting documents we process your loan and contact you with the decision. As a responsible lender, we will approve an amount that you are comfortable repaying because we don’t want you to get into any unexpected hardship.

We don’t believe in messy paperwork so the offer we send you can be reviewed and signed online. A copy of your signed loan documents will be sent to your registered email account. Throughout the application process, you can check the progress and status by contacting us either online or over the phone.

Step 5: Fast Money

There’s no long wait times with Swoosh and once your application is approved and confirmed by you, we’ll transfer your cash typically on the same day during banking days. We’ll notify you once the funds are deposited into your nominated account and depending on your bank, you may receive the money straight away or the funds may not appear in your account for 24-48 hours.

Provided you bank with a ‘same day payment capable bank’ your funds should appear in your bank account within one business day.

What it Costs?

Swoosh offer Secured Medium Loans from $2,000 to $5,000 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.

Still have questions?