What it Costs

When we say we’re transparent, we mean it.

We outline all costs and fees ahead of time, so there are zero surprises.

Cost structure

Here’s a clear breakdown of our costs — so you’re completely in the loop.

Secured medium loans
for $2,100 to $4,600
Application fee: $0
Establishment fee: $400
Annualised interest 48%
Term length: 12-24 months
Repayment options: (in line with your paydays and based on loan term)
Weekly payments
Fortnightly payments
Monthly payment
Direct debit dishonour fee:
A $25.00 direct debit dishonour fee may be payable if a scheduled direct debit is returned unpaid.

Interest rates

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

Interest rates are fixed for the loan term and are based on the outstanding balance.

By dividing the annual interest rate by 365, the daily interest rate is determined.

Direct debit dishonour fee — no interest

For a direct debit dishonour fee ($25.00), no interest is applicable.

A direct debit dishonour fee may occur if a scheduled direct debit is returned unpaid.

Our speedy 3 step process

With Swoosh, things are a breeze.

We keep our process simple — and fast  — so there’s no stress on you.

Step 1: Complete free online application (3-5 minutes).
Step 2: Receive quick loan approval.
Step 3: Cash is transferred directly to your bank account!

Your application can be stopped or paused at any time.

Loan repayment process

All repayments are scheduled in alignment with your pay schedule — so you have less to worry about.

Repayments are direct debited from your bank account overnight.

To view your repayment schedule, contact us directly today.

Loan eligibility

Swoosh only has four requirements to qualify for a loan:

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

Why choose Swoosh?

Different than other lenders, we make your loan process easy and stress-free.

We know how to make things happen fast — without sacrificing security and ease of service.

Our customers love Swoosh loans because:

  • We offer a simple online application process (only 3-5 minutes)
  • We provide fast approval and direct deposits to your bank account
  • We are a 100% online service that offer a smooth, simple and secure service
  • We have a top-notch customer care team

Lending responsibly

We are committed to practicing reliable, responsible and trustworthy lending.

Instead of a computerised process, Swoosh utilises professional (human!) assessors to review your application. 

We’ll only approve your loan application if we believe you can afford to repay your loan. 

Frequently asked questions

Got questions?

Review our answers to commonly asked questions on our FAQ page.

Reach out to us

Our customer care team is always ready to help.

Contact our Customer Care team today with any questions, concerns or inquiries.

Zero surprises

Unlike other lenders, there are no hidden costs or fees with Swoosh Finance.

Choose a lender you can trust and apply online with Swoosh today!

Get a loan in
3 easy steps.

Apply Now

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How it works.

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Frequently asked questions.

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