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While paydays are fairly predictable, life is not. And the gap between receiving an unexpected bill and your pay hitting your bank account can create a huge amount of stress. Emergency and unplanned expenses can happen day or night, leaving you in need of a quick cash loan in between paydays. This is where the small online Payday Loans from Swoosh can help. You can borrow a small amount of money in advance of your payday.
Get quick cash to tide you over
to payday with Swoosh
What are payday loans?
Payday loans are short-term, small cash loans that can spot you between paycheques. They are a type of instalment loan, which means you repay the funds in scheduled payments over a set period of time. Swoosh payday loans come with a fixed interest rate and are paid off over 12 months.
Are payday loans secured or unsecured?
All of our loans are secured by a car, which you can continue to drive. That way you can get the easiest, fastest approval possible, and lower interest rates. You can read more about secured vs unsecured loans on our money blog.
Can I get a payday loan with no credit check & instant approval?
As a responsible lender, we do not offer no credit check loans or guaranteed approval payday loans. But because we offer bad credit loans, you don’t need to worry about your credit score holding you back. You can get a payday loan as long as our assessors believe you have the ability to repay the loan now.
As far as approvals go, in most cases, we can give you an answer within 60 minutes of submitting the required information. That’s pretty instant!
What can I use a payday loan for?
You can use a fast loan to get money now and pay for anything you need, including:
- car repairs
- manage bills
- household repairs
- childcare fees
- emergency medical bills
- or anything else you need!
A payday advance loan can help you cover any of those expected or unexpected costs that pop up in life. Apply online today for fast cash!
How payday loans work
Swoosh fast payday loans are an easy and 100% online way of getting access to money between paydays. The cash will be deposited directly into your bank account. So you can rest easy while you wait for your next pay to come in.
Learn more: How Do Payday Loans Work
How much can I borrow?
You can borrow between $2,200 and $5,000 in between paydays for urgent, unplanned expenses. And it’s easy to calculate your repayments online.
Swoosh fast payday loans are an easy and 100% online way of getting access to money between paydays. The cash will be deposited directly into your bank account. So you can rest easy while you wait for your next pay to come in.
How to apply online today
When you’re looking for an instant payday loan, we understand that it’s urgent. So we’ve made fast cash loans our specialty. With our 100% online loan application, it’s super-fast and easy to apply.
1. Complete an online application on your mobile phone, computer or tablet. Applications only take minutes.
2. Approval of your loan is provided within 60 minutes of you providing required information (during business hours)*. The decision will arrive promptly – right in your inbox.
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.
There’s no need to sign-up for an account and it’s free to apply. And to make life easy and stress-free, we align your repayments with your payday. That way you don’t miss a repayment. We also only approve your loan application if we believe you can repay it.
Find out more about how to get a loan with Swoosh.
*Approval speed is conditional upon receipt of all requested relevant documents/information & usually comes within 1 hour during normal business hours/banking days. If you return your contract by 3:30pm AEST, your funds will be transferred overnight.
Online payday loan: fees and interest rates
What will I pay?
Our Payday Loans can be paid back over 12 months. There are no hidden monthly fees and charges and no penalties for paying back your loan quicker. So you can pay back your loan with Swoosh as soon as you are ready.
| Online cash loan amount | $2,200 to $5,000 |
| Application Fee | $0 (even if your application is not approved) |
| Standard establishment fee | $400 |
| Other Fees | $16 (included in loan) |
| Annual Interest | 47% (Comparison Rate 66.0347%)** |
| Term length | 12 Months |
| Flexible repayment options | Weekly, fortnightly or monthly (based on your payday) |
| Direct debit dishonour fee | $35.00 debit dishonour fee may be issued if a scheduled payment is missed or returned unpaid |
Keep in mind that you may incur additional fees each time you miss a payment. And as a result, this may also affect the length of your loan.
How quickly can I get a small payday loan?
Our 100% online payday loan application only takes minutes to fill out. Once all the information is received, we can get you the money you need on the same day.
For more information: How to Apply for Payday Loan Online
When will I receive the money?
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.
If you return your contract by 3:30pm AEST, your funds will be transferred overnight.
Am I eligible to get a same day payday loan?
Our simple eligibility criteria makes it easy to borrow money, all you need is the following:
Be at least 18 years old
Be employed for at least 3 months
Are a permanent resident or valid visa holder of Australia
Own a vehicle registered in your name
Where to get a payday loan
You can apply for a payday loan online with Swoosh. Our application process is easy, 100% online, and you’ll always be dealing with a person (not a machine).
Are payday loans bad?
Online payday loans in Australia don’t have the best reputation, although they are legal. You might have heard horror stories about impossible repayments, damaged credit scores, and hidden fees. But the reality today is different to the past. There are plenty of responsible payday loan providers out there for you to choose from.
When comparing online loan providers, look out for the following:
- Transparent rates and fees
- Responsible screening process
- Achievable payment plans
- Good reviews and reputation
Learn more: Pros and Cons of Payday Loans
Payday loans for bad credit
It’s easy to get a payday loan with Swoosh, even with bad credit. We assess your current financial circumstances in line with responsible lending requirements. Because your credit history is exactly that – history.
Our expert assessors always consider every payday loan application on its individual merit. So you have the best chance of getting loan approval whether you have good or bad credit.
What makes Swoosh the best payday loan provider?
Here are just a few reasons to choose Swoosh Payday Loans:
- Responsible Lender
- Positively reviewed
- 100% Online
- Fast Approvals
FAQs
Are payday loans legal?
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.
Are payday lenders regulated?
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.
Can I apply for a payday loan with Swoosh if I already have a loan with another company?
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.
Do payday loans show on your credit report?
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.
Are payday loans easy to pay back?
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.
What will my repayments be?
You can calculate your repayments up front by using the calculator on the right hand side of this page.
What happens if I don’t pay my payday loan?
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.
Are payday loans fixed or variable?
All Swoosh loans come with a fixed interest rate, so you will know exactly what you will be paying.
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The Swoosh difference
Our Cash Loans are available when you’re in a pinch — and we work hard to make it happen fast.
We put you first, ensuring you have all of the information upfront.
Swoosh Cash Loans give you the funds you need now from a lender you can trust.
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Use our live chat or fill out the contact form to get in touch with a Swoosh Finance specialist
