Get ahead of your housing costs with a rent loan!
Rent is your most regular and high priority payment—after all, it’s for your home. But life can be unexpected at times with a number of urgent, unexpected bills draining your bank account. All of a sudden, you find yourself in rent arrears. In times like these, Rent Loans can help. A small cash loan from Swoosh can help you keep up regular payments and take the headache away.
Apply online today for loans starting from $2300.
Learn about advance cash loans
Learn more
What are Rent Loans?
Rent loans are a way of getting access to much-needed cash if you’re at risk of falling behind on your rental payments. Get a loan for rent from Swoosh before you expect to go into rental arrears. The team at Swoosh will work closely with you to arrange payments either to you or directly to your landlord.
How much can I borrow?
You can borrow between $2,300 and $5,000 in a short term rent loan. The amount can be either paid to your account or directly to your landlord.
How quickly can I get a Rent Loan?
Being in rent arrears can be incredibly stressful. So, we’ve made the Rent Loan process quick and hassle-free. Our application is 100% online and only takes minutes to complete. Our team will then review your application (usually, within minutes) and we’ll transfer the money you need right away*.
For more information: How to Apply for a Rent Loan Online
*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.
How do I apply?
Apply for a Rent Loan with Swoosh in 3 easy steps.
-
Fill out the online application form. It only takes minutes.
-
Provide us with the correct documentation and bank details.
-
We send the money straight to your account.
No need to sign-up for an account. Apply Now
Structure for Rent Loans
At Swoosh, we give you all of the information upfront. With us, there are no nasty surprises or hidden fees. Here are all of the details on our secured loans:
| Loan amount | $2,300 – $5,000* |
| Fees: |
|
| Annual Interest | 47% (Comparison Rate 66.0347%)** |
| Term length | 12 Months |
|
Debit dishonour fee (if a scheduled payment is returned unpaid) | $39.95 |
| Repayment options | Weekly, fortnightly or monthly (based on your pay schedule) |
At Swoosh, we communicate upfront and honestly, making our online loans simple to understand and quick and easy to complete.
Fees and interest rates:
Our Rent Loans can be paid back over 12 months. There are no hidden monthly charges, and no penalties for paying back your loan quicker, so you can pay it back as soon as you are ready. Find out more: Payday Loans Rates and Fees.
- $0 application fee (even if your application is not approved)
- Establishment Fee—$400 (included in the loan)
- PPSR and Security Check—$20 (included in loan)
Keep in mind that you may incur additional fees each time you miss a payment, and this may affect the length of your loan.
Interest is calculated daily based on the outstanding balance and is applied monthly to your account. Interest rates are fixed for the loan term—so you know exactly what to expect. If a scheduled payment is returned unpaid, we may issue a $39.95 debit dishonour fee. This fee is not subject to interest, though you’ll continue to pay usual interest charges as described.
We make it easier to make repayments
To make life stress-free and easy, we align your repayments with your payday so you don’t miss a repayment, whether that’s weekly, fortnightly, or monthly. We also only approve your loan application if we believe you can repay it.
Am I eligible to get a Rent Loan?
To be eligible for a Swoosh Rent Loan, you only need to meet the following simple criteria:
- Be at least 18 years old
- Employed for at least 3 months
- Be a permanent resident or valid visa holder of Australia
- Own a vehicle registered in your name
Can I get a Rent Loan if I have a bad credit score?
Yes, it is possible. Your credit history is exactly that—history. We believe in responsible lending and consider every rent loan application on its individual merit. That means focusing more on your ability to repay the loan now, rather than at some time in the past.
Can I apply for a Rent Loan with Swoosh if I have an existing 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.
