Need quick cash but don’t want long-term debt? Swoosh Finance offers short term loans in Australia, allowing you to borrow now and pay off quickly. Perfect for unexpected expenses or a quick cash boost to get you through until payday. Our loans range from $2,300 to $5,000 and are available to a wide range of Aussies, even those with bad credit. Apply now and pay it off within 12 months!
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How to apply for a Short Term Loan
Applying for a short term loan with Swoosh Finance is quick and easy:
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Complete the Online Application: Fill out the form on your mobile, computer, or tablet. It takes just minutes.
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Get Approved: Receive approval within 60 minutes of receiving required information (during business hours)*.
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Get Paid: Once you sign the contract sent to your email, we’ll transfer the money directly to your bank account.
How quickly can I get a loan for bad credit?
*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.
Uses for Short Term Loans
You can use our short term loans for a variety of needs, including:
- Emergency Expenses
- Car Repairs
- Education Costs
- Weekend Getaways
- Bond payments
- Car Rego Fees
- + much more!
How short term loans work
Short term loans from Swoosh Finance are designed to be repaid over a short period, typically within 12 months but you can pay it off sooner at no extra cost. These loans are secured against your vehicle, ensuring lower repayments and quick settlement.
Eligibility criteria
To apply for a short term loan, you must:
- Be 18 years or older
- Have been employed for at least 3 months
- Be a permanent resident or valid visa holder of Australia
- Own a vehicle (like a car or motorbike) registered in your name
Rates and fees for Short Term 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 debit dishonour fee may be issued if a scheduled payment is missed or returned unpaid |
| Repayment options | Weekly, fortnightly or monthly (based on your pay schedule) |
We’ve got no hidden costs or monthly fees, all your payment information is listed in the table above.
Find out more: Rates and fees
Flexible repayment
To ease your financial planning, we align repayment schedules with your paydays, whether:
- Weekly
- Fortnightly
- Monthly
Can I get a Short Term Loan with bad credit?
Yes! At Swoosh Finance, we believe that bad credit shouldn’t prevent you from getting the money you need. We focus on your current financial situation to approve your loan. This approach helps us assist more Aussies in getting the finance they need quickly.
What makes Swoosh Finance the best short term loan lender?
We aim to be the best in fast, easy finance, offering:
- Fast turnaround times
- Quick approval
- Accessible finance
- No paperwork
- 100% online applications
- Friendly customer service
Whether you’re looking for short term loans in Sydney, Melbourne, Perth, Brisbane, Adelaide, or anywhere else in Australia, Swoosh Finance is your go-to lender for short term loans.
Apply Online Today to Get Started with Your Short Term Loan!
Short Term Loan FAQs
Got questions? We’ve got answers. Find find out more about applying, repayment, eligibility, credit & more.
These are the main ways a short term loan will affect your credit rating:
- Making payments on time and managing your debt responsibly can help improve your credit score over time.
- ‘Hard checks’ on your credit file during the application process will cause a temporary dip in your credit score.
- Any missed payments and defaults will have a negative impact on your credit score.
Short term loans from Swoosh Finance come with a 12-month loan term.
Short term loans tend to come with higher interest rates compared to loans with longer repayment periods. But you still might end up paying less on interest in the long run. Because although the rate may be higher, you won’t be paying it off for as long.
You could also pay the loan off faster and save on interest. Swoosh Finance customers are not charged any additional fees for early loan repayment.
You can have more than one short term loan at a time. How many loans you can have will depend on what you can afford to service and what lender you apply with. You can also apply for a debt consolidation loan to borrow more money and roll all your loans into one payment.
Assess your financial situation carefully before you make any decisions on new finance. If you borrow a small amount of money and can afford a higher interest rate, you may want to take advantage of the speed of a small short-term loan. But if you are taking out a large sum of money, then paying it off over a longer period will make the instalment amounts smaller and more manageable.
Credit checks are important risk assessment tools for responsible lenders and help keep consumers safe from predatory lending. Some lenders may offer no credit check loans if they use alternative methods to verify that you can service the loan. However, almost all reputable lenders in Australia will conduct credit checks, even if they offer bad credit loans.
Find out more: Do cash loans without credit checks really exist?
