Holiday Opening Hours Click here

Short Term Loan FAQs


Do short term loans affect your credit rating?

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.

How long is a short term loan?

Short term loans from Swoosh Finance come with a 12-month loan term.


Do short term loans have higher interest rates?

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.


Can I apply for more than one short term loan?

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.


Is a long term loan or short term loan better?

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.


Can I get a short term loan with no credit check?

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?


Swoosh Finance Star Rating sam johnston
Jade was really easy to deal with very efficient and I had no dramas understanding any of the things she needed to complete
sam johnston
Swoosh Finance Star Rating Donna Moroney
Caring excellent customer service very efficient fast with email replies very helpful every step of the way would highly recommend her
Donna Moroney
Swoosh Finance Star Rating clint bindley
I've always had a good experience with swoosh and today with Ana was no different, she gets back to me really quick and is easy to deal with
clint bindley
Swoosh Finance Star Rating Eric & Zephy
Carin has been really helpful in assisting me with my application. Very professional! Thanks so much Carin!
Eric & Zephy
Swoosh Finance Star Rating Melissa Wilson
Fast service friendly team. Ana has been wonderful. Recommending her highly.
Melissa Wilson
Swoosh Finance Star Rating Tales from the Crypto
Had excellent service bestowed my way with Swoosh, always up and ready to help. Stacey, Carin and others help out in every way possible, timely responses and overall a pleasure. Thanks Swoosh team :-)
Tales from the Crypto
Swoosh Finance Star Rating Naseer Mansour
Swoosh is a professional high quality business and would like to thank in particular Stacey and Ryan for their professionalism in dealing with customers and their knowledge and responsiveness to processing applications.
Naseer Mansour
Swoosh Finance Star Rating Tohi Ridings
Very helpful and very understanding. I dealt with Ana and she was an absolute pleasure to deal with.
Tohi Ridings
Swoosh Finance Star Rating J R
Great service..very helpful and hands on with customers. Process went smooth n fast. Thanks you Ana for your great help .much appreciated
Swoosh Finance Star Rating Shayne Khan
Highly recommended if you meet the criteria, very helpful staff have dealt with them all on multiple occasions. Ana is amazing at what she does extremely easy to deal with and gets things done...
Shayne Khan

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.

Want to chat to someone?

Use our live chat or fill out the contact form to get in touch with a Swoosh Finance specialist