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Swoosh provides Small Loans from $2,200 – $5,000. Swoosh small cash loans are designed to spot you in between paydays, providing financial relief for any sudden, unforeseen and unbudgeted expenses. You can also use a small loan to pay for a short course that will help you upskill and get ready for that big promotion.
Whatever the reason, Swoosh can help. Apply for a loan with Swoosh today.
Get a small loan fast
with Swoosh
What are small loans?
Small loans from Swoosh are between $2,200 and $5,000. They’re a great alternative to most personal loans from traditional banks where the minimum borrowing amount might be much higher. Our small loans are also a great option for people who do not have a credit card – and even for those with a bad credit score.
How much can I borrow?
You can borrow between $2,200 to $5,000 in a small cash loan. You can use this any way you like to help with unexpected and/or unbudgeted expenses.
What can I use my small cash loan for?
That’s entirely up to you. You might want to pay for a holiday or unexpected bills, get some new furniture, or buy a prize poodle! Whatever your reason for wanting some extra cash, we don’t need to know it. All you have to do is tell us how much you want. As long as you meet the eligibility criteria and repayment requirements, there are no restrictions on how you spend the money.
How quickly can I get a small loan online?
Our application form and loan process is 100% online and only takes minutes to complete. Once received, we can get you the cash you need on the same day*.
Find out more: How To Get A Cash Loan
*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.
Am I eligible to get a small loan?
Most people in Australia are eligible for a Swoosh Small Loan—even those with bad credit. You just 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
Fees and interest rates
Our Small Loans can be paid back over 12 months. There are no hidden charges, monthly fees 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 – $16 (included in loan)
Keep in mind that you may incur additional fees and charges 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 $35.00 debit dishonour fee. This fee is not subject to interest, though you’ll continue to pay usual interest charges as described.
If you’re looking for a small loan with low interest rates, check out Swoosh’s transparent rates and fees below.
| 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 | A $35.00 debit dishonour fee may be issued if a scheduled payment is missed or returned unpaid |
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. We also only approve your loan application if we believe you can repay it. You can choose to make weekly, fortnightly, or monthly repayments on your loan.
How do I apply?
Applying for a Small Cash Loan with Swoosh is quick and easy.
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 require 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.
No need to sign-up for an account. Apply Online Now.
*Speed of approval is conditional to receipt of all requested relevant documents/information.
FAQs
Do small loans help your credit?
Yes, as long as you meet your loan repayments and eventually settle your loan.
Can I get a small loan if I have bad credit?
Yes, it is possible. Your credit history doesn’t impact our decision. We believe in responsible lending and consider every small loan application on its individual merit.
Can I apply for a small cash loan with Swoosh if I have an existing loan with another company?
Yes. If you have other small personal loans, car loans, or any other type of loan, you can still apply for a small cash loan with Swoosh. As responsible lenders, Swoosh will only approve your application if we believe you can afford to repay your loan.
How small of a loan can I get?
At Swoosh, our small cash loans start at $2200.
Testimonials
Garry Capewell
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Helen T
Nai “Friszy01” Frisjina
Michael Higgins
Jo Naisbitt
Brendan Hedges
Kaitlyn Rea
Dino Mcpherson
Graham Cowley
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
