FAQs – Find the answers

What is a payday loan?

A payday loan is a small cash loan until your next payday. Usually payday loans are between $100 and $600 and repaid within a few days or a matter of weeks.

They are a very convenient short-term loan solution to help you cope with unexpected and out-of-the-ordinary cash needs.

Our loan providers are reputable and responsible – they are not trying to trap you into never-ending debt.

Am I eligible for a payday loan?

These are the general eligibility requirements:

You are over 18 years of age.
You are in full or part time employment (receiving holiday and sick pay).
You have been in this employment for at least 3 months.
You earn a minimum of $350 per week net (after tax).
You have a bank account.

If you meet these requirements, you are eligible to apply for a loan.

What is the 1 cent first time borrowers’ special?

One of our preferred lenders is currently offering first-time cash advances for just 1 cents.

This gives first-timers the opportunity to try out this lender. Find out for themselves whether the lender is reliable and how it all works …. and at the same time SAVE MONEY!

For first-time borrowers, the maximum loan available is based on your pay cycle. You can borrow up to:

$220 if paid weekly.
$300 if paid fortnightly.
$400 if paid monthly.

Once you have paid out your first payday loan, your borrowing power will increase.

How much can I borrow for subsequent payday loans?

Up to $600, online and instantly.
Our preferred lenders practice responsible lending, and won’t loan you more than you have the capacity to repay.

How much will a payday loan really cost me?

Your first payday loan costs just 1 cent! ….. a payday loan of $400 for 45 days costs $0.01
For subsequent payday loans the fees are easy to understand and are as follows:

Regardless of the loan amount, there is a $45 establishment fee.
Then $30 for each week you have your cash advance.

That’s it! …. a payday loan of $400 for 21 days costs just $135.00

Be reassured there are no hidden costs! When you apply, the loan provider sends you an up-front statement of the exact cost of your short-term loan.

How long do I have to repay the payday loan?

Payday loans must be repaid within 45 days.

What is the online application process?

We match you with a preferred lender, accessing the first time borrowers’ special where applicable.
We send your details to the preferred lender.
The preferred lender reviews and assesses you application.
If you meet their requirements they will make an offer to you straight away. The offer includes all the information you need to know including the final cost of the loan and your repayment schedule. No hidden charges.
If you are happy with the offer you confirm this to them.
Your employment details are verified.
Your cash is transferred to you.

How do I repay the payday loan?

The preferred lender will set up an automatic direct debit to collect the money from the bank account that your pay goes into. You don’t even have to think about it.

Can I get a payday loan advance if I have a bad credit history?

Yes you can! Our lenders will help you, unless …. you have been bankrupt; have a very bad credit history; or are in a part nine debt agreement.

Do I need documents or paperwork to apply for a payday loan?

No!