Compare Payday Loans

Provider Loan Amount Timings Cost Requirements Apply
Cash Doctors Initial: $200 if paid weekly
$300 if paid fortnightly
$400 if paid monthly
Subsequent: $600 		60 minutes 26%
  • Be employed full or part time (receiving holiday and sick pay)
  • Have been employed for at least 3 months
  • Earn a minimum of $400 per week net (after tax) directly into your bank account
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DollarsDirect The amount of the loan depends on lender’s qualification criteria.
The maximum loan is $1,500

 If you’re approved by 6pm AEST Monday – Friday, your funds will generally be deposited the next day. Loans approved over the weekend will generally be deposited on Tuesday. $25 per $100 borrowed plus 24%* p.a. pro rata of amount borrowed. *Interest rates charged depend on amount borrowed and length of term. This is a general guide only, for more information contact the provider.
  • Have an active bank account
  • Be currently employed for over a month
  • Be a current resident of Australia. Residents of Western Australia and the Australian Capital Territory are excluded.
  • Must be at least 18 years of age.
  • Some customers may be required to submit additional documentation for identification purposes due to government law or qualification criteria.
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Payday Mate Initial: $300
Subsequent: $1,000 		24 hours 28.98% plus $1
  • 18 years of age
  • Resident of Australia
  • Minimum net income of $1,334 pm if paid weekly or $667 pm if paid once or twice per month
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Payday Loans

Sudden expenses can sometimes leave us short of cash, and we're left with barely anything to make it till next payday. This is why payday loans were created: to help people manage day-to-day expenses when their regular paychecks aren't enough. If you often find yourself falling short, fast loans can be a good solution for you.

What are payday loans?

Payday loans are small, short-term loans meant to be paid back on one's next payday. The amounts are usually under $1000 and are payable in a month or less. They require little to no documentation, and often no credit checks, which allows for very fast processing. Payday loans can be approved in a couple of hours or overnight.

How do they work?

In a typical fast loan, you issue a postdated check for the amount of the loan plus the interest, application and processing fees. Your lender then gives you the amount you are borrowing, saving the check for deposit or encashment on your payday. Other lenders will deduct directly from your bank account, while others allow you to pay in cash in one or more repayments.

Should you get a payday loan?

One thing to remember about payday loans is that they charge very high interest-often five or more times the rate in a standard personal loan. Payday loans should be taken out only when there's no other choice, as the loan can quickly get out of control. Before applying for a payday loan, check with several potential lenders and look for one that offers the most favorable deal.