Payday Loans Australia Wide
Payday loans in Australia offering:
– 24/7 online applications
– Approval in 60 secs
– Funds in under an hour.
Loans of up to $2,000 with all the perks of traditional Australian payday loans, but lower risks for you. No hidden fees or unwelcome surprises.
Costs & Fees
20% establishment fees + 4% monthly fee
No hidden fees
Sydney | Brisbane | Melbourne | Adelaide | Perth | Hobart | Australia

Are you eligible?
- Stable employment/income
- Australian resident 18+ years old
- No new loans in last 90 days
- Repayments are affordable
Updated by Steve Stemp on 17/4/25
Choosing a payday loan
If you are thinking about applying for one of our Payday Loans, then a likely priority for you is repaying your loan quickly, within your next pay cycles.
You might have an unexpected expense show up that was not in your budget, and you don’t have enough emergency savings to cover it.
Running short on funds before pay day can be stressful. Being able to access funds to bridge the gap now and pay bills can help ease financial strain.
Payday loans act to provide quick, convenient funds when things don’t go to plan. They help you avoid the more time consuming application process of bank loans.
A payday loan could help you pay for car repairs, medical, dental, or veterinary bills, or other surprises. They can be a good option for Aussies looking for a simple and quick financial boost in the short term, but that prefer to make fewer repayments.
Cash Today payday loans are a form of SAAC loans (up to $2,000) but with a shorter repayment schedule selected. The minimum loan term is 16 days, so you can choose to pay off the loan over your next few pay days.
Payday Loan rate, at a glance
Our payday loans have a fixed fee structure. You’ll pay a 20% establishment fee, and then a 4% monthly fee.
Step 1: Check your eligibility – obligation & risk free
If you think a payday loan could be the right fit for you, you can check to see if you would qualify first. This could save you the wasted effort of filling out a complete application for a loan that you probably wouldn’t be approved for.
How? It couldn’t be simpler. Click the button below and spend a minute or two to provide some basic details, and within seconds you’ll recieve a pre-approval status.
You’ll be shown with the loan terms, repayment amount, and fully transparent fees. From there you can decide if you would like to proceed with applying for real.
The healthier your finances, the better your chances are of qualifying for a loan. Our panel of over 60 lenders makes it easier than ever to find a loan that fits your needs, and means your application can be approved even quicker.
And don’t worry – checking is 100% obligation free, confidential, and will not impact your credit history.
Step 2: Accept the loan offer
If you choose to proceed with applying for the loan, a 90 day online bank verification will take place to confirm a healthy financial history and repayment affordability to match the details you provided.
Assuming everything checks out, you could recieve a loan offer within minutes. Once you accept the loan offer, the funds are deposited in your bank account via instant bank transfer that same day, guaranteed – often within hours.
How it works
Easy Secure Application
Applying for a payday loan is easy and quick. In less than 5 minutes you can apply for a Cash Today loan amount up to $2,000.
Fast Results
Once your application is submitted, our team can approve your short term loan quickly. You’ll get a decision within minutes instead of days.
Same Day Instant Transfer
Once you’ve been approved we will deposit the money into your bank account the same day, often within the hour.
Alternative lending options to consider
If you are looking for a better loan rate, worry you might not be able to make the repayments with a shorter loan term, or have an imperfect financial history, you might want to consider one of the options below:
Same Day Loans – up to $5000
- SAAC/MAAC Loans (Payday Loan Alternatives): Ideal for those seeking responsible payday loan alternatives with more manageable repayment terms and transparent fee structures. Loan amounts are $300 to $5,000 and repayments can be spread out over months instead of weeks.
Easy Approval Loans
- Payday Advance Loans: The easiest option to get approved for, perfect if you need quick access to funds and don’t want a credit check. Best for short-term financial needs. Loan amounts are $300 to $2,000.
Competitive Rate Loans
- Loans for Larger Amounts: Great for those looking for higher loan amounts with competitive interest rates, suitable for planned expenses or significant life events. Loan amounts are $5,000 to $80,000.
Explore your options and find the loan that fits your financial situation and goals best!
Looking for payday loans online in Australia for amounts up to $2,000?
Consider one of our SAAC loans of $300 to $2000, or MAAC loans of $2100 – $5000.
While we do not offer traditional payday loans (also known as cash loans/small loans) our online SAAC and MAAC loans are an even better alternative because they are processed just as quickly, but come with far less risk. The minimum loan terms for SAAC or MAAC loans is 16 days, so you can opt to repay them quickly just like a payday loan.
Traditional payday loans have gotten a bad reputation, and not without reason. There have been reports of extremely high fees or hidden costs, debt traps, and aggressive debt collection practices. They aren’t as strictly regulated by governing bodies.
SAAC loans on the other hand offer more protection and safety with fully transparent fees, no hidden charges, and if you are struggling to make repayments there are options for flexibility with repayments to prevent damage to your credit score and help you make your repayments on time. They are a type of personal loan regulated under the National Consumer Credit Protection Act (2009).
Need money today? Don’t want mountains of paperwork, and long application processes.
Our fast online loans could be just what you’ve been looking for.
Comparison: Payday Loans vs. SAAC/MAAC Loans
Feature | Other payday loans | Our payday loans |
Cost | Higher fees (establishment fees, ongoing fees, administration charges) | Lower fees/interest rates |
Repayment Term | Short (e.g. 2-5 weeks) | 16 days to several months |
Lending Practices | Less stringent | Responsible lending practices |
Additional Benefits | None | Options for flexible repayments and fee waivers in cases of hardship |
Regulation | Regulated, but fewer customer protections. | Regulated under the National Consumer Credit Protection Act (2009) |
At a glance
Simple loan rates & fees
See our simple rates and fees below, and then view more information about rates & fees to work out repayments and total costs for different amounts and terms .
Small loans
Up to $2000
Small loans (SAAC) | |
Loan amounts | $500 – $2,000 |
Loan term | 1 – 12 months |
Establishment fee | 20% |
Monthly fee | 4% |
Interest rate | N/A |
Medium loans
Up to $5,000
Medium loans (MAAC) | |
Loan amounts | $2,001 – $5,000 |
Loan term | 3 – 24 months |
Establishment fee | $400 |
Monthly fee | $0-$18 |
Interest rate | 19% – 48% |
Second chance loans
$500 with no credit check
Second chance loans (SAAC) | |
Loan amounts | $500 |
Loan term | 1 – 12 months |
Establishment fee | 20% |
Monthly fee | 4% |
Interest rate | N/A |
Larger loans
Up to $80,000
Large loans (personal) | |
Loan amounts | $5,001 – $80,000 |
Loan term | 3 – 7 years |
Establishment fee | $310-$1035 |
Monthly fee | $0 |
Interest rate | 7.24% – 19.99% |
*Please note that the figures shown are indicative only and may not include all fees and charges. All applications are subject to assessment.
Great
Good chance of approved for a loan. Likely to qualify for a loan with lowest rates.
Characteristics:
- Credit score: Good (above 600)
- Stable employment or income with clear repayment affordability
- Low Debt-to-Income Ratio (well below 36%)
- Positive Savings History
- Minimal existing loans
- No disqualifying conditions.
OK
May be approved for smaller loan amounts, loan rates may be higher.
Characteristics:
- Credit score: Ok (above 400)
- Recent job changes/ gaps in employment but clear repayment affordability
- Debt-to-Income Ratio approaching 36%
- No new loans in the last 90 days
- No disqualifying conditions.
May not be suitable
Unlikely to approved for a loan over $1,000 or qualify for lower loan rates.
Characteristics:
- Credit score: Low (less than 400) or none
- May have a high debt-to-income ratio (DTI) above 36% or significant outstanding debts
- May have a history of unemployment or frequent job changes
- No disqualifying conditions.
Automatically declined
Will not be approved for a loan.
Characteristics:
- Displays one or more disqualifying conditions.
- Unable to afford repayments
- No regular income
- Risky debt-to-income ratio (DTI) above 60%
Consider improving your financial health and applying at a later date.
Am I eligible for a loan?
If you want to understand whether you are able to be approved for a loan, there are a few things to consider.
Loan requirements
- Proof of Australian residency (utility bill) and regular income
- Driver’s license or other identification (over 18 years of age)
- A read-only 90-day bank statement (via online bank verification)
- Credit check
- Repayment affordability can be established
- No direct debit dishonour transactions in bank statements
Credit check
Credit history
A history of responsible borrowing shows that you’ve paid your bills on time and haven’t maxed out any credit cards.
Credit score
A good credit score is a strong indicator of your creditworthiness and could mean that you are eligible for loans with lower interest rates than another applicant with a less favourable credit score.
Debt-to-income ratio (DTI)
If you have a low debt-to-income ratio (DTI) this is the best position to be in for getting approved for a loan. A great debt-to-income ratio is 3.6 (36%) or less.
The higher your debt-to-income ratio, the less likely you are to be approved. That’s because you will be making repayments on your existing debt, and have less available funds to comfortably make repayments on a new loan. A debt-to-income ratio of 6.0 (60%) or higher is considered risky for lenders.
How to calculate your debt-to-income ratio
Debt-to-income ratio = Total debt divided by total annual gross income
This can be expressed as a number or a percentage.
Resource:
Debt-to-income ratio calculator
Loan amount and purpose
The amount you’re borrowing and what you’ll be using it for can also affect your approval odds.
Generally, smaller loans for specific purposes (like a car repair) are easier to get approved for than large loans with a vague purpose.
Collateral
Some loans, especially larger loans such as home renovation loans or car loans, require collateral. This is an asset the lender can seize if you default on the loan.
Having collateral can improve your chances of getting approved, especially if your credit score isn’t perfect. In some cases it can also qualify you for lower loan rates.
Income and employment
If you have stable full time employemt with income that would allow you to comfortably repay a loan, this makes you most likely to be approved for a loan.
It is still possible to be approved for a loan with part-time employment if your regular expenses are lower and affordability can be established.
Other forms of supplementary income are also considered such as government benefits.
Your total income amount, your employment history, and any other sources of income will be taken into consideration when making an approval decision on a loan application.
Responsible lending
Understanding your individual circumstances
At Cash Today, we understand that unexpected expenses can arise. While we’re here to help you access the cash you need quickly, we’re committed to responsible lending practices. This means we take the time to assess your individual circumstances before offering a loan.
Prioritising your financial well-being
We prioritise your financial well-being and want to ensure you can comfortably manage repayments. We also offer clear and transparent loan terms so you understand the full cost upfront. If alternative solutions like payment extensions or budgeting tools can better address your situation, we’ll be happy to point you in those directions.
Lower rates reward good track records
If you can demonstrate a strong financial track record you are more likely to get approved for personal loans and qualify for lower loan rates. If your income compared to your ongoing expenses shows that you have the ability to comfortably afford higher loan repayments you may be able to get approved for higher loan amounts.
Preventing financial stress
In the event that your financial history reflects more unstable income, a poor credit rating, or a high debt-to-income ratio, your application may be declined if it is determined that repaying the loan would not be affordable and result in further financial hardship for you.
You may only be approved for smaller loan amounts with lower repayments, and you may not qualify for lower rate loans and need to carefully decide whether you are willing and able to accept paying higher rates for the loan.
Protecting your future
It’s important to note that even if you can comfortably afford repayments, your application might not be approved. This is because we assess your financial history to ensure responsible lending. We want to avoid situations where the loan could negatively impact your long-term financial health. This includes missed payments that could damage your credit score and make it harder to access future loans.
Disqualifying conditions
If you display one or more of the following loan disqualifying conditions you are not currently eligible for a Cash Today loan.
- Opened a personal loan in the last 90 days
- Already has two or more payday loans under $2000
- Bank statements in the last 90 days display transactions for online gambling
- Bank statements show payments made to collection companies, payment arrears, or dishonours in the last 90 days
- Bank statements show wage advances such as Wagetap, Wagepay, MyPayFast, Beforepay, in the last 90 days
- Bankruptcy
You should consider seeking alternative options for financial assistance, or delay applying until your 90 day financial history reflects that you are eligible to apply as well as able to comfortably afford repayments.
What is a Payday Loan?
Also known as a small amount loan, or a cash advance loan, it is a lending option that allows you to borrow loan amounts generally less than $2000-$5000. These same day loans can be payed back faster than a traditional personal loan. Amounts borrowed could be as small as $400, and the duration of lending as little as 16 days.
An example would be repaying the loan with your next pay cheque for smaller amounts. You may alternatively choose to spread the repayments over weeks or months for larger amounts. Different payday lenders can offer different fee structures, so it’s important that you understand clearly your repayment amounts and schedule, as well as the fees charged.
How are Cash Today online loans different to payday loans?
Cash Today offers a number of loan types including SAAC loans, MAAC loans, payday advance loans, and personal loans.
Our payday loans are in fact either SAAC or MAAC loans depending on the loan amount required), but with a shorter repayment period selected so that the loan is paid back within your next pay cycle, or next few pay cycles.
These are not the same as traditional payday loans which could come with higher fees, or other risks.
A Small Amount Credit Contract (SAAC) loan is a type of short-term loan product for up to $2000, repaid over a duration that is between 16 days and 12 months, and is regulated under the National Consumer Credit Protection Act since 2009.
A Medium Amount Credit Contract (MAAC) loan is a type of short-term loan product for amounts between $2001 and $5000, repaid over a duration that is between 16 days and 24 months, and is regulated under the National Consumer Credit Protection Act since 2009.
They differ from other types of payday loans, as they can also be for higher loan amounts and have the option of being repaid over longer periods, as opposed to being smaller loan amounts that must be repaid within one or more pay cycles.
How do I repay the loan?
Cash Today are fully transparent with our fees and take responsible lending seriously. Our lending options have the simple fee structure of a 20% establishment fee plus 4% of the principle amount per month until the loan is repaid. This can assist you in making an informed decision about whether a payday advance is right for your individual circumstances. Your repayments will be made via automatic direct debit from your bank account, so you have the peace of mind that you’ll never forget a payment.
Are you sure that a payday loan is the best fit for your needs?
Which of the following is the biggest priority for you?
Borrow up to $2,000, aiming to repay the loan within the next few pay cycles.
Best loan fit:
Loan that’s easiest to get approved for, with more lenient loan requirements.
Best loan fit:
Borrow up to $80,000 in as under 60 minutes. My financial history is healthy.
Best loan fit:
Loan approved even if you have a bad credit rating, or no credit rating.
Best loan fit:
The Cash Today difference
Servicing thousands of satisfied customers since 2006, you can count on Cash Today to deliver your cash when you need it fast. Applying is so simple! In just a few minutes you can complete the online application form from your phone or desktop for payday loans no credit check. No filling out complicated paperwork or lengthy forms required! You’ll be provided with all the information that you need about the affordable repayments and fees. We make is so easy for you to make an informed decision that is right for you.
There’s a reason that Cash Today has been the lender of choice in offering quick cash for hundreds of return customers every year. With us, you’ll get real service from real people. We understand that you are not your credit rating. Cash Today can help you get money fast when you need it whether you have bad credit, prefer a no credit check application, or are receiving Centrelink payments.
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