The Government MoneySmart website shows you how small amount loans work and suggests other options that may help you.
* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.
To qualify for the cashback offer you must:
Cash will be deposited to the account nominated for loan funds disbursement within 7 days of the first contracted repayment;
One cashback offer per customer;
As an existing customer this application should taken less than two minutes. If you have already provided a refresh authority to our bank statement provider, you will not need to upload your bank statements.
Unfortunately MoneySpot won't be able to proceed with your application. However our friends at Financier will be able to help you. No employment or credit checks required.
From 12 June 2023, new government regulations have changed the eligibility criteria for customers seeking loans up to $2000. Your loan application will be declined if you apply for a loan of $2000 or less and: 1. You entered into 2 or more loan contracts for $2000 or less over the past 90 days; OR 2. The total repayments on loans of $2000 or less exceed 10% of your net income. If you believe this may affect you, you can still apply for a loan over $2000, which may be more affordable due to its longer duration. Conditions apply and loan approval is subject to a credit assessment.
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