Frequently Asked Questions

What is a payday loan?

A Payday Lender payday loan is a loan ranging between $200 and $2000, that is applied for online and involves a quick application process and same-day payments of cash once approved. Repayments are made over a short duration of time, generally within a few weeks or months depending on the loan amount.

How do I apply for a Payday Lender loan?

Click here to view the application form, and follow the simple prompts to complete your application. It takes just a few minutes, all online, with no paper documents required.

What are the documents required to apply?

Payday Lender will require a copy of your driver’s licence, a utility bill showing your address, and an online digital copy of bank statements from the last 90 days retrieved via your online banking platform. We may ask for further information depending on individual circumstances.

Will I get approved?

You have the best chance of being approved for a payday loan if you have regular income paid into your bank account from an employer over the last 90 days, we can see that your expenses are not higher than income and that you can make repayments comfortably, and you have a good credit rating.

While it is possible to be approved for a loan if you are receiving Centrelink payments or have a bad credit rating, your chances are much lower. You may wish to consider other alternatives to lending if this describes your current financial standing.

How much does it cost?

Our loans have the following simple fee structure:
20% of principal amount (establishment fee)
+ 4% of principal amount per month

Where can I find out more?

Our referral partner Cash Today have more information on requirements, terms and conditions.