Easy Loans in Australia – Best Payday Loans Online

We live in a world where instant gratification is the norm, and when things don’t happen immediately, it’s deemed inconvenient, slow, and outdated. These aren’t the words we use to describe our loans and services at Pronto Paydays. In fact, it’s all in the name – we provide easy loans pronto!

We’re in the business of instant cash loans. That means you get the cash you need today. In fact, you can get the cash you need within the next 60 minutes if you apply right now using our quick and easy online application form.

What borrowers most commonly use easy loans and instant online loans for (to name a few):

  • Financial emergencies
  • Helping a family member
  • Paying for an unexpected expense
  • Medical emergencies
  • Small home appliance and vehicle repairs

The financial world in Australia is changing. The general population has ousted archaic loan application processes of the past. Space has been made for short term lenders who cater to the financial needs of people who need cash in a hurry and don’t want to deal with piles of paperwork or go through an intense interrogation process. In the past, it almost seemed like the only people who could get a loan were those who didn’t need it. That’s changed! You’ll see for yourself when you apply for a quick cash loan without any hitches, even if you have a less than perfect credit score.

Whether you just need bridging cash to get you to the next payday or if you need a larger amount to pay for a holiday, home renovations, or vehicle repairs, you will find various types of loans to choose from at Pronto Paydays.

What Are Quick Easy Loans & How Do They Work

1 hour loans are small cash loans designed to be paid back over a short term. Most of the loans we have on offer at Pronto Paydays range from $200 to $10,000 with up to 24 months to pay.

The best easy payday loans offer:

  • A quick application process
  • Two minute waiting period for an outcome
  • Cash paid in your bank account within 60 minutes
  • Affordable borrowing costs

To get an easy loan, simply complete the loan request online, sign the loan agreement and wait for the cash to be paid to you. The loan you take out will be for a fixed amount plus interest for each month of the term. You will need to pay your monthly installments on the pre-agreed date or put your credit rating at risk. To make it simpler for you, the lender will set up an automatic direct debit to ensure that the loan installment is withdrawn from your bank account on the same day you receive your salary/wages.

What’s more, is that the repayment frequency can be aligned with your income. This means you could end up paying your installments weekly, fortnightly, or monthly.

Our quick loans of $2,000 or below come with 0% interest, 20% establishment fee, and 4% monthly service fee for those looking to keep borrowing costs low. If you borrow a higher amount, you can expect to pay up to 48% annual interest and a $400 establishment fee.  Keep in mind that 48% is the maximum allowable interest as per the Australian Securities and Investments Commission regulations on loans of more than $2,000. This does not mean that every lender charges the maximum.

Features Of the Best Easy Payday Loans in Australia

At Pronto Paydays, we work with the most reputable lenders in Australia, and as such, we present the best easy payday loans to everyday Aussies. When applying for a loan through Prontopaydays.com.au, you can expect each loan to offer the following features.

$200 to $10,000 Loan Amounts

The loans we have on offer through Pronto Paydays range from $100 to $10,000 with easy repayment terms. With such a range of loan amounts available, you can find a loan that works for your needs and financial situation. Of course, it’s important to practice responsible borrowing – only borrow as much as you need.

Loan Terms of 16 to 30 Days or 2 to 24 Months

When applying for a loan at Pronto Paydays, you can expect the lender to offer you a loan term that suits your affordability. If you want smaller monthly installments, opting for a longer loan period is a good strategy. Instant payday loans of $2,000 are typically repaid over 16 – 30 days, but you can pay back loans of up to $10,000 over 2 – 24 months.

Repayment Schedule of Quick Loans

When you get paid each month will determine your repayment schedule. The lender will work with you to determine when it’s best to set the automatic debit on your bank account. If your salary/wages are paid on a certain date, that’s when the repayment will most likely be scheduled for. At Pronto Paydays, you can choose between weekly, fortnightly, and monthly payments.

Cost of the Loan

As mentioned already, the ASIC (Australian Securities and Investments Commission) has guidelines in place to cap fees lenders can charge on easy loans. With these guidelines in place, loans up to $2,000 in value come with a 20% establishment fee and a 4% monthly fee. On instant cash loans of $2,001 to $10,000, the maximum interest rate allowed is 48% per annum. While some lenders go ahead and charge the maximum allowable rate on easy payday loans, others like to keep things competitive by reducing their fees.

Be aware that loan contracts can include some hidden fees, such as a penalty for early settlement or late/missed payments.

Reputation of Lenders

Transparency is important to us at Pronto Pays; that’s why we work with Australia’s most reputable lenders. Our lenders:

  • Make their contact details readily available
  • Have good online reviews from current and previous customers
  • Have a credit license in place

Disbursement Time

No one wants to wait around when they need cash in a hurry. The pacing, nailbiting, and desperately trying to make a plan are surely not on the top of your to-do list. Instead, with a loan through Pronto Paydays, you can get the cash you need in as little as just 60 minutes. If there is a delay, it won’t be for more than 24 hours.

Choosing the Best Same Day Loans

If you’re looking for the best same day payday loans, here’s what you should look for. The best loans:

  • Provide a short repayment term to keep your loan costs to a minimum.
  • Require no collateral.
  • Have an online application process that takes just a few minutes to complete.
  • Ensure a fast loan payout process (60 minutes is more than enough time).

Eligibility Criteria for a 1 Hour Loans

Our easy payday loans are made readily available to:

  • Australian citizens and registered permanent residents
  • People with an Australian home address (for three months at least)
  • Individuals 18+
  • Income earners of at least $350 or more per week
  • Centrelink recipients who receive at least 50% of their income from non-Centrelink sources
  • Individuals who can afford the expected monthly installment

Examples of Easy Loans When You Borrow Money at Pronto Paydays

At Prontopaydays.com.au, we offer fast loans – here are a few examples to consider:

Lender Max Loan Loan Term Disbursement Fees
Sunshine Loans $2,000 9-14 weeks 60 Minutes 20% establishment 4% monthly fee
Ferratum Money $1,900 3-12 months Same day 20% establishment 4% monthly fee
Swoosh Finance $5,000 12 months Same day 20% establishment 4% monthly fee

These figures are just estimates and subject to change without notice.

Advantages and Disadvantages of an Instant Cash Loan

Advantages of Same Day Loans

Quick Cash Disbursement

Unlike traditional banks, lenders on our panel pay out loans on the same day they are approved. You get your cash in 60 minutes to 24  hours.

Small & Affordable Loan Amounts

By offering small loan amounts, our lenders provide you with a better chance of repaying the loan amount in full and on time. At Pronto Paydays, we offer loans of between $200 and $10,000.

Fast Online Loan Application Process

At Pronto Paydays, online loan applications take just a few minutes. The approval time takes a further two minutes, and you can expect to get the cash on the same day. The loan application process couldn’t be any faster!

No Interest on Small Loans

Don’t need a lot of money, but just enough to get through a rough patch? Applying for a small loan of up to $2,000 means you get cash in a hurry and pay 0% interest. Our loans are interest-free if you keep the loan amount low. However, loans of $2,001 to $10,000 come with a max allowable interest of up to 48%.

Disadvantages of Fast Loans

Expensive Borrowing Option

Unfortunately, same day loans are an expensive form of borrowing.  You can expect to pay a higher interest rate than you would on a traditional bank loan.

Application Process for Easy Payday Loans

Most of our customers are excited by the fact that our online application process takes just a few minutes. Here’s how to apply for a loan through Pronto Paydays:

Step 1: Calculate How Much You Need to Borrow

Don’t just jump into a loan without considering how your current expenses compare to your income. How much cash flow do you have each month to pay off a loan instalment. Once you have considered how much you can afford to loan and how much you need, you can settle on a realistic loan amount.

Step 2: Get Your Paperwork in Order

For the lender to verify the information in your loan request, supporting documents will be required. Here’s a list of what to have handy before you start the application process.

  • Utility bill or otherwise to prove your address
  • Payslip, bank statements, or other proof of income
  • Identification (a driver’s license or Medicare card is suitable)

Step 3: Complete the Online Loan Application Form

Our quick and easy online application form will require your personal particulars. Be ready to provide us with:

  • Personal details and contact details
  • Address
  • Details of employment
  • Banking details
  • Expenditure list

Before you submit the application form, read the terms and conditions along with the privacy policy.

Step 4: Connect with the Lender

The great thing about our loan application process is that you fill out just one application form, and your request is presented to a variety of lenders most likely to approve your loan. If one of our lenders views your request as viable, you will be transferred to them directly to complete the loan setup. During this phase, the lender may request further information or wish to be in contact with you.

Step 5: Sign the Agreement & Get Paid

Once the loan has been approved, the lender will forward you an agreement to look over and sign. The terms and conditions of the loan are imperative, so take the time to read through them thoroughly. Once you’ve taken all the important details in, sign the loan and send it back to the lender for finalisation. If all is in order, simply wait for the cash to be paid into your account.


Do Easy Loan Providers at Pronto Paydays Give Bad Credit Loans?

Yes, bad credit doesn’t exclude you from getting a loan, but it may reduce your loan amount. The lenders that we work with will pay more attention to whether or not you can afford the loan than your credit rating.

Will I Get My Easy Cash Loan Funds Quickly?

Yes, you will. Most borrowers get their money in 60 minutes, but it can take up to 24 hours.

Do 1 Hour Loan Providers Allow Early Repayments?

Yes, most one-hour loan providers allow borrowers to pay off their loan early, but that doesn’t mean it won’t cost them. Ask the lender what their policy is on early payments before signing the loan agreement.

Are Centrelink Customers Able to Get Easy Loans at Pronto Paydays?

Yes, we welcome Centrelink customers to apply for a loan via our platform. Of course, there are stipulations in place. We can only assist you with a loan if Centrelink only forms 50% or less of your income. 

How Much Money Can I Borrow With Pronto Paydays?

At Pronto Paydays, our loans range from $200 to $10,000.