Quick Cash Loans in Australia – Immediate Response

Wouldn’t it be great if you could apply for a quick cash loan and get the money you need within the hour? You can –  when applying for fast and easy cash loans with Pronto Paydays! We work with various leading short term lenders in Australia, providing you with access to the most viable small cash loans available. Whether it’s a bit of bridging cash you need to get to your next payday or a larger personal loan paid off over a longer period, rest assured that you’ll find the type of loan that you need at Pronto Paydays.

What Are Quick Cash Loans

Quick cash loans are small cash loans designed for repayment over just a few months to a year. Many of the lenders we work with offer 30-day quick cash loans, but there are plenty on our panel that provide longer terms of 16 days to 24 months. Most of the loans we have on offer carry a maximum loan amount of $2,000.  Don’t worry if you need a bit more, as some lenders may approve quick-cash loans of up to $10,000.

What’s so quick about a quick cash loan?

  • The application process takes just five minutes
  • Receive an outcome in just two minutes
  • Get the cash you need within an hour

With most quick cash and payday loans, the lender aligns the repayment dates with the borrower’s payday, making it feasible for the borrower to repay the loan on time. This is quite convenient for the borrower – you’ll simply never miss a payment!

If you’re worried about your salary of wages dates not quite aligning with the requirements of a lender, don’t be! Lenders usually offer weekly, fortnightly and monthly repayment options.

If you’re looking for a fast loan of a small amount, you’re in luck! The Australian government has fixed the maximum charges that lenders can apply on a quick-cash loan under $2,000 in value. Under these rules, quick-cash loans come with a maximum 20% establishment fee and a 4% monthly fee calculated on the loan principal, although many lenders charge lower rates to make their loans more attractive.

Most borrowers use quick cash loans for:

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

And anything that requires funding before your next payday.

Features Of a Quick Cash Loans

When applying for a quick cash loan, you can expect the following features:

Loan Amount

Most of the quick cash loans available through Pronto Paydays range from $150 to $2,000. However, some lenders do offer quick-cash loans up to $5,000 and even $10,000 – of course, your financial standing will come into play with large loan amounts. How much you choose to loan will impact the costs incurred. The large the loan amount, the longer the loan period. And when the loan period is extended, you can expect to pay more in interest. As a general rule, don’t loan extra money just because you can. Take what you need and try to pay it back over the shortest possible term.

Term Of Loan

The repayment term of a quick cash loan is set according to the borrower’s affordability and choice. However, the government has banned loan repayments in under 16 days, so you cannot expect to take out a loan for just a few days. Most of the short term loans at Pronto Paydays are paid back within 30 days, but many lenders offer loan terms of 30 days to 24 months.

Repayment Schedule

Repayments on a quick cash loan are often scheduled according to the borrower’s payday. For example, if you receive your salary monthly, your repayment date would also fall on your payday every month. You must scrutinise the repayment schedule and amount mentioned in the loan agreement before signing it to ensure the loan is affordable. Always consider your income and living expenses before getting into debt, no matter how small.

Fees Charged

If your loan is under $2,000 in value, lenders cannot charge more than 20% establishment fee and 4% monthly fee, as per ASIC (Australian Securities and Investments Commission) guidelines. Although many lenders charge the maximum rate on quick-cash loans, you will find that some lenders like to keep things competitive and so reduce their fees.  If you’re borrowing amounts of $2,001 and above, you can expect a maximum annual interest rate of 48%.

In addition to the upfront fees, always query hidden and contingency fees. These include:

  • Early settlement/exit fees
  • Late payment fees

Lender Reputation

At Pronto Paydays, we take pride in dealing with lenders with a good reputation and transparency.  The following makes for a reputable lender:

  • Readily available contact details (telephone and email)
  • Good online reviews
  • Registered credit license

Disbursement Time

How long it takes a lender to pay out your funds is bound to be important to you – after all, quick cash loans are designed for everyday Aussies in a hurry for cash. One of the biggest perks of working with the lenders we do is that they typically approve loans in minutes and pay the money over within one hour from approval. There’s no waiting around, no nail-biting – just quick and easy processes that result in quick cash!

Choosing the Best Quick Cash Loans in 2023

Consider the following when comparing quick-cash lenders to choose the best one for your needs. The quick-cash loan you choose should:

  • Carry a short loan repayment term so you can minimise your loan expense.
  • Be collateral-free, if possible.
  • Have a quick, easy, and online application process – just a few minutes is more than enough of your time.
  • Provide fast loan disbursement so you can meet all your financial obligations in a timely manner.

Eligibility Criteria for a No Credit Check Cash Loan

You can apply for a payday cash loan with Prontopaydays.com.au if you meet the following criteria:

  • You must have an Australian home address and be an Australian citizen or a registered permanent resident.
  • You must be at least 18 years of age.
  • Your income must be $350 or more per week.
  • If you receive Centrelink payments, they cannot be more than 50% of your income.
  • Although this is not the sole deciding factor in the loan application outcome, your credit history should be acceptable.

Examples of Quick-Cash Loans

Not sure what to expect when applying for an instant cash loan or bad credit cash loan with Pronto Paydays? Here’s a sneak peek at what to expect.

Lender Max Loan Loan Term Disbursement Fees
Swoosh Finance $5,000 12 months Same day 20% establishment 4% monthly fee
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

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

Advantages and Disadvantages of an Online Cash Loan


· Quick Cash Disbursement

If lender conditions are met, you will get the cash you need on the same day of application. Unlike traditional bank loans, there are no lengthy waiting periods.

· Small & Affordable Loan Amount

Repaying a small online cash loan is easy because the loan principal is small and affordable. However, if you successfully pay your first loan, the lender may consider increasing your allowable borrowing amount.

· Fast Online Loan Application Process

The entire loan application process usually takes only a few minutes to complete. Also, lenders have an efficient loan review system that can provide you with a decision within minutes. Thus, the entire process from deciding to apply for the loan to receiving the cash takes just a few hours – time well spent!

· No Interest on Small Loans

At Pronto Paydays, a small loan is a loan amount below $2,001. Although lenders charge a fixed monthly fee of 4% on quick-cash loans, this fee is not necessarily an interest expense. Instead, lenders refer to it as an account maintenance fee that keeps incurring until the entire loan obligation has been repaid. However, if you borrow more than $2,000, then lenders can charge an APR of up to 48%. Keeping your loan amount small can save you money in interest charges.


· Expensive Borrowing Option

Quick cash loans are among the most expensive forms of borrowing, as a fixed amount is charged on the loan principal with a monthly fee. Loans of over $2,000 can come with hefty interest rates attached.

Application Process for a Bad Credit Cash Loan

Most of our customers are delighted to find that our application process takes just five minutes and that a same day cash loan is one of the easiest things to apply for online.

To get a personal cash loan pronto, follow these steps:

Step 1: Determine How Much You Need

Determine the amount you wish to borrow and carefully check the repayment information. It’s better to borrow the amount you need and not the amount you want. The terms and conditions will vary depending on the lender, so be aware of that.

Step 2: Gather Your Documents

You will need to have the following documents on hand:

  • Proof of address
  • Payslip, bank statements and any other proof of income you have
  • ID (you can use your driver’s license or Medicare information)

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
  • Employment information
  • Banking information
  • Monthly expense list

Before hitting the “Apply” button, make sure that you’ve read the terms and conditions along with the privacy policy.

Step 4: Connect with the Lender

Once your application is received, it is up to our panel of lenders to decide if they can offer you a loan. If you are approved, the rest of the process is handled on the lender website. Don’t worry, we will direct you there. The lender may also contact you to finalise the process.

Step 5: Sign the Agreement & Get Paid

Lastly, the agreement between you and the lender must be signed. The lender will send you a copy of the agreement to read through the terms and conditions as well as the payment schedule and then sign. Once the application is finalised, the money is paid into your account to do with what you wish!


Can I Apply for a Cash Loan on Centrelink Payments?

Yes, if your Centrelink or government benefits do not exceed 50% of your overall income, then you can apply for a quick cash Centrelink loan at Pronto Paydays.

Do Quick Cash Lenders Accept Borrowers with a Bad Credit Rating?

Yes, most instant cash lenders are more concerned about the borrower’s ability to repay the loan by carrying out an affordability assessment. Although the borrower’s credit rating is considered during the application review process, it rarely has much impact on the outcome of the loan review process.

What is the Maximum Amount I can Borrow at Pronto Paydays?

While most lenders have a cap of $2,000 on quick cash loans, some do provide small cash loans of up to $5,000 and even $10,000.  The affordability of the loan based on your income and current expenses will come into play. The lender will only approve a loan amount that they deem appropriate, based on financial criteria determining your ability to pay back the loan.

Do Fast Online Loan Providers Allow Early Repayments?

Yes, most same day cash loan providers give borrowers the option to dispense their loan obligation early. However, some lenders might charge an additional fee if you settle your account early. Make sure you review the lender’s fee structure before proceeding with early repayments to ensure you aren’t charged additional costs.

How Much Time do Lenders Take to Review a Quick Cash Loan Application?

Normally, it only takes lenders a few minutes to respond with a decision on your application. If a decision is delayed, it’s usually to request further information or supporting documents.

How Quickly Will I Receive the Same Day Loan Funds?

Most instant cash lenders disburse the loan on the same day it is approved. In some instances, there is a 24 hour period to receive the funds.