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Payday Loans

When life throws a spanner in the works, it’s usually at the most inopportune time. These unexpected events always happen when you don’t have any spare cash or you didn’t budget for anything going wrong. When this happens, it’s easy to feel stressed and unsure of where to turn. A personal loan might not be an option for you and your savings are empty. So, what do you do? Where do you turn for help? The answer could be a payday loan Australia. Not sure what a payday loan is? We can help.

What is a payday loan?

A payday loan is a type of small loan that you can apply for if you need some spare cash in a short amount of time. A payday loan Australia is a small loan that is designed to help you cover costs in the event of unexpected financial shortages or unexpected costs that you didn’t budget for. In the event that you cannot cover costs yourself, a payday loan can help you out in the short term. They’re not supposed to be long term loans, and as such, they are typically for smaller amounts and shorter loan terms than your traditional personal loan.

Who can apply for a payday loan?

A payday loan Australia is a loan that many people can apply for. Eligibility criteria are simple so that the majority of individuals can apply. If you can answer yes to the following then you can submit an application today:

  • Are you an Australian citizen or permanent resident?
  • Are you at least 18 years old?
  • Do you have a personal phone number and email address?
  • Do you have at least 3 months of bank statements?
  • Do you have at least 3 months of work history or Centrelink benefits?

As you can see, the application criteria are simple. If you’re looking for a payday loan Australia and you meet the criteria, apply today for a fast outcome.

What can a payday loan be used for?

The beauty of a payday loan Australia is the fact that it can be used for a huge variety of reasons. They’re flexible and can be personalised to many different people and situations. If you need a quick payday loan to get you through some unexpected expenses, a payday loan might be the right option for you.

Payday loans - the pros vs. cons

As with any financial product, there are both pros and cons to a payday loan Australia. By knowing what these are you can make an informed decision when you do decide to apply for a payday loan.


  • They’re quick and easy to apply for - applications can be completed in just a few minutes and are usually 100% online.
  • Quick outcomes - you often get your outcome the same day that you apply
  • They’re convenient - payday loans are great options when you don't have time to save up or wait for traditional lenders to give you an outcome.
  • You can pay them off fast - many lenders allow you to pay your loan off early with no additional fees.


  • High fees - payday loans Australia can have high interest rates that can make the cost of the loan more expensive than many people realise
  • Possible to overuse - it’s possible to fall into a debt trap if you come to rely on payday loans too often.
  • Can affect your credit score - if you make too many applications for a payday loan or use them too often it can lower your credit score.
  • Hidden fees - some lenders will hit you with fees you might not have been expecting. Always be sure to check your contract before signing and be aware of all and any fees you could be charged. Do your best to avoid these by making your repayments on time.


Can I apply with poor credit history?

Yes, you can apply for a payday loan Australia if you have poor credit history. While a traditional lender may hesitate to lend to you if you have a bit of bad credit history, but not every lender is going to give you the instant no that you might expect from the nig lenders. Payday loans lenders understand that many people are going to have some bad credit history in their past. They also know that everyone deserves a second chance and are willing to provide it.

Instead of only focusing on your credit history to make their decision, many lenders will also take a look at your recent financial habits to get a good idea of how you're handling your current finances. This includes your repayment history, income, and other commitments. By looking at an overall snapshot of your current financial situation lenders are able to make an informed decision based upon your current banking habits.

Will my application be credit checked?

As a part of responsible lending practices, lenders may conduct a credit check on your application. This credit check is nothing to worry about though as your future lenders will also be taking into account your current banking habits when they make their decision. A credit check is just a part of their responsible assessment practices.

How long does it take to get approved?

Generally, you can expect to receive your outcome within 24-hours of submitting your application. If you make an application outside of business hours then expect to hear back from your lender the first thing next business morning.

How do I repay my loan?

When you are approved for a payday loan Australia, your lender will generally set your repayments up as an automatic direct debit in line with your payday. This means that you shouldn't have to do anything to make your repayments, they will be withdrawn from your account for you. All you have to do is ensure that there are sufficient funds in your account on the day of your repayment.

If you were thinking of paying your loan back early, you can generally call your lender and ask to make an extra repayment towards your loan. They will be able to make a payment with you over the phone.

Can my application be declined?

While we would like to help out as many people as we can, sometimes there are situations in which we are unable to offer a loan. This could be for any number of reasons. You may not have enough spare income to fit in repayments or you could be in default to another lender. It can also come down to you being overcommitted financially. If this happens, know that we did everything we could in our assessment and that declining an applicant is something we take seriously.

Can Centrelink recipients apply?

Yes, you can apply if you receive Centrelink benefits! We know that it can sometimes be pretty tough trying to get a small loan when you receive Centrelink. Many traditional lenders will automatically decline you while others won’t give you or your application the time of day that it deserves. We don’t think this is fair though. We believe that everyone deserves a chance to get the cash they need when they need it. We welcome applications from individuals receiving Centrelink as their full-time income or as a blended Centrelink/work income. Submit an application today and see if we can help you out.

Need a payday loan Australia?

When it comes down to needing extra cash, it can feel impossible to get a loan in such a short period. However, with a payday loan, it really is possible. Payday loans are fast, easy and convenient. They were designed to help make your life just that little bit easier and less stressful so that you can get back to the things that really matter. Rather than spending days or even weeks waiting on a traditional lender to finally give you an answer, submit an application for a payday loan today and see just how easy and fast it really is. So, why wait? Apply now!

8 Budawang Street, Parkinson, QLD 4115, Australia
( We do not accept physical applications at this address ).

The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on loans between $300 and $2000 is 199.43%. This comparison rate is based on a small amount credit contract of $1,000 repaid over 6 months. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan.

Loansbuddy.com.au is owned by Breezy Loans Pty Ltd ABN: 29 627 702 943, Credit Representative Number 514197 is licensed and provide credit services under Australian Credit License 389610. If we could not provide you credit, we will help to match your credit enquiry with another lender partner from our panel of lenders who we think may help you. Our panel of lender partners are licensed and follow responsible lending practice. We may receive referral fee if you decide to go with them once approved. However, they may ask you further information to assess your loan application where you can deal directly with that lender.The information on this website is general in nature and does not take into account your objectives, financial situation or needs & does not constitute any financial advice.We strongly recommend you take independent advice before choosing any loan product.

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