Same Day Loan up to $1600 Approved Online | SpeedyMoney

We've changed our name to Quickcash!

When you apply or login from Speedymoney you will be directed to the Quickcash website and will be prompted to update your password. In future you can go either straight to Quickcash or via Speedymoney.

While we've changed our name, we've improved our online offering and increased our maximum loan to $2,000.

Thank you for your support and we apologise for any inconvenience caused.

How much do you want?

$200

$1600

Repayments:

Total Repayment:

Final Repayment:

Please Note: Calculator results are illustrative only.

Same Day Loans

What is a SpeedyMoney Same Day Loan?

If you need the money today, and you can't wait until tomorrow, then you need to speak to Speedymoney. We offer small online loans from $200-$1600 completely online. It only takes under 5 minutes to complete the application form and you can be ready in as little as an hour to buy that special something you've been wanting, or pay that bill you've been putting off for a while.

Same Day Loans are becoming better known in Australia as  a convenient way of obtaining credit in a fast, hassle-free process that's totally online. The repayments are aligned with your pay day to make budgeting easier and freeing you of the worry of remembering when your next payment is due.

So how do we do it? SpeedyMoney has invested in some of the most advanced systems available today to ensure that when you need money, we can get it to you fast. We do this by verifying the information you send us in a highly secure way, minus the paperwork. The entire process is online and we keep you informed every step of the way.

Same Day Loans are processed during business hours on the same day as the application. Same Day Loans are paid on approval and depending on who you bank with you will receive the money on the same day. The Same day Loan service mainly benefits customers who bank with one of the major banks. Most major banks advise that crediting incoming funds to a customer's account can take 2 - 4 business hours, however you must also bare in mind that banks process incoming transactions up to certain cut-off times. So to get your funds on the same day make sure you are approved early!

Same Day Loans cost the same as all our other loans, as detailed below, and are repaid in equal installments, matching the days that your receive your income, over the term of the loan.

Responsible Lending

To comply with our responsible lending obligations, we check your financial situation to make sure you can afford it and don't suffer any undue hardship. We do however rely on the information you allow us to see, so it's important to be accurate with your application.

Our loans are available to you if you're a resident of Australia, over 18 years of age, you're employed and have a regular income stream. What's more, they're also affordable. Current legislation has placed a cap on the fees we can charge, so you're not going to wake up one day with a huge debt over your head. Our establishment fee is 20% and there is a monthly fee of 4%, and that's it. We debit your bank account directly on the scheduled date so you don't have to worry about taking time out to send a payment. We also usually schedule it on your payday, much like a payday loan, to ensure the funds are available.

And remember if you are finding it difficult to meet your repayments, contact us as soon as you can so we can work out a plan that works for you. If you have any questions, please don't hesitate to contact us on 1300 271 902 or at customerservice@speedymoney.com.au.

Need a SpeedyMoney Same Day Loan today?

SpeedyMoney understands the need for Same Day Loans to be, well, paid on the same day, which is why our application process is brief and has a quick turnaround. However, we will still undertake all the necessary checks and be assured that any approved application meets the eligibility criteria.

We are one of the newest providers of Same Day loans in the Australian market. We offer loans from $200-$1600 over an average loan duration of 30 days. So, if you wanted to borrow $200 over a period of 4 weeks then the standard charge is a 20 % establishment fee and a monthly fee of 4% per month or part thereof. The total to be repaid is $248.

Please note there is no APR on this type of loan as there are fee based only.

What happens if things go wrong?

To comply with our responsible lending obligations and to ensure you don't suffer any undue hardship, we make certain inquiries about your financial situation before we give you a loan. However sometimes things don't go as planned and the result is a missed repayment. While we do have late payment fees, we are very willing to listen to you and often, especially if you've made contact, substantially reduce and even waive fees. If you do find yourself in this situation, please don't hesitate to contact us on 1300 271 902 or atcustomerservice@speedymoney.com.au.

The information that you need to provide to Speedymoney

As discussed above, Speedymoney will verify your identity, in some cases check your credit file, and require the most recent 90 days of transaction history from the bank account into which your income is paid. You do not have to send us paper copies of your bank statements – the easiest way to supply this information is to automatically download it via our online application. It's secure, takes less than a minute, and will require your online banking user name and password.

If you have more than one bank account where you are paid income, you must provide 90 days of statements for each account. This information helps us assess the affordability of the repayments for the loan.

Other information may be required depending on your credit history, if there are or have been any other loan repayments, or your income has been irregular.

What if I am on Centrelink benefits?

If the majority of your income comes from Centrelink, we will not accept you for a loan. There are specific rules for customers in this category limiting the amount of repayments to 20% of your income, and there are specialist credit providers that service this demand.

Are there extra fees and charges?

There are extra fees if you do fail to pay back your loan including a failed repayment fee of $35 each time a repayment is dishonoured or re-scheduled; a $50 collection fee if we have to send your loan to an external collection agency; and all collection agency fees (currently those fees are 20% of the outstanding balance referred to the collection agency).

Importantly, failing to repay a loan may result in a credit default listed against your name. The default can last up to 5 years and can adversely affect your chances of obtaining credit in the future.

What Happens If I Can’t Repay My Loan?

Importantly, contact us as soon as you realise you may have difficulty repaying us on time. Defaulting on payments can result in late fees and dishonour fees, also negatively affect your credit score. Be sure to make contact with us and we will do our best to avoid this occurring.

Annual Percentage Rate (APR)

Please note that our loans are simply fee based with no hidden fees or charges. As such they don't have an Annual Percentage Rate (APR). The maximum APR is 164.83%.

What Is The Cost?

Our costs are straightforward however if you have any questions about our fees, please don’t hesitate to contact us:

Establishment Fee: 20% of the loan amount
Monthly Fee: 4% of the loan amount

These loans are fee based and as such there is not calculated using an APR. However, this is an APR example:
If James got a $200.00 loan and paid it off over 62 days the APR would be 164.83%. His expenses would be $56 and the total amount repayable would be $256.00.