Small Cash Loans | 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.

Small Cash Loans

A SpeedyMoney Small Cash Loan is an unsecured loan, ranging from $200-$1600. Unsecured means that you don't have to lodge any security to obtain the loan. We make sure you can reasonably afford to repay it by reviewing your recent credit history, including 90 days of bank transactions. This is a requirement under recent legislation so every lender will ask you for the same information. But don't worry, the entire process is online and totally secure. There's no faxing or emailing of documents and definitely not having to front up at an interview! If you comply with our online process, an application takes around 5 minutes during business hours, we usually have paid your loan in under 61 minutes.

Need a Small Cash Loan today?

All you need to do is click on the Apply Now button and follow the prompts for your Small cash Loan. You can have your money on the same day and when it's paid off, logon and be approved for an even faster loan. Our service is simple and transparent, exactly how you want it to be. Our establishment fee is 20% and there is a monthly fee of 4%, nothing more. Although if you do miss a payment, there are additional fees.

There are also additional benefits of being a SpeedyMoney customer. Once a customer we offer you a client login area where you can view existing loans and repayment dates, apply for new loans, amend your details, see your loan history and take advantage of any special promotions.

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 at customerservice@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%.

Loan Term

Minimum Loan Term: 61 Days
Maximum Loan Term: 12 Months

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.