Payday Loan Frequently Asked Questions

Do I qualify for a payday loan?

Payday Online works with several lenders. The lending criteria varies slightly for each one. However the basic conditions are:

• You are over 18 years of age
• You have a steady income (not social security or pension or self-employed)
• You have an active bank account
• You have a permanent Australian address

What is a payday loan?

A payday loan is an advance on your salary. The amount you can borrow depends on your income level and your pay frequency. Loan amounts normally range from $100 to $1500 dollars and are repaid over a couple of weeks. A payday loan is perfect for short term cash needs. It’s not recommended as a long term loan solution.

An online payday loan is the fastest and most convenient form of finance. You can apply online in 5 minutes and you get an instant loan decision. Most of the lenders we work with transfer the money into your account in just 60 minutes. Others do overnight transfers. Money is then available the next business day. Apply here.

How much can I borrow?

Payday loans normally range from $100 to $1500. The quickest way to find out how much you can get is to apply.

When we know how much you need and what your current situation is, we can easily match you with a lender that can offer you the requested amount. Sometimes, they may need to offer you a lesser amount. However, once you’ve repaid your first loan you’ll be able to borrow more.

How much does a payday loan cost?

Don't worry, all this convenience won't cost you the earth.

We will match you with one of our partner payday lenders; Cash Doctors, Dollars Direct or Payday Mate. They are the most competitive in the industry. We act as a broker to these lenders so you only have to fill out an application once.

Payday loans normally range from $100 to $1500. We'll match you with the lowest priced lender that suits your lending amount. Below are the prices of the lenders we refer to. Please note that these prices are subject to change.

Cash Doctors
Your first cash advance costs just 1 cent - you repay just 1 cent more than you borrow.
After that, when you take out an advance, regardless of the amount, it's simply a $45 fee. Then $30 for each week you have your cash advance.

Dollars Direct
For amounts between $125 and $375 you pay a brokers fee of $25 per every $100 borrowed.
For amounts between $400 and $2000 you pay a brokers fee of $27.50 per every $100 borrowed.

PaydayMate
There is a $1 loan administration fee and a $28.98 broker fee applied to each $100 you borrow. This means you will pay a flat fee of $29.98 for each $100 you borrow.

What happens after I fill out the application form?

After you complete the application form our system will match you with the most favourable lender. Your details are then securely transferred to their database and they will present you with a preliminary loan offer. This will highlight your repayment schedule and the total cost of the loan. To accept the loan offer you simply sign their online contract by ticking a box. The lender performs a quick detail verification check and if everything is ok the money is transferred into your account.

Can I still get a cash advance if I have a bad credit history?

We only deal with responsible lenders. All our lenders perform credit checks, however, they are more relaxed than banks and other financial institutions. If you have been bankrupt, have an extremely bad credit history or are in a part nine debt agreement you probably won’t be successful. If you’ve only forgotten to pay a few telephone bills then you should be fine.

Do I need any documents or paperwork to apply for a payday loan?

No. All the lenders we work with are online and no faxing is required.