Short Term Loans Australia
WHAT ARE SHORT TERM LOANS?
People use short-term loans for a wide range of one-off costs. These are loans that are repaid over a shorter period than a traditional long-term personal loan or mortgage. For example, many short-term loans in Australia can be repaid in as little as 16 days or as long as 24 months, depending on the lender.
At Sure Cash Finance, we are a licensed Australian lender and provide short-term Cash Loans and short-term Personal Loans as follows:
- Our Cash Loans are also known as Small Amount Credit Contract (SACC) loans and range from $300 to $2,000.
- Our Personal Loans, known as Medium Amount Credit Contract (MACC) loans, cover loan amounts from $2,001 to $5,000.
Every application to Sure Cash Finance is individually assessed under our responsible lending obligations, regardless of the loan length or amount.
WHO CAN APPLY?
Any Australian, aged 18 or over, with a regular income may apply for short-term loans. Income can come from wages, self-employment or eligible government payments. This can include:
- Loans for People on Centrelink (such as those receiving JobSeeker payments, Disability Support Pension payments, Carer payments, and Parenting payments)
When applying for short-term loans, bear in mind that all applications are assessed individually in accordance with responsible lending guidelines and approval is never guaranteed or automatic.
FAST
LOAN APPROVALS
We understand our customers need funds quickly, so we provide fast approvals for our customers to help them receive the funds as soon as possible.
FLEXIBLE
PAYMENT TERMS
We offer flexible payment terms to suit our customer’s needs. There are no early payout fees if you choose to payout your loan sooner.
Fast Cash Loans
$300 – $5000
RELIABLE
SERVICE
Our trained staff provide a high standard of customer service. We help our customers find a financial solution to suit their needs.
AMOUNTS AND TERMS
As short-term lenders in Australia, we understand that everyone’s financial circumstances are different. Sure Cash Finance offers two specific loan options ranging from $300 to $5,000:
- Cash Loans – also known as Small Amount Credit Contract (SACC) loans. These loans are fully unsecured (no collateral required) and range from $300 to $2,000. The repayment terms can vary from 16 days to 12 months.
- Personal Loans – also known as Medium Amount Credit Contract (MACC) loans. These cover loan amounts from $2,001 to $5,000 and have a repayment period up to 12 months. Whether an MACC loan requires security is assessed on a case-by-case basis. Some applicants can obtain an unsecured loan within this range, while others will need to provide security.
WHAT DOES IT COST?
Your Cash Loan (Small Amount Credit Contract – from $300 to $2,000) fees consist of an establishment fee of up to 20% of the loan amount plus a monthly fee of up to 4% of the loan amount.
Here is a loan example:
For a $1,000 loan over 6 months, the establishment fee would be up to $200 and the monthly fee up to $40 per month – a maximum total cost of $440 over the loan term.
Your Personal Loan (Medium Amount Credit Contract – from $2,001 to $5,000) fees consist of a $400 establishment fee, which is flat regardless of the loan amount, plus interest at 48% per annum.
HOW TO APPLY
You can apply for short-term loans throughout Australia as follows:
- Apply online or phone our friendly team on 1300 SURECASH (1300 787 322). Applications can only be made online or by phone.
- Enter the amount you’d like to borrow and the amount of time to pay the loan off. The calculator will then show your repayment schedule (weekly and fortnightly) and the total amount payable.
- Provide your income and personal details, along with proof of identity and tell about the purpose of your loan.
- Once your application is submitted, the Sure Cash team will assess it against responsible lending guidelines and contact you with the outcome. If approved and your contract is signed, funds are transferred to your account. While our team will act promptly to provide a fast assessment, please bear in mind that your financial institution’s processing times may vary.
WHY SURE CASH FINANCE?
Why choose us? Sure Cash Finance is a family-owned Australian lender (Australian Credit Licence 390591) with over 20 years in business. We understand why people sometimes need a short-term loan for a one-off cost. That’s why our Google rating is 4.8 stars based on over 454 reviews from our customers.
Our friendly staff assess every situation personally and provide support for our clients. We approach every interaction with a high level of care and understanding.
As a member of the Australian Financial Complaints Authority (AFCA, member 43334), Sure Cash Finance is committed to fair dispute resolution.
WHICH SHORT TERM LOAN DO YOU NEED?
Here are our four main categories of short-term loans:
Same Day Loans – when you need funds assessed on the same business day.
Emergency Loans – for an unexpected urgent expense.
Bond Loans – when you need a rental bond.
Cash Advance – when you need a short-term top-up.
BEFORE YOU BORROW
Borrowing is not always the right choice for everyone. For one thing, it costs money, and there might be other options that are better suited to your individual situation. A government service for anyone seeking financial guidance or to make better-informed decisions is moneysmart.gov.au.
WARNING: Do you really need a loan today? It can be expensive to borrow small amounts of money and borrowing may not solve your money problems. Check your options at: moneysmart.gov.au
You can also access the National Debt Helpline on 1800 007 007.
If you are experiencing financial hardship, Sure Cash Finance has a hardship policy. If you require hardship assistance, contact our team to discuss your situation.
FAQ’S
What Is a Short Term Loan?
These are loans that are repaid over a shorter period than a mortgage or longer-term personal loan. Short-term loans in Australia can be repaid in as little as 16 days or as long as 24 months, depending on the lender and the amount being borrowed. These loans are regulated by ASIC, and short-term lenders in Australia must hold an Australian Credit Licence.
How Much Can I Borrow with a Short Term Loan?
There are two types of regulated short-term loans:
- Small Amount Credit Contract (SACC) loans from $300 to $2,000. These have typical repayment terms ranging from 16 days to 12 months.
- Medium Amount Credit Contract (MACC) loans from $2,001 to $5,000. Terms can vary from 16 days to 24 months, depending on the lender.
Is a Short Term Loan the Same As a Payday Loan?
A short-term loan broadly refers to any loan paid back relatively quickly (as opposed to a more traditional personal loan). While payday loans fall under the general category of short-term loans, not all short-term loans are payday loans.
Regarding payday loans, Sure Cash Finance is a licensed Australian credit provider (ACL 390591) operating under responsible lending laws, rather than an unregulated payday lender.
Payday loans are regulated as Small Amount Credit Contract (SACC) loans with terms from 16 days to 12 months.
