$2,000 Loans Australia

Repayment terms can range from 16 days to 12 months. You can schedule your repayments to be weekly or fortnightly to align with your payday or Centrelink payment day. There are no hidden fees and no early repayment penalties. Because the monthly fee applies for each month of the term, choosing a shorter term reduces the total cost.

Use our online loan calculator to enter the amount you’d like to borrow and how long you’d like to take to pay it off. The calculator will then show your repayment schedule and the total amount payable before you apply.

If you need to borrow more than $2,000, a Personal Loan between $2,001 and $5,000 may be available.

The fees for a $2,000 loan under a Small Amount Credit Contract (SACC) consist of an establishment fee of 20% of the loan amount (charged once) plus a monthly fee of 4% of the loan amount (charged each month of the term). There is no annual interest rate.

Here are two loan examples:

Example 1: For a $2,000 loan over 6 months, the establishment fee is $400, and the monthly fee is $80 x 6 months = $480. The total fees are $880, and the total amount repayable is $2,880.

Example 2: For a $2,000 loan over 12 months, the establishment fee is $400, and the monthly fee is $80 x 12 months = $960. The total fees are $1,360, and the total amount repayable is $3,360. Note: Over 12 months, the fees add up to more than two-thirds of the amount borrowed.

See our full fee and cost breakdown

You can apply for a $2,000 loan as follows:

1. Enter the amount ($2,000) into the online calculator, plus 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.
2. Apply online or phone our friendly team on 1300 SURECASH (1300 787 322). Applications can only be made online or by phone.
3. Provide your income, expenses and personal details, along with proof of identity, and tell us the purpose of your loan.
4. Once you submit your application, the Sure Cash team will assess it against responsible lending guidelines and contact you with the outcome. If approved, you review and sign the contract. Once your contract is signed, funds are transferred to your account. While our team will act promptly, please bear in mind that your financial institution’s processing times may vary.

Before applying for a Small Amount Credit Contract (SACC) loan, there are other options to consider that may suit your situation better.

Here are four alternatives:

1. The No Interest Loan Scheme (NILS) offers zero-interest, no-fee loans up to $2,000 for eligible low-income Australians. NILS requires you to submit your quote with your application and, if approved, they pay it directly to the supplier/vendor. NILS loans are granted for essentials such as appliances or furniture, medical costs, car repairs, etc. They cannot be used for cash, bills, debts or rent.
2. Apply for a Centrelink advance payment. Eligible recipients can request an advance on their future Centrelink payments from Services Australia at no cost.
3. Ask the business you owe money to about a payment plan.
4. Free, confidential financial counselling. You can access the National Debt Helpline on 1800 007 007 to discuss your debt problems and solutions. You can also visit the government’s MoneySmart website for budgeting guidance.

Why choose us for a $2,000 loan? Sure Cash Finance is a family-owned Australian lender, licensed under Australian Credit Licence (ACL) 390591 and a member of the Australian Financial Complaints Authority (AFCA, member 43334). We have been in business since 2001. Applications are made online and by phone only.

Our friendly, trained staff assess each customer’s situation individually and provide support for our clients. We approach every interaction with a high level of care and understanding. That’s why our Google rating is 4.8 stars, based on over 454 customer reviews.

About Sure Cash Finance

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

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 the Moneysmart website.

You can also access the National Debt Helpline for free, confidential financial counselling on 1800 007 007.

If you are struggling with repayments, Sure Cash Finance has a hardship policy. If you require hardship assistance, contact our team to discuss your situation.

How much does a $2,000 loan cost?

The total cost depends on how long it takes to pay it off. There is an establishment fee of 20% of the loan amount (charged once) plus a monthly fee of 4% of the loan amount (charged each month of the term). Because the monthly fee applies for each month of the term, choosing a shorter term reduces the total cost.

For example, if the repayment term is six months, the total amount repayable would be $2,880 on a $2,000 loan.

If the loan term were, say, twelve months, the total amount repayable would be $3,360.

How long can I take to repay a $2,000 loan?

In accordance with SACC (Small Amount Credit Contract) guidelines, you have a maximum term of 12 months to repay a $2,000 loan. (The repayment terms for an SACC loan can range from 16 days to 12 months.)

Can I repay my $2,000 loan early?

Yes. There are no hidden fees and no early repayment penalties.

Will I definitely be offered the full $2,000?

This depends upon your assessment, which is performed according to responsible lending guidelines. The application could be approved (for the full $2,000) or declined, or you might be offered a lesser amount. Approval is never automatic or guaranteed.