Easy Cash Loans for Australians – Available Online 24/7

Q: How can I borrow money immediately?

You can borrow money immediately by applying for an instant loan through Friendly Finance. We connect you with lenders who offer fast approval and same-day funding options, depending on eligibility.

Q: What is the best way to get a loan?

The best way to get a loan is by comparing different lenders and choosing one that offers the best terms for your needs. Friendly Finance helps you find competitive loan options quickly and easily.

Q: Will my credit score get affected when I apply for a loan through Friendly Finance?

No, using Friendly Finance to compare loan options does not impact your credit score. However, submitting a formal loan application with a lender may result in a credit enquiry, which could affect your score.

Q: Can I still get a loan if I have bad credit?

Yes, you may still be eligible for a loan with bad credit. Friendly Finance partners with lenders who offer flexible loan options for borrowers with different credit histories.

Q: Are my details secure with Friendly Finance?

Yes, we take privacy and security seriously. Friendly Finance uses secure encryption and data protection measures to ensure that your personal information remains safe.

Q: How quickly can my loan be approved?

Loan approval times vary by lender, but many of our partners offer same-day or next-day approval if you meet their eligibility requirements.

You can borrow from $300 up to $15,000.

Apply now and have an approval decision within minutes

Apply and get approved online
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Over 100,000 people helped in 2024

Welcome to Friendly Finance!

Whether you need instant access to cash, personal loans, or debt consolidation options, our streamlined application process provides you the support you need without delay. Check out our range of tailored lending options today and you’ll surely find a solution that best fits your unique financial situation.

100% online

Loans online, all day, everyday. No paperwork, no calls. Free to apply online to get an instant decision.

Easy Application

Fill in our short application form to gain access to major lenders in Australia through one application.

Fast approvals

If you meet the minimum eligibility requirements, loan approval can be lightning fast!!

Why Choose Friendly Finance?

Instant Online Cash Loans

We offer a variety of loan types to cater to different needs, including personal loans, payday loans, and loans for those on Centrelink. Our loan amounts ranges from $2,001 to $15,000, with flexible terms making it easy to find a solution that fits your budget and lifestyle.

Fast Approval Personal Loans

Choose between our secured or unsecured personal loans that are designed to provide financial relief when you need it most. With loan amounts up to $15,000 and flexible repayment plans, our personal loans are an excellent option for funding life’s bigger expenses.

Quick Cash for Urgent Needs

For short-term financial needs, our payday loans offer a quick and easy solution. Borrow small amounts to cover immediate expenses; with repayment terms of 16 days up until a year. It’s a straightforward process with fast approval times, ensuring you get help precisely when it’s needed.

Centrelink Recipient Loans

Everyone deserves access to financial assistance, including those receiving Centrelink benefits. Several lenders in our network offer loans that cater to Centrelink recipients provided your Centrelink income is not more than 50% of your total income.

Small Loans for Vacation

Need a little extra cash for the holidays or an upcoming family vacation? Check out our small cash loans that are perfect for covering gifts and minor expenses without the burden of a large debt.

Loans for People with Bad Credit

A less-than-perfect credit score shouldn’t prevent you from getting financial help. Our bad credit loans and no credit check loans are for those who faced financial difficulties in the past but are currently in a stable position to manage loan repayments.

Am I eligible for a loan through Friendly Finance?

To ensure a seamless loan application process here at Friendly Finance, please make sure you meet the minimum eligibility requirements. This includes the following:

Be an Australian citizen or a registered resident of the country
Have an Australian home address
Have a contact number or email address
Have a valid form of ID
Currently employed or earning at least $350 per week
Derive more than 50% of your income from sources other than Centrelink
Be willing to undergo a credit check (Bear in mind, there are many lenders who provide loans to individuals with bad credit)
Have proof of income (payslips, bank statements)

If you answered ‘Yes’ to all, you can start filling out our application form!

Loan Eligibility Requirements - Friendly Finance

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How to apply for a loan at Friendly Finance

Our loan application process is quick and easy as ONE, TWO, THREE. Simply follow the guidelines below.

Loan Information

Small Loans

Loan Amount

$300 - $2,000

MIN

3 months

MAX

12 months

Cost

20% upfront establishment fee + 4% monthly fee
(Comparison rate 199.43%) based on $1,000 repaid over 6 months.

Representative Example

Loan amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly instalments of $57.60. Maximum charges: 20% Establishment Fee & 4% Monthly Fee. In comparison rate terms, the maximum comparison rate may be as high as 199.43%

Medium Loans

Loan Amount

$2,001 – $5,000

MIN

13 months

MAX

24 months

Cost

Maximum charges: 48% interest rate and a $400 establishment fee (Comparison rate 66.07%) based on $2,500 repaid over 24 months.

Representative Example

Loan amount of $2,500 over 24 months repayable monthly (24 monthly repayments). $2,500 (Principle Amount) + $400 (Establishment Fee) + $1,664.80 (reducing interest) = $4,564.80 total repayable over 24 months with monthly instalments of $190.20.

Large Loans

Loan Amount

$5,001 +

MIN

13 months

MAX

72 months

Cost

Maximum charges: 48% comparison rate based on $10,000 repaid over 36 months.

Representative Example

$10,000 borrowed over 36 months repayable monthly (36 monthly repayments). $10,000 (Principle Amount) + $9,038.96 (reducing interest) = $19,038.96 total repayable over 36 months with monthly instalments of $528.86.

Warning

This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. The information on this web page is general information. The information does not take into account your objectives, financial situation or needs. Credit criteria, fees, charges, terms and conditions apply. Products and rates displayed are subject to the individual borrower’s credit assessment. Examples only provide an estimate and are used for illustrative purposes only, not an offer for credit. The amount you can borrow, the interest rate and fees you receive along the product you qualify for may vary.

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Why should you apply for a loan through Friendly Finance?

When you use Friendly Finance, we deliver your loan request to our comprehensive network of reputable and trustworthy lenders in Australia. And the best part about our service is that you only need to fill-out one application form.

With Friendly Finance, we help you save the time and effort you usually need when you reach out to different lenders separately. After submitting your application, you’ll receive a loan match decision within a few minutes. The final loan decision will depend on the lender’s processes, but can often be approved the same day. And depending on your bank, you may even get the money in your account within the hour after it is approved.

Types of loans to choose from

Payday Loans

Instant Cash Loans

Small Loans

Same Day Loans

Cash Loans

Short Term Loans

Quick Loans

Bad Credit Check Loans

Personal Loans

No Credit Check Loans

Features and Benefits of Online Loans with Friendly Finance

Convenience and Accessibility

One of the primary features of online loans in Australia is their accessibility. Through Friendly Finance, applicants can complete the entire loan process from the comfort of their home or on-the-go using a mobile device. This is particularly beneficial for those living in remote areas or for individuals with busy schedules who may find it challenging to visit a bank during regular business hours.

Rapid Processing and Disbursement

Here at Friendly Finance, we aim to provide online loans that have quick processing times. Most lenders in our panel offer decisions within the same day and if approved, funds can disbursed the same day in some instances. The time it takes to receive your funds will depend on your banking institution. This rapid turnaround is crucial for emergencies or when immediate cash is needed.

Flexible Loan Amounts and Terms

Our panel of lenders typically offer a range of loan amounts, from small micro-loans to larger sums, suitable for bigger financial needs. Repayment terms are also flexible, allowing borrowers to choose a schedule that best fits their financial situation, which can help in managing their budget more effectively.

Minimal Paperwork

The need for physical paperwork is significantly reduced with Friendly Finance online loans. Most of the time, all necessary documents can be submitted online. This streamlined process not only speeds up the application process but also simplifies it, making it less daunting for many borrowers.

Transparent Fees and Conditions

Reading and understanding the fine print in your loan agreement is very important before agreeing to sign up for a loan. At Friendly Finance, you won’t need to worry about hidden fees and charges as our panel of lenders are known for their transparency. We make sure that you will be well aware of any other associated fees included in your loan before the agreement is signed.

Loans that are $2,000 or smaller should come with 0% interest but incur a 20% one-off establishment fee as well as a 4% monthly fee. These are the maximum allowable charges by law on loans up to $2,000 in Australia. Some lenders may reduce their establishment and monthly fees to make their packages more enticing.

If you apply for a personal loan amount to $2,001 and above, your fee structure is going to look a little different than that of small amount loans. You will most likely pay an establishment fee of $400 and then an APR (Annual Percentage Rate) interest of up to 48%.

Possible additional charges may include but are not limited to the following:

Early settlement penalty
Late payment penalty
Collection fees if the lender has to hire a debt collector to recover funds

Important note: Make sure to always read your loan agreement thoroughly before signing the contract. It is crucial for you, as a borrower, to understand all the charges included in the loan you are applying for.

Reputable Lender Panel

Here at Friendly Finance, we pride ourselves with the quality of lenders included in our network as they are known to have a good reputation both in the type of service they provide and how trustworthy they are as a lender.

Nonetheless, we still encourage our customers to do their due diligence before signing their loan agreement. In this way, disputes will be avoided and miscommunication will not be the cause of delay when trying to acquire for your loan.

Remember that a reputable and legitimate lender will always have a valid credit license in Australia; this is referred to as an Australian Credit Licence (or ACL) and it should always be displayed on their website. Aside from this, they make their contact details readily available on their website. Make sure that there is a way to call the lender and chat directly with them. Checking the online reviews can also be a great way to determine if the lender is reputable or not. Visit their social media pages and read feedback on review websites to know who you are getting into a financial agreement with before signing your contract.

Frequently Asked Questions

Don’t see what you had in mind? You can reach out to us via our contact form or email us at info@friendlyfinance.com.au

How can I borrow money immediately?

If you have an unexpected expense that you need to pay off as soon as possible, you might want to consider taking a short-term loan. These loans allow you to borrow between $50 to $2,000 and can be repaid in as little as 16 days. Depending on the lender, you can get your money in 6 hours or even less.

What is the best way to get a loan?

The best way to get a loan is to apply for a loan online. Friendly Finance connects you with multiple lenders through one application form, saving you time.

There are many benefits of applying for a loan online. You can compare the different lenders and choose the best one for your needs. You can also do it in a few minutes instead of going from one place to another or filling out forms and waiting for days or weeks for an approval letter from each lender. This way, you save both time and money.

Will my credit score get affected when I apply for a loan through Friendly Finance?

No. Friendly Finance does not do any credit checks in the pre-approval process. This means that your credit score will not be affected in any way when you apply through our platform. However, the lender you will be matched with may do a credit check as part of their assessment.

Can I still get a loan if I have bad credit?

Yes, it’s possible to get a loan in Australia even if you have bad credit. Many online lenders focus less on traditional credit scores and more on your current ability to repay the loan. They consider factors such as your current income, expenses, and other financial commitments. This means that even if your credit history isn’t perfect, you might still qualify for certain types of loans, like bad credit personal loans or payday loans.

Are my details secure with Friendly Finance?

Here at Friendly Finance, we collect, hold, use, and disclose information that is reasonably required to offer and provide our financial services. We aim to collect information directly from you in the most practical way possible, to ensure that your details and accounts are secured, primarily through secure online forms. We also retrieve bank statements through a secure, read-only platform to keep your data safe and secure.

How quickly can my loan be approved?

The time it takes to process a loan application depends on the type of loan you’re applying for.

On average, unsecured personal loans, since no collateral is used as security for the loan, can be approved within the same day if all necessary requirements are met. However, lenders may need longer to do additional checks and ask additional questions. For secured personal loans, it may take longer as lenders need to appraise the personal asset being used as security. Applying for payday loans is faster, but the final approval will depend on the affordability assessment of the borrower. In most cases, the approval for payday loans can be done the same day.

Get your quick cash loan today!

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