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Apply now and have an approval decision within minutes
Same-day or next-day approval, with funds disbursed within 24 to 48 hours.
Emergency loans in Australia are also available to individuals with bad credit or low income.
Some emergency loans offered in Australia provide a "no credit check" emergency loan, focusing on the applicant's ability to repay rather than their credit history.
The establishment fees for emergency loans should not exceed 20% of the total amount borrowed.
The maximum monthly fees associated with emergency loans will not exceed 4% of the total loaned amount per month.
All charges to be imposed in the event of borrower default and late payment should not exceed 200% of the total loaned amount.
Fees and costs associated with our emergency loans are highly regulated by the Australian Securities and Investments Commission (ASIC).
Here at Friendly Finance, we aim to provide you the hassle-free experience in acquiring the funds you need.
It will take you less than 5-minutes to accomplish, and the process is 100% online. Skip the inconvenience of multiple loan applications. We’ll do the heavy lifting for you!
Once your application is received, we will search the market for your lender match and you will be notified immediately when they decide that they can offer you a loan.
Always review the details of your contract before signing. You have to make sure you understand all possible fees associated with your emergency loan.
You may be able to receive your money the same day you apply. Some lenders will disburse the loan funds immediately after approval, but whether you receive them the same day will also depend on how quickly your bank processes payments.
Emergency loans are a type of financing that allows you to borrow a certain sum of money to pay for an urgent expense. While there are a few different kinds of emergency loans, most loans have flexible repayment terms.
Emergency Personal Loans
You can borrow any amount starting from $2,000 up to $15,000 with a personal loan. This is ideal for borrowers who require larger sums of money that can be repaid over longer periods of time, typically between 1 and 7 years.
Emergency Payday Loans
Payday loans are a type of finance that provides short-term loans with repayment periods as little as 16 days up to 12 months, often ranging from $50 to $2,000.
Looking for funds due to a sudden expense?
Am I eligible for an emergency loan?
- You have to be an Australian citizen or a permanent resident of Australia
- You have to be at least 18 years of age
- You are currently receiving a regular monthly income
- You have 90 days of bank statements or an active bank account
- You have a good credit score
Emergency Loans: 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
Can you get an emergency loan with bad credit?
How do I choose the right lender?
Compare loans from at least two different lenders based on the amount you can afford to borrow. To choose the best lender for you, compare the interest rates, costs, and features of the loan they offer. You should look for the most affordable interest rates, fees, or reasonable and flexible repayment terms.
How long do I have to pay the money back?
Emergency loans can be repaid between 16 days to 7 years, depending on how much you borrow. For payday loans or loans that are up to $2,000, you can get up to 1 year to repay the loan, while for personal loans or loans up to $15,000, you can get a maximum repayment term of 7 years.
How does repayment of an emergency loan work?
Depending on the type of loan you applied for, repayment terms range from 16 days to 7 years after the loan was issued but it would also still depend on the amount you borrowed. Lenders will automatically debit the repayment amount from your account. All you need to do is ensure you have enough funds on the given dates.
How can I get a loan in an emergency?
The best way to get an emergency loan is to apply for a loan online. At Friendly Finance, we can connect you with multiple lenders through one application form that can save you time. It only takes a few minutes and the application is free, with no obligation to take out a loan if you are matched with a lender.
