Pay Day Loans

Pay day loans are a form of unsecured personal loan where both the term and the amount of the loan are both small. Despite the name, the repayment instalments may or may not be tied to the borrower’s income pay day.

The table below compares a selection of pay day loan providers available in the market. We have selected the providers which have information publicly available to be included in the table. The information about the pay day loan providers in the table is as at the 5th of December 2019. We will not be actively updating the list so not all products may be available and features may have changed. Please note that products have been sorted alphabetically, A to Z, by company name.

While best endeavours have been made to reflect accurate information, this information should not be solely relied upon. For further details, Canstar suggests getting in touch with the provider, accessing the information available on their website and consulting professional advisers as required. Always read the loan information documentation and consider whether the product makes sense for your financial circumstances. Canstar does not rate pay day loan providers and makes no recommendation about comparative features and benefits with respect to these products. 

Brand Name Min Term Max Term Min Loan Amount Max Loan Amount Apply Online Fees
Buddy Loans 1 month 12 months $100 $5,000 Yes For loans up to $2,000 for up to 1 year, there is a 20% establishment fee and 4% per month charge
For loans up to $2,000 for 1 year to 2 years, there is a 4% per month charge
For loans from $2,000 to $5,000 for up to 2 years, there is a $400 establishment fee and 4% per month charge
Cash Australia 16 days 12 months $100 $2,000 Yes 20% of amount borrowed, 4% of amount borrowed monthly fee
Cash Converters Loans 4 weeks 6 weeks $50 $2,000 No 20% of amount borrowed, 4% of amount borrowed monthly fee
Cash Direct 6 months 6 months $600 $2,000 Yes 20% of amount borrowed, 4% of amount borrowed monthly fee
Cash n Go 1 month 3 months $100 $2,000 Yes 24% of amount borrowed
Cash Now Ferntree Gully 16 days 45 days $100 $500 Yes 20% of amount borrowed, 4% of amount borrowed monthly fee
Cash Smart 9 weeks 24 weeks $300 $2,000 Yes 20% of amount borrowed, 4% of amount borrowed monthly fee
Cash Stop 3 months 24 months $3,000 $5,000 Yes 20% of amount borrowed, 4% of amount borrowed monthly fee
Cash Today $100 $500 Yes 20% of amount borrowed, 4% of amount borrowed monthly fee
Cash Train 10 weeks 3 months $200 $2,000 Yes 20% of amount borrowed, 4% of amount borrowed monthly fee
Champion Money 5 months 5 year $15,000 Yes 48% of amount borrowed (maximum)
City Finance 12 weeks 52 weeks $500 $5,000 Yes 20% of amount borrowed, 4% of amount borrowed monthly fee
Clear Cash $500 $3,000 Yes 47.8% of amount borrowed
Club Money 61 days 365 days $250 $5,000 Yes 20% of amount borrowed, 4% of amount borrowed monthly fee
Credit24 6 months 12 months $500 $2,000 Yes 20% of amount borrowed, 4% of amount borrowed monthly fee
Easy Financing 1 month 12 months $300 $5,000 Yes Up to $400, 4% of amount borrowed monthly fee
Fair Go Finance 6 month 18 months $500 $2,000 Yes 20% of amount borrowed, 4% of amount borrowed monthly fee
Ferratum 3 months 6 months $500 $1,900 Yes 20% of amount borrowed, 4% of amount borrowed monthly fee
GetPaidToday 1 month 12 months $100 $2,000 Yes 20% of amount borrowed, 4% of amount borrowed monthly fee
Good to Go Loans 4 weeks 52 weeks $500 $2,000 Yes 20% of amount borrowed, 4% of amount borrowed monthly fee
Jacaranda Finance 12 months 12 months $300 $2,000 Yes 20% of amount borrowed, 4% of amount borrowed monthly fee
MiFinance 3 months 6 months $500 $5,000 No 20% of amount borrowed, 4% of amount borrowed monthly fee
Money Plus 13 weeks 21 weeks $100 $2,000 Yes 20% of amount borrowed, 4% of amount borrowed monthly fee
Monzi 12 months 12 months $300 $2,000 Yes 20% of amount borrowed, 4% of amount borrowed monthly fee
MyCashFinance 12 months 12 months $1,600 $5,000 Yes
Nimble 62 days 9 months $300 $2,000 Yes 20% of amount borrowed, 4% of amount borrowed monthly fee
Quick Cash 62 days 90 days $200 $2,000 Yes 20% of amount borrowed, 4% of amount borrowed monthly fee
Speedy Cash Loans 12 months 12 months $300 $2,000 Yes 20% of amount borrowed, 4% of amount borrowed monthly fee
Speedy Finance $300 $5,000 Yes 20% of amount borrowed, 4% of amount borrowed monthly fee
Spotme 1 month 3 months $250 $1000 No 20% of amount borrowed, 12% of amount borrowed monthly fee
SRG Finance 3 month 12 months $3,000 No
Sunshine Loan Centres 9 weeks $200 $2,000 Yes 20% of amount borrowed, 12% of amount borrowed monthly fee
Swift Loans 10 weeks 52 weeks $300 $4,500 Yes 20% of amount borrowed, 12% of amount borrowed monthly fee
The Money Centre 62 days 52 weeks $100 $2,000 Yes 20% of amount borrowed, 12% of amount borrowed monthly fee
Today Loans 6 months 36 months $500 $3,000 Yes 20% of amount borrowed, 12% of amount borrowed monthly fee