When we say we’re transparent, we mean it. We outline all costs and fees ahead of time, so there are zero surprises. You might be in need of a quick cash loan or something more substantial to help consolidate your debts. Whatever your situation may be, Swoosh has the solution with our simple loans, so you can get the cash you need without the long queues or lengthy paperwork.
Our payday loan rates and fees are simple and straightforward, but to make your life easier we’ve broken it down below.
Need a quick payday loan? Apply now with Swoosh
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Our payday loans rates and fees
We’ve broken down our payday loans rates and fees into a simple cost structure so it’s easy to understand.
| Online cash loan amount | $2,200 to $5,000 |
| Application Fee | $0 (even if your application is not approved) |
| Standard establishment fee | $400 |
| Other Fees | $16 (included in loan) |
| Annual Interest | 47% (Comparison Rate 66.0347%)** |
| Term length | 12 Months |
| Flexible repayment options | Weekly, fortnightly or monthly (based on your payday) |
| Direct debit dishonour fee | $35.00 debit dishonour fee may be issued if a scheduled payment is missed or returned unpaid |
Interest rates
Interest is calculated daily based on the outstanding balance. Our payday loan rates and fees always include the interest rates that are fixed for the loan term — so you know exactly what to expect. If a scheduled payment is missed or returned unpaid, we may issue a $35.00 debit dishonour fee.
- Interest rates are fixed for the loan term and are based on the outstanding balance.
- By dividing the annual interest rate by 365, the daily interest rate is determined.
- Comparison rates vary from 65-66% depending on the size of the loan
Keep in mind that you may incur additional fees and charges each time you miss a payment, and this may affect the length of your loan and therefore change your payday loan cost.
Direct debit dishonour fee
A $35.00 debit dishonour fee may be issued if a scheduled payment is missed or returned unpaid. You must still continue to pay the usual interest charges as described.
3 easy steps to success
We keep things straightforward at Swoosh. There are only 3 steps to our fast loan process:
1. Complete an online application after reviewing our payday loan rates and fees. Applications only take minutes.
2. Approval of your loan is provided soon after receiving your information (during business hours)*. The decision will arrive promptly — right in your inbox.
3. After approval, an offer is sent to you via email. Once you’ve electronically signed the contract, we’ll send the money directly to your bank account!
Loan repayment schedule
All repayments are scheduled in alignment with your pay days — so you have less to worry about. Repayments are direct debited from your bank account overnight.
To view your repayment schedule, contact us directly today.
Eligibility criteria
We’re here to make life a little less stressful. That’s why we only require 4 criteria:
Be over 18 years old
Permanent Resident or a valid visa holder of Australia
Employed for at least 3 months
Own a vehicle registered in your name
If you meet these requirements, apply for a loan online now for a speedy answer.
Remember that applications can be paused or stopped at any time — there are no obligations resulting from the application and no application costs.
When would I need a payday loan?
Life can throw all sorts of challenges at you, which is why we at Swoosh have the loans ready in case you need cash fast. You might need a loan for car repairs, or perhaps a short term loan to consolidate credit card debts and personal loans. Whatever the situation may be, Swoosh will have the loan offer to help you through.
Why choose Swoosh?
At Swoosh, we are upfront and honestly, making our online loans simple to understand and quick and easy to complete. That’s why we’ve mapped out all of our payday loan rates and fees in an easy to read format.
We know how to make things happen fast — without sacrificing security and ease of service.
Our customers love Swoosh loans because:
- We offer a simple online application process (it only takes minutes)
- We provide fast approval and direct deposits to your bank account
- We are a 100% online service that offer a smooth, simple and secure service
- We have a top-notch customer care team, based right here in Queensland
A truly responsible lender
At Swoosh, we keep you top of mind.
We only approve your application if we believe you have the ability to repay the loan, inclusive of the payday loan fees, over the life of the loan contract.
And we always practise responsible, reliable, and trustworthy lending — because it’s the right thing to do. We offer our quick cash loans after evaluating current bank statements and reviewing each loan application on its own merit. This way we don’t solely rely on your credit history to assess whether you’re suitable for one of our loans. We’re transparent about our payday loan rates and fees so you know what you’re signing up for.
In addition, every application is reviewed by professional (human!) assessors who issue approvals based on responsible lending criteria.
Still have questions about our payday loans rates and fees?
Contact us to get your questions answered, or to discuss your individual needs
*Speed of approval is conditional to receipt of all requested relevant documents/information
**WARNING: This comparison rate is based on the Swoosh Medium Loan for an amount of $2,500 over 2 years and a $400 establishment fee. This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.