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Need quick cash but don’t want long-term debt? Swoosh Finance offers short term loans in Australia, allowing you to borrow now and pay off quickly. Perfect for unexpected expenses or a quick cash boost to get you through until payday. Our loans range from $2,200 to $5,000 and are available to a wide range of Aussies, even those with bad credit. Apply now and pay it off within 12 months!
Learn how to get instant approval on a personal loan today
How to apply for a Short Term Loan
Applying for a short term loan with Swoosh Finance is quick and easy:
1. Complete the Online Application: Fill out the form on your mobile, computer, or tablet. It takes just minutes.
2. Get Approved: Receive approval within 60 minutes of receiving required information (during business hours)*.
3. Get Paid: Once you sign the contract sent to your email, we’ll transfer the money directly to your bank account.
Apply online today
How quickly can I get a loan for bad credit?
*Approval speed is conditional upon receipt of all requested relevant documents/information & usually comes within 1 hour during normal business hours/banking days. If you return your contract by 3:30pm AEST, your funds will be transferred overnight.
Uses for Short Term Loans
You can use our short term loans for a variety of needs, including:
Car Repairs
Education Costs
Weekend Getaways
Bond payments
Car Rego Fees
+ much more!
How short term loans work
Short term loans from Swoosh Finance are designed to be repaid over a short period, typically within 12 months but you can pay it off sooner at no extra cost. These loans are secured against your vehicle, ensuring lower repayments and quick settlement.
Eligibility criteria
To apply for a short term loan, you must:
Be 18 years or older
Have been employed for at least 3 months
Be a permanent resident or valid visa holder of Australia
Own a vehicle (like a car or motorbike) registered in your name
Rates and fees for Short Term Loans
| 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 | $20 (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 | $39.95 debit dishonour fee may be issued if a scheduled payment is missed or returned unpaid |
We’ve got no hidden costs or monthly fees, all your payment information is listed in the table above.
Find out more: Rates and fees
Flexible repayments
To ease your financial planning, we align repayment schedules with your paydays, whether:
- Weekly
- Fortnightly
- Monthly
Can I get a Short Term Loan with bad credit?
Yes! At Swoosh Finance, we believe that bad credit shouldn’t prevent you from getting the money you need. We focus on your current financial situation to approve your loan. This approach helps us assist more Aussies in getting the finance they need quickly.
What makes Swoosh Finance the best short term loan lender?
We aim to be the best in fast, easy finance, offering:
- Fast turnaround times
- Quick approval
- Accessible finance
- No paperwork
- 100% online applications
- Friendly customer service
Whether you’re looking for short term loans in Sydney, Melbourne, Perth, Brisbane, Adelaide, or anywhere else in Australia, Swoosh Finance is your go-to lender for short term loans.
Apply Online Today to Get Started with Your Short Term Loan!
Short Term Loan FAQs
Do short term loans affect your credit rating?
These are the main ways a short term loan will affect your credit rating:
- Making payments on time and managing your debt responsibly can help improve your credit score over time.
- ‘Hard checks’ on your credit file during the application process will cause a temporary dip in your credit score.
- Any missed payments and defaults will have a negative impact on your credit score.
How long is a short term loan?
Short term loans from Swoosh Finance come with a 12-month loan term.
Do short term loans have higher interest rates?
Short term loans tend to come with higher interest rates compared to loans with longer repayment periods. But you still might end up paying less on interest in the long run. Because although the rate may be higher, you won’t be paying it off for as long.
You could also pay the loan off faster and save on interest. Swoosh Finance customers are not charged any additional fees for early loan repayment.
Can I apply for more than one short term loan?
You can have more than one short term loan at a time. How many loans you can have will depend on what you can afford to service and what lender you apply with. You can also apply for a debt consolidation loan to borrow more money and roll all your loans into one payment.
Is a long term loan or short term loan better?
Assess your financial situation carefully before you make any decisions on new finance. If you borrow a small amount of money and can afford a higher interest rate, you may want to take advantage of the speed of a small short-term loan. But if you are taking out a large sum of money, then paying it off over a longer period will make the instalment amounts smaller and more manageable.
Can I get a short term loan with no credit check?
Credit checks are important risk assessment tools for responsible lenders and help keep consumers safe from predatory lending. Some lenders may offer no credit check loans if they use alternative methods to verify that you can service the loan. However, almost all reputable lenders in Australia will conduct credit checks, even if they offer bad credit loans.
Find out more: Do cash loans without credit checks really exist?
Testimonials
Jade was really easy to deal with very efficient and I had no dramas understanding any of the things she needed to complete
sam johnston
Caring excellent customer service very efficient fast with email replies very helpful every step of the way would highly recommend her
Donna Moroney
I've always had a good experience with swoosh and today with Ana was no different, she gets back to me really quick and is easy to deal with
clint bindley
Carin has been really helpful in assisting me with my application. Very professional! Thanks so much Carin!
Eric & Zephy
Fast service friendly team. Ana has been wonderful. Recommending her highly.
Melissa Wilson
Had excellent service bestowed my way with Swoosh, always up and ready to help. Stacey, Carin and others help out in every way possible, timely responses and overall a pleasure. Thanks Swoosh team :-)
Tales from the Crypto
Swoosh is a professional high quality business and would like to thank in particular Stacey and Ryan for their professionalism in dealing with customers and their knowledge and responsiveness to processing applications.
Naseer Mansour
Very helpful and very understanding. I dealt with Ana and she was an absolute pleasure to deal with.
Tohi Ridings
Great service..very helpful and hands on with customers. Process went smooth n fast.
Thanks you Ana for your great help .much appreciated
J R
Highly recommended if you meet the criteria, very helpful staff have dealt with them all on multiple occasions.
Ana is amazing at what she does extremely easy to deal with and gets things done...
Shayne Khan
The Swoosh difference
Our Cash Loans are available when you’re in a pinch — and we work hard to make it happen fast.
We put you first, ensuring you have all of the information upfront.
Swoosh Cash Loans give you the funds you need now from a lender you can trust.
Want to chat to someone?
Use our live chat or fill out the contact form to get in touch with a Swoosh Finance specialist
