Easy Loans

1. What are Easy Loans

Easy Loans are cash loans that are instantly accessible through numerous lenders in Australia. The application process for an easy loans is fast and simple, requiring little documentation that must be electronically submitted. The lenders providing easy loans have quick processing times, giving you a decision on the loan application within minutes, and instantly disbursing funds so they reach your account within the same business day.

2. Types of Easy Loans

Usually, easy loans are short term loans, and lenders categorize them under various types. The two main types are payday loans and small loans.

Payday loans are usually capped at $2,000 and have a very short loan term falling between 16 days to a few months. Small loans, cash loans, and short-term loans can be as big as $5,000 with a repayment period of up to one to two years.

3. Eligibility Criteria

To be eligible for an easy loan, applicants must:

  • Be over the age of 18
  • Hold a valid residential status in Australia, such as a permanent residence or citizenship
  • Be employed (although some lenders might accept applicants who rely solely on government/Centrelink benefits)
  • Have sufficient income that proves affordability of the loan payments as they become due
  • 4. Examples of Easy Loans


    Loan Type

    Loan Amount

    Loan Term

    Fortnightly Repayment (calculated on a $1,500 loan)

    Sunshine Loans

    Short-Term Loan


    Nine to fourteen weeks



    Cash Loan


    Three to twelve months


    Fair Go Finance

    Small Loan


    Three to twelve months


    Safe Financial

    Small Loan


    22 weeks to one year


    5. Advantages and Disadvantages


  • Fast loan amount disbursement
  • Quick and easy online application process
  • Accepts applications from those with a bad credit score
  • Disadvantages

  • Expensive loans with high interest expense
  • 6. Application Process

    Easy loans have an online application process. After you have shortlisted a viable lender, log on to their website and fill out the online application form. Once it’s been approved, usually within a few minutes, the funds will be disbursed and should reach your bank account within a few hours, or within one business day.

    7. FAQs

    Can I apply for an easy loan if I am not employed?

    Yes, some lenders might accept applicants who are unemployed and rely solely on government/Centrelink benefits.

    Are easy loans expensive?

    Yes, easy loans are among the most exepnsive forms of borrowing as they carry a higher risk for the lender.

    Can I get an easy loan for my business?

    Usually you can use the funds acquired through an easy loan in any manner of your choosing, however, some lenders might not allow you to make business payments with an easy loan.