Revolut Australia

At one point in life, we have all had to make transactions. In Australia, there are many ways through which you can deposit and transfer funds to your friends and even family.

Among the big names when it comes to financial transactions is Revolut.

revolut australia

Revolut is a reputable financial service that provides accounts for global fee-free spending. If you are not familiar with Revolut, worry not. After reading this article, you will be more than clued up on Revolut.

Here is everything you need to know about Revolut.

What’s Revolut?

Revolut is a website and application-based platform specialising in finance and related activities, mainly transactions. Launched in 2015 by Vlad Yatsenko and Nikolay Storonsky, Revolut now has over 10 million users. In this time, it has carried out over 350 million transactions totalling to £40 billion.

Revolut’s services are offered across Europe, Australia, and even the UK. Revolut is popular for its card that allows holders to transfer money internationally. The card also supports global spending.

Revolut is headquartered in the UK, albeit it has offices in Melbourne – 152 Elizabeth St, Melbourne, VIC, 3000. It began its operations in Australia in June 2019. The company provides both individual and business solutions.

For a while now, it has been a star player in the fintech field. In this period, the company has established itself as a global neobank.

Revolut Australia Products

Revolut offers its services via two different packages, i.e. Standard and Premium account. Both packages have a prepaid card connected to the Revolut app.

Once loaded with funds, you can withdraw cash from the ATM using the card. However, to deposit money to your card, you need an external source that can either be a debit or credit card.

Using the Revolut app, cardholders can set up automatic top-ups to their cards.

Other products offered by Revolut include sending and requesting payment, secure vault and also budgeting.

Revolut Personal Account

Through the personal account, Revolut users can spend money throughout the world at a specified interbank exchange rate.

Below is a quick summary of the available account options.

Free Costs AUD 10.99/month
Over 110+ currency options at the real exchange rate Over 110+ currency options at the real exchange rate
Comes with virtual cards that are disposable for better security
You can transfer up to AUD 9000/month in 15 currencies with no exchange fees Allows unlimited money transfers in 15 different currencies
Regular customer support Prioritised customer support
Maximum free ATM withdrawal amount of $350/month after which a 2% fee is applicable Maximum free ATM withdrawal amount of $700/month after which 2% fee is applicable
  LoungeKey Pass access up to 1,000 airport lounges
Global express delivery of your card

Both Standard and Premium accounts are multi-currency accounts. Note that Revolut is still new to the Australian market. As such, it is yet to be fully established.

Revolut’s Smart App Features

Revolut takes things a step further with their smart app (available for both Android and iOS) that has several useful features. The app makes it convenient for users to manage their activities.

Personalised transfers

With the app, you can easily send money both locally and internationally.  It comes with an automated recurring payment tool for users that make regular transactions to the same account.

This tool is especially handy in paying for subscription and bills. All you have to do is set it, and the rest will be done for you. The app has a built-in function that allows you to attach images, notes and GIFs, making the sender/recipient interaction even fun.

Savings vaults

As the name suggests, this is a unique savings tool included in the app. Here, you can set regular or random deposits. You can also link a saving goal and name to your personal vault.

Budgeting tool

You are provided with an option to track and manage your savings using the app. You can set your budget and daily spending limits. The analytics tab on the app helps you to keep an eye on your spending.

Revolut Features

Here are some of Revolut’s features:

  • Easy transactions: Revolut allows you to spend and transact funds without difficulties around the world at a real exchange rate.
  • Availability of multiple currencies: You can trade and hold 20+ currencies.
  • Recurrent payment option for making regular payments.
  • Has an intuitive app with an easy to use interface.
  • Offers various security options such as freezing and unfreezing your card within the app. Another security measure is location-based security. If set, your card payment are blocked should the card be used in a location different from where you are.

Pros & Cons

If you are undecided on whether Revolut is right for you, you can weigh its pros and cons.

Easy sign-up process Has a monthly limit on the free transaction amount
Low-cost global spending
Multiple currencies support Lacks free express delivery in the standard account
Easy to analyse your spending No interest accrues on the saved money
Services are available in many countries

Is Revolut Safe?

It is imperative to confirm that the company whose services you are about to sign-up for is safe. In Australia, Revolut is licensed by the Australian Securities and Investment Commission (Revolut’s local ARBN is 626 390 065). Besides, the company is licensed by Australian Financial Services and operates through an unnamed bank.

The security measures set by Revolut ensure that your funds remain safe at all times.

Note that Revolut doesn’t operate as a bank. For this reason, it can’t carry out banking activities.

On TrustPilot, Revolut has an excellent rating (4.5 out of 5 by over 58,000 reviewers) a clear indication of its reliable services. Majority of the complaints against Revolut are due to minor issues such as technical glitches. On the brightside, they have all been addressed in time.

How to use Revolut

To use Revolut, you need first need to sign-up. Visit the company’s website and click on the ‘Get App button’ on the top right corner.  After installing the app, you will join the waiting list.

As soon as your name comes to the top of this list, Revolut will send you a notification to ask you to create your account. For the premium account, you will need your payment details in addition to your name, phone number and address.

Revolut will send you the card via the address. To use the card, you need to activate it via the app.

Transfer time

The transfer time varies depending on your account and the recipient of the funds you are transacting.

When transacting to other Revolut users, the transfer time is instant. Money transfers to UK banks can take between a few hours to 2 days. For standard account users, international money transfers take between 3 to 5 days.

Customer support

Revolut offers all around the clock customer services through its line (+61 1300 281 208.). You can alternatively reach customer support via the in-app chat service. In case of a problem you can contact Revolut through:

  • Help Centre:
  • Website:

Verdict – Is Revolut for you?

For people that make a lot of transactions on the move, Revolut is an ideal platform for you. The flexibility in options offered, low exchange rates, budgeting tool and multiple currency support make it an even better choice.

On the other hand, if you prefer the physical bank experience, Revolut may not be ideal for you. The lack of loan services is another significant drawback.


Currencyfair Australia Review

currencyfairThere is no shortage of options when it comes to international currency transfer platforms. For one, new players keep joining the field. Besides, existing players keep extending their services throughout different regions.

What sets apart these different platforms is the way they operate. Here comes CurrencyFair, which specialises in international fund transactions by offering the best rates. Although there is nothing unique in the way CurrencyFair works, it still has a lot to offer. Read on.

What’s CurrencyFair?

Currency Fair is an online peer-to-peer platform that specializes in currency exchange services. It has its main headquarters in Ireland and offices in Australia, the UK, Singapore, New South Wales, and Hong Kong.

The company allows international transfers in 20 global currency options. Since the company relies on a peer-to-peer approach, money never really crosses borders. This approach eliminates bank conversion fees, which is perhaps CurrencyFair’s biggest foredeal.

You are probably asking how then the transfer happens. Well, we shall get to that in a minute.

best exchange rates

Started in April 2009 by a group of financial experts, Brett Meyers, Jonathan Potter, Sean Barrett, and David Christian, the company became first to come up with a peer to peer marketplace.

Five years later, the company became the first platform to break the $1 billion barrier in the money-matching transfer sphere. A mobile app was developed and made official in September 2015. In 2017, CurrencyFair enabled SMEs to use its service. As of the end of 2017, CurrencyFair had traded over €5 billion. This figure increased up to €7 billion in July 2018.

CurrencyFair has won several awards over the years. It has also been listed in several top rankings in the fintech arena. The company claims its customers have saved a sum of €230 million over the 9 years it has been in operation.

As mentioned before, its leading service is fast and secure transactions at better exchange rates compared to bank fees.


CurrencyFair takes a different and complex approach compared to standard currency exchange platforms such as TransferWise. It offers QuickTrade services as well as a marketplace for people looking to get the best rates.


By capitalizing on the marketplace, users that need to exchange their currency hold onto their funds until a user with the best rate is available. Some users have revealed that through CurrencyFair, they got better exchange rates than the standard market rates.

The best part about CurrencyFair is that it is swift and easy to use. The exchange process only takes a few days. However, if you want the best rate through the marketplace, it may take a little while longer, but it’ll be worth it.

How CurrencyFair work?

CurrencyFair works by eliminating the need to use banks to make transfers. This means that users avoid bank transfer charges as well. Commonly known as P2P, CurrencyFair sets users to trade with each other directly.

Think of it as a match-making service in that users who need a particular currency are paired with other users who not only have the currency the first user needs but also need the currency that the user is offering. In simpler terms, users moving currencies in opposite directions are matched.

For instance, CurrencyFair will match a user moving money from Australia to the UK with another user moving money in the opposite direction, i.e., the UK to Australia.

CurrencyFair provides its customers with a real-time marketplace to trade currencies at user-specified rates. This way, the rates are agreed upon by the customers. If satisfied with the rate, the users can then proceed with the transaction.

It does create some parallelism to online dating platforms, right? From this perspective, CurrencyFair defines its services as ‘an online dating bureau for people who want to swap money but avoid hefty fees. ’ In line with that, CurrencyFair charges a very low fee for its services.

How to use CurrencyFair

Just like any other platform, you need to register first before using CurrencyFair’s services. The sign-up process is simple and takes only a few minutes.

CurrencyFair has integrated electronic verification on its platform. If you fail the verification, you will be asked to provide additional documentation. Generally, it takes about 1-2 days, and you will be set.

The transfer time is dependent on the recipient of the funds but typically takes a day or two. Morning hours (before the bank’s cut-off times in the afternoon) are the best hours to transfer money

How much its cost

CurrencyFair charges only two fees- a standard transfer fee and an exchange rate margin.

Transfer Fee

In Australia, a $4.00 transfer fee is charged on transactions. Compared to many other options, this fee is exceptionally competitive.

Exchange Rate

You can either choose the marketplace or go with the straightaway exchange option. About 40% of CurrencyFair customers prefer the former. With the peer-to-peer marketplace option, you set an order to trade currency at your rate.

CurrencyFair’s marketplace will match your set price at a specific margin to interbank with a peer moving currency in the opposite direction at 0.15%. If no peer matches your order, CurrencyFair will step in and match your order at a wider spread of 0.35%. Note that these rates are applied where possible.

CurrencyFair gives you an option to call off your marketplace order and instead exchange at the market price. However, the market price might be lower at a spread of 0.5%. Even so, this is still cheap compared to bank transfers.

The platform allows major currencies using EFT and BPAY to transfer money to CurrencyFair. EURO deposits from debit cards are also allowed. On the downside, credit cards, cheques, and bank drafts are not accepted.

The currency options allowed include Euro, UAE Dirham, Australian Dollar, Canadian Dollar, Swiss Franc, Czech Koruna, Danish Krone, Pound Sterling, Hungarian Forint, Norwegian Krone, New Zealand Dollar, Polish Zloty, Swedish Krona, US Dollar and the South African Rand.

Pros & Cons

For a small sum of money, CurrencyFair is ideal Your funds have to be transferred to your account before making an exchange. If it takes a while before you get a match, your money won’t earn any interest as it would in a bank
Has regulatory oversight by the relevant bodies, so your funds are safe
Charges very low transfer fees Credit cards, cheques, and cash forms are not accepted
The exchange rates when using peer-to-peer are low (0.15%) There is no guarantee of getting a match in the marketplace
Saves you the trouble and additional expenses involved when using traditional bank services Lacks a physical storefront


Is CurrencyFair safe?

In Australia, CurrencyFair holds regulatory approvals from the Australian Securities and Investment Commission. As such, it is subject to Australia’s tight financial regulatory system. It is licensed by the Australian Financial Service- license number 402709.

Transactions made by CurrencyFair customers are fulfilled through a client trust account that offers the vantage of being cheap compared to using the SWIFT network.

Besides, customer’s funds are stored in separate accounts from CurrencyFair’s own operating accounts. This way, the company guarantees financial integrity. On TrustPilot has an excellent rating (4.8 out of 5 by over 3000 customers)

Since the platform is entirely internet-based, website security is prioritized. The customer’s personal information is safeguarded using 256-bit encryption via SSL from VeriSign.

Customer support

CurrencyFair has a great customer support team that offers excellent customer services. Should you have any inquiries, CurrencyFair encourages that you get in touch to sort out the issue.

Verdict – Worth it?

CurrencyFair is an ideal choice if you want to enjoy low transfer rates and avoid the whole inconvenience by bank transfers.

Exchanging funds via the CurrencyFair gives you good value for your money. However, the limited money transfer options can be an impediment to many.

eSports Betting Australia

Being an Australian who likes to gamble, you may have wondered about the Australian eSports betting scene.

esports betting Australia

Esports betting has taken over the world, which is why it has a presence in our country as well.

Gambling has been around for a very long time and whenever something new hits, people find ways to wager on it. Hence, e-sport betting is something everyone saw coming.

This was especially true with Australia. The country has a huge number of e-sports lovers. There are over 900,000 people that are a fan of it according to NewZoo (An E-Sports Analyst)

  • In fact, in 2016, Australians were 0.3% of total ticket sales for all e-sports events. This is tremendous considering the ticket sales were a whopping $32 million. Not only is there a considerable sum of e-sports enthusiasts, but Australia also has a lot of gamers in general.
  • According to NewZoo, there were over 10.6 million of them as of 2016.

That being said, online gambling is frowned upon in certain parts of the world.

As an Australian, you don’t have to worry about this. You have a huge choice of bookies to work with, helping you make the most cash. That’s why you’ll find this article very useful:

We’ll be running through the best games to bet on as well as the most premium bookmakers you could work with. If interested, why not read ahead?

How Legal Is It To Bet On E-sports in Australia?

It’s not illegal at all to bet on E-sports. However, there is an age requirement in place. You need to be 18 years if you want to bet online, be it on e-sports or not.

Not only should you be 18, but you also need to provide many documents to verify your identity. This includes passport/ ID copies as well as a utility bill. This should be handed over to your bookmaker.

Although illegal in other parts of the world, the practice is safe in Australia as there are countless licensed bookmakers in the country. This is especially true for the Northern Territory.

As there are so many stationed in the country, there are domestic companies competing with them as well.

How Do You Safely Bet On E-Sports?

The following points will touch on various ways to deposit and withdraw cash. They are the best ways to bet on e-sports (they apply to all forms of online gambling as well). If you’re wondering what they are:

Credit and Debit Cards

To get money to your bookie, you should consider using a credit or debit card. Card payments are accepted by the majority of bookies in the country.

In terms of what cards you can use, Master card and Visa are always accepted. If you use American Express, you won’t have much luck as most bookies don’t accept them.

Bank Transfers

Other than card payments, bank transfers are an easy way to get money to your bookmaker.

Although easy, bank transfers aren’t the quickest. You can expect the cash to show up  to a day later.


E-wallets are as quick as credit and debit cards. Fortunately, they’re accepted by all bookies as well. That being said, you may not want to send cash through it.

Some bookies charge a fee. Depending on who you’re working with, the money charged can be a lot.

E-Wallets are preferably the safest choice. This is as you’re not linking bank or card details to the account.

If you want to read more about Australian gambling laws go here.

Which Australian Sites Can You Bet On?

Now that we got that out of the way, you may be wondering which sites will allow you to bet on them. Let’s run through some of the best options. – Ladbrokes has a range of e-sports to bet on. They offer users one wallet where you can bet on a range of things from poker to your favorite e-sports. What’s more, they have an array of jackpots at their disposal. You can win up to $10,000,000 if you’re lucky enough. Bet365 is one of the largest e-sports betting sites in the world. Because of this, they have an enormous userbase compared to its competitors.

If you ever get tired of their e-sports selection (you won’t), you’ll love that there are many sports you can gamble on as well. Many of these sports are what Australians love such as Rugby and Cricket.

Unibet- Unibet is based in Europe. It doesn’t have as large of a userbase as its 2 competitors, but it’s noticeably big. It is a product of the Kindred Group which has many betting sites.

With a Unibet membership, you can wager on all sorts of things. This includes e-sports as well as casino games and actual sports too. Although not one of our favorites(and we won’t dive into it further on) is becoming very popular in Australia. However, it’s unlikely that it will pass its 3 mentioned rivals. They’re known exclusively for their e-sports bettings.

How Do You Make A Lot Of Money On E-Sports Betting?

Like any form of gambling, it can be dangerous to bet on e-sports. This is especially true if you’ve never done it before. It can get hard to make some cash but if you follow a few tips, you can see the cash rolling in:

  • It’s vital that you study up before you place your money. You need to research a lot on the players as well as study stats. The stats will help you make a favorable gamble.
  • Working with a well-known bookie means you’re not going to get scammed. Once again, you’ll have to do research, finding a large name to work with. From the people available, the 4 discussed above would be perfect for you.
  • To ensure you keep the cash rolling in, you should never chase losses.

Best eSports Betting Sites Australia

Now that we have that out of the way, let’s evaluate our favorite e-sports betting sites.

1. Bet365 Australia


If you’re wondering how safe the bookmaker is, it’s highly regulated. They hold a gambling license from the UK gambling commission. This means they function according to their guidelines. Thankfully for you, their regulations are very strict.


Bet365 easily lets you deposit money. You can do so from many credit card companies. They also allow a range of e-wallets.

A lot of bookies cut fees for whatever you deposit. This isn’t the case with Bet365(as well as our 2 favorite picks below). What’s more, money is added quickly to the site.

If you want to withdraw cash from your account, you won’t be charged. It’s also effortless and all you have to do is click the ‘withdraw’ link in your account page.

Most of the time, the money would go immediately to your account. However, this depends on the method of withdrawal so it can take up to a day.

What Can You Bet On?

In terms of sports, there is a lot to bet on. Some of these sports may not be played in your country. If you’re wondering what they, see below:

  • American Football
  • Aussie Rules
  • Baseball
  • Basketball
  • Boxing
  • Cricket
  • Cycling
  • Darts
  • F1
  • Golf
  • Greyhound Racing
  • Horse Racing
  • Ice Hockey
  • Motor Racing
  • Rugby
  • Snooker
  • Soccer
  • Tennis

Of course, they offer e-sports too, and that’s what we’re here for. These are:

  • Overwatch
  • PUBG
  • King of Glory
  • Fornite
  • StarCraft 2
  • Hearthstone
  • Rainbow Six
  • Super Smash Bros

These are just a few and there are many more. What’s best about bet365 is that they offer live streaming for many tournaments, be it e-sport related or not.

When you first join, you’ll love the $100 free you get in credit, so keep that in mind.

2. Unibet Australia


Like Bet365, Unibet is regulated by the UK Gambling Association. It has another regulatory body as well. This is the Gibraltar Gambling Commissioner.

Security is very important to Unibet. This is why there are security mechanisms with each of your payments. ESSA, EGBA, eCOGRA and Gamcare protect you.

Are There Fees?

In terms of fees, you won’t be charged anything for deposits or withdrawals. That being said, there are a few restrictions in place.

The minimum amount you can deposit is 10 pounds. This amount is the same for withdrawals as well.

You can transfer the money with a range of cards and e-wallets. The money is added almost immediately. When withdrawing cash, the speed of its transfer depends on the method used.

What Can You Bet On?

Unibet is great for its casino games. This includes casino, live casino, bingo, lottery, and poker. Of course, there are e-sports for you to place your money on as well.

If you’re wondering what they, your options are:

  • Overwatch
  • League Of Legends
  • Dota 2
  • Starcraft 2
  • Fifa
  • Overwatch

Unfortunately, there is no live streaming feature. However, Unibet is quite game-changing. You should know they’re the first gambling site to be available to mobile users.

3. Ladbrokes Australia

Ladbrokes is a top rated esports betting operator in Australia. Here is why:


Like our two other picks, Ladbrokes is a gaming platform that’s regulated by the British Gambling Commission. Similar to Unibet, the Gibraltar Gambling Commission also monitors their work.

Because of this, they’re quite safe to work with. In fact, their website is very encrypted. It offers high tech SSL to keep your personal information secure.

All of the casino games offered on the site are regulated by eCOGRA. Like Unibet, ESSA regulates Ladbroke’s payments.

Are There Fees?

Ladbrokes charges no fees. This is the case for deposits as well as withdrawals.

Similarly, there’s a range of card and e-wallet options for you to deposit cash with. In fact, you can do so with Western Union as well.

There is a minimum deposit in place. If you’re adding money through a card, you need to make it at least 5 pounds. When doing so with an e-wallet, you’ll need to pay 10.

The minimum you can withdraw is 5 pounds. This is much less than other gambling sites.

What Can You Bet On?

With Ladbrokes by your side, you’ll be able to bet on a range of casino games. Some of these include: Bingo

  • Poker
  • Lottos
  • Virtuals
  • Slots

Of course, there’s e-sports to bet on too. These are:

  • CSGO
  • League Of Legends
  • DOTA 2
  • Starcrafts 2
  • FIFA
  • Overwatch

Ladbrokes has a live stream, letting you bet while you watch your favorite tournaments.

What E-Sports Should You Bet On?

Let’s talk a little about what tournaments are the best to bet on in Australia.

The Fortnite World Cup

The launch Fortnite was in 2017 and has become a global sensation. Fortnite royale has over 125 million users. It has an annual tournament with a $500 thousand cash prize.

When betting in the Fornite world cup, is our go-to.

Call Of Duty Championships

There are many Call of Duty championships. Many of them are available for Australians to bet on.

From this assortment, the main Call Of Duty Championship takes place in August every year.

From the sites available, Bet365 is the best place to bet your money on.

Halo Championship Series

Not many Australian bookies let you bet on Halo. From what we know, is a good choice for this.

Betting on the Halo championship is worth it as they offer some of the largest prizes around. In 2018, the prize money was $1 million USD.


From the above points, it’s clear that betting on e-sports in Australia is similar to the other forms of online gambling.

Overall, our favorites are bet365, Unibet and Ladbrokes. These are some of the best bookies if you’re planning on betting on e-sports in Australia.

How To Buy Litecoin

If you are a trader and are interested in purchasing Litecoin, you may have some burning questions. How and where can you buy it? Is its trading value high or low? We will clarify these questions for you in this article.

how to buy litecoin australia

The consensus about Litecoin is somewhat split among the general population of traders. Some say it is nothing more than a less-capable alternative to the more prominent cryptocurrencies and others claim it will grow to be one of the main cryptocurrencies of the future. So how do you even know you want to invest in it?

The best way to invest in Litecoin is trading via EasyMarkets (AU Broker with ASIC License)

What is Litecoin?

Let us start by defining Litecoin in clear and simple terms. Cryptocurrency was introduced in 2011 and runs on a peer-to-peer platform in tandem with open source software. It does not submit to a centralized authority like a bank or government. Litecoin is one of the oldest existing cryptocurrencies.

Many developers like to market their cryptocurrencies for their unique features and services. Litecoin however, is not one of them. It was more or less copied from Bitcoin, although some maintain it is actually an improvement on Bitcoin.

Is Litecoin really valuable?

The value of Litecoin is not entirely undisputed. Some say it is worth millions, and others are just as skeptical. As of now, the only real conclusion one can draw is that no one knows for sure. Going by the history of cryptocurrencies in general, and their capacity for exponential growth, it will not be difficult to assume that a major cryptocurrency like Litecoin will go up in value. But there is no way of knowing that for sure.

Investing in crypto is a good addition to investing in shares and the risk factor is similar to CFD Trading.

For all we know, the value of Litecoin might rise to a hundred times what it is now. But its value can just as easily head south. That is the gamble you are taking as an investor. Rumors and opinions will abound but ultimately, only time will usher in reality.

How to Buy Litecoin

You can buy Litecoin the same way that you buy any other cryptocurrency, by signing up with an exchange or broker (We recommend Easymarkets). But this is where it can get a bit messy. As a novice trader, you are particularly sensitive to bad press and the hearsay that your investment is too risky and will land you in unfamiliar situations.

The solution of course, is to have on a third-party exchange to enable peer-to-peer trading. But before you start investing in Litecoin, you must have a verified account on a cryptocurrency exchange. That involves uploading government-issued identification documents – passport or driver’s – license among other processes. You had best open your account with a reputed exchange like Coinbase.

However, exchanges are not the only way.

Alternative methods of buying Litecoin

Brokers are another way to go, especially those like Plus500 and eToro which allow you to trade Litecoin without having to verify your identity or even owning any of the cryptocurrency. Plus, you will be dealing with a reputed trading firm that facilitates the trading for you and enables you to make instant sales.

This is actually a safer, swifter, and more convenient way to trade. The catch is that you technically do not own any Litecoins and there is usually a limit in place for how much profit you make from each trade. If your incentive for buying Litecoins is the prospect of significant growth of value, this is not a method for you to try since your profit will never go beyond the pre-set limit, no matter how successful your trades may turn out.

There are some programs that do not impose such limits, one of them being On the other hand, might contain extremely high limits or no limits at all.

Mining is also part of generating new Litecoins. This is pretty much how it was first generated, so if you have the means, you can go right ahead and create some. If you need help, you can refer a page on Litecoin mining and find out what you need to know.

Litecoin Exchange

As we had recommended earlier, the best cryptocurrency exchange for obtaining Litecoin is definitely Coinbase. While there are more options to look at, not all of them are compatible with Litecoin. While Litecoin remains among the top five most popular cryptocurrencies in the world, it is still not on the level of Bitcoin and Ethereum, which take priority in several exchanges.

Litecoin vs Bitcoin

We mentioned earlier that Litecoin is mostly a copy of Bitcoin. But what are the differences? Which one should you buy? Which is more conducive to your budget and your ambitions? In terms of budget, there is no contest. Litecoin right now is decidedly a lot cheaper to buy than Bitcoin. That said, you can also buy fractions of coins as well, so ultimately, your budget will not be that big of an issue.

Both Litecoin and Bitcoin are highly volatile. However, as the lesser-rated currency between the two, Litecoin has a value that is relatively more unstable. Its price surges up and down like with any other cryptocurrency but there is notably less confidence shown by the investment community that seems quite happy to switch at the slightest hint of trouble. Whether that is fair-minded or not is an open question.

Regarding the differences in statistics and technology surrounding Bitcoin and Litecoin, the latter maintains a higher limit, with at least four times more coins in the running. Litecoin only emerged a couple of years after Bitcoin and its market cap is somewhere around 20 times less.


Should you invest in Litecoin? It may be a prominent cryptocurrency, but it is also one shrouded in uncertainty. Perhaps it may also be lacking a bit of originality. But there are certain features about it that might be just what you are looking for. At least for now, you know how you can buy it.

Nimble Loans Review

What is nimble? A loan provider whose logo is a bunny kind of image against a white background, does that ring any bells?

nimble loans review

Well, Nimble is a financial institution in Australia that specializes in loan provision and financing retail sales. Nimble was founded in 2005 and has grown to become one of the biggest loan providers in Australia. By 2016, Nimble had funded over 1 million loans.

As of the moment, Nimble has funded over 1.6 million loans.

In the early days, Nimble was called Cash Doctors, but they rebranded. Back in 2009, Nimble was the first financial company to have paperless loan application in Australia.

Two years later, the company moved to straight-through processing. This meant that no individual was needed throughout a loan application.

This year, Nimble introduced other loan types for its customers, which include car and personal loans.

Better Alternatives to Nimble Loans

Name Interest Rate (p.a.) Loan Features Review
review From 35% $2000 or more + 5 Minute Application

How does Nimble work?

Nimble works by providing loans to individuals who need cash to help them get out of a fix. It doesn’t matter if you are using the loan to pay for emergency expenses or do house renovation, Nimble has you covered.

You can apply for any loan as long as you meet the eligibility criteria. Depending on the loan type, you will agree to a repayment plan that suits you. While applying, be sure to confirm the breakdown of charges you shall incur.

Here is a quick breakdown:



Small 300 – 2,000 N/A 20% of the principal amount 4% of the principal amount N/A
Medium 2,050 – 5,000 47.616% $ 400 N/A 65.66%
Personal 5,000 – 10,000 8.99%  – 29.99% $195 N/A 10.31% p.a  – 31.49% p.a
Personal 11,000 – 25,000 8.99%  – 29.99% $250 N/A 10.31% p.a  – 31.49% p.a
Car 5,000 – 10,000 6.99% – 27.99% $195 N/A 7.68% p.a. – 28.84% p.a
Car 10,001 – 20,000 6.99% – 27.99% $250 N/A 7.68% p.a. – 28.84% p.a
Car 20,001 – 50,000 6.99% – 27.99% $495 N/A 7.68% p.a. – 28.84% p.a


Different Nimble loans have different loan repayment terms. For instance, the small loans at Nimble has a loan term of one year. The medium ones have a term of 2 years.

Is Nimble safe?

For a loan provider to earn a ‘safe’ status, it has to adhere to several practices, be transparent, and many other factors. Below are a few aspects that confirm Nimble is safe.

One alternative to Nimble is NowFinance.

1.      Adherence to responsible lending policies

Any money lender willing to offer you more than you can be able to repay clearly lacks interest in your financial life comfortably. Luckily, that is not Nimble. Nimble will only offer you a loan that you can repay.

In addition, Nimble has gone a step ahead to put in use an advanced technology that eases and helps make the right decision. Getting a loan you can afford means you don’t need to strain to meet the repayable loan amount.

To that end, Nimble takes some checks such as;

  • Inquiring about your financial status, income source, expenses as well as your employment status.
  • Verifying the information you have provided about your financial status by checking bank statements.
  • Asking about the purpose of the loan you are applying for.

2.      Transparency

To ensure transparency, Nimble outlines the fee and any other repayment charges you will incur before loan confirmation

3.      Licensing

Nimble is licensed to operate in Australia by the Australian Securities and Investments Commission under credit license no. 386010. As such, Nimble observes compliance to the National Consumer Credit Protection Act 2009. This includes responsible lending.

4.      Loans tailored just for you

Nimble makes use of advanced software and mathematicians to calculate the perfect loan for you. Nimble loans are tailored to meet your requirements while at the same time, being affordable.

5.      Support for financially struggling customers

In our world, financial hitches can pop up from anywhere. Nimble understands this. In the case of a situation such as income change, emergency expenses, illness, or divorce, you can always talk to Nimble. We can’t promise you how the support at Nimble will react, but Nimble does take each case and handle it individually.

Reading this, you are probably asking if a loan from Nimble is right for you.

Well, there is no clear cut answer to whether the loan from Nimble is right for you. This is because getting a loan entirely depends on you.

Withal, Nimble is a responsible lender. That’s why they let you decide the amount you want to borrow and schedule your repayments.

You should be able to repay your loan as fast as possible without straining. Nimble, however, warns that the loans they offer are meant to be a solution to a bad debt crisis.

If you are uncertain, it is recommended you visit a financial adviser. Applying for a loan when you are in debt, could easily cripple your life. Although Nimble lets you schedule your repayment in a way that suits you, if you want to pay your loan entirely, you still can. Besides, Nimble won’t charge you anything for canceling.

On the other hand, if you fail to meet the repayment on time, you will be charged an additional fee. The same also applies if your rescheduling extends your loan term for small loans.


Nimble offers different kinds of loans. Each of these loans has different loan terms, repayment plans, interest charged, and establishment fees.

When applying, it is essential to consider all loan types that suit you. The decision on which loan you will apply for will hinge on how much you need and your ability to repay it.

Below are some of the loans that you can apply for at Nimble

  • Personal loan
  • Cash loan: could be a small or medium loan
  • Car loan


Annual Percentage Rate

At Nimble, an APR is applied to most of the loans. The notable exception where APR doesn’t apply is Small Loans. Instead, for small loans ($300 – $2,000), a fee is charged. This explains why they have no APR.

For medium loans, at Nimble, you will be charged an establishment fee of $400. You will be charged interest at an APR of 47.6158%. In addition, a comparison rate of 65.6597% based on an amount of $2500 is applied.

For personal loans, an interest rate between 8.99% – 29.99% applies.

Car loans have an interest rate of between 6.99 and 27.99 annually. The comparison rate is between 7.68 and 28.84.

Note that the comparison rate only holds for the example. For this reason, it may not include all fees. Factors such as loan amount and term can give a different comparison rate.

Interest is compounded: the interest charged is added to the outstanding balance and accrues interest at a rate similar to the principal amount of your loan.

The interest id debited in arrears monthly


The fees payable vary according to the loan you are applying for.

Some of the standard fees are:

  • Establishment fee
  • Late payment fee
  • Dishonor fee
  • Variation fee
  • Early repayment fee
  • Duplicate fee


After applying for a loan at Nimble, it is reviewed as fast as possible. Unlike traditional lenders, you don’t need to queue, fill tedious paperwork, and attend a meeting.

Nimble will consider your employment status. To be eligible for any loan at Nimble, you need to be employed. If you are on Centrelink payments, Nimble will review your application.

There is no provision for Nimble loans for the unemployed. Sorry.

The rest of the information you provided, indicating your ability to repay the loan will be reviewed next. You will be then offered a loan that you can repay comfortably.

Nimble understands that financial situation can get worse or better. If you applied and your application was declined, you can still apply once your financial situation is better.

You have to meet the general criteria below to apply for a loan at Nimble. Other loans may require additional requirements

  • Be over 18 years
  • An Australian citizen
  • Employed
  • Have an active contact number

Credit History

Nimble includes a credit check when doing the review of your loan application. This doesn’t mean that if you have a default, you can’t get a loan at Nimble. Nimble can still provide you with a loan, although your credit history is far from perfect.

This is dependent on when and why you have the black mark on your credit file. A credit check is only a small part of loan assessment, and it doesn’t necessarily reflect on your current financial situation.

However, some cases will make Nimble turn down your loan application. They include:

  • Being bankrupt
  • In a Part IX debt agreement
  • In a Part X personal insolvency agreement
  • Previously defaulted a short-term loan
  • A very poor credit history

Poor credit guidelines in Australia

Credit reporting agencies usually keep details of any credit/loan you apply for. In the same file, they also keep data regarding any debt associated with your name. Credit agencies collect your financial history and payment record before reporting it in a single file, credit file.

This file is used to tell you about your creditworthiness. It also determines your credit rating. In Australia, there are different credit agencies such as Experian, Veda, and Equifax.

You can access the file, and if it has misguided information, you can right that at no cost at all. It can only be done once a year.

To access your credit file information, the credit agency may need your:

  • Birthdate
  • Current and previous address
  • Active phone number
  • Employer
  • Driver’s license copy, passport copy, birth certificate copy or legal proof of age card
  • A document issued by an official body which includes your name and address such as utility bill, bank statement copy or rates notice

Information such as payment of bills is not included in the credit file. It is important to check whether all loans listed under your name are those you have applied for. Also, check your name and birthdate are correctly recorded.

The cases where the report can be changed are inaccurate listing or out of date listing.

Credit score

Based on information contained in your credit file, a score that is number based is calculated.

The higher the number, the better your score. Note that your income doesn’t in any way influence your credit score. Although the score is obtained from the information in your file, the two are separate.

Credit score changes over time as it hinges on the purpose of your loan and the credit amount you apply for. Several companies in Australia use this score when you apply for any of their credit products. They include banks, telco, and lending service providers.

When you apply for a loan at Nimble, they will review your credit file through a third-party provider. With the credit score, Nimble will tailor the loan amount you can borrow. Nimble will also their independent criteria and suitability check to determine the loan you can borrow.

Loans such as Credit, Interest-free store, Personal, Car, Business, and Home will contribute to your credit score.

Loan Application

For cash loans, you can borrow any amount between $300 and $5000

For a secured car loan, Nimble will have security over your car. As this loan is secured, it can have low-interest rates compared to others. You don’t necessarily need to have found a car to apply for this loan.

Secured car loans have a term of 6 to 84 months. You can borrow anywhere between $5,000 and $50,000. To be eligible for this loan, you must:

  • Be over 18 years of age
  • Australian citizen or permanent resident
  • Be employed
  • Have an Australian driver’s license or passport
  • Present your bank details
  • Have an active phone number
  • Not be having more than half of your income from Centrelink

Note that your vehicle should not be used for business; hence ‘personal use only.’ The vehicles accepted should

  • Be of personal use only
  • Mileage of less than 200,000km
  • Not more than 10 years old
  • Has no finance owing attached whatsoever

For personal loans, you can borrow any amount between $5,000 and $25,000. This loan is unsecured.

The application procedure for Nimble loans is straightforward. No paperwork is involved. All you need to do is visit their website and make a few clicks and taps.

You will be required to fill out your details, such as name, address, and phone number. You will also be required to give out your bank details, and if you receive Centrelink benefits, your MyGov account details.

This will help Nimble verify your financial situation. After application, you should relax as your application is being reviewed. You will receive an answer shortly.

For car loans, you will also need to upload your insurance and any other relevant documents.

Nimble may reach out to you to confirm your details. If your application is successful, you will get your funds within an hour of confirming, i.e. if you confirm before 4:30 pm AEST during banking days


Confirming your loan

After approval, you will need to set up the loan by selecting the loan amount, how long you intend to pay it (frequency), repayment amount, and when you intend to make the first payment.

If you are satisfied with your repayment schedule, then you will be ready to confirm your loan. A loan contract will be sent to you. If everything is perfect, including the Terms & Conditions, click ‘I agree,’ and that’s it.

Your money will be sent to you.

For car loans, your vendor receives the fund rather than you.

In case your loan application is not approved, worry not. There is no common reason for your request to be rejected. Each application is treated differently. You can always re-apply if your financial situation or circumstance gets better.

Transfer time

If you make your loan application outside Nimble operating hours, Nimble will reach to you the next business day. When your application is approved, you will receive the funds within an hour. In case it is not your first loan at Nimble or you don’t have a Visa Prepaid card, it may not take an hour. You can get the funds within seconds.

The time it takes to have the cash in your hands will depend on your bank.

Loan Repayment

Just like the application process, repayment too is simple. Loan payment will be through direct debit. On the repayment dates, the amount due will be automatically deducted from your bank account.

Nimble usually sends a reminder before the repayment dates, so you are not caught unaware.

The period in which you can have the loan varies depending on the loan you apply for. For small loans, as a new member, the loan term is between 2 to 4 months. For medium, it is between 2 to 22 months.

Personal loans have a minimum term of 6 months and a maximum term of 48 months.

The loan terms also hinge on the approved amount and personal circumstances.

In case your direct debit is declined by your bank, your bank and Nimble will charge you a dishonor fee.

For small loans:

  • On top of the dishonor fee, a daily fee of $5 will accrue if your account remains to be unresolved. This happens until the total amount owed becomes 200% of the principal.
  • If you reschedule to the next month, you will be charged a 4% fee monthly

For medium loans:

  • The repayment amount will increase if you fail to pay in time
  • Interest will accrue on the outstanding loan balance
  • You will incur a service fee if you decide to reschedule your payment

For personal and car loans:

  • $5 dishonor fee will be charged

You can reach Nimble at 133156 if you find out the funds in your account won’t cover the repayment amount. This will stop direct debit and help you avoid dishonor fee.

Nimble may be inclined to record in your credit file if you default payment.

Customer support

Customer support is reachable in several ways.

Phone 133156 and +61756127200 for International
Office Locations 12-14 Marine Parade, Southport QLD 4215

2 Darling Street, South Yarra VIC 3141

Operating Hours

Weekday 7:00 am to 7:00 pm
Saturday 9:00 am to 5:00 pm
Sunday Closed

Final Thoughts

All factors considered, Nimble is a good money lender. The various loan types available make it even better as you can choose the loan that fits you. Although the interest rates make some Australians walk away, their overall services are great.

Now Finance Review

If you are an Australian facing a financial problem, chances are you have heard about Now Finance. Now Finance is an Australian based company that specializes in the provision of different loans.

nowfinance australia review

The company is headquartered in Melbourne. It also has offices spread over Australia to ensure better reach to its customers. Now Finance’s satellite offices are located in Brisbane, Sydney, and Perth.

The company has a variety of loans accessible to any eligible customer looking to get out of a fix.

Like other players in this field, Now Finance offers loans that can be used for various purposes. This includes travel expenses, debt repayment, medical bill, household funding, and even buying a car.

Now Finance Products

Now Finance offers different loan products to its customers. The choice on which product to settle with depends on your individual needs.

Some of the loans available at Now Finance include:

Debt Consolidation loans

Managing different debts you owe can be tedious and exacting. This is where the principle of debt consolidating comes in. Debt consolidation involves collecting all the debts you owe together into a single payment.

Now Finance provides you with a solution by giving you an option to bring together all your debts. You can then manage them by regular weekly or fortnightly payment.

A debt consolidation loan will put you in a better position as you manage your funds.

Travel loan

Lack of funds can stand between you and the dream holiday or getaway you desire. Planning for a good trip then realizing you don’t have enough funds will leave you shattered. That, however, doesn’t have to be the case.

If you need a little help to make your travel plans fantastic, you can apply for a travel loan at Now Finance. Don’t give up on that road experience you desire when aid is only a few clicks away.

Vehicle finance loan

Owning a vehicle in Australia eases your commute, not the mention the comfort it brings. Almost every Australian wants to own a car or at least upgrade to a new one.

With a loan from Now Finance, you can easily bring it all to reality.

Home improvement loan

Making renovations and doing house furnishing is expensive. If you lack enough funds, you can borrow a loan and make all the improvements you intend to. Now Finance offers you a number of loan options for home improvement purposes.

The home improvement loans have fixed interest rates. You can also set up a payment schedule that suits you.

Medical Expenses

Unexpected expenses, such as medical bills for your family member or yourself, can be stressful. Now Finance offers you a loan option that ensures you pay your bills and get treatment or surgery. You can repay the loan later when your health is restored.

Joint loans

You can also apply for a joint loan with your partner. For a joint loan, you and your partner should be living in the same address and, of course, in a relationship.

Joint loans are ideal if you intend to use the funds together as a couple.

In the event of an early payout, no fee is charged. Just like any other loan, the joint loan has a repayment period of 18 to 84 months. You can also set a weekly or fortnightly loan repayment schedule

Joint loans can positively affect your borrowing capacity. As this loan is ideal for couples, you can agree to repay the loan using household income.

Even if you are unemployed, you can get a loan from Nowfinance.

How does Now Finance work

Loan acquisition at Now Finance is straightforward. To get a loan, all you need is to visit their website and apply for it. You can alternatively call Now Finance and you will be guided on how to get a loan quickly. It shouldn’t take more than 15 minutes to apply for any loan type you want.

If you apply for a loan, say not later than 2 pm (EST) you will get a decision about the loan approval on that very day.

Now Finance’s website clearly outlines all the loan types you can apply for. All loan terms, eligibility criteria, and application procedures are also clearly outlined.

Applying for a loan from Now Finance comes with a number of benefits. Some of the benefits are:

  • You get your Australian-based loan advisor to help you with making financial decisions.
  • The personal loans at Now Finance have average fixed interest rates
  • Some loans, e.g., those of up to $40000, have a long loan term: extending up to 7 years.
  • The loan terms and repayments are scheduled to suit your needs.

Is Now Finance safe?

Now Finance is part of the Wingate Consumer Finance Pty Ltd ACN 158 703 612 Australian Credit Licence number 425142. It prides itself on providing loan solutions to customers in need of some quick cash.

The company has an excellent rating from TrustPilot and excellent reviews as well. It has a Trust Score of 4.8 out of 5.

85% of Now Finance customers find it excellent, while 12% more find it great.

To say the least, Now Finance is safe and also reliable.

Why choose Now Finance?

There are a lot of loan providers and money lenders in Australia. Before settling for any provider, it is important to weigh all the pros and cons.

Here are some of the reasons why Now Finance should be on your list of loan agencies when you need a loan.

  • Unlike some other loan providers, at Now Finance, your application is reviewed individually by a person. No software is used in the assessment process.
  • Loan haves flexible loan terms. The personal loan has a repayment term of up to 84 months.
  • Now Finance allows you a flexible repayment schedule
  • The interest rates of loans from Now Finance are better compared to other lenders
  • You get access to your loan advisor who is based in the country

Types of loans

There are various loan options available at Now Finance. Some of the loans are secured while others are unsecured.

Secured loans refer to those where you have to attach part of your personally owned property, such as a sailboat or car, to act as security. Unsecured loans do not need you to attach your property.

Of the two, secured loans have a lower interest rate.  Below we take a more in-depth look at both loan options.

Secured personal loan

For the secured personal loan, you can attach either your motorbike, vehicle or boat. The interest rate for secured personal loans starts at 7.59% to 15.45% per annum. A 9.59% to 17.59% annual comparison rate also applies.

The main benefit of applying for a secured personal loan at Now Finance is that it guarantees you a low-interest rate on the loan you will be applying for.

The secured personal loan has a repayment term of 18 months to 84 months. However, it depends on the loan amount you are borrowing and your repayment schedule. You can opt for a weekly or fortnightly repayment plan.

You can borrow anywhere between $15,000 and $50,000 for secured personal loans.

The value of the property or asset you offer as security will be based on internal estimates. The collateral item has to be worth more than 1/3 of the loan amount you are borrowing.

It is worth noting that specific guidelines may apply to the type of car they accept.

If you have no property to set as security or you don’t intend to attach property, you can go for the unsecured personal loan at Now Finance.

Unsecured personal loan

For the unsecured personal loan, you can apply for any amount between $5,000 and $40,000. Just like the secured loan, this loan has a repayment term of 18 months to 84 months.

However, you don’t need to attach anything as security.


Loans at Now Finance have different interest rates. A comparison rate that’s calculated annually also applies.

Now Finance demonstrates this by using an example of an unsecured loan of $30,000 with a term of 5 years. The minimum amount payable would be $38,610, calculated from the lowest interest rate 8.95% yearly. In this case, a 10.56% comparison rate yearly was also applied. The amount payable was estimated using the weekly payment plan. Additional fees such as $495 establishment fee and $13 administration fee charged monthly were included.

Note that the comparison rate was based on a loan amount of $30,000 over a term of 5 years. For this reason, other loans you apply for might have a different comparison rate because of their terms and other additional charges

Eligibility Criteria

The general eligibility criteria require that applicants meet some requirements before applying for any loan at Now Finance.

You must:

  • Be an Australian or a permanent resident of Australia
  • Have attained the age of 18 or more at the time of application
  • Be employed. Both full-time and part-time employment qualify. If you are self-employed, it has to be for a period of not less than 2 years. If you have a casual job and you have been working for over 6 months, you qualify for a loan at Now Finance. Centrelink payments are considered as a secondary income.
  • Not have defaulted any loans before. Besides, you should not have an existing payday loan.

You don’t qualify to get a loan if you are bankrupt.

Some loans may require you have a copy of the following documents:

  • An Australian drivers license or Medicare card
  • An Australian passport
  • Your identification card
  • Any document that shows proof of income earning or employment
  • Rent or mortgage payment receipts

Loan Application

The application process is quick and straight forward. The whole task will take you about 20 or so minutes if you have a good internet connection.

Visit Now Finance’s website and get your individual rate to get started.

Here is why you should check your rate:

  • Getting an individual interest rate means you don’t have to pay your loan with the standard interest rate
  • It doesn’t cost a dime
  • The process of checking your rate is straightforward and only takes minutes
  • It does not affect your credit score

You can alternatively apply through the phone. Call 1300 275 669 and get in touch with a loan advisor. The loan advisor will guide you through the application process.

If you are taking the online approach, here is a simple guide. First, you have to know your individual rate before moving any further.

Fill in the form available at ‘get my rate’ page and then sit back & relax. Your rate will be sent to you in a matter of minutes. Note that the rate doesn’t change as you go on with the loan application process.

Once you are aware of your rate, go on to finalize your application. You may be required to send some documents to verify your information. The process only takes a few minutes.


After you are done applying for the loan, it is conclusive to say you are through with the involving part. Now Finance will review your loan application to determine whether you will get the loan or otherwise.

The approval process takes a short while. You will get an answer as soon as your loan application is assessed.

Transfer time

If your loan application is successful and has been approved, the funds will be transferred to your account. The transfer time is typically 2 business hours.

The upside of having a loan advisor is that he/she will guide you through the whole application process. You can also ask your loan advisor any questions regarding the loan.

Loan Repayment

Now Finance is flexible when it comes to loan repayment. The loan repayment term is between 18 to 84 months.

Interest, as well as other fees, will be included in the total payable amount.

Customer support

The customer service at Now Finance is good. Should you have any inquiries, you can also go through the website’s FAQs. At the FAQs page, Now Finance has posted answers to the queries commonly asked by the customers.

Most of the questions under the FAQ section can be very helpful especially if you had a similar issue.

If you are not satisfied, you can reach customer support through a number of ways. They include Email, Live Chat, and Phone.

Phone 1300 275 669


Office Locations Melbourne, Victoria



There are offices in Brisbane, Sydney, and Perth too.

Customer support does not operate on a 24/7 basis. Nonetheless, they are responsive and give relevant solutions to inquiries.

Operating Hours

Now Finance operates 5 days a week. Therefore, it is advisable to apply for a loan during the week. Your application will be reviewed and you may even receive the funds on the same day.

Weekday 9am – 8pm
Saturday Closed
Sunday Closed

Final Thoughts

Apart from the interest rates and additional fees, Now Finance is just as good as any other loan agency. The wide variety of available loans is a plus. The loan terms are also favorable.

However, the fact that customer support isn’t available 24/7 is a letdown.

Frequently Asked Questions

Can I get a loan from Now Finance if I am self-employed?

Now Finance does not restrict self-employed Australians from getting a loan.  However, your business ABN has to be registered for a period of more than one year. You will also be required to produce your ATO issued Individual Notice of Assessment.

What is a Joint Personal Loan?

A joint loan refers to a loan option for two people in a relationship that is applied for conjointly. Both co-applicants share repayment responsibility. To qualify to get a joint loan at Now Finance, you need to be living with your partner.

If your join loan application is successfully approved, you and your partner will become co-borrowers. Together, you become liable for the loan.

Before applying for a joint loan, you must ensure that both of you individually meet the eligibility criteria.

How much does it cost to get my credit score or credit report?

Getting your credit score costs nothing.

To access your credit report, get in touch with one of the leading credit agencies in Australia. Equifax and Experian are the preferred agencies.

Does everyone applying for a loan have a credit history?

When you borrow a loan, the information is recorded in a file. Any information about the debts you have is also noted down in this file.

If you have not applied for credit or borrowed a loan, there exists no credit file. By extension, it also means you don’t have a credit score. This explains why most Australians below the age of 18 lack credit scores.

What can I use my loan for?

At Now Finance, you are not limited on where and what to use the loan for. People face different struggles. Fortunately, Now Finances understands that. You can use your credit for various purposes.

They include a family vacation, university fees, medical bills, car repair, shopping, and even utility bills.

Does applying for a personal loan from Now Finance affect my credit score?

When you apply for a loan, details about it will be noted down in your credit file. How you repay the loan affects your overall credit score. Note that delayed payments and defaults will negatively impact your credit score.


Personal Loan Comparison

A personal loan is a type of unsecured loan, meaning they’re not backed by any form of collateral.

Personal Loan Comparison

You don’t risk losing any assets if you’re unable to pay. However, they do tend to have higher interests rates than secured loans. This is because they are more of a risk to the lender.

Guide to Personal Loan Comparison in Australia

Personal loans can be used for many purposes from buying expensive items to paying off debt.

You might be thinking: “is it wise to pay off a debt with another debt?” It can be. For instance, personal loan interest rates are typically cheaper than those on credit cards. So consolidating the debt from multiple high-rate credit cards into one payment can help in the long run.

Best Loans in Australia

Here are some of the best loans offers we could find:

Name Interest Rate (p.a.) Loan Features Review
review From 8.95% (fixed) $5000 or more + No Security Required
review From 35% $2000 or more + 5 Minute Application

Other loans include ING Home Loans and Wallet Wizzard.

How to Compare Personal Loans

Just like when purchasing a pair of shoes or a new phone, it’s best to shop around first. Comparing personal loans isn’t that hard if you know what to focus on. In this section, we’re going to be discussing the most important factors.

1. Comparison Rate

Comparison rates help you figure out the true cost of a loan. Calculate as a percentage, it includes the interest plus all the additional fees that lenders charge you for taking out a loan. The way comparison rates are calculated can differ between lenders. However, they’ll typically let you know how exactly they arrived on the figure.

2. Interest Rates

Interest rates should still be considered independently as well. Comparison rates factor in one-time fees but interest is what you’ll be charged throughout the term. Hence, it’s always best to ensure that you’re getting a competitive rate on your loan through comparison. Typically, personal loan interest rates can vary between 6% to 36%, depending on your credit score.

3. The Type of Lender

Banks aren’t the only option when it comes to getting personal loans. In fact, credit unions typically offer smaller interest rates and few fees. In addition to these, you can also find good marketplace lenders who typically tend to expedite the loan process.

If you’re thinking of approaching a marketplace lender, we highly recommend NowFinance. They offer a competitive fixed-rate at 8.95% per annum. Plus they let you borrow up to $40,000, depending on how good your credit is.

4. Loan Term

Personal loans aren’t a long term solution. Hence repayment amounts are typically larger than what you might get with a mortgage. If you are unable to pay big amounts, then you may have to seek out a lender that offers a long repayment term. However, the trade-off will be that you’ll pay way more in interest.

NowFinance offers multiple options when it comes to the loan term. You can choose from 18 months all the way up to seven years.

5. Flexibility

What if you wanted to pay off your loan quicker than the agreed-upon schedule? Here’s the thing: lenders don’t actually want you doing that. This is because the faster you repay the less they’ll collect in terms of interests. Hence, most lenders will tack on an early repayment charge. This can vary between lenders so it’s best to do your research beforehand.

6. Fees

All lenders will charge an upfront application fee before they begin processing your loan request. These can vary a lot between lenders and typically depend on the amount you’re trying to borrow. For instance, NowFinance charges $495 for a loan of $10,000 which isn’t bad as far as application fees go.

In addition to one-time charges like the application fee, you may also have recurring ones. Certain lenders charge a monthly service fee. This is usually around $10 to $15. Hence, make sure you factor this into your loan repayment budget as well.

Tips for Comparing Personal Loans

Now that you know what factors to consider, here are some tips to help you with your hunt:

  • Get as many quotes as you can – The only way to find out if you’re getting a competitive offer is to compare. Hence, try and get at least three different quotations from lenders before making a decision. The more quotations you get, the better. Make sure you request quotes from different types of lenders as well and not just banks. This will ensure that you get the best rates possible.
  • Avoid Hard Credit Inquiries – Hard inquiries or ‘hard pulls’ involve more stringent checks into your credit. Every time a lender requests a hard inquiry your credit score tends to drop a few points. However, this drop is only temporary and may even normalize before the inquiry is finished. The danger lies in having multiple hard inquiries within a span of a few months. This makes you look a little desperate to lenders, giving the impression that you may be in financial trouble and is setting yourself up for a lot of debt.

It’s best to avoid hard inquiries altogether but sometimes it can be difficult. Hence, if you’re not in too much of a hurry, try to at least spread them out. You can also try using online comparison tools instead of requesting from the lenders themselves.

  • Consider the overall Cost when Comparing – Just because you’re quoted a lower interest rate doesn’t mean it’s necessarily cheaper. Let’s say you’re looking at two offers with 10.56% and 8.50% fixed rates. If the second offer is a year longer on its repayment loan, then it might actually be more expensive. The same could be true if it charged a monthly fee while the other didn’t. Hence, always consider the overall cost of a loan.
  • Go through the Fine Print – The fine print is where lenders detail things like extra fees and penalties like the early repayment charge. If you’re looking at a variable rate loan, the fine print will contain information on how often the rate is adjusted. The more frequent the adjustments, the higher the risk that you’ll pay more.

Personal loans can be quite useful during financial emergencies when you don’t have collateral to offer. However, just because they’re easier to get doesn’t mean you shouldn’t shop around first. Comparing loans will help ensure that you get the best offer possible.

ING Home Loans

Home loans are what stands between most people and their dream homes.

ING Home Loans

Before anything else, it can be quite difficult and nerve-wracking to find an offer that works for you. In this article, we’re going to be talking about ING Home loans specifically and why you should consider them.

About ING Australia Home Loans

ING Australia is part of the ING Group which is a Multinational bank from the Netherlands with assets totaling US$1.1 trillion. This has allowed it to be ranked among the top largest 30 banks in the world.

ING is a purely online institution, which may understandably rub some people the wrong way. However, we feel that the two biggest concerns with online lenders are mitigated in ING’s case. First of all their home loan interest rate is well within the average rage. Typically online lenders have a tendency to charge more than regular banks. In addition, the former is more likely to go out of business, compared to the latter. However, as mentioned above, ING has enough assets to stay afloat during times of crisis.

Best ING Home Loans Alternatives

Here is a list with the best loans companies that might be better than ING:

Name Interest Rate (p.a.) Loan Features Review
review From 35% $2000 or more + 5 Minute Application

If you are unemployed, there are some companies that can give you a loan.

ING Track Record in Australia

With an  Australian banking license since 1994 and ING has handled over 4 million mortgages to date. Hence they’re experienced lenders with a solid reputation and large customer base all across the country.

What do they specialize in?

ING primarily focuses on savings accounts, superannuation options, transactions and business products including ING refinance. They offer services and products to a wide variety of demographics including investors, homeowners, borrowers consolidating debts, those looking to refinance…etc.

ING Home Loan Features

1. Deposit Size

In order to be eligible for a mortgage, you need to have a certain percentage of the mortgage’s total value already deposited in your account. This percentage can vary vastly between lenders. With ING, the deposit size needed is 5% and so the remaining 95% will be issued. As of now, 5% seems to be the average in the mortgage market so it’s definitely not a bad deal.

compare ING loans

2. Offset Account

Borrowers use offset accounts to offset the amount of interest they pay. Every dollar that you place in your account goes directly towards reducing it. For instance, let’s say you take out a mortgage of $350,000 but you had $20,000 saved in the offset account. In this case, your interest charges will be calculated based on $330,000 instead of $350,000.

ING offers a 100% offset account which means that the exact scenario above will apply. However, certain other lenders may offer partial offsets. These only discount a percentage from the total amount you’ve saved in the account.

3. Split Rate

A lot of home buyers have trouble deciding between fixed and variable home loan rates. If rates are predicted to drop, then the latter can more favourable. However, there’s always the fear that the market could suddenly take a turn for the worse.

Fortunately, with ING’s split rate feature, you don’t have to choose. You can have certain portions of the home loan as a fixed rate and the rest as variable. This allows you to take advantage of reduced rates in the future while also having some stability.

4. Interest-Only

ING offers interest-only options with two of its home loan products: Mortgage Simplifier and Orange Advantage. Interest-only loans are basically loans where you only pay interest each month. The lump sum of the home loan will be paid at once at an agreed-upon date in the future.

Interest-only loans are beneficial if your finances aren’t all that great right now but you expect it to become better in the future. By paying only interest, you get the opportunity to save up.

5. International fee waiver

If you open a Orange Everyday account, ING will give you a pass on international transaction fees. This can be very beneficial for those  looking to buy a vacation home abroad or perhaps get an Airbnb started.

ING Home Loans – the Numbers

Lets answer some frequently asked questions. Leave a comment below, if you have more questions.

With a loan from ING, how much can I borrow?

ING’s home loans let you borrow between $150,000 to $500,000. Of course, your maximum borrowing power will depend on your credit score. If you don’t know exactly how much you need to (or should) borrow, we recommend consulting an online home calculator first.

What are the interest rates for an ING direct line of credit?

ING home loans charge fairly standard interest rates, ranging from 3.03 % to 3.49%. Again, depending on your credit score, this can vary. For a more accurate indicator of the total cost of each home loan, you’ll need to pay attention to the comparison rate. The comparison rate factors in charges and fees as well, not just the interest.

Are there any ongoing fees?

The Mortgage Simplifier loan does not charge an annual or a monthly fee. On the other hand, the Orange Advantage charges an annual fee of $300 a month.

Is there an application fee?

ING does not charge an application for their home loan products.

Who is Eligible for an ING Home Loan?

While each loan product has its own criteria, there are basics that apply to each. These include:

  • Being over 18 years of age
  • Holding an Australian residence visa
  • Having a stable income

In addition to these eligibility criteria, you’ll have to provide the right documentation in order to be approved. These include:

  • Identification such as your passport or driver’s license
  • Proof of income – this can be a job confirmation letter or better yet, your recent payslips
  • Assets and liabilities – these include documents of your savings, investments and any outstanding debts.

What about Personal Loans?

In certain cases, personal loans can be a better alternative to home loans because they’re unsecured. This means that you don’t have to offer up collateral or 5% deposit in order to qualify. Personal loans are best if you’ve already procured most of the amount required but need a little bit more.

For personal loans, we highly recommend NowFinance. It’s got a competitive fixed interest rate and lets you borrow up to $40,000.

How To Invest $5000 in Australia

invest 5k australia
If you’re about to invest for the first time, then we recommend starting off with small amounts. In this article, we’ll discuss how to invest $5000 while living in Australia.

An amount like $5000 may not seem like a big deal at all. However, if utilized correctly, you can still get a decent return. Over a long period of time, even $5000 can yield a significant total. Furthermore, it’s quite a safe amount if you’re an amateur. You can use it to get a feel for how investing works.

Where To Invest $5k In Australia?

Even with $5000, you still have a decent number of investment options available to you in Australia:

1. Stocks

As long as you do your homework, you can make money on the stock market. While you won’t be able to buy into high-risk assets like Bitcoin or the Nasdaq Composite Index with $5000, you still have lots of options available. For example you can buy apple stocks.

2. REITs

Real Estate is always a great investment market. According to a 2018 report by ASX, one can expect 8% annual returns by investing in Australian residential properties. But how can you expect to buy properties with just $5000?

The good thing is you don’t have to. Instead, you can buy shares in Real Estate Investment Trusts (REITs). REITs lease different types of property and then collect rent on them. Afterward, that income is distributed as dividends to shareholders. Hence, with $5000 you can still profit off of the real estate market!

There are many different types of REITs you can invest in, including:

  • Equity – These funds own and rent out properties. Hence the income comes from rent and not the sale of properties
  • Mortgage – These REITs earn money by charging interest on mortgages they lend
  • Hybrid – Rents out properties and lends mortgages as well
  • Publically Traded – These are REITs that are listed on national security exchanges

3. Gold

As mentioned above, gold is a very stable investment. You can use it to counter the effects of economic crises on your assets. The thing to remember about gold is that it isn’t really a way to make money. While it does retain its value, it takes ages for that value to rise.

In Australia, there are three ways to invest in gold:

  1. Physically owning gold assets – this includes gold in the form of coins, jewelry, bullion..etc. When buying jewelry, you should be careful to buy as close to the market value of gold as possible. Things like the design of the jewelry shouldn’t account for the price because it doesn’t retain value as well.
  2. Buying into ETFs – gold-backed ETFs are a way to invest in gold without physically owning it. You also don’t have to pay storage fees.
  3. Owning shares in mining businesses – share prices of mining businesses correlate to the rises in gold’s value. However, if these companies continue to fail at mining gold, then their future (and thereby your investment) becomes volatile.

While $5000 may not seem like a big amount, you can still invest it in a number of things. Before you invest, consider how much risk you can handle. Your current financial situation and your future goals should give you some idea of this.

There are two main things you need to consider: the current financial situation and future goals.


Each investment venture carries a certain amount of risk. It’s something you can’t get rid of. Of course, you can take measures to minimize it.

For instance, billionaire Warren Buffet always does thorough research before he buys up shares. Unlike a lot of people, Buffet hardly ever pays attention to trends in the stock market. Instead, he focuses on the company itself. The question he tries to answer is: “does this company have a good future?”

In order to figure this out, he looks at details like the following:

  • Company’s performance over the last 10 years
  • The goals of the management
  • How much debt and equity the company owns
  • Changes in profit margins over the company’s existence

By doing this kind of research, Buffet is able to determine whether the company’s stock is currently undervalued. If that is the case and he foresees growth in the future, he buys into it.

Your Current Financial Situation

Your current financial situation determines exactly how much risk you can handle.  Warren Buffet can afford to lose millions of dollars, while you probably can’t.

Consider how tight money is right now? Do you find yourself living paycheck to paycheck? Then it’s likely you might have to dip into the $5000 in question in the near future.

If that is the case, you can’t afford to have it tied up behind a risky investment. Instead, a more stable investment instrument is more appropriate, such as a cash investment. These don’t give you much in terms of returns at all. On average, cash investments in Australia yield gross annual returns of only 3.6%.  That’s the trade-off when you want to be ‘safe’ with your money.

If you don’t mind having the $5000 in a long-term investment, then consider government bonds. When you invest in these bonds, you’re basically lending money to the government. In return, the government pays you back at an average interest rate of 6.2%.

Why Invest The Money If You’re Struggling?

People don’t always invest money in order to make a profit. Sometimes they do so because they want to retain the value of their assets. For instance, during inflation, the purchasing power of a currency goes down. As a result, the value of your assets can plummet. However, if you invest in the right instruments, you can hedge against inflation.

Gold is the best possible example of this. It always retains its worth and shoots up in value during times of political and economic crisis.

Your Future Goals

Your life’s goals should be taken well into consideration when choosing what to invest in. The choice to have or not have kids, for instance, is a very influential factor. If you plan on having children, then you need to have a decent repository of money. Hence, you absolutely cannot do risky things with it.


Instant Approval Loans

Even with the perfect plan in life, sometimes emergencies and unexpected situations come your way.

instant approval loans

You are forced to look left and right, trying to get your hands on some extra cash to find your way out of that fix. In case you get caught in such a tight spot, instant loans can be your savior.

By instant, we don’t mean that they are available in a flash.

  • They are available in a short time as long as you meet the eligibility criteria.
  • Their approval process is fast.
  • The lenders will quickly process your request and provide you with an outcome as fast as possible.

There is a wide range of financial institutions and lenders offering fast and easy loans today in Australia. You no longer have to go queue at the bank, fill out a 5-page application form and wait for a week to get an answer. Online loans are the in-thing now. You can borrow money online instantly by filling out a short form.

Best Loans in Australia with Fast Approval

Are you looking for the best way to get an loan? Applying online is hassle free and you can get the necessary cash from the comfort of your home.

Name Interest Rate (p.a.) Loan Features Review
review From 35% $2000 or more + 5 Minute Application

The loans companies listed above do not offer instant approval. They are a non-bank lender that apply rigorous analyses to each customers’ financial situation before granting loan approval, in line with the National Consumer Credit Protection Act (2009) and ASIC guidelines.

Notheless this is the fastest way to compare rates.

What are loans with instant approval?

As mentioned before, these are the loans whose approval process takes a very short time such that it can be viewed as instant. Moneylenders that offer such loans provide fast outcomes upon application. In Australia, not many banks or lenders provide such loans.

Most if not all the money lenders offering this type of loans have an online application process. Loans that have an online application process are called online loans. For such loans, the money will be deposited to your bank account if your application is successful.

You can also apply for cash loans in the case you need some extra funds on the double. This loan will help you get some cash in advance to help iron out the issue you face. Cash loans can be accessed and used to settle various bills just as cash at hand would.

Just like any other loans, the application process is simple. Repayment of cash loan is over an agreed period with the lender.

Besides online loans, there are also guaranteed approval loans. As the name suggests, for these loans, you are assured of getting the loan you apply for.

As they come ‘easily’ you have all reasons to be suspicious about guaranteed approval loans

Why guaranteed approval loans aren’t the best idea

The government, as well as other bodies such as ASIC, regulate and oversee lenders in Australia. The government in particular strictly specifies that the lenders abide by some regulations.

  1. The lender has to consider your financial situation along with the reason and need for the loan you are applying for. This may include how much you currently earn, how you spend and your stability in financial terms.
  2. By the same token, the lender has to consider other factors such as the credit score and your repayment plan. Other lenders will not necessarily review credit history as much but will carefully evaluate the other factors. This is because the poor credit history may have been a result of an incident that happened a long time ago hence doesn’t depict your current position.
  3. The lender should also make a complete assessment of the loan application.

This will determine whether your loan application is successful or not.

Since lenders that offer guaranteed approval loans don’t keep into consideration all those factors, it is not advisable to get such a loan.

How does the loaning process work?

You are probably wondering how the loaning process works or how much you can get. Well, we’ve got an answer for you. The loaning process is simple, really. First, you have to be decided on how much money you need to borrow.

In Australia, most lenders can provide up to $10,000, although you can get small online loans of about $2,000. Once you know how much you want to borrow, visit the lender’s website, fill in the amount you need on the loan calculator and then proceed with the application form.

The lender will go through your application (some lenders have an automated system that does the application review). If you are successful, you will receive the amount in your account. The approval time is short. However, depending on your bank, the time you receive the funds may vary.

No paperwork and no queues. You don’t have to wait for a week or more. It is that simple. If you have bad credit, you can still apply for 24/7 instant cash loans for bad credit. For some lender, good credit history is not a must-have requirement. Just like bad credit loans, you can also get a loan if you are on Centrelink benefits.

Lender-finder services

In case you are not into applying for a loan through a direct lender, you can alternatively use a lender-finder service provider.  Lender-finder service providers work by connecting you with lenders that offer the loan you are borrowing.

They will find a lender within the shortest time possible for you. This will save you the need to look for the lender yourself.

Just like applying for a loan directly, apply, and the lender-finder service provider will find you a lender. The lender will then consider and review your loan application before approving it.

Some of the reasons for reviewing loan applications include:

  • To confirm that you can actually be able to pay for the loan you are borrowing
  • To make sure that you don’t have any other loan (s) that are due to a different lender

Lender-finder service providers have partnerships with reliable lenders, including those that offer loans for gamblers.

If your loan application is successful, your funds will be transferred to your account on the very day or the next business day depending on the loan approval time. Also, your bank might affect the duration it takes to get your funds into the account.

How can I use the loan?

The need to get that instant approval online loan can be for various reasons. These reasons vary from one individual to another. Fortunately, money lenders don’t limit you on what and how to use the loan.

Here are some of the reasons why you may want to get a quick loan:

  • clear your medical bills or those of a family member or friend
  • cater for wedding expenses
  • carry out home renovation
  • pay for your car’s repair and registration
  • purchase some household items
  • pay urgent bills such as internet services

This is not to say that they are the only reasons why you should apply for a loan.

Pros and cons of online loans with instant approval in Australia

They can be used to cater for different personal need as the lender doesn’t restrict you on what or where to use the cash Lenders will charge a lot for these loans compared to other loans
The processing time after the application is very short as such you get an outcome almost instantly Some of the lenders offering these loans have a bad history or have had run-ins with bodies such as  ASIC
Their application is online, which makes it easier and convenient. No need to wait in lines and fill dozens of papers. They are not guaranteed

Before applying for this loan, you should put into consideration all the factors surrounding the loan and your needs too.

What is Bad Credit

You have probably heard about bad credit. Bad credit can be a result of late loan repayment or defaulting payment. Either way, it is a record you don’t want on your report. The big question regarding bad credit has always been ‘Can I get a loan even though I have bad credit?’

Bad credit is like that persistent brown stain on a white shirt that doesn’t come out no matter the detergent you use.  A record of bad credit usually dents your credit report as well as credit score. It may have happened about five or so years ago but remains of negative effect. Such a negative impact can affect your chances of securing a loan.

That is not to say that you can’t get a loan with bad credit. Although it may be hard to get a loan from a bank, some lenders do not categorically consider your credit history. They use other criteria to determine if you can be able to repay the loan. For instance, if you have a regular income source, you may be able to get a loan even though you don’t have an excellent credit score.

Credit Score

A credit score is a figure calculated from the evaluation of your credit file. Credit score ranges between 0 – 1000 or 0 – 1200 depending on the scale. Credits scores are used to tell about an individual’s borrowing behaviour.

The credit score is obtained from the data in your credit report such as the amount borrowed, delayed or defaulted repayment and bankruptcy details.

The two standard credit reporting bureaus in Australia are Experian and Equifax. Here is a breakdown:

Weak 0 – 549 0 – 509
Fair 550 – 624 510 – 621
Good 625 – 699 622 – 725
Better 700 – 799 726 – 823
Excellent 800 – 1000 833 – 1200

As you can already tell, a higher score means it is easy for you to secure a loan.

General application procedure

Below is the general application procedure, although some details may slightly vary depending on the lender you choose.


To be eligible, you are required to:

  1. Be 18 years or older
  2. Be an Australian citizen or permanent resident. If you are a non-resident, you will be required to provide your visa. Note that the repayment term has to be before the expiry of your visa.
  • Have been getting a regular income to your bank account for at least three months prior to the loan application. Centrelink benefits may count as regular income.
  1. Be reachable, i.e. have an active email address and mobile number in case the lender has some questions for you


Head over to the lender’s website. Some lenders have apps which work just like the website.

Find the loan calculator, usually at the top of the page and slide the amount you want to borrow as well as your preferred repayment terms. Proceed to click the ‘Apply Now’ option.

At this point, you will be required to fill in your details such as personal and contact information as well as MyGov account details if you receive Centrelink payments.

If the lender considers a bank statement to approve the loan, you shall be required to attach a copy.

Submit the application form once you are done filling the required details.

Your loan application will be processed. The lender will make an instant decision and then give you an outcome. If your application is successful, you will receive a contract via the email address you provided.

Make sure to go through all the details of the contract carefully before signing it. After you have forwarded the contract, you will receive the funds in your bank account. Note that inter-bank transfer times and operation hours may affect the time it takes to have the funds in your account.

The lender will then transfer the funds to you but keep in mind, access to the funds is dependent on inter-bank transfer times.

Avoid applying for loans over the weekend. Instead, apply for the loan during business days preferably within the operating hours. Most money lenders do not operate during weekends, and even if they do, the bank will not process your loan until the next business day.

Loan Repayment

Most lenders, in Australia, will deduct the loan amount at set intervals from your account until the loan amount is completely settled.

Prior to the repayment date, you will receive an alert to inform you of the pending loan amount.

(FAQs) Frequently Asked Questions

How much can I get as a loan if I have bad credit?

A credit check is not the only aspect considered when reviewing your application. Most money lenders will indeed be inclined to check your credit history, but some are not tied to credit check alone.

Such lenders who don’t necessarily check your credit will, however, factor other aspects such as the income you regularly earn, how much you spend and your current financial situations. If you are lucky enough you will get a loan amount the lender feels you can repay without struggling or going into a financial crisis.

The common no credit check loan options are payday loans and personal loans. Lenders providing these loans are equally subject to ASIC and the Australian government too. There are significant differences between these loan options.

While payday loans have short repayment periods, personal loans can be repaid for a period spanning several months. Payday loans usually have strict terms and come along with high-interest charges compared to personal loans.

Even with bad credit, some lenders may offer you a loan amount of up to $2,000. You can also get an unsecured loan that doesn’t require the attachment of your owned assets as financial security.

Can I get a loan if I receive Centrelink payments?

You can also get a loan if you receive Centrelink payment. Some lenders offer loans on Centrelink up to a certain amount. After all, financial problems don’t discriminate on individuals based on whether or not they get Centrelink benefits.

Am I still eligible for fast approval loans if I’m unemployed?

You could be unemployed but still, receive regular income. If that is the case, you can also get a fast approval quick loan for unemployed people. During your application, attach a copy of the evidence that proves you earn a regular income.

How much can I apply for?

The loan amount you can apply for depends on your financial problems.

  • Small loans: You can apply for small instant approval online loans that start at $300. These loans are capped a $2,000. Small loans are usually unsecured. They have a repayment period of 1 year.
  • Medium loans: They range between $2,000 and $5,000. Unlike small loans, these are secured. They have a repayment period of up to 2 years.
  • Large loans: These are loans that exceed a sum of $5,000. In most cases, they are capped at $10,000. They have a repayment period similar to medium loans. They also require you to attach a personally owned asset as security.

Name Interest Rate (p.a.) Loan Features Review
review From 8.95% (fixed) $5000 or more + No Security Required