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.

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

How To Invest 20k

invest 20kDo you have AU$20.000 or more to invest and you are from Australia? We’ve go you covered in this article. We will show you the best 20k investment ideas for new investors.

The entire premise of investing rests on the concept of trying to earn as much profit from the money that you initially invested. This is why most experts would suggest that $20,000 is a good amount to start with.

Now, when you do have that amount in hand, your next question may be, how do I invest $20K in Australia?

Luckily Australian investors have a lot of investment choices to choose from.

Here is my #1 Investment Idea: invest in stocks, cryptocurrencies or commodities. There are only two ways to make a lot of money online: real estate and investing in stocks.

This is what I recommend:

  1. Go and register on (Highlow is a trusted Australian broker)
  2. Make a small deposit ($500 if enough to start with)
  3. Work on your strategies and deposit more later on

This is the most simple, easy and hassle free way to get started with investing. If you need more info read our Highlow review.

Well, this article seeks to answer that question and to help you determine the best way to invest your money. This will help you make a considerable return. Here is what you need to do:

1. Determine Your Financial Goals

One of the first steps is to take a close look at your current financial situation and then determine your overall goals. This information will make it easier for you to figure out just how much risk you can incur with your investments. Thus, by examining your financial status and understanding where you want to end up, you can identify which investment opportunity is best for you. Let’s take a closer look at this phenomenon.

For instance, are you someone who may need access to money urgently, even though you do have $20,000 to invest? In this scenario, you may not be able to withstand a great deal of risk. This is because if you were to experience a small loss, this would affect your monetary situation, particularly if you required the money for an emergency.

$20k investment ideas australia

On the other hand, if you are someone who does not need to touch your investment money, you can handle some risk. So, look for long-term investments that will allow you to garner considerably higher yields, even though there is some uncertainty involved.

Now, when considering financial goals, you also need to focus on how much money you would like to make within a certain period of time. For instance, if you are relatively young and have a long time until retirement, you can opt for a financial avenue that offers lower yields but also with less risk involved. In the event that you are rather close to your retirement age, it makes sense to invest in higher yield financial structures.

2. Which Type of Australian Investment Ideas Are Right for You?

Once you are a bit clearer on your current and future financial aspirations, it is time to move onto the investment ideas that are best for you. There are a few options available, depending on the type of risk you can accept as well as your preferred return on investment. Here is what they are:

A) The Moderate Risk, High Yield Option

Imagine that you don’t mind experiencing small losses as long as you are likely to get a good return on your investment. Here, you will find that equities such as shares are your best option. Australian shares, in particular, have a history of offering long-term, high yields on your investment. While there may be highs and lows during that period, it is still a great way to multiply your original 20K.

Of course, this does depend on you choosing the right stock, at the right time. So, if you don’t have too much experience in the stock market, it can be helpful to get some guidance in the form of a financial advisor. This is especially true if you are looking to invest most of your savings in shares and stock.

When investing in stocks:

  • you can expect a return per annum that ranges from 4 to 7 percent, and even higher.
  • To enjoy better results, it is important to focus on companies that will do well in the future.
  • You should keep in mind that previous fiscal performances of a company may not have a significant bearing on their future position.

If you don’t want to go through the trouble of choosing the stock yourself, you can invest in an Exchange Traded Fund or ETF. In this instance, your money is pooled together in a fund, along with other investors, and a manager will invest them in various assets. So, the ownership of the asset, here, is indirect. If you want to learn about trading, you can read some trading success stories here.

Although you can make quite a large profit with an ETF, there are also some downsides to consider such as underlying fluctuations and a lack of liquidity. This is why you need to be careful about which fund  you join. Now, to avoid any negative tax implications, you will find it best to opt for an Australian ETF that more or less deals with local investments.

B) The Low Risk, Moderate Yield Option

If you don’t want to incur too much risk but still want a decent return on your investment, then you may want to consider Australian government bonds. These can be traded on the Australian Securities Exchange (ASX) and can be either Exchange-traded Treasury Bonds or Exchange-traded Treasury Indexed Bonds.

With Exchange-traded Treasury Bonds, there is a fixed face value – this is the amount that you will get back once the bond has matured. These will have the same annual interest rate until maturity and this will be payable every six months. Now, the face value for Exchange-traded Treasury Indexed Bonds is adjusted for the movements in the Consumer Price Index (CPI). You will be paid a fixed interest rate that is based on the adjusted face value. The payments will be made on a quarterly basis.

It should be noted that although Exchange-Traded Treasury Bonds are impacted by inflation, Exchange-Traded Treasury Indexed Bonds are not. The main advantage with bonds is that there is little risk involved but you do get paid on a regular basis. However, these may not be the most liquid options as the market value of the bonds will depend on the time that you are attempting to sell the bonds.

C) The Low Risk, Low Yield Option

While investing, there are certain ways to mitigate the level of risk that you are exposed to. Nevertheless, the downside with this option is that there is also a limit on how you can expect as a return. Still, if you are someone who can’t deal with losses or want to have access to your money with little notice, here are the best avenues in Australia for you:

  • First, there are high-yield savings accounts but the name is somewhat deceptive. This is because, when compared to stocks, these accounts don’t actually produce very high yields. They do, however, allow you to earn more interest than traditional deposit savings accounts. The main benefit of high-yield savings accounts is that they keep your money safe so you won’t have to worry about losing it. You could also take a look at vanguard.
  • Then, there are money market accounts – although these may not be the most interesting investment option around, they can offer you some advantages. Much like with high-yield savings accounts, money market accounts provide you with greater financial stability. As such, you can be certain that your money will not disappear at any point. This is especially true if you have around 20K to invest, as these accounts typically require higher minimum deposits to get started with.

These accounts are not just suitable for investors looking for lower levels of risk, they are also right for anyone requiring a more liquid investment option. You will find that, within reason, you are able to withdraw your money from these accounts when needed.

3. What to Consider When Investing 20K – Investment Ideas

As you can imagine, it isn’t enough to just narrow down the type of investment you want to engage in. You will also have to figure out what sectors and industries to focus on, giving you more investment ideas. This is rather significant as it can determine whether or not you can actually turn your initial investment into a long-term profit. You will need to do some research to figure out what these top-performing sectors are.

Often, it is a matter of figuring out what sectors are performing well in your own country. For instance, at the moment, Energy, IT, Materials, and Health Care are the best Australian sectors of the year. Nevertheless, Financials, Utilities, and Telecommunication are at the bottom of the heap. Thus, investing in the better-performing sectors gives you some protection from risk.

Of course, you can’t be certain whether a sector that is currently doing well will continue to do so in the future. Here, you will need to determine how a sector has been performing over a period of time. By looking at these various intervals, you will be able to see whether the performance is increasing or decreasing. Furthermore, you should also be able to make an educated guess regarding the growth or depreciation of the sectors over the next few years.

4. How to Spread Your 20K Around

It has already been mentioned that there is a certain level of risk involved when it comes to investments, especially if you are hoping to make some real gains. This is why investors constantly need to be on the lookout for a way to minimise this level of risk. The most useful way to do this is to diversify your investments.

By doing this, you spread your money across sectors and asset classes. The main concept behind diversification, though, is to invest in assets that perform contrary to one another. This way, if one of your assets are performing poorly, you can be fairly certain that the other set of investments will be making you a profit. You are then able to balance out your losses.

This leads to the question of how you should diversify your portfolio – namely, how much of your 20K should you place with each of your investments? In this situation, there may be a rule of thumb that you can follow, at least to a certain extent. So, subtract your age by 100 and the answer will tell you just how much to invest in at each opportunity. If you need more, here are 50+ passive ideas and examples.

For instance, let’s imagine that you are 30 years old. This gives you:

100 – 30 = 70

This means that you should put around 70 percent of your 20K towards riskier, high yield investments such as stocks.

You could invest the rest of the money in:

  • moderate
  • or low yield, stable options like bonds and savings accounts.

As the numbers show, when you are younger, you can handle more risk as it has time to even out during your lifetime. So, your investments in the high yield investments can offer a better profit. On the other hand, if you can’t afford to lose too much since you are nearing retirement, you need more low-risk investments.

Age is not the only factor. It is also about how much risk you are open to and even how much of your $20,000 you can afford to lose at any given time. If you want a more cautious financial plan, even out your investments between the high and low-yield options.

5. Growing Your Portfolio

Just because you started off investing $20,000, doesn’t mean you should be content with this amount. A good way to continue contributing more and more to your future wealth is by reinvesting any dividends or profits that you make on your initial investments.

As long as you don’t need to utilise these profits straight away, it can be helpful to reinvest them either in the same company or sector or to try another option. After all, the more you are able to invest, the greater your wealth will be by the time you are ready to retire.

In this article we answered the question: how to invest 20k Australia?

Simply go to Highlow and make your first deposit. Highlow is a regulated AU broker.
You can get started with a deposit under AU $1k.

This is all you need to know regarding investing 20K in Australia. We’ve shown you the best AU $20k investment ideas we know. So, if you do have this amount saved up, you are now aware of all of the right moves that you need to make to multiply this amount. The only thing left for you to do is to actually start investing.