Installment Loans takes the stress out of applying for personal loans online. To get started, simply fill in our online application form. We only ask for essential information, so this should only take you a few minutes. If you apply during normal business hours, we should be able to get back to you with an outcome within 60-minutes.

To be eligible to apply for Installment's fast loans online, you will need to meet the following criteria:

1. At least 18-years of age;
2. Are an Australian Citizen or Permanent Resident;
3. Have been receiving a regular income into a personal account for at least 3-months;
4. Have an active mobile number and email address.

Be sure to have your mobile, email and banking details handy when you start a new application. Additionally, if you are receiving Centrelink benefits, be sure to have your myGov details handy. If we need any more information, we'll let you know via text and email. So, once you've applied, keep an eye on your notifications.

By law, we are required to obtain the last 90-days of your most recent banking statements. We use this information as both a form of identification and as a platform to assess your suitability. When you provide your online banking details, we use the latest in safe-banking technology to access these statements. This allows our customers to avoid wasting time manually submitting their bank statements. All your details are secure and encrypted as you enter them. It is not possible for anyone at Installment Loans to see or access your online banking password.

Yes, Installment Loans will conduct a credit check on applications for short term loans. This is part of our responsible lending practices. However, we look at more than just your credit score. Installment Loans also focuses on your current relationship with money. For all loans, we ensure that we only provide an amount that we are sure a customer can reasonably afford to pay back.

Our digital application makes applying for fast loans online very easy. Being 100% online, you are able to apply at any time, seven days a week. We can only, however, manually assess your application when loan specialists are back in the office. Therefore if you apply outside of our business hours, we'll begin assessing your application when we're back in the office.

If you have signed your electronic loan contract by 4:30 AEST (during banking days), we'll begin transferring your funds into your account. On the other hand, if you confirm your contract outside of these hours, your payment will be processed on the next business day. Access to funds will depend on inter-bank transfer times, as well as your own bank's transfer policies. Getting your hands on quick cash loans has never been easier.

All of our small personal loans of $300 to $2,000 will incur:

1. A once-off fee of up to 20% of the principal. This amount is built into the repayments;
2. A monthly ongoing fee of 4% of the principal. This is charged per month or part thereof, where there is an outstanding balance.
3. There may be additional costs payable on your loan if you miss or default on a payment. These will all be outlined in your loan contract.

To find out more, head on over to our costs page.

A direct debit is set up from your personal bank account. From there, your repayments will automatically be deducted, on an agreed upon schedule. Having automatic repayments takes the hassle out of remembering to manually repay Installment Loans. Once your loan has been repaid, the direct debits will automatically cease.

If you feel you will be unable to afford a repayment on a particular cycle, please get in contact at least 24-hours before its due. If given enough notice, we are happy to reach an alternate payment plan.