How to Apply
Finding fast loans online doesn't need to be a grind. Instead, get to know the Installment Loans difference.
Our 100% online process has been designed to be as streamlined and user-friendly as possible. You'll be able to breeze through our application form in minutes and be on your way to finding quick cash loans in no-time.
We Get To Work
During our regular business hours, we'll do our best to get back to you with an outcome within 60-minutes of applying. We may, however, get in contact to ask for a little more information. So, kick back and keep one eye on your email and texts.
If you are approved, we'll get to work transferring your cash directly into your nominated bank account. Transfer times may vary, depending on how your bank handles transfers like these. At the latest, expect to see those dollars in your account by the next business day.
Who Can Apply?
To be eligible to apply for our cash loans, just make sure you meet our basic eligibility criteria:
Must be at least 18-years old;
Be an Australian citizen or permanent resident;
Be receiving a regular income into a personal bank account for 3-months;
Have an active mobile number and email address.
Can you say 'yes' to all of them? Too easy! Scroll up to our short term loans calculator to get started.
Fast Finance Online Made Easy
INSTALLMENT Loans is here to change the way Aussies access quick loans online. See, we aren't here to offer a payday loan with hidden fees and dodgy terms. Instead, we offer small loans without the nonsense. We're here to accommodate all Australians, bad credit and all! So, fill out our application form, and you'll be on your way to quick cash loans in no-time.
We Go Into Bat For You or By Your Side From Start To Finish
We'll always do our best to match you with the loan product you're looking for. Even if you are receiving Centrelink or have bad credit, we'll do our best to focus on the positives. If unfortunately, we can't help you out this time, our job isn't finished. If INSTALLMENT Loans is unable to match you with a loan product, we'll try to get in contact with our network of lenders and find you someone who can - completely free of charge! That's our breezy promise.
Your Friendly Neighbourhood Lender
INSTALLMENT Loans was started by Aussies, for Aussies. Our team of loan specialists knows what it means to live in Australia today. So, whether you're looking for emergency loans, or simply cash advance loans give your wallet a boost, we're here to help. INSTALLMENT Loans is a breath of fresh air in the short term loans game.Apply Now
Rates & Costs
$300 – $2,000
3 Months – 12 months
An upfront 20% establishment fee.
4% monthly fee
Zero application processing fee.
Maximum representative APR 199.9%
33 cents/text message and reminder
88 cents/direct debit
If you are looking to borrow $500 for a period of 6 months, you will repay us $744 ($100 establishment fee + $144 total monthly fee). There will be a total of 24 weekly repayments, and it will cost you $31 each.
I’m Interested, But First a Few Questions…
What Do Installment Loans Do?
Installment Loans is a smart little lender that uses the latest in online banking technology to provide a service that is convenient, user-friendly and fast. We specialise in making small personal loans of up to $2,000 accessible to as many Australians as possible. If we can't match you with one of our loan products, we'll act as a lender-finder, and pass your application on to our network of trusted lenders.
Is Your Process 100% Online?
Yes! 100% always and completely online. By keeping our service entirely online, we are able to assess your application securely and quickly. Additionally, our customers won't have to stress about filling out paperwork, or spending hours listening to hold music.
How Does The Application Process Work?
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.
Am I Eligible To Apply?
To be eligible to apply for Installment's fast loans online, you will need to meet the following criteria:
- At least 18-years of age;
- Are an Australian Citizen or Permanent Resident;
- Have been receiving a regular income into a personal account for at least 3-months;
- Have an active mobile number and email address.
What Do I Need To Get Started?
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.
Why Do You Ask For My Online Banking Details?
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.
Do You Conduct Credit Checks?
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.
What Happens If I Apply Outside Of Business Hours?
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.
How Quickly Do I Get My Money?
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.
What Costs Are Involved?
All of our small personal loans of $300 to $2,000 will incur:
- A once-off fee of up to 20% of the principal. This amount is built into the repayments;
- A monthly ongoing fee of 4% of the principal. This is charged per month or part thereof, where there is an outstanding balance.
- 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.
How Do I Make Repayments?
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.
Funding Within 60 Minutes (Instant Transfers)
*Instant transfer is available to PayID holders with participating Australian financial institutions. Most of the payments are typically settled in under 60 seconds but may be subject to checks and holds at the sending or receiving bank. As the reason, our standard payment transfer time is 24 hours.