Moneyspot – Really Fast Cash Advance Loans & Payday Loans
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How Much Do You Need?

Cash Loans Online

Moneyspot is committed to providing you with a hassle-free solution to your short-term borrowing needs. Sometimes called personal loans or cash advances, our loans are designed to help you over a difficult patch up to a 10 week period. We are 100% online, processing applications 24/7, regulated by ASIC and are members of the Financial Ombudsman Service.

Easy Process. No Paperwork. Get Funded In One Hour

 Example of a Small Amount Loan

Our small loans are $2000 or less with a minimum duration of 62 days and a maximum of 90 Days. Fees include an establishment fee of 20% of the loan amount and a monthly fee of 4% each month. We match your repayments to your pay cycle.

By way of example, a loan of $500 over a 3 month period would have an establishment fee of $100 and a monthly fee of $20 each month ie: total monthly fees of $60. The total repayable is therefore: $500+$100+$60=$660. Your monthly repayment amount is therefore $220 per month.

Note: The Nominal Percentage Rate for small loans is 0% as the loans are fee based.

Example of a Medium Amount Loan

A medium amount loan is a loan over $2000 and a minimum duration of 62 days. Fees include a $400 establishment fee, a Nominal Percentage Rate (Interest) P.A. of 48%, and a Comparison Rate* of 65.4962%.

By way of example, a loan of $3000 over a 3 month period would have an establishment fee of $400 and interest charges of $275.60. The total repayable is therefore: $3000+$400+$275.60=$3675.60. Your monthly repayment amount is therefore $1,225.20.

* The comparison rate is based on a $2,500 loan over a term of 2 years with a $400 establishment fee and weekly repayments. MoneySpot does not offer loans for $2,500 over a term of 2 years.

Loan Repayments You Can Afford

Our responsible lending principles aim to provide you with a loan repayments that you can afford. You can also use our cash loan calculator above to work out your approximate repayments before you apply. You must be employed (we cannot help you if the majority of your income is from Centrelink), and you will need to download your bank statements via our online application form, so have your bank details on hand before you start.

Easy Process. No Paperwork. Get Funded In One Hour

Apply For An Online Cash Loan In Minutes

We offer personal loans from $200 – $3,500. Repayments are withdrawn from your account via Direct Debit on the day that you are paid, either weekly, fortnightly, or on a specific date of the month. The application process is simple and can take a few minutes. During business hours we typically process, approve and send funds in less than 60 minutes. Depending on who you bank with, the money can be with you in minutes or hours – at worst overnight. The majority of our payments are received the same day.

Easy Process. No Paperwork. Get Funded In One Hour

Types of Loans

Our business is regulated by ASIC and our loan products are classified as a Small Amount Credit Contracts (SACC) and Medium Amount Credit Contracts (MACCS). Although they are also commonly referred to as personal loans, cash advances, personal cash loans, cash loans, little loans, quick cash loans and short-term loans.

Payday Loan

Payday loans are small unsecured loans extended for short periods to cover customers in the event of a temporary cash short fall. Our payday loans range from $200 – $3,500 repaid via direct debit in ten equal weekly (or eight fortnightly) instalments. Customers typically use these loans to pay for unexpected bills, repairs, or simply when they find they have been left short till next payday. The application process is fast, the money paid within the hour and usually received the same day, and although you must be employed for a payday loan, an absolutely clean credit history is not mandatory.

Cash Advance

A Cash Advance loan describe loans that are typically less than $500 for ten weeks. They work the same as payday loans in that your repayments are direct debited from your account on payday, and the funds are usually available for withdrawal on the same day. Whilst your final assessment is done by a Moneyspot credit officer there is a high degree of automation in collecting your application information, gathering your bank statement data, and scheduling your direct debits. This makes for a speedy approval and aims to get the money in your hand faster.

Emergency Loan

Fast and hassle-free, emergency loans typically cover medical or vet expenses – unexpected matters that need to be dealt with high priority. Your repayments are made via direct debit on the same day that your receive your wages, subject to your previous lending history these loans can carry over a longer period (to keep each individual repayment lower) when the need arises. To apply for an emergency loan simply use our online application form, have your mobile and bank details to hand, and know the size of the repayments that you can comfortably afford.

Short Term Loan

The phrase short term loans is actually defined as a loan of under 15 days under the National Consumer protection Act. It is not possible to offer loans under 15 days in Australia, and hence all of our loans are 16 days or longer. Most commonly loans are structured over three months, and this is what customers usually mean when they talk about short term loans. We offer $200 – $3,500 loans from 62 days online, and structure the repayments to be withdrawn from your account via direct debit on the day that you are paid. The online application takes less than a few minutes.

Personal Loan

Moneyspot personal loans are unsecured loans up to $3,500 available to cover near term expenses that will be larger than normal. Repayments are deducted from future income payments in manageable instalments to try to smooth the effect of this one-off event. To apply for a personal loan use the online application and be ready to download your bank statements so that your assessment can be carried out promptly. A personal loan at Moneyspot is usually for a larger amount than a payday loan and takes into account your previous repayment track record with us.

Quick Cash Loan

Moneyspot is one of Australia’s newest online providers of quick cash loans. To ensure the service we offer is world class, we scoured the globe to find the best possible systems to ensure you don’t wait a minute longer than you need to to get your money. To apply for a quick cash loan simply use our online application form, have your mobile and bank details to hand, and know the size of the repayments that you can afford. The process is fast, the money paid within the hour and usually received the same day, and although you must be employed, you don’t need a clean credit history.

Why Moneyspot?

 

We’re fast
Our application form should take you no longer than 5 minutes to complete. Usually we’ve processed your loan a short-time later with the money on it’s way to your bank account in less than 60 minutes. That’s a seriously fast loan.
We are committed to responsible lending
We take our obligations seriously and we don’t want to lend you money if you can’t afford to repay it. This takes our total focus every day.
We’re totally online
You don’t have the time these days to deal with manual loan processes. Get your bank details and ID together and you’re ready to go. You can apply 24/7, we’re always open.
We care about customer service
Just because it’s a small loan, it doesn’t mean it’s not important. If you need to know your current balance, the status of your loan, your repayment dates or get another loan, then you can log onto our secure client area and it’s all there. Alternatively you can call on 1300 271 902 or get us on chat during business hours.
We understand things don’t always go as planned
Things are getting tough and budgeting doesn’t always work out when unexpected things happen. Our cash loans are not like credit cards or other forms of revolving credit  you get the money fast, you pay it off fast, and that’s it. If you need us again, just login and apply for an even faster loan.

Your credit history isn’t perfect
You generally do the right thing and pay off your debts and sometimes that takes time. We won’t penalise you because you’ve had some bad luck and you’re credit file isn’t perfect. What we look for is a recent history of repayment and affordability.

Who can apply?

We have a few essential requirements to be eligible for a Moneyspot Loan. You need to be.

  • Over 18 years of age
  • An Australian resident
  • Be employed and have a regular income stream