Frequently Asked Questions
What is a Payday Loan?
A payday loan helps individuals with a short-term cash crunch between paydays. The purpose of a payday loan is to handle financial responsibilities until the next payday.
What are the steps to getting a Payday Loan?
- Fill out our online application. Click here to apply for a payday loan.
- If approved, receive further instructions by email.
- Receive your cash from our responsible lending partner
What are the requirements?
- 18 years of age or older
- Live in Australia
- Be currently employed
- Have your salary directly deposited into your bank account
Do I need direct deposit?
Yes, your paycheck needs to be deposited directly into your bank account.
Do I need good credit?
No. Payday loans are issued based on a person’s current salary. Previous credit history is not a factor in payday loans.
Do I qualify if I am self employed?
Unfortunately, our responsible lending partners do not lend to individuals who are self-employed.
How soon can I get my money?
Your payday loan will be desposited direcltly into your bank account as soon as the same day. *Subject to approval times and lender's own policies. In most cases, funds will be deposited the same working day, if approved by 14:30.
What fees are involved?
There is no charge to apply for a payday loan at OzPaydayLoan.com. If the customer accepts the loan, there is a loan administration fee of $1 and a Broker fee of $28.98 for every $100 borrowed that must be repaid in full. This fee includes all costs of the transaction. There are no hidden fees. Please visit the Rates page for more information.
Who may I contact with any questions or concerns?
Once you complete the loan application at OzPaydayLoan.com and are matched with a lender, you will receive further information including contact details regarding your loan application.
If you are having any difficulties completing the online application form, or have any general questions, click here to find the ways in which you may contact us.
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