Payday loans online
Bill due before pay day? Apply in about 3 minutes from your phone.
Covering the gap until payday
Payday loans are small, short-term loans people use when a bill is due before their pay lands. Through Techno Loans you can apply from $500, and lenders usually line repayments up with your pay cycle, whether you're paid weekly, fortnightly or monthly.
We're a credit assistance service. We refer your application to licensed lenders, and the lender decides whether to approve it.
How payday loans work in Australia
Loans of $2,000 or less are small amount credit contracts. The law caps what lenders can charge on these: an establishment fee of up to 20% of the amount borrowed and a monthly fee of up to 4%, with terms from 16 days to 12 months. Larger loans fall under different rules, so check the contract for interest, fees and the comparison rate.
Repayments that match your pay
Direct debit on payday
Most lenders set up a direct debit on, or just after, your pay day. Make sure the date works for you before you sign.
Know your total cost
Add up every repayment, not just the first one, and check what's left still covers rent, food and transport.
Avoid the borrowing cycle
Taking out a new payday loan to repay an old one gets expensive quickly. If you need longer to pay, short term cash loans can spread the cost over more pay cycles. If you've had two or more small loans in the last 90 days, or you're behind on one, think carefully before applying again. The National Debt Helpline (ndh.org.au) offers confidential financial counselling at no cost.
FAQ
Payday loans questions
Can I get a payday loan on Centrelink in Australia?
You can apply. Lenders look at all your income, including Centrelink, and your expenses. Some lenders won't lend where Centrelink is your main income.
How much does a payday loan cost?
For loans of $2,000 or less, lenders can charge up to a 20% establishment fee and up to 4% a month. The exact cost is in the lender's contract.
When are repayments due?
Usually on your pay day by direct debit. The lender will show you the schedule before you accept.
Can I repay early?
Usually, yes. Check your contract to see how paying early affects any remaining fees.
Do I need a payslip?
Sometimes. Most lenders confirm your income from bank statements shared through a secure, read-only service, but some may also ask for a recent payslip.
Related
Other loan types
Back to the Techno Loans home page or see how it works.
Ready when you are.
Apply online in about 3 minutes.
Apply for $500 Only borrow what you can comfortably repay.