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Best 8 Instant Loan Apps in Australia 2024

Are you in need of an instant cash loan, personal loan, payday loan, business loan, or pay advance app that gives instant help in times of emergency? Then you’ve come to the right place. On this page, I’ll be reviewing the top 8 best instant loan apps in Australia, which allow you to borrow money instantly without having to visit a physical bank.

These are some of the most reputable and trusted lending apps used by thousands of Australians. Moneyspot, Credit24, SpotMeNow, Fundo, BeforePay, WagePay, and Cashify are a few examples of other legit loan applications that provide quick and immediate loan approvals.

8 Best Instant Loan Apps in Australia


MoneySpot is an online loan app that’s committed to offering a simple short-term loan solution to meet your financial needs. These short-term loans are sometimes referred to as personal loans, personal loans are those types of loans that are issued by a financial institution or lender, such as a bank or credit union, to an individual borrower.

MoneySpot operates entirely online on a 24/7 basis, which means that all loan applications are completed online and do not require a physical presence or paperwork. On this platform, users are allowed to borrow between $200 to $5000 with a repayment period of 42 days to 3 months depending on the amount of money they borrowed.

Unlike traditional lenders, MoneySpot accepts applications from people that have a bad credit score. The application process is entirely online and takes about five minutes to complete the application process. The establishment fee is about 20% of the loan amount and a monthly fee of 4% each month. You visit the Moneyspot website to learn more about their loan services.


Fundo is another leading Australian-owned short-term loan provider that lends money to users. On the Fundo platform, you can borrow between $300 to $2000 for a maximum period. Unlike traditional banks, Fundo can approve applicants for short-term and fast cash loans even if they have a bad credit score.

With Fundo, there are no hidden charges, legal talks, or complications in what so ever. As long as you are above 18 and a resident of Australia, have a regular source of income, and you meet all the requirements asked by Fundo, then you can apply for a loan. Once your loan has been approved, you can choose to repay it in 61 to 180-day installments.

The Fundo dashboard allows you to manage your account, check your credit score, make payments, and refer others to earn more Fundo points.

Most reviewers stated that they have had a positive experience with Fundo customer service. They also stated that the application process was enjoyable and simple.


Credit24 is yet another top choice for instant loan apps in Australia which offers very fast loan approvals for customers who need instant cash to solve one or two problems. This platform allows customers to select their loan amount and repayment period which is usually between 6 months and 3 years. Credit24 has a very quick and easy loan application process, and with a good credit score, you can get a loan the same day.

All applications on credit24 are 100% online, immediately you apply for a loan you will be notified instantly of your eligibility status. Once you have been approved you may receive your funds within 24 hours of approval. Credit24 offers loans of up to $10,000 with a repayment period ranging from 6 months to 3 years.


CashnGo is an award-winning fast loan app and a short-term loaning company in Australia that provides short-term loans to almost anyone with a steady income who needs quick cash to meet immediate needs. This company offers loans ranging from $300 to $2,000 with a flexible repayment period of 2 to 4 months, allowing you to plan your repayment before your application can be approved.

Application on this platform is fully online and takes about 5 minutes to complete the application process. Once your application is approved, you will receive your funds immediately and they will be transferred to your bank account within seconds. CashnGo is available 24/7 and can be accessed at any time of day.


SpotMeNow is a financial service company that offers instant online loans to Aussie citizens. This lending platform provides a very fast and flexible lending experience. SpotMeNow allows users to apply for loans of up to $1,000 to $5000 and receive the funds in their bank account within hours of approval with a flexible repayment term of up to 12 months.


Cashify is a trusted instant online loan provider in Australia, with thousands of customers across the country. Users can borrow up to $50,000 on this platform, with interest rates starting at 5.15% p.a.

Cashify claims to cover any financial crisis you may be experiencing, whether you’re struggling to pay your bills or have encountered an unexpected situation that necessitates immediate cash. Cashify offers loans ranging from $2,000 to $5,000, and once approved, you will receive the funds directly into your bank account. You can visit the Cashify website to learn more.


Loans.com.au was one of the first online lending companies in Australia, having launched in 2011. This company allows you to borrow money in the comfort of your home since the coming of Loans.com.au they have grown to become one of the largest lending companies in Australia and as remain one of the most trusted online lenders in the country.

This company offers low-interest rates on loans, and its car loan entices many borrowers to apply for a loan. Also, the smart booster home plan loan plan is packed with some useful options like unlimited free extra repayment, withdrawals are free with an optional offset account for 0.10% to help you increase your savings and get mortgage-free faster than most conventional home loans. The interesting part of Loans.com.au is that there are no recurring charges.

What is the application process to get a Loan in Australia?

The process of applying for a personal loan with most lending companies is very similar. All you need to do is fill out the online application form available on the app or website. Although some companies require physical presence, most application forms are completed entirely online. The application form requires some of the regular information such as your name, address, proof of an ID card, employment status, income, and maybe your bank status to verify your financial capability.

After successfully entering your personal information, you will receive an email confirming whether or not your application was successful. When you receive an email indicating that your application was successful, you can then apply for a loan. Once your loan has been approved, you must accept the terms and conditions before the funds can be transferred to your bank account.

Must I be an Australian citizen before I can apply for a personal loan?

To apply for a loan in Australia, you must be a permanent resident or an Australian citizen before a loan can be granted to you. Finally, you must be above 18 years of age.

How long does a personal loan take?

It depends on the lender; most personal loans are approved instantly or within a few minutes.

Can I get a loan even with a bad credit score?

Yes, this also depends on the lender. Most lending companies in Australia claim they give out loans even if you have a bad credit score.

What are some of the valid documents or requirements needed to obtain a personal loan?

Here are some of the requirements you need to have before you can be given a loan

  • Australian Driver Licence Number
  • Australian Passport Number
  • Australian Medicare Number
  • Residential Details
  • Provide details of your current address.

What are the interest rates on personal loans?

Lenders cannot charge interest on loans of $2,000 or less. They make their money instead by charging a one-time establishment fee of up to 20%. Some lenders may request that you pay a government fee, although this option is not usually common.


It is important to note that while instant loan service is very convenient in times of emergency, it often comes with high high-interest rates known as an establishment fee. So it’s important to carefully check out the best loaning company that offers a reasonable interest rate that best fits your financial situation. I will recommend you compare loan options from different lending companies before deciding to borrow.

Finally, let me state that this is the most trusted instant personal loan app that provides quick loans to individuals who require immediate cash to solve an emergency problem. Moneyspot, Loans.com.au, Cashify, CashnGo, Credit24, Fundo, MoneyMe, Jacaranda, and many other legitimate platforms also offer instant loan approval.

Tech enthusiast, Content Writer, Gadget lover, Web Designer and a Chelsea fan. Passionate about all things technology. You connect with me on Facebook and Twitter


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