Secure Auatralian Site

Instant Payday Loans Today

$50 to $5,000 paid out by *

Fast 3 to 36 month online loans.

-
+
Z

100% No obligation loan quote

Z

Get your cash in 15 minutes once accepted*

Z

We don’t credit check or charge any fees†

Payday Loans Without Credit Check


Do payday loans come with instant approval? If you have a bad credit record, will lenders approve your payday loan application?

Some people might think that payday loans do not require checking of their credit record. Or that this type of loan can be approved and accessed within an hour of applying. If you think this way, ask yourself if the lenders offering this loan under such terms are legitimate and trustworthy. If a lender offers you a payday loan with instant approval, you have every reason to doubt.

Let MyLenders help you find a lender that will accept and process your payday loan application in the shortest time possible.

Disclaimer: MyLenders does not in any way guarantee that the lender will not check your credit record. It is up to the lender to decide if a credit check is needed or not to assess the borrower’s application. MyLenders does not control the lenders’ loan processing and assessment procedures.

Can You Get Instant Approval for a Payday Loan?


If you’re applying for a payday loan, there are two things you want to know:

  • Will lenders approve instantly?
  • Will lenders check your credit record?

To begin with, let’s explain what payday loans are. This type of loan product allows borrowers to apply for a cash loan of up to $2,000 with a short repayment term. The usual repayment terms are from a minimum of 16 days to a maximum of 12 months.

The lender and borrower usually agree on a direct debit payment mode. Alternatively, the lender can arrange with the borrower’s employer to deduct the repayment amount directly from the borrower’s salary.

A no credit check loan is a type of loan that does not require scrutiny or assessment of the borrower’s credit records. More often than not, checking the borrower’s credit records will help the lender determine if the loan application deserves approval.

Do lenders give instant approval to loan applications? By instant, it means approval within just minutes after applying. Loans that are instantly approved usually come from lenders with a questionable reputation.

Need a loan today? Apply online!

Payday Loans: A Little History


It wasn’t until some 20 years ago when short-term and small amount loans began to make their way in the banking industry. But during the early 2000s and the late 90s, creditors and lenders tried to cut down on the short-term loans. This resulted in the emergence of a new market for small amount personal loans otherwise known as payday loans.

This new market caused the lending industry to boom. In the 10 years from 2004 – 2014, the demand for payday loans increased twenty times. In fact, in 2012, over 1 million Aussies have availed of the small personal loans. This corresponded to estimated fees and interests valued up to a total of $1 billion, charged from 2012.

What led to the unprecedented increase in the number of consumers looking for short-term loans? According to experts, some of the reasons include:

  • It improves the income situation
  • Full-time labour market reduction
  • The inability of low-income customers to access loan from traditional credit providers
  • Increase in the demand for online lending

Negative Impact of Payday Loans


Despite the increasing popularity of payday loans among consumers, payday loans have been received with some negativity. That’s even with all the advertisements on the TV and the internet.

People who look for lenders that offer payday loans are often in a dire financial situation and need a quick solution. And most of these people that want to borrow are most likely to have a bad credit record. They tend to think that payday loans may be their only option.

People are critical of the lenders offering quick cash loans because of:

  • Exceedingly high Interest rates
  • Undisclosed fees
  • Inflexible terms of repayment
  • Accepting financially struggling customers that know little about loans and finances

As a result, people who availed of the payday loans as a way to solve their financial woes got into deeper debt problems.

The Other Side of Payday Loans


Payday loans without a credit check may have been criticized by many people. But other people find these loans valuable for some purposes in the lending market.

The fact is, not many Aussies can have access to many loan products from mainstream credit providers because of their financial and personal circumstances. This market of Aussies struggling financially is what payday lenders cater to.

According to some studies, about 60% of people on payday loans have a bad credit record.

Hence, while some people are critical of payday lenders, to other borrowers, payday loans with no credit check are their available quick-fix options when traditional lenders are not so accommodating.

What’s Wrong with Guaranteed Approval?


While you might think that a payday loan with guaranteed approval will save your day, think again.

Borrowers are naturally tempted by lenders that offer this type of loan but a word of caution – these lenders are not checking if your financial circumstances are suitable for the loan product. This means that these lenders violate their lending obligations under the National Consumer Credit Protection Act of 2009.

This Australian law protects the interests of the borrowers and against falling for unsuitable loan products. Lenders are prevented from making available various loan products with guaranteed approval which the borrowers can reasonably afford.

Lenders are, therefore, required to do the following according to this law:

  1.  Scrutinize the borrower’s current financial standing and including what they need and what they need the loan for
  2.  Verify the borrower’s financial circumstances by taking reasonable steps
  3.  Conduct a preliminary and final assessment to determine if the loan contract is suitable for the borrowerSo for any lender to openly offer loan products with guaranteed approval, it’s likely that they did not bother to take any of the required steps to comply with the law. Hence, you must keep in mind that all lenders are required to do some form of assessment on your loan applications.If you want to know more about this, you can download the regulatory guide through the ASIC’s website.
 

Are You on Centrelink Benefits?


If you are receiving benefits from the government through Centrelink, you might also need a loan especially if an unforeseen financial need arises.

Given that you are on Centrelink benefits and probably with a bad credit record, you might think that a payday loan that does not require a credit check is your only available option to get that badly needed cash.

The truth is, there are other loan products you can avail of if you happen to be a Centrelink recipient.

Advance Payment of Centrelink Payment


This is one of the options you can avail of if you are receiving Centrelink benefits. You may be eligible for an Advance Payment if you are a recipient of some Centrelink benefits like age pension, disability support pension, jobseeker payment, youth allowance, to name a few.

As a Centrelink beneficiary, you may apply for an Advance Payment which is a lump sum of your future Centrelink payments claimed in advance. You can repay the Advance Payment without any interest, deducted from your future Centrelink benefits, spread over 13 bi-weekly installments.

To find out if you are eligible to avail of an Advance Payment from Centrelink, check via the Department of Human Services.

Once you have determined that you qualify for an Advance Payment, you can easily apply online by following these simple steps:

  1. Go to the website of myGov. Create an account or sign in if you already have an account. Then go to Centrelink.
  2. Select the tab Apply for Advance Payment
  3. Centrelink will inform you if you qualify or not. If you qualify, click Get Started
  4. Follow the prompts on the screen and provide the information asked to complete the application process.
  5. Click Submit

You will get a receipt after you have submitted your application

Heard About NILS?


NILS or No Interest Loan Scheme provides individual customers and families receiving a low salary, access to fair and suitable credit.

There are 178 Australian community organizations in 600 locations that offer NILS, making it very accessible to many Aussies.

The best thing about NILS is that there is no interest, no fees, and no other charges. You will only be required to return the money you borrowed, which will in turn be made available for someone else in the community who might need the cash.

Where Can You Use NILS?


You can use NILS to cover payment for essential goods and services like:

  • Household items – fridge, washing machine, stove, TV, and furniture
  • Expenses for medical and dental procedures and services
  • School essentials such as textbooks and computers
  • Vehicle registration or repairs
  • Other items as requested

Who Can Avail of NILS?


To qualify for NILS, you must:

  • Have an annual earnings of less than $45,000 (after tax) or
  • Have a health care card or
  • Have a pension card
  • Have resided at your current or previous address for a minimum of 3 months
  • Show your capability to repay the loan

Remember, it is better to check if you qualify for NILS before looking for other expensive credit options.

To find your nearest NILS service provider, click here.

Other Loan Alternatives to Payday Loans


Yes, there are other loan alternatives to convenient payday loans with no credit check.

How about considering an online personal loan?

Lenders of personal loans offer bigger loans and more flexible repayment terms. But finding the right lender offering personal loans may be challenging because there are so many of them.

What if there’s an easy and quick way to find a lender instead of sifting through hundreds of personal loan lenders?

Time to Contact MyLenders


MyLenders is a lender-finder service provider, ready to help you find your perfect personal loan lender.

MyLenders is an Aussie company for Aussie customers. It is the company’s mission to provide every financially struggling Australian with easy and convenient access to reliable and trustworthy lenders. We have a vast network of lenders and we can pair you up with a lender offering a personal loan with flexible repayment terms. And aside from being free, we can also do it within minutes.

So if you need quick cash, you may want MyLenders to find a lender that offers a personal loan from $300 to $10,000.

Easy Loan with Bad Credit?


Is there an easy loan for borrowers with bad credit records?

It’s hard to say because everyone has a different personal and financial circumstance. And it will be difficult to declare which type of loan is the easiest to avail of even with a bad credit record.

MyLenders can help with finding you a lender that offers a personal loan in a rather easy way.

Aside from having an online application form for borrowers to complete, our automated system can quickly give a result within minutes. If we succeed in pairing you up with the right lender, you will be contacted in the shortest time possible.

What can be easier than that?

Loans With No Credit Checks?


While MyLenders can find you a lender that offers your loan product, keep in mind that we will not guarantee to get you a loan without a credit check.

It is up to the lender to conduct their assessment of your financial and personal circumstances. It is also the lender that will determine your suitability to the loan product.

Be assured though that the lenders in our vast network will not only look at your credit score. The assessment process will consider other things like income, Centrelink benefits, bank statements, etc.

MyLenders is given access to the read-only copies of your bank statements through the online bank details you have provided in the course of completing the loan application. The lender we pair you up with will have access to the bank statements and this will help them determine if they can consider your application for approval.

For example, if your bank statements showed that you have been receiving income regularly for the last 3 months, or if you have consistently fulfilled any financial obligations, the lender may give their approval on your loan application.

Can You Get Quick Cash If You Have Bad Credit?


Consider yourself lucky because of MyLenders’ streamlined lender-finder service, designed to find you a lender offering quick cash in minutes.

Our automated lender-finder system will quickly scan through hundreds of loan products and find the one that suits your financial needs. Once our system successfully finds a lender to pair you up with, we will notify you right away.

This means the lender will reach out to you directly. Your loan application will go through the lender’s assessment process which may or may not include the checking of your bad credit record, and financial standing.

If the lender determines that you are creditworthy, they will send you a digital loan contract for you to read and sign.

Funds will appear in your bank account as soon as your loan contract is approved. However, note that the timing will be dependent on when you apply (if within regular business hours) and the inter-bank transfer schedules.

You might get your cash within the same day or the next business day, at the latest.

Another reminder – if you find the loan repayment terms acceptable, you need to approve your loan contract as this will somehow show that you agree to the repayment terms, charges, interest rate, etc.

Can MyLenders Help You?


Sure we can!
Consider using MyLender’s lender-finder service if you want to access a payday loan with no credit check.

MyLenders will not connect you with a lender that offers a payday loan with high interest rates and non-flexible repayment terms. Instead, our system will find you a lender that offers a personal loan instead.

Worried that your bad credit record will diminish your chances of getting your loan approved? Don’t be. MyLenders will strive to match you with a lender that offers a personal loan even if you have a bad credit record.

Note: The lender will determine the actual repayment terms based on the results of their assessment process.

One thing you must remember – small personal loans are often unsecured. This means you can access this loan product without needing to have your asset as loan security.

Medium and large personal loans, on the other hand, are secured. This means you need to have an asset like a car, caravan, boat, or motorbike as security for your loan. You must note that if using a car as loan security, you should be the registered owner of the vehicle.

Your Choice: MyLenders’ Lender-Finder Service or Payday Loans with No Credit Check

Who wouldn’t avail of a lender-finder service that provides quick results in minutes? If you are a borrower, would you want to end up with a lender that is not trustworthy and that is of dubious reputation?
This is the main reason why many Aussies have used the lender-finder service of MyLenders.

Borrowers with no current job can come to MyLenders for help in finding a lender offering a loan product that is suitable to your financial need and situation.

Why do Aussies prefer MyLenders over traditional credit providers? The primary reasons are found below:

Quick and Easy

Take this. If you time the submission of your loan application within the regular business hours, we can likely find your lender in just a matter of minutes.

Reputable Lenders in MyLenders Network

Looking for a reliable and trusted lender? Problem solved! We have a vast network of legitimate lenders that offer loan products that may be suitable for your loan needs. And for sure, MyLenders will not pair you up with a lender that offers any loan product with no credit check or with guaranteed approval.

We Provide Better Alternatives

What more can you ask for if MyLenders has a network of lenders offering loans from as low as $300 to as high as $10,000?

You can select the loan product that is suitable for your financial needs. Also, MyLenders work with reputable lenders providing personal loans, both secured or unsecured.

Hence, regardless of your financial situation, MyLenders will help you all the way!

Free of Charge

Using MyLenders’ lender-finder service will not cost you anything, regardless if the application is successful or not.

Flexibility

Paired with the right lender, you can enjoy the flexibility of where to use your personal loan. You can use it to cover:

  • Lease bonds
  • Travel or holiday expenses
  • School expenses
  • Vehicle repairs or registration

What are You Waiting For? Meet Your Lender!


Are you on MyLenders’ website? Check the loan slider and provide the numbers so we can get your application process started.

You may also click on our FAQs if you have questions or need additional information.

Connect with MyLenders via Facebook, Twitter, Instagram, and Pinterest.