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Small Online Loans

$50 to $5,000 paid out by *

Fast 3 to 36 month online loans.


100% No obligation loan quote


Get your cash in 15 minutes once accepted*


We don’t credit check or charge any fees†

What’s the meaning of a small loan?

In a nutshell these are types of unsecured small online loans that have a maximum borrowing value of $2,000. Online loans for customers with bad credit usually have up to 12 months to repay and quick processing times.  MyLenders can assist you in searching for lenders who might be able to provide you with up to $ 2,000 in short term loans.

Are there any lenders who offer small online loans with poor credit?

Yes. In the past lenders rejected customers with bad credit, but that’s no longer the case these days. Nowadays there are lenders who can look past bad credit and take into account your financial standing.

They will consider your ability to repay your small loan and determine the difference between your income and the amount you owe using your financial history.

Consequently, even though you have bad credit or a background of credit defaults, you could still be accepted for a short term loan if you have secured an established financial position for yourself.

Bear in mind though, that not all lenders are able to provide personal loans to people with bad credit. 

Small Online Loans

Need a loan today? Apply online!

Small Bad Credit Loans: How can I increase my credit score?

Want to stop relying on poor finance for credit? Luckily, raising your credit score is possible. It will take time, though.

In short, a reflection of your borrowing history is your credit score. If you have made a lot of borrowing errors, then these listings will continue for up to seven years on your credit report. If, though, you can implement effective borrowing behaviors over a long period of time, you can see changes steadily but gradually 

To help you, here are some tips to increase your credit score:

  •       Pay your bills on time and in-full.
  •       Keep your credit card balance low.
  •       Only seek credit as a last resort.
  •       Regularly check your credit report for defects and inaccurate listings..

Without a job, will I get small loans?

In short, for the unemployed there might be certain lenders able to provide small loans. This comes with a serious condition.

You would need to show that you have regular monthly income in order to be eligible. If you don’t receive a pay-check, rent checks, or benefits such as Centrelink can be taken into account.

You will be rejected without this. Lenders must be confident that you can repay the money you borrow.

But even if you have income, acceptance is not guaranteed. Small outstanding debts are a risk for creditors. Because of this, they may not easily offer a loan to everyone.

Small loan Australia

The small loan industry in Australia is a thriving one. With many lenders to choose from, it’s easy for you to find the right company that can help with your financial needs and goals.

With more and more people turning to small loans for their daily needs, it’s no surprise that this has been a huge success in Australia. In fact, there is such demand from customers who want access or an alternative source of finance when traditional methods fail them. So consider taking out one today.

Just another feature about our company which makes us stand apart among others offering similar services around town

Can I get approved for a small personal loan the same day I applied?

We partner with a host of lenders at MyLenders, who give cheap, fast loans online cash loans. However, small loans on the same day will not always be possible. There could, though, be a few things that you can do to increase your odds.

Firstly apply during business hours. Do this and in just 60 minute we will theoretically match you up with a lender. The other thing you will need to do is when you submit, include all the requested information as accurately as possible. Your application will be processed without a hitch that way.

If your request is accepted, your cash will then be transferred. Interbank payment times differ, which means that access to your cash will not always be instantaneous.

If all goes well, in any situation, it could be possible to obtain loans on the same day. However, it is always prudent to account for a waiting time of up to 24 hours as there are many variables at play.

What costs will I pay with Australia’s small loans?

In brief, virtually all valid personal costs can be covered by fast loans. All you need to do is when you submit your application is have the exact information requested. From there, we will review your submission and you’ll receive an outcome.

While the list is by no means exhaustive, some of the most important reasons for applying for fast small cash loans include:

  •       Auto maintenance, servicing
  •       Repairs, redecoration or upgrades for homes
  •       Medical, vet and utility bills
  •       Bond of leasing
  •       Consolidation of debt
  •       Travel or loans for holidays

What lender provides Australia’s best small loans?

We don’t have a clear answer for this question. As part of our lender network, we work with a range of great lenders. In addition, the best lender for you might be different for another individual.

In any case, applying with MyLenders might be the easy and convenient option if you’re looking for small cash loans quickly. We’re going to do whatever we can to pair you with an available lender that offers the small, fast loans you need.

All creditors in our network hold Australia Credit Certificates, meaning we are confident they will handle your application fairly. We’re here at the end of the day to try to guarantee all our customers the perfect experience. So, if you’re looking for small loans for whatever you need, apply today.

How do I access small loans at low interest?

Your interest rate will be outlined in your loan contract if you apply and obtain approval, the amount you would pay on top of the principal amount you are offered is determined by the interest rate. As a consequence, less is typically more.

So, if you want to get a suitable rate, then there are some things you can do.

First of all, if you have a good credit background, lenders will be able to offer you more affordable rates. You’ve proven over time, that you’re going to keep your repayments on time.

If this is not practicable, an alternative may be a secured loan ie securing a loan against an asset such as a car or house. Guaranteeing your debt with your car means that lenders still have a way to reclaim their losses, even though you are unable to meet repayments. As a result, lenders face less pressure and can give more favourable terms – theoretically.

MyLenders does not promise whether a lower rate would benefit from these tactics. Ultimately, depending on their underwriting rules  the interest rate will be calculated by the lender.

Do any lenders give small loans easily?

Yes, there may be criteria with certain lenders that are not necessarily as stringent as some other main stream lenders. As a result, they may be able to give customers with less than optimal credit scores simple small cash loans easily. For instance, this may include low-income earners, poor credit borrowers or even beneficiaries of benefit payments.

However, your application will also be open to an evaluation, as with all loans. Although these lenders might be more lenient, that does not mean that acceptance is certain. You must also satisfy the qualifying criteria of the lender in order for minor bad credit loans and other similar items to be offered.

Instant small loans: are they feasible?

Yes, lots of lenders are able to provide immediate loans. It’s worth remembering what an instant loan means exactly.

In brief, the second you submit, you won’t get your money straightaway. This is because all loan applicants must pass an assessment in Australia. Lenders must also assess the credit suitability and must not provide credit arrangements that are unsuitable for the needs and priorities of the borrower. This is done by carrying out the financial condition investigations.

Small payday loans

When you want the fastest loans, payday lenders are at the top of your list. In short, with repayment terms of up to one year they offer nominal cash sums ranging from $300 to $2,000. You should expect an outcome quickly when you submit through us. 

 Guaranteed payday loans exist to get you through to the next payday. With their limited cash sums and short repayment terms, before you know it you can actually get the funds you need now and have your loan repaid within a matter a month or two.

We prefer to partner with lenders at MyLenders who specialize in personal loans. However, we know several lenders who still work with small loans exclusively. As a consequence we will try and pair you with a lender providing the cash loans that you applied for.

Can you find me small loans without credit checks?

Sometimes, individuals who look for loans without a credit check are nervous about their bad credit history. These borrowers will also be likely to apply for a payday loan. However, running credit checks can be part of the appraisal procedure of a lender. 

As we are just the bridge between lenders and borrowers, MyLenders can’t promise you will be given a no credit check loan. Take note though that we partner with lenders who don’t focus too much on credit history. Lenders, in other words would choose to look at the present money relationship instead of your past credit history. Specifically, before offering an outcome, lenders consider your daily revenue, expenses and banking background.

True experts are our allies. As such, to assess your suitability for payday loans in Australia, they will take all your financial standings into consideration.

Search for small loan lenders with MyLenders

Small loans for the short term are like cash loans. If your spending has been knocked off track by an unnecessary cost, consider a small loan.

MyLenders is a lender-finder that can match you with a provider of credit. And if you have bad financial records or are awaiting Centrelink, we may still be able to match you with a lender. Furthermore, we can also help you find lenders providing up to $10,000 in medium and big personal loans.

Asking for less than $2,000 in loans? You could be approved for loans on payday.

Is MyLenders for me?

At MyLenders, we like to believe that we can help someone find a licensed lender that is available. Simply put, MyLenders has helped individuals from all over Australia locate a lender. Below is a table outlining the type of loans in the small loan spectrum of our network of lenders.

Small Loans Amount Approved
Small loans for Centrelink customers AUD ($) 300
Quick small loans AUD ($) 1,200
Small cash loans bad credit AUD ($) 2,000


Disclaimer: Bear in mind that the explanations mentioned above are only for demonstrative purposes. It’s not guaranteed that you’ll get a loan.

Small Australian personal loans: seeking lenders with MyLenders

MyLenders caters for Aussies nationally looking for cheap, quick funding. In short, MyLenders makes it simple to apply for loans.

A top-notch provider will be found to offer personal loans for Centrelink clients with a lacklustre financial background . In brief, when they most need them, we help our customers locate lenders. We can help you locate lenders that can give you secured personal loans in the range of $2,100 up to $10,000.

Why apply?

With MyLenders, there are so many reasons to submit an application. An individual can unexpectedly and without any warning, find themselves in a financial emergency.

An accidental and immediate visit to the dentist will set you back a few hundred dollars. A sudden family member’s injury, a car crash, or immediate home maintenance after a burst drain.

Let MyLenders take care of locating a creditor, so you can go out and do what you do best. In short, when covering an unforeseen cost, small loans can make a difference.

How we operate

Simply put, you submit an application and we get to work searching for a lender that is available.

Micro loans are up to $2,000 and normally come with a repayment period of 12 months spreading your cost and making payments more cost effective.

No paperwork to apply is needed. Furthermore, MyLenders may find you a lender that could provide an immediate outcome for your loan application.

Lenders will be in touch if the application is approved. Furthermore, the lender will show you how repayments operate on small loans.

What are loans to small enterprises?

One of the foundations of the Australian economy is small enterprises. Small companies offer quality and needed services such  as your  favourite coffee shop or florist. If you’re a small business owner, though, perhaps you know how hard it can be to control your finances.

Fortunately, unsecured small business loans could be an alternative for you if you find yourself in a dire financial situation. When you apply, lenders will review the company’s features to decide whether you are eligible for credit. You’ll then collect the cash you need if accepted.

As a guide, costs that can theoretically be covered by unsecured Australian small business loans include:

  •       Payroll
  •       Daily running expenses
  •       Purchase of new inventory or equipment
  •       Maintenance
  •       Rent and other bills

What’s a small cash loan?

Small cash loans from MyLenders lender network are unsecured loans of less than $2,000, and can be processed electronically easily. These loans will have up to 12 month repayment period.

My Lenders partners with brokers who can give you small loans of up to $ 2,000 for bad loans. My Lenders, on the other hand, will be able to find lenders providing up to $ 10,000 in loans.

How to find small cash loans online?

There are a series of options to apply for a small personal loan online. Many individuals are initially able to locate online personal loan providers. However it can be a bit of a mine field due to the sheer number of online lenders 

With MyLenders lender-finder service, you need not worry. MyLenders is able to search through our network of lenders with a single request to locate an appropriate credit provider. We will pass your information on to the lender from there, and they will get in touch with you.

Forget numerous applications, documents queuing in a bank or being buried in a bunch of paperwork. Create your new best friend in finance with MyLenders

How MyLenders discovers creditors easily providing small loans

The lender-finder service from MyLenders can fast forward the application for a small loan. 

  1. Fill out our application form online.
  1. To find you an available lender, we’ll browse through hundreds of credit providers.
  1. If good, if they will give accept your application, your lender can review and get in touch.
  1. Consumers from here on in can negotiate directly with their lender.

The loan slider shows you how small repayments for loans can look like. These are however just examples. Depending on the lender you’re matched with, the real cost of your loan can vary.

So, MyLenders lender-finder service could be the express ticket for getting in touch with the right lender.

Where can I get approved for small loans?

Initially you could apply for a bank’s personal loan. Anyone can apply in a branch for a bank loan. Generally though to apply for a personal loan from a bank you’ll need a decent financial background.

On the other handy could make an application via MyLenders to gain access to short-term lenders. Short term loans have a more lenient appraisal and quicker turnaround times. The same day as you accepted, you will have access to loans. However, this is contingent on the lender and your own terms.

We take the hassle out of locating a lender when you use MyLenders lender-finder service. We will pair you with an available lender from our network with one submission.These lenders will perform their own review of the submission.

How can I get approved for a small loan?

Credit providers are allowed to responsibly lend capital. In fact, lenders would look to ensure that the repayments match a customers budget even though you just borrow a small sum.

MyLenders is not a credit provider. As a consequence, acceptance or decline of the proposal is up to the lender itself. Each lender can have slightly different requirements and criteria for appraisal.

Online Loans

How difficult is it to get a small loan?

Because each lender is different, their standards and policies for appraisal can also vary. However, since small personal same day loans are normally unsecured, they do pose a higher risk to the lender. So, it may improve your odds of being accepted by adding assets against a larger loan. This is because the amount of danger to the lender is significantly minimized by attaching assets

The policies and requirements for appraisal can vary from lender to lender. Therefore, try staying in touch with them even if your lender refuses your loan application.

Fast microloans: An in-demand loan

Micro loans, which are becoming increasingly common in Australia, are a form of small personal loan. The demand is growing individuals as you can submit electronically and easily get an outcome.

Who is eligible to apply for one?

You need to be over 18 and a citizen or permanent resident of Australia in order to apply. Plus, you need a legitimate email address and mobile phone. Finally, in a personal bank account, you would have earned a monthly salary for the past 90 days or more.

Bear in mind, it does not guarantee approval.

Can MyLenders help me find small loans without credit checks?

Are you thinking about your bad credit history ruining your acceptance chances? You could find yourself shopping around for loans without a credit check. No credit check lenders will base their appraisal on your revenue and expenditures, not your credit score.

We can’t promise whether or not a lender will perform a credit search, because MyLenders is just the lender-finder. However, what we can promise is that we deal with lenders who choose to look at your present relationship with money. So, credit review or not, these lenders may be able to see past the mistakes you have made.

Are you able to find lenders that offer small loans on Centrelink?

For people who need a short term cash loan but are on Centrelink payments, there are options to borrow money. In brief, these loans can be repaid using your income from Centrelink. MyLenders can find lenders that are willing to count monthly Centrelink payments as a source of revenue.

Does MyLenders partner with lenders who offer fast loans?

MyLenders will locate lenders who can handle your small loan application so easily that it can feel almost immediate. If you accept the loan deal, simple loans are approved easily and deposited into your account. Access to funds would rely on conversion times between banks. However, you will actually see the loan within 24 hours of being accepted.

Where can we find lenders offering small loans for people with bad credit in Australia?

MyLenders partners with some lenders who can provide loans to the poorly credited. MyLenders and the lenders for whom we work want to give you that second chance.

So, if you’ve previously been turned down for credit, why not try using MyLenders? We deal with lenders who will be able to accept your application for poor credit loans.

Do My Lenders give small car loans?

No, we don’t offer auto loans at MyLenders. We know a few credit providers inside our lender-network who could help with with an unsecured loan which you could use for a car purchase. What you need to do is apply and our automated system will take over from there. In just 60 minutes it will aim to match you up with a lender.

As a reference, with repayment periods ranging from two to five years, certain lenders will be able to provide auto loans from $5,000 to $30,000. Apply now online. Before you know it, you might be pulling away in your new vehicle

Loans for small business start-ups

Looking to get your next company idea off the ground? Australia’s small business start-up loans may be a choice for you.

To keep your company up and running, you can borrow money to free up cash flow. From there you will be able to make a series of repayments as the company grow, meaning you will finally be debt free in no time.

A small loan for a start-up is a risky venture for any  investor. There’s no way for them to guarantee whether the company will prosper. As a consequence you may be forced to pay high interest rates or you may need to obtain an asset for a small loan.

What are the costs?

Our lender-finding service is absolutely free; you’ll never spend a penny, match or no match. Furthermore, without incurring a fee you can cancel at any time.

We check through our network of lenders to try to locate an open credit provider when you apply online with MyLenders Loans. However, because each lender is a different entity, My Lenders cannot disclose what the cost would be of your small loan 

Ultimately, as well as how much you borrow, the creditor will decide the cost of your small cash loan. Bear in mind, the establishment and monthly fees can also be applied by lenders.

Transparent terms

The maturity terms will be disclosed by your lender in the loan contract. Fees will however, vary depending on each lender and each form of loan (e.g. an unsecured small loan vs. a large secured loan).

We cannot disclose what the fees and costs on your loan would be as a lender-finder that down to the lender. However the loan arrangement should specify all future fees and fees. Furthermore, we suggest that you look at the proposed lender’s expense page. If you have concerns about your loan terms, you may need to get in touch with your lender.

Micro loans – quick outcomes shouldn’t be impossible

Forget about repetitive scams online, annoying phone calls and meetings. When you submit online with My Lenders we find the best lender to suit your needs with one simple application form.

An application may be lodged by customers from any device. Furthermore, our integrated device is able to access a lot of the information we need digitally.

We will still need to check a few contact details, including whether you receive Centrelink payments, MyGov login details. Often, the bank accounts can be interpreted by lenders in a read-only format. To secure your privacy, our partners use the latest security tools, so your data is secure and sound.

When and where we pair you with a lender, our relationship with you ends. First the lender will perform its own review of your application. Finally, once you are accepted, they will give you a copy of your contract for a digital loan 

You are not obliged to accept any credit contract that you are given. If you are disappointed with all of the offered terms and conditions, simply refuse the deal there will be no charge for this.

The loan issuer and their consumer terms are subject to repayments. Usually, a direct debit is set up by our customers and their lenders, so repayments are automated.

What is the smallest loan I can be offered?

The minimum amount of loan that you can apply for through our platform is $300. In addition, to pay an immediate bill or other small costs, this number might be more than adequate If, however you’re searching for a tiny sum that’s under $300, you might need to search elsewhere.

Fortunately, a small loan of as little as $100 can be offered by some lenders. Only make sure that when you submit to these lenders online, you understand all the terms and conditions.

Lenders that care

At MyLender we know that emergencies can strike without warning. This could be in the form of unexpected sickness, injury, or divorce, tragedy can and will hit. We deal with both fair and versatile lenders. If you wish to make improvements to your repayment structure, just get in contact with your lender.

We allow feedback on our service

If you have any concerns with our lenders or our service, please feel free to offer constructive criticism 

If your issue needs more time to be resolved, our team will reach out to you. Also, please note that we may require you to fill out a complaint form.

MyLenders support

Here at MyLenders, you can expect a friendly and welcoming support team to always have your back. They are always available whenever you need to resolve some problems.

Data privacy

My Lenders adheres to the 1988 Privacy Act and considers all consumer information as private. So, when reviewing your application, only our lenders are able to view your details.

We are not a direct source of loans

MyLenders is not a creditor, we are an online credit broker. MyLenders does not fund loans.

We refer applications to a third-party lender who decides if their requirements are met by applicants. First, if applicable, the lender will remind you of their payments and other terms. Even, before signing, please review deals and carefully read loan contracts.

Bond loans, payday loans and travel loans will theoretically be provided through our network of lenders.

Ethical lenders

You may be confident that by MyLenders you can pair up with a conscientious lender. They will take their lending responsibilities seriously.

This means taking practical action, as well as your financial goals, to validate your financial condition. Your lender would also not give you a loan contract that they consider to be unsuitable for your case. In other words, a loan you cannot repay should not be given to you.

Your guide to repayments

At MyLenders, you’ll have a decision to make when you apply. Although small loans will come with a set maturity period of 12 months, you will need to differentiate between repayments weekly, fortnightly or monthly. It’s completely up to you and it is never a smart thing, as a general rule, to match your repayment plan with your salary.

The setting up of repayments is fast from here. Just create a direct debit from your online banking account and you payments will be automated.. All you need to do is ensure that on the appropriate date and that there is enough money in your account.

Are you ready to submit an application?

There can be definite upsides of small loans, but they still have their downsides. They can be costly may not solve your deeper financial issues

Bear in mind that you have options outside of micro loans for managing bills. Speak to the power, energy or water supplier if you’re having trouble covering your utility bills. Your service company will recommend other solutions open to you.

When you are having welfare support, you might be entitled for an advance from Centrelink.


Page Contents (Credit Representative Number - 535991) which is an Introducer Appointed Representative of Marketplace Finance Pty Ltd (Credit Representative Number: 487316).  

MyLenders is not a lender and does not make credit decisions. MyLenders matches customer applications with lenders in our network based on the information provided, in exchange for a commission paid by the lender for advertising services provided. There is no guarantee that you will be accepted by a lender or that you will be offered terms suitable for your financial needs. Not all lenders will be able to provide amounts up to $5000. The time required to process and transfer the loan varies by the lender. This website does not directly endorse any particular product or service. Any information on this site should serve as opinion only. As a condition of extending credit, some lenders you may be matched with may run a credit check from a credit reference agency. Late or missed payments may be subject to increased fees and/or interest rates.

1. Subject to application being approved by the lender. Not all lenders are able to provide up to $5000

2. Subject to lenders requirements and approval. The time that it takes for the cash to be received in your account will depend on your bank’s policies and procedures. 

Consumer Advisory: MyLenders is a loan matching service. This site will submit the information you provide to a direct lender. Upon loan approval, a direct lender may require further information from you which will be collected after we transfer you to their website or they may contact you via phone or email.

All applications will be subject to credit checks and affordability assessments in line with responsible lending. Loan terms, conditions and policies vary by lender and applicant qualifications. Late or missed loan payments may be subject to increased fees and interest rates. Not all lending partners offer up to $5,000 loans, and not all applicants will be approved for their requested loan amounts. Loan repayment periods vary by lender also. Lenders may use collection services for non-payment of loans.

Not all borrowers will qualify for a loan, the operator of this website does not engage in any direct consumer lending, we simply provide a FREE loan matching service to the public. To operate this service we receive a commission from the lender we refer you to.

Auto Decisioning allows lenders to make a decision on your loan application without the need for human interaction, for more information please contact your lender or see their privacy policy.