The Best Way to Get a Personal Loan in Australia


Quick loan - Apply in just 5 minutes!

Paperless and Faxless Application Process

Fill out the application, at, and if approved 4 hours later you could have money in your account.*

Quick Loans

Get connected with a cash loan right now!

Get a loan of up to $5,000* Complete our simple 5 minute application and if approved the lend will send the money directly to your account. Bad Credit is not always an issue. Quick Loan Cash Loan

Personal Loans are available to all states of Australia. Most of our customers are from Sydney, Melbourne, Brisbane, Perth, Gold Coast and Sunshine Coast areas.

Personal loan in Australia

The Best Way to Get a Personal Loan in Australia

Let’s say you need a loan to purchase a car or renovate your home. Who do you turn to? While the most traditional way of getting a loan is through a bank, there are much easier, faster, and securer ways to get your hands on funds that you require!

In this blog, we will shed light on the types of personal loans and explore the various ways of getting a personal loan in Australia. Let’s begin!

What Is a Personal Loan?

A personal loan is a fixed amount of money that one usually borrows for a set amount of time and repays it with interest in regular payments over the course of the loan term (generally between 3 to 5 years). Most people in Australia take personal loans for debt consolidation, going on a vacation, home renovations, car purchases, planning weddings, paying student fees and medical bills, etc.

Types of Personal Loans

There are 4 major types of personal loans:

1.Fixed-rate loan: A fixed-rate loan has a fixed (higher than variable) interest rate over the loan term. There is no risk of your repayments increasing with the rising interest rate if you choose this option. Fixed-rate loans are easy to budget and ensure regular monthly repayments. However, you may miss out on interest savings due to rate cuts.

2.Variable-rate loan: A variable-rate loan has a fluctuating interest rate. You save money if the interest rate falls and can make extra repayments towards the loan. However, if the interest rate rises, repayments will increase. This can make it difficult to manage them.

3.Secured loan: A fixed or variable-rate loan may be secured against an asset as collateral, such as your car. Secured loans have lower interest rates because the lender has the right to claim the asset if you default.

4.Unsecured loan: A fixed or a variable-rate loan may be unsecured. This means that you do not have to assign any asset as collateral. Such loans have high interest rates to provide security to the lender.

3 Ways to Get a Personal Loan in Australia

There is no one way to apply for a personal loan. Many financial institutions in Australia provide lending services. The most common of these institutions are banks and credit unions. Third-party lending services like CashOnYourMobile are also becoming increasingly popular due to their easy applications and fast approval procedures!

Here are 3 ways to apply for a personal loan in Australia (#1 is the best!):

1. Via Online Lender CashOnYourMobile

CashOnYourMobile is Australia’s Most Trusted Lending Service. Whether you need cash loans, payday loans, car loans, caveat loans, or business loans, CashOnYourMobile is here to help fix your money problems quickly!

The online lending service can help you secure up to $50,000 in cash in as little as 4 hours to solve your financial issues as soon as possible. If you are tired of visiting banks and getting rejected because of your poor credit score, do not worry as CashOnYourMobile provides bad credit personal loans as well!

CashOnYourMobile has an Australian Credit License and is also registered with the Australian Financial Complaints Authority. If you are over 18 years old, have Australian citizenship or Permanent Residency, earn at least $550 a month and have a savings or a checking account, you can apply online for a loan between $400 and $50,000 today!

2. Via Credit Unions

Another way to apply for a personal loan in Australia before you go knocking on a bank’s doors is through your local credit union, especially if you have a poor credit score (690 or below).

Credit unions are not-for-profit organizations that offer both secured and unsecured loans. However, they rarely provide loans with variable interest rates. The fixed rate you will get from a credit union will depend on your income, debts, credit score and credit history.

Different credit unions have different policies and application procedures. Some have an online application, whereas others will require you to come in and submit your paperwork.

The difference between credit unions and online lenders is that credit unions run a hard credit check before approving a loan, so even a small dip in your score can impact your personal loan approval. Some credit unions, especially those in underdeveloped areas, may not have mobile banking or online technology that most online lenders have. This can slow down the entire application and approval process.

3. ViaBanks

For decades people have been walking into banks and applying for loans. Obtaining a bank loan is one of the most preferred methods since a bank is a reliable entity. However, there are major drawbacks associated with getting a personal loan from a bank.

Banks have stringent policies and rules. It is extremely tough to qualify for bank loans. You can forget about getting a bank loan if you have a bad credit score or credit history. Banks only lend to individuals who they know for sure can repay.

Most personal loans taken from banks are secured, have high interest rates and lengthy application procedures. It can take months before you receive your approval for a bank loan.

Bank loans also have a reputation for being inflexible. You could be paying interest on funds that you are not even using without realising it. In addition, bank loans have extra charges such as early repayment fees and service fees, making them an expensive mode of financing.

Verdict on the Best Way to Get a Personal Loan

This is the era of technology. The world is moving at a fast pace, and everything is getting digitized. In such times, turn to online lenders, such as CashOnYourMobile, that provide quick and secure lending services. Let go of all the stress. Do not bother yourself with making phone calls. Simply apply for a personal loan in Australia via CashOnYourMobile and receive up to $50,000 in funds for around 12 months with great convenience!


What is a Cash loan?

A cash loan is a short term loan which can be paid off over a short period of time upto 12 months

How much can I borrow?

You can apply for $400 to $2,000. The lender will tell you how much you qualify for when you application.

Fast Loan Approvals

Loan requirements are minimal. Your loan pre-approval is just a few clicks away.

Quick Cash in Minutes

If approved, electronic transfer can be in as little as 4 hours. Most bank transactions will be received within 1

How It Works

If you have a cash flow problem is your best solution. A simplified application and

Is my personal information secure?

We use the most up to date and technologically advanced equipment and software to protect your privacy.

Happy Customers and Keeps Counting

Get pre-approved for a personal loan today!


Eligible Borrower:


A payday loan or cash advance is a short term loan. It provides the consumer with the needed cash to use until their next payday, or over a 12 month period. The loan, plus any applicable fees, is paid back on the consumer's next payday (This can be extended if required)

  • 18 years of age or older.
  • Australian Permenant Resident.
  • Valid check or savings account with direct deposit.
  • Regular income of at least $1,000 per month.
  • Bad Credit or Centrelink Customers are welcome to apply. (Centrelink)
  • *All Loans are subject to an assessment of suitability and affordability.

If approved, electronic transfer can be in as little as 4 hours. Most bank transactions will be received within 1 business day, although certain banks can take up to 48 hours to show the credit

Before you get started owned and operated by Fish4Loans Pty Ltd | ABN 89 603 132 618 | Australian Credit Licence Number 474107

Register online from home on your PC or from anywhere using your mobile device

If your application is succesful you will be presented with a loan offer subject to terms and conditions shown on the offer.

We are a Licensed Finance Broker. We do not provide any kind of credit facilities. Your request will be referred to a third party that you can deal directly with.

You will be advised of the 3rd party lenders fees and charges before signing your contract. We may receive a small fee (amount unascertainable) from these third parties for the referral.

It is recommended that you take independent legal and financial advice before taking up any products that you are referred to.

Frequently asked questions

Normally within 24 hours of application approval. Bank holidays, weekends and certian banks can impact delivery time up to 48 hours

Our lenders costs are the same for all states. They charge an establishment fee which is 20% of the loan amount you borrow plus a 4% monthly fee.

Yes you can. Your credit score does not always play a factor in most of our lenders decisions.
All our lenders will perform credit checks but bad credit will not always preclude you from obtaining a loan

The loan amount and any fees will be electronically deducted from your bank account on the due dates. You do not have to do anything.

Please speak directly with your lender if you have any issues paying back the loan.

Fill out the easy online application and submit it. You are under no obligation at that point. You will be able to see the loan offer before agreeing to it.

Customer Service Contact