5000 Loan

Everyone’s financial circumstances are different, so you’ll need to work out which alternative is best for you. If you are looking for quick and easy cash loans, Ozzie Loans provide personal loans from between $5,000 and $50,000 with varying loan terms. With our unsecured personal loans, you won’t need to provide an asset as security, and there is flexibility around what you can use your loan for.

How can I get a $5,000 loan?

The eligibility criteria to apply for a loan up to $5,000 in Australia will differ depending on where you go to get your loan. To borrow money from Ozzie Loans, you need to be a resident of Australia, at least 18 years of age and currently employed. If you meet these criteria, our easy and straightforward application process can all be done online. Gone are the days of face-to-face meetings, lengthy phone calls and the need to provide piles of documents.

At Ozzie Loans, you can apply for fast cash in minutes. When assessing your loan, we’ll consider factors such as your credit history, your income and your living expenses, as well as any existing debt. Being responsible lenders, we don’t want to lend you more money than we think you’ll be able to comfortably afford to repay. The good news is, though, with our speedy assessment process, you won’t need to wait long to find out if your loan application has been successful. If your loan is approved and you agree to it, the money can be transferred into your account straight away.

How much does a $5,000 loan cost?

Loan costs will vary between different banks and money lenders, so it is worth shopping around to find the right personal loan for you. With personal loans, when you take out a $5000 loan, you’ll need to pay the money back in regular instalments along with interest. You can either apply for a fixed rate personal loan where the rate of interest will stay the same over the duration of the loan or a variable rate personal loan where the interest rate will fluctuate. Although initially, a variable rate personal loan may start off with a lower rate of interest, if you like certainty, you may prefer to get a fixed rate where you won’t be in for any surprises along the way.

As well as interest rates, when comparing the costs of different loans, you’ll also need to factor in any other fees and charges such as establishment fees, ongoing fees such as monthly or annual fees, late payment fees, early exit fees and more. You’ll want to find a lender that is completely upfront with their pricing, terms and conditions so you’ll know exactly what to expect before going ahead.

If you are after flexible, low-cost online loans, Ozzie Loans could be your answer. With our transparent costs, you’ll know what the fees and charges will be before agreeing to your loan, and by comparing our pricing with other loan products on offer across Australia, you can see how competitive we are.  Our loans also come with a fixed rate of interest, so you’ll know exactly what your repayments will be for each payment period upfront. This can make budgeting, planning and managing your finances easier. At Ozzie Loans, we also don’t charge early exit fees, so if you find yourself in a position to be able to pay back your loan early, you are very welcome to do so, and you will save yourself some interest in the process.

How long does it take to get a $5,000 loan?

Whether you need to borrow money to take advantage of an early bird holiday deal, pay for urgent car repairs or secure a property with a rental bond, there'll be some situations where you’ll need same day approval. Even needing to wait a couple of days for your $5,000 loan to be approved could mean missed opportunities.

At Ozzie Loans, we understand that sometimes you’ll need cash today! That’s why we have a quick and easy online application form that can be completed in just 5 minutes. And using smart technology, we can assess your loan very quickly, in some cases giving you an outcome in a matter of seconds. Once your loan has been approved and you’ve signed off on your loan terms, which can all be done online, we can transfer the money to your bank account immediately. Transfer times will vary between banks, but often the money can be in your account within an hour. If you need cash now, then you’ve come to the right place. 

Whether you need to borrow a $5000 loan, a $20,000 loan or a $50,000 loan, Ozzie Loans offers large and small loans that you can apply for in a matter of minutes. Apply for our quick and easy cash loans online today, and the extra funds could be in your account before you know it!