Need a Loan

Why do you need a loan?

Ozzie Loans customers choose our cash loans for any number of personal reasons, but we know one of the biggest ones is because they’re fast.

If you’re in need of a loan, we offer cash loans online between $5,000 - $50,000 at some of Australia’s most competitive interest rates. Other than our quick turnaround rate,  are a few things that make Ozzie Loans one of the best money lenders around. We only offer loans which are:

Fixed Rate Interest

Unlike a variable rate loan, where the interest rate fluctuates depending on the Reserve Bank and state of the economy (thus affecting your loan repayments and interest), a fixed interest rate won’t change for the duration of your loan term.

This means you’ll know from the get-go exactly what your monthly repayments will be and how much interest you’ll accrue over the duration of your loan - including all rates and fees. This can be extremely useful when budgeting for your loan and for long-term financial planning.

We offer some of the most competitive personal loan interest rates in the country, starting at just 6.25% p.a.

Unsecured - Ozzie Loans only offers unsecured cash loans. That means if you need a loan, you won’t require a significant tangible asset, like a house or car, to offset any risks associated with lending money to you. 

Unsecured loans are offered solely on the strength of your income and employment, savings and expenditure, your credit score, and your general financial habits. 

Fast - If you need cash today, Ozzie Loans is where you want to be. Our online loan application process takes only a few minutes to complete, and you’ll receive approval in about the same. As long as you’ve applied during business hours, you could have your loan money in your bank account within an hour. 

Flexible - Ozzie Loans is all about easy finance. 

Unlike other money lenders, we don’t penalise our customers for making early repayments on their fixed rate personal loans - in fact, we encourage it! We’re also here to help if things go south and you find yourself struggling to make your usual repayments. Over time, there might be extra fees, but we’ll be upfront with you about all costs and work out a suitable monthly repayment plan to help you get back on your feet. 

What should I do if I need a loan?

If you need a loan to get cash now, apply online with Ozzie Loans today!

To apply for any of our products or services, you’ll need to be at least 18 years of age, employed (or self-employed) with a demonstrable steady source of income, and an Australian citizen or permanent resident. 

First up, we’ll ask you about how much money you’d like to borrow for your loan and over how long. After that, we’ll ask you to tell us about your income and employment, regular expenses like rent or mortgage repayments, utility bills, subscriptions, insurance and groceries - as well as any liabilities like credit cards or other loans. 

As a part of our assessment process, we’ll take a look at your credit history. There have been changes previously in the way that credit is reported and recorded, and we’re big fans. Whereas previously, your credit file only reflected any rough spots, such as where you missed a bill or defaulted on a line of credit, the new, comprehensive method of credit reporting allows us also to see all your regular, on-time repayments, creating a much clearer, fairer, and more positive borrower profile.

Finally, we’ll ask you to sign in to your online bank platform. It’s important to note that we don’t receive access to your account - our online loan management system simply requests a 90-day transaction statement in PDF read-only format from your bank.

After receiving it, we’ll use it to confirm the information you provided around your pay, existing debt and other expenses in your application and let you know if you’ve been approved.  

What documents do I need for a loan?

None! We utilise the latest lending technology, which means we can verify all the financial information we need online. If you need a loan, all you’ll need to apply with us are two forms of Australian government-issued identification, such as a passport, driver’s licence, medicare or proof of age card. No paperwork, no phone calls, no fuss. Easy!

How much deposit do I need for a business loan?

Ozzie Loans offers unsecured personal loans between $5,000 to $50,000, as well as a personal virtual credit card with a limit of up to $15,000.

We don’t specifically offer business loans - but if you’ve got a dream and need a loan to borrow some cash to make it a reality, you can make good use of our flexible finance to help get you started.