Small Loans

We’re totally mobile, and that means you are too. You can apply for our virtual credit card or one of our cash loans online, and manage your money from the convenience of a handheld device anywhere, any time.

When we say we offer easy finance, we mean it. It takes mere minutes to complete our cash loans online application process, which utilises advanced lending technologies to fast-track the outcome of your small loans application.

Gone are the days of agonising waits - you’ll know almost immediately if you’ve been approved for one of our online loans and, assuming you’re successful and applied within business hours, you’ll have the cash in your bank account the same day.

What are Small Loans?

Small loans give you the flexibility and funds to manage unexpected or challenging expenses on your own terms.

We offer a range of small personal loan products to suit a wide range of needs, such as:

Bond loans for when you’re moving house and need cash now to help secure your property and cover utilities or removalists; and

Cash advances for when payday is just a little too far away, and you find yourself in need of some extra cash today to get a little breathing room.

Ozzie Loans small loans provide our customers with a sense of security in their immediacy and the fact that they’re offered with a fixed interest rate only.

 Unlike a variable rate personal loan, where the interest rate fluctuates depending on the state of the economy and how confident the Reserve Bank is feeling (thus affecting your personal loan repayments and accrued interest), a fixed interest rate will remain the same for the entirety of your loan term.

This means you’ll always know 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 security can be extremely useful when initially budgeting for your loan and for long-term financial planning.

Ozzie Loans offers unsecured personal loans between $5,000 and $50,000 at some of the most competitive interest rates in the country, starting at just 6.25%. Taking out one of our small loans is a great way to get quick access to cash without relinquishing control of your finances or committing to an unsuitable variable rate credit product.

If you’re after a line of credit with a redraw facility, consider our Ozzie Loans virtual credit card. Accessed exclusively via your smartphone, credit limits are available up to $15,000 for approved applicants. You can shop in-store using Tap n Pay online and transfer funds directly to your bank account.

Whatever your preference, Ozzie Loans believes in responsible lending and will support you fully throughout the application and money management process.

We’re transparent with our small loans application process and with our fees and charges, and we won’t charge you for early repayments by slugging you with termination fees - in fact, we’ll reward you!

We love to celebrate our good customers, so each time you close a line of credit with us, we’ll re-evaluate your account. If you’ve demonstrated consistent positive credit behaviours over time, you’ll likely be eligible for higher credit limits and lower interest rates on your next application.

But we’re also here to help if things get tough. If you find you’re having difficulty with your repayments, please reach out to us as soon as you identify a potential problem. It’s important that we understand any changes in your repayment behaviour, and taking preemptive steps can help you to avoid a negative impact on your credit score.

So if smart, supported money sounds like your thing, visit us online and take advantage of our calculators and comparison tools to assess which Ozzie Loans product is best for you. Once you’ve decided, the rest is easy!

Are there eligibility criteria for on the spot loans?

Although loans will be processed quickly on the spot, you’ll still need to meet certain criteria to be eligible. To apply for a personal loan at Ozzie Loans, you need to be a resident of Australia, currently employed and at least 18 years old at the time of your application. If you fulfil these criteria, we will consider factors such as your income level, living expenses, and any existing debt or other financial obligations when determining your rate of interest and the amount of money you can borrow. Being responsible lenders, we will also look at your credit history as that can give us an idea about how likely you are to be able to meet your repayment obligations on time. However, we don’t automatically exclude anyone who has a mark on their credit file. If your loan is not approved for any reason, you are welcome to re-apply at a later date, as we know people’s financial circumstances can improve over time.

How to apply for a small loan?

Applying for small loans is simple with Ozzie Loans.

We offer unsecured personal loans between $5,000 and $50,000 at competitive rates, with a quick response time and funds delivered to most accounts the same day. To be eligible to apply, you’ll need to be at least 18 years of age and an Australian citizen or resident for tax purposes.

You can apply directly via our mobile-friendly website (just click ‘Apply Now’) using your smartphone or other devices.

Our 100% online application process doesn’t require messing around with uploads of supporting documents and takes less than five minutes to complete.

We’ll ask you about how much you’d like to borrow from us, and over what period of time. Once we know that, you’ll need to tell us about your employment and income, daily expenditure, and any liabilities, savings, and assets. It’s important that you’re able to demonstrate your income through regular deposits into the same bank account, so if you’re self-employed or get paid in cash, you might need to change how you process your finances before applying.

As a big part of the assessment process for our small loans - and, in fact, all of our credit products, including our virtual credit card - we’ll take a look at your credit history.

You may have heard that there have been some significant changes in the way that credit is reported and recorded. Previously, your credit file only reflected negative credit behaviours, such as where you may have missed a bill or defaulted on a line of credit.

The new, more comprehensive method of credit reporting allows us also to see your positive credit behaviours. This means all your regular, on-time repayments are recognised, creating a much clearer, fairer, and more positive borrower profile. Given that your credit score plays a huge part in determining your borrowing capacity and what interest rates you’ll be offered, we think this is great!

Once you’ve completed the online application form, you’ll be asked to sign in to your online bank platform. It’s important to note that we don’t receive access to your account - our 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 income, existing debt, and other expenses in your application.

Combined, this information gives us an accurate picture of your current borrowing capacity, including accounting for contingencies.

Ozzie Loans takes care to consider each loan request individually and utilises the latest lending technology to ensure our assessments are fair and transparent, so we can offer you the best small loans and most competitive interest rate for your current circumstances.