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5 Best Online Loan Providers in Australia [2024]

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Best Online Loan Provider Australia
Best Online Loan Provider Australia

Online Loan Provider Australia

We all know that online loans are a great way to get money in our pockets when we need it most. However, online loan providers have always been hard to find- until now! The 5 best online loan providers in Australia are listed below. All you need is an internet connection and some information about yourself, and you’ll be on your way to getting the cash you deserve!

1. Moneyspot

Key ServicesPersonal or installment loans
AddressPO Box 1006, Strawberry Hills, NSW 2012, Australia
Phone1300 048 156
Operating Hours8:30am-5pm Monday to Saturday

Moneyspot is an online lender that offers hassle-free personal loans that are entirely handled online. Moneyspot loans are available for up to twenty weeks and may be borrowed up to $5,000. Moneyspot is a leading online lender that provides personal and installment loans starting at $200. They have a simple application and approval procedure, with smallest loans of $200 to $3500 available. Moneyspot processes, approves, and delivers money in an hour (or the next day if requested outside of business hours).

Moneyspot offers a cash loan calculator that allows potential borrowers to estimate what their monthly installments will be before they finish the application. Moneyspot maintains that only working people who can repay the debt are accepted thanks to its strict eligibility criteria.

2. CashnGo

Key ServicesLoans with flexible repayment options
AddressSuite 3, Level 1, 460 Church Street Parramatta NSW 2150
Phone13 13 11
Operating Hours8am-7pm Monday to Friday, 8am-12pm Saturday, Open 24 hours for applications

CashnGo is a short-term lending service that offers quick loans to people in need of money right now. They give potential customers the option to create their payment plan before submitting an application, allowing them to arrange their finances ahead of time.

CashnGo is completely transparent about the total repayment sum of each loan, putting a priority on assuring its customers that they are comfortable with the agreement they make. Anyone with a consistent salary may apply for a CashnGo loan, which can be done online 24 hours a day, 7 days a week. CashnGo makes applying for a loan simple, and they use cutting-edge technology to offer a rapid decision. Funds will be sent almost instantly after approval (although bank transfer delays may occur).

3. Athena

Key ServicesNew 1.99% variable rate (1.99% comparison rate*), Zero Athena fees + free extra repayments and redraw, Available to borrowers with 40% deposit or equity
AddressSydney, New South Wales, Australia
Phone13 35 35
Operating Hours8am-8pm Monday to Friday, 10am-4pm Saturday and Sunday

Athena is a no-fee online lender that has a customer first attitude and some of the best rates available. The Athena Celebrate Variable Home Loan provides the same outstanding terms to new and existing customers, with zero fees included. Furthermore, the automatic rate reduction function means that the more you pay down your loan, the lower your interest rate gets. It’s accessible to refinancers and new borrowers buying in capital or major regional cities with a deposit of at least 40% or equity.

4. SpotMeNow

Key ServicesFast, flexible, and near-instant loans
AddressSuite 138, 41/464-480 Kent Street, Sydney, NSW 2000
Operating Hours9am-5pm Monday to Friday

SpotMeNow is an online loan provider that specializes in fast, versatile, and near-instant lending. How do they achieve this? SpotMeNow uses cutting-edge real-time risk assessment technology to enable their staff to make rapid loan approval judgments.

The loan is available immediately online and can be processed 24 hours a day, seven days a week. With fast decisions and money transfers that happen in the same business day, loan applications may receive a rapid response. SpotMeNow offers loans that are very adaptable, starting at $1,000 and extending up to $5,000 with convenient payment terms.

With no hidden costs, SpotMeNow is upfront with its pricing and has nothing to worry about for borrowers borrowing money. Potential customers can make an informed decision about whether or not to go forward after seeing the overall price of each loan.


Key Services1.85% discounted variable rate for 2 years, Rolls over to low ongoing 2.25% (2.21% comparison rate*)
AddressRiverside Centre, 40/123 Eagle St, Brisbane City QLD 4000, Australia
Phone1300 804 152
Operating Hours7am-7pm Monday to Friday

Since 2011, Aussie owned has been offering low-interest online loans directly to consumers, and this headline-grabbing house loan is certain to entice borrowers to switch banks. The Smart Booster Home Loan is packed with useful options like unlimited free extra repayments, redraws for free, and an optional offset account for 0.10% to help you increase your savings and get mortgage-free quicker than conventional home loans can. There are no recurring charges, and it’s available to borrowers who put down a deposit of 20% on loans up to $1 million.

Online Loan Provider Australia

In the online lending industry, there are a number of online loan providers with different benefits and drawbacks. However, when you’re looking for an online lender in Australia that will do everything they can to make your experience easy and pleasurable from start to finish, look no further than anyone on this list! These companies offer attractive rates on flexible loans tailored specifically to meet your needs as a borrower. Let us know if we can help you find the right fit today–we’re here 24/7!

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Rachel Tan - FunEmpire

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Rachel Tan is the editor at FunEmpire Media Australia. She has over 8 years of experience in the media industry discovering the best local businesses, places and things to do in Australia. From lifestyle, entertainment, food, travel, education and more, Rachel is a trusted source to curate the very best Australia has to offer.