Small amount loans · $2,000 or less

Small loans, without the fine-print surprises.

Cover an unexpected cost and spread it over a set schedule. No interest — just clear, capped fees you can see before you apply.

Check your rate
✓ A responsible Australian lender · Australian Credit Licence [570687]

Estimate your repayments

Illustrative only, based on the legal maximum fees for a small amount credit contract. Your quote may be lower — final figures come with your loan contract.

$2,001
12 months
Est. repayment
$— /month
Total to repay
$—

ncludes an establishment fee of $400 and monthly fees of $960 — no interest.

The basics

What is a small loan?

A small loan is consumer credit for smaller amounts, repaid over a short-to-medium term. Loans of $2,000 or less repaid over 16 days to 2 years are known in law as small amount credit contracts (SACCs). They don't charge interest — the cost is made up of capped fees instead.

Borrow
[$300–$2,000]
Loan term
[XX–XX weeks]
Cost
Fees only · no interest
Repayments
[Aligned to your pay]
What they're for

Built for one-off, short-term costs

A small loan suits a specific, unexpected expense — not ongoing living costs or repaying other debts. If regular bills are the problem, the options further down this page may help more.

🔧

Car & home repairs

A mechanic's bill, a broken appliance or an urgent fix that can't wait.

🐾

Vet & medical bills

Unexpected costs for your pet, or a dental or medical gap payment.

📄

An unexpected bill

A larger-than-usual utility, phone or essential household expense.

No interest — just clear fees

The cost of a small loan

For a small amount credit contract the law caps what any lender can charge, and no interest applies. Here's the most you can be charged — we charge [your actual fees, which may be lower]:

  • 20%

    Establishment fee

    A one-off fee, capped by law at 20% of the amount you borrow. We charge [INSERT ESTABLISHMENT FEE].

  • 4%

    Monthly fee

    Capped by law at 4% of the amount borrowed, per month. We charge [INSERT MONTHLY FEE].

  • $0

    Interest

    Small amount credit contracts don't charge interest, so an Annual Percentage Rate (APR) doesn't apply.

A worked example

Replace this with a real, accurate example based on your fees before publishing.

Borrow $[1,000] over [6 months]: establishment fee $[XXX] + monthly fees $[XXX] = total repayable $[X,XXX], or $[XX] per fortnight.

Terms, conditions, fees and charges apply and are subject to change. All applications are subject to our credit assessment and approval criteria.

Eligibility

Am I eligible to apply?

To apply you'll generally need to:

Meeting these criteria doesn't guarantee approval. We assess every application individually and only lend when we reasonably believe the loan is suitable and the repayments won't cause you substantial hardship.

How it works

Applying takes four steps

Apply online

Tell us how much you'd like and share a few details about your income and expenses.

We assess it

We review your information, including your bank statements, to check the loan is affordable and suitable.

Review your contract

If approved, we send a contract showing the amount, fees, repayments and total. Read it carefully before you sign.

Get your funds

Once signed, [describe your genuine funding timeframe and any conditions].

Start your application
Borrow with your eyes open

Before you borrow, think it through

  • Do you need the full amount? Borrowing less costs less.
  • Can you comfortably afford the repayments on top of your everyday expenses?
  • Is there a lower-cost or free option that could solve the problem instead?

Free help, before you take on a loan

  • Talk to a free financial counsellor on the National Debt Helpline — 1800 007 007 (free, independent, confidential).
  • Ask your electricity, gas, phone or water provider about a hardship or payment plan.
  • On Centrelink payments? Ask about an advance payment — 13 17 94.
  • Visit the Government's Moneysmart to compare your options.
Good to know

Frequently asked questions

[Explain your actual process accurately — for example whether and how you conduct a credit check. Do not claim "no credit checks", as this conflicts with responsible lending obligations.]

[State your genuine, typical timeframe with any conditions, e.g. dependent on your bank's processing times. Avoid absolute promises like "instant" unless they are always true.]

[State your policy — many lenders allow early repayment. Confirm whether any extra fees apply.]

Contact us as early as you can. If you're experiencing financial hardship you may be entitled to a hardship arrangement — [insert how customers reach your hardship team].

Do you really need a loan today?

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow:

  • For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor.
  • Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan.
  • If you are on government benefits, ask if you can receive an advance from Centrelink: phone 13 17 94.

The Government's Moneysmart website (moneysmart.gov.au) shows you how small amount loans work and suggests other options that may help you.

This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.