8 Top Loan Apps Australia: Everything You Need To Know

Dorathy Ikpe
Dorathy Ikpe July 20, 2022
Updated 2022/07/27 at 1:56 PM
Loan Apps Australia
Loan Apps Australia

Loan Apps Australia will be our topic today, we will be taking a close look at the top best loan apps in Australia for those in need of quick and instant loans.

No matter how well you plan out your finances, there are instances where you may need emergency cash or quick money to augment your already available cash. This is where various loan apps Australia comes in.

These apps will provide you with different loan services depending on your need. But then, choosing which loan app to use can be tedious. I mean, what makes one different from the other if they all seem to be offering the same thing? 

In this article, you will find a detailed explanation of the top loan apps in Australia, the kind of services they offer, and what makes each different from the others. With the information we will provide in this article, choosing a loan app should be a walk-over. 

List of Top Best Instant Loan Apps in Australia

  1. MoneySpot
  2. CashnGo
  3. Credit24
  4. MoneyMe
  5. Cashify
  6. Fundo
  7. Loans.com.au
  8. Athena
  • MoneySpot


Fast Loans Online | Fast Cash Loans - Moneyspot.com.au

Top on our list of best loan apps Australia is MoneySpot. MoneySpot is a loan app committed to providing you with a hassle-free solution to your short-term borrowing needs.

With the motto, “Small loans are our business, what you need them for is your business.” MoneySpot provides personal loans designed to help you over whatever you might be facing. It offers small to medium online loans ranging from as little as $200 to about $5000, with a minimum of 42 days and a maximum of 90 Days repayment period. 

MoneySpot is a member of the Australian Financial Complaints Authority service, and the ASIC regulates them. it boasts 24-hour services, as well as stress-free and seamless transactions. 

Loan Services offered by Moneyspot 

Among the other services provided by MoneySpot are Same Day loans and Fast loans. 

Same Day Loans mainly benefit customers who bank with one of the major banks. This category of loans is processed during business hours on the same day as the application. However, they are paid on approval by the bank, and their transaction speed mostly depends on how early the transaction is approved. 

Fast Loans which includeinstalment loans for high-priority expenses like medical bills

  • cash advance loans which are typically below $500
  • installment loans – ranging from $200 – $5000
  • personal loans 
  • short-term loans which have a repayment period of fewer than 15 weeks

How To Apply

The application process for a loan on MoneySpot can be carried out on any mobile device, or via the website here

During the application, you will be required to fill in personal details including;

  • Your banking details.
  • Your driver’s license number 
  • A mobile phone number that is capable of receiving an SMS.

Criteria For Eligibility

  • Applicant must be 18 years and over
  • They must be an Australian citizen
  • Should be working, with a stable source of income

Click here to apply for a loan on MoneySpot.

  • Credit24

Credit 24 loan app

Next on our list of top loan apps Australia is Credit24. Credit24 is owned and operated by IPF Digital, a leading online loan provider that provides short and medium-term loans to customers across the globe.

IPF Digital operates various Credit24 platforms in different cities worldwide and has approved over 200,000 loan transactions for users through these different platforms. 

Credit24 is a simple and flexible loan app that offers personalized loans with fast transactions. Unlike other loan apps, it allows customers to choose from an extended repayment period of 2 to 12 months. The application process for loan transactions is very detailed and thorough.

This ensures customers are granted reasonable amounts of loans that they can afford to pay back. Transactions are secure and are entirely online. 

Some Loan Services Offered by Credit24

  • Student loans
  • Short-term loans 
  • Travel loans 
  • Wedding loans etc

How To Apply 

The applicatss for Credit24 involves completing an online application form. Once you have compared and selected your personal loan options, proceed to start your application here

Criteria For Eligibility 

  • 18 years or over
  • A permanent resident of Australia 
  • You must be employed with a monthly income of $600
  • Applicant(s) must have a reasonable credit history.

Click here to apply for a loan on Credit24

  • CashnGo


CashnGo is a short-term money lending platform that provides loans to people in need of a small amount of money for a short period. 

Some of its many features are an effortless application process and a fast transaction speed. 

CashnGo offers small to medium loans with flexible repayment periods and different transaction features. Small loans of $2000 and less have a repayment period of 62 – 180 days. The Annual Percentage Rate (APR) for this type of loan is 0%, but you will be required to pay other fees like an establishment fee of 20% and a monthly fee of 4% of the amount borrowed. 

Loans ranging from $2000 – $5000 are categorized as medium loans and have a completely different transaction feature. The annual Percentage Rate (APR) of these loans goes as high as 48% with a $400 Establishment fee. The loan repayment period for medium loans extends from 2 months – 12 months. 

CashnGo also provides loan services like Same day loans, payday loans, fast cash, instant cash, quick loans, personal loans, etc. 

The application process for loans on CashnGo is equally flexible. It means you can choose to carry out all your application procedures online where you can view your application status and finalize your loan, or you can visit its physical store and fill out an application form.   

Click here to apply online for a loan from CashnGo

  • MoneyMe

financial slot moneyme image

MoneyMe is another loan app Australia that gives instant loans with outstanding rate options. It grants you access to fast credit of up to $50, 000, and has one of the fastest and simplest application processes.

It takes less thdoes 24 hours from the time of application to complete a loan transaction on MoneyMe. And, unlike other lenders, it do not charge any fee for closing your loan balance out early. 

Loan Services Offered By MoneyMe

  • Quick loans 
  • Short term loans
  • Cash loans & cash advances, etc. 

Criteria for Eligibility 

  • Must be a permanent resident of Australia 
  • At least 18 years of age 
  • Should be currently employed 

Click here to apply for a loan on MoneyMe. 

  • Athena

           financialslot athena image

Popularly referred to as ‘the home loan wrecker’, Athena is a leading home loan apps  Australia whose primary aim is increasing customer satisfactionSome of their customer-friendly features include zero annual fees, zero transaction fees, and considerably cheap rates.   

Athena has an automatic rate reduction feature – this feature automatically lowers your interest rate as you pay off your loan. Other features customers have access to include a redraw facility, an offset account, and the ability to make free extra repayments. 

Initially, Athena Home Loans only offered its plans to refinancers. But recently, it extended its services to accommodate new homeowners. 

Loan Services Offered by Athena

  • Regular Athena –  allows you to borrow up to 80% or less of your property’s value
  • Athena Select – allows you to borrow up to 95% or less of your property’s value

How To Apply

The application process for Athena Home Loans is pretty easy. Whether you’re looking for Athena or Athena Select loan plan, you will go through the same procedure. 

Fill out the loan application form here and submit it. You will have access to Athena Home Loan Specialists who will analyze your situation, and provide you with options that are best suited for you. 

  • Fundo

Another app on our list of loan apps Australia is Fundo. Fundo is a short-term loan provider that offers quick and easy online loans between $300 – $2000. 

It is an Australian-owned platform that provides fast cash loans and short-term loans for Australian citizens. It has a 20% establishment fee which you pay upfront and a 4% monthly fee.  The application process for Fundo is completely online and hassle-free, with no complications or unnecessary legal procedures. 

How To Apply 

To begin the application process for Fundo, fill out and submit the online application form. Your application form will be accessed and your application will be processed within 24 hours.

Criteria For Eligibility

Applicant must be;

  • over 18 years
  • employed and earning at least $300 a week in regular income
  • capable of meeting repayment deadlines

To apply for a loan on Fundo, click here

  • Cashify


Cashify is a private finance lender that provides fast loans with instant cash transfers. This loan platform boasts of an easy loan application process and flexible repayment options. 

Cashify provides unsecured personal loans of $2000 – $5000 and personal+plus loans of $5000 – $50,000 with a loan term of 3 – 12 months.

The loan rate of Personal Loans stands at 48% per annum compared to that of Personalized+Plus loans which stand at 8.5% per annum. 

Aside from these two loan plans, Cashify also offers a range of other loan types. They include;

  • Retirement loans 
  • Wedding loans 
  • Small loans 
  • Debt Consolidation loans 
  • Medical loans, etc

How To Apply 

Simply fill out the application form here. You will be required to fill in some personal information like; 

  • A proof of ID 
  • Current employment status
  • Income and bank statements 

Criteria for Eligibility 

  • The applicant must be an Australian citizen 
  • Should be 18 years and above 
  • The applicant should be employed 

For a personal loan:

Applicants should have;

  • other sources of income apart from Centrelink
  • a full-time or part-time job, or must be otherwise self-employed

For a personal plus loan: 

Applicants must have;

  • a minimum income of $50,000 per year 
  • permanently employed or self employed 

Click here to apply for a loan on Cashify.

  • Loans.com.au


Last, on our list of top loan apps Australia is Loans.com.au. Launched in 2011, Loans.com.au is Australia’s first online lending platform. 

It has grown to be one of Australia’s largest and most trusted online lenders and has generated over $6 billion in loans over the years. 

Loans.com.au offers low-interest rates and fees to customers, as well as flexible transaction options like discount rates for large deposits. 

Loan Services Offered 

Loans.com.au offers home loans and personal car loans. 

How To Apply 

The application process for loans.com.au can be completed online on its official website, or through its online app – onTrack.  Using the online app allows you to perform seamless loan transactions from your mobile phone, in your own time. 

When filling out your application form, the following information is required;

  • Personal details 
  • Financial situation
  • Property details 
  • Current employment status
  • Your income
  • Any assets or liabilities you own 
  • Current credit score


Criteria for Eligibility 

  • Applicants need to be 18 years old and above
  • You must be an Australian citizen or a permanent resident of the country

To apply for a home loan on Loan.com.au, click here

To apply for a car loan on Loans.com.au, click here.

Frequently Asked Questions (FAQs) on Loan Apps in Australia

What is an establishment fee?

Any amount charged by a lender or a lending platform to process a loan application is called an establishment fee.

What does APR mean? 

APR is the acronym for Annual Percentage Rate. It is the amount you pay every year to borrow money. Usually expressed in percentage, it includes the interest rate and every other fee you pay to get the loan. 

Which apps offer loans instantly? 

Whether you’re searching for instant loans, online loans, instant money, quick loans, small loans, payday loans, instant cash loans or the best loan apps,  the various platforms we’ve listed above offer these services. 

What do I need to apply? 

  1. Your personal ID or any other means of identification
  2. Bank statements
  3. An employment letter, or any document showing your employment status

Can I apply for a loan as an international citizen? 

Although most loan apps do not offer loans to non-Australian citizens, MoneyMe has a plan designed for non-residents of Australia. Click here for more information. 

Related Post

Finally, whether you are looking to get a student loan, a car loan, or you’re looking to sort out medical bills, you have several loan apps Australia to choose from. All these apps offer a variety of services, and it is essential to pick one that best suits your plan and needs. 

Now that we have covered everything on loan apps Australia, we believe that you now know what it takes and how to go about securing a loan using any of these apps.

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