Frequently Asked Questions

Quick Online Loans is an innovative lender finder that utilises the latest cutting-edge technology as well as years of experience in the financial services industry to help facilitate the decision-making process and deliver a short-term solution to thousands of Australians.

We believe that everyone deserves a fair go, regardless of your financial past. It can always be trusted that we’ll try and help your individual needs, verify your details thoroughly and pair you with a lender.

We take the stress out of applying for a loan by finding a lender that can say yes. Simply submit an application online, which should take a few minutes. The application is paperless and in most cases you will receive the details on lender with minutes.

We have a very basic set of criteria you must meet in order to qualify to submit an application with Quick Online Loans:

  • Are over 18 years of age.
  • Have been receiving a regular income over the last 90 days.
  • Are an Australian citizen or permanent resident.
  • You have a direct contact number.

Providing us with as much correct information as possible means we can give you an outcome on the application as quickly as possible. In order to get started, you will need the following information handy:

  • Your mobile phone number
  • Your email address
  • Your bank account details
  • Your employment details
  • Your Drivers License

Once you sign your lender’s electronic contract, your lender should release the money to your bank account. Your lender will advise you exact transfer times.

We only accept applications online, as we are 100% online. We have made our application process as quick and easy as possible. As long as you have access to the Internet you will be able to apply for a Quick Online Loan on any device.

We don’t conduct credit checks, because we don’t assess your application, we simply find you a lender. However, the lenders we find not may do a credit history check. However, the lender may choose to do so, though this is not the only factor that they’ll look at. They’ll take into consideration your overall financial situation in terms of your income and spending habits.

Our digital application is smart, fast and very easy. This means you can still apply outside of business hours 24/7. One of our friendly operators will be back in contact with you as soon as we are back in the office.

Lenders are required by law to obtain a copy of 90 days of your most recent bank statements.

We access your recent bank statements through our trusted partners, who use the same technology used by a number of other financial services companies. This means you can avoid all the messy and time-consuming work of getting your bank statements to us. It is not possible for anyone at Quick Online Loans to see or access your online banking password.

Costs may vary depending upon each inividual lender. If you do not make the repayments on your loan, other fees may apply. For more information on the costs of a Quick Online Loan, please see our costs.

Repayments can be made by direct debit in line with your pay cycle. This takes the hassle out of making repayments as the money is automatically deducted from your account when you are paid. Of course, anything regarding repayments are handled by your lender, so contact them if you have any concerns.

If you do not make the repayments set out in your contract there may be other fees charged. Generally, your lender will charge a default fee for each repayment that you do not make as per your repayment schedule.

Generally, for small loans, there are no extra costs to pay out your loan early! In fact, paying out your loan early may save you money on monthly fees! However, this is something that you’ll need to confirm with your lender.

If you can’t make a repayment, you should contact your lender straight away. Their customer service team will be happy to discuss your situation.

We understand your circumstances may change after taking out a loan. If you are experiencing financial hardship, you should contact your lender immediately, and they may be able to vary your contract.

You can contact us using the details on the contact us page.

Should you not be satisfied with the service you have received, please let us know. For more information on how we manage complaints, please see our dispute resolution policy.

You can apply for our lender-finding service at any time. We’ll always do our best to find you a lender that is ready to give you a fair go.

Overall Rating:
4.1 out of 5 based on 23 reviews

What are my loan options?

These are typical fees charged by our partner lenders, actual fees and charges may vary.

Loan Amount

$500 - $2,000

Terms

3 months - 6 months

Costs

Most Small Personal Loan Providers charge up to 20% as an establishment fee upfront. You'll then pay a 4% monthly fee.

Examples

Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Loan Amount

$2,100 - $4,600

Terms

13 months - 24 months

Costs

Annual Percentage Rate (APR) is 48%. Comparison Rate is 66.0347% P.A.

Examples

Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Loan Amount

$5,000

Terms

13 months - 24 months

Costs

Annual Percentage Rate (APR) is 21.24%. Comparison Rate is 48% P.A.

Examples

Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.