Instant Cash Loans Melbourne

At MyOzMoney, our range of instant cash loans in Melbourne start at just $2,100 which you can choose to borrow over 12 months and are available for up to $50,000 that you can apply to borrow over 5 years or 60 months. We are Australia’s online lender offering fair, easy and responsible online lending that takes you less than 5 minutes to apply for. We offer customers access to a range of finance products right across the country which includes all of Greater Melbourne from the CBD to St Kilda, South Melbourne, Frankston, Dandenong, Bundoora, Werribee, Southbank, Docklands and Port Melbourne. You can also apply for instant cash loans in Sydney or instant cash loans in Brisbane online via our website. Apply today to discover how much you could be approved for.

What is an instant cash loan?

Getting quick cash loans from MyOzMoney is quick and simple. You can apply online in less than 5 minutes for any of our instant cash loans in Melbourne starting at $2,100 over 12 months up to $50,000 taken over 5 years (60 months). Applying for small loans can be a great way to access fast cash loans when you need them for those little costs that can build up and clean out your cash flow. If you’ve got some upcoming expenses like mechanical repairs, medical bills, needing a new computer or smart device then our range of short term loans can be a fast and effective way of keeping your cash flowing and getting what you need sooner rather than later. 

For larger expenses like a new vehicle or for paying for medical procedures or study costs, our long term personal loans are just as quick and easy to apply for. As a wholly online moneylender, we have tailored both our application and assessment process to be as fast and intuitive as possible. You can apply for our online loans from any device and complete and submit your application form in less than 5 minutes. We don’t need copies of things like your payslips or a rental ledger. We need very little in the way of documentation. Just a few forms of basic identification like your driver’s licence and your Medicare card are all you’ll need today. 

How to get instant cash loans in Melbourne?

We also ask for your online bank details during your application to help us fast-track your application. We don’t see your login credentials or gain access to your account in any way. This portal only allows us to receive a read-only 90-day bank statement from your everyday account and we use this statement to verify your application details in a matter of minutes. 

Once you’ve been approved for a new cash loan with us, you’ll receive your new loan contract digitally too. Simply review all of the details including the fees, lending terms and conditions and the total cost of your loan including the total interest payable and repayment amounts. If you’re happy with your review and you want to proceed with your finance offer, then simply sign it online and send it back to us. As soon as we have received it, we authorise the immediate transfer of your new funds. This means that when you apply for any of our fast cash loans online today, you could have the money that you need in your account the very same day. This will depend on who you bank with and how long it takes for them to clear the amount that you have asked for.

How does repayment work for instant cash loans?

Repayments are fixed throughout the term of your loan which means that you pay the same monthly or fortnightly amount for the length of your loan. Repayment amounts include part of the principal amount borrowed and part of the interest that you owe. Your loan offer will show you how much your repayment amount is, when it will be direct debited from your account and how many repayments you will need to make.

With our range of quick loans, you can’t increase your loan amount while you’re within your loan term. In other words, you can’t redraw any repaid credit balance and you can’t increase your loan amount for some quick additional funds. You can, however, repay your loan balance early without having to pay an early termination fee and then reapply for a new loan straight away. If you’re looking to refinance, you may be approved for a new loan which includes the amount you need to pay out your existing loan as well as the additional funds that you’re looking for.

A faster and more flexible credit alternative may be our line of credit option. This is a revolving credit line which means that you can transfer cash amounts from this account directly to your bank account whenever you need it and then reuse those credit funds once you have repaid them. Our line of credit is available for balances between $1,000 and $15,000 and a minimum withdrawal amount of $100 applies. When you need quick cash in a hurry, you can transfer it instantly from your pre-approved credit account with MyOzMoney and then repay it with regular repayments, your way. Reschedule or even split your repayment amount when you need and manage everything from our fast and intuitive online portal.

Ready to submit a new application for instant cash loans in Melbourne? Apply online now.