Instant Loans Melbourne

Get approved for instant loans in Melbourne when you apply online with MyOzMoney. Applications take you less than 5 minutes to complete and submit and there’s no lengthy paperwork needed. As a wholly online lender, not only are we able to offer fast online approvals and same day cash transfers for approved customers, but we also service the entire country including the Greater Melbourne areas of Melbourne CBD, South Melbourne, Frankston, St Kilda, Bundoora, Dandenong, Werribee, Docklands, Southbank and Port Melbourne.

What is an instant loan?

We offer customers just like you a complete range of online loans ranging from $2,100 through to $50,000. Loan terms are available from 12 months up to 5 years (60 months) or you can opt for our line of credit option offering you instant access to cash when you need it. Apply online now for balances between $1,000 and $15,0000. 

An instant loan in Melbourne comes in a variety of forms. If you’re thinking about applying for unsecured personal loans, then read on to find out how it works. Once you apply and have been approved for a new loan with us, your loan balance is transferred directly into your bank account the moment you return the (digitally) signed contract to us. You then repay that loan with fixed monthly or fortnightly repayments throughout the term of your loan (1 year up to 5 years). You can use online tools like our repayment calculator to discover what a likely repayment amount on your desired loan would be before you apply. This is a great way to discover your comfortable borrowing power and frame up a new budget for your loan.

If you choose our line of credit option, then you are pre-approved for a credit balance up to $15,000 which you can draw down on when and if you need by transferring cash directly to your own account. Minimum withdrawal amounts of $100 apply. Once your credit funds have been repaid, they become available to transfer and use again, over and over.

Where to get instant loans in Melbourne?

Get approved for the fast cash loans in Melbourne that you’re looking for today when you choose MyOzMoney. Our online application process takes you just 5 minutes to complete and submit online and we don’t ask for lots of paperwork nor do we need to confirm your employment details with your boss. Instead, we use a range of software solutions to produce a fast and fair loan assessment process. We ask for your online bank details during your application, which allows us to receive a recent 90-day banking statement directly from your account. When you complete your online form with us, you are directed to a secure portal and asked to log into your online banking platform. By doing so, you authorise a read-only PDF format statement to be forwarded to our loan assessment team which we use to instantly verify your application data.

Customers who apply for our quick cash loans online during our business hours typically receive a response within minutes. If you’re happy with your loan offer, then you simply have to accept it online and return it. As soon as our loan assessment team has received your signed contract, we authorise the release of your funds immediately. You could have the money you need in your account the same day that you applied for it when you choose MyOzMoney.

How much can I borrow with instant loans?

Our range of personal loans come with fixed interest rates and fixed repayments for the term of your loan. Your new quick loan contract from us will clearly show you the interest rate that you have been charged, the terms and conditions of your loan and any other fees and charges that may be applicable. Your fixed repayments are direct debited from your account either fortnightly or monthly, depending on what you have opted for. There are a set number of repayments split evenly over the loan term but if you would like to pay out your loan balance ahead of schedule then you can do so without paying an early termination fee, like other money lenders charge. This is just one way we work to remain as flexible and customer friendly as we can, rewarding our good credit customers with lower fees and charges.

Even once you begin making repayments on your loan, you are not able to redraw funds from that loan or increase the loan amount if you need a little extra. You can choose to refinance your existing loan, but this will require a new application for a loan amount which includes the remaining balance on your loan plus whatever new funds that you’re looking for. The good news is that we don’t charge our customers early termination fees when they pay out their loan balance early, even our short term loans.

If flexibility and reusing your credit funds is something that you’re looking for then you might like to consider our line of credit option instead. Just like a credit card, a line of credit is a revolving line which means that you can use credit funds you have repaid immediately, like small loans when you need them. Unlike a credit card, the MyOzMoney line of credit comes in the form of a pre-approved credit balance you can use for instant cash loans when you need them. You simply transfer your desired cash amount from a pre-approved balance between $1,000 and $15,000 (minimum withdrawal of $100 applies) directly into your bank account whenever you need to. 

Apply online today for instant loans in Melbourne from MyOzMoney for up to $50,000.