Small Loans
Get the funds you need with our small loan services. Fast, easy, and secure online application process.
How Much Do You Need?
Need a Small Loan? Get it on WeLoans!
When it comes to getting a small loan, choosing the right provider can make all the difference. Here at WeLoans, we can help you find a small loan that fits your budget and repayment schedule. We ensure the process is quick and easy and you can get a great deal from our reputable lenders.
Features of Small Loans on WeLoans
Getting small loans is hassle free on WeLoans, thanks to the multiple features that come with our services.
Up to $5,000
You will see various loan options that can be tailored to your individual needs, with the loan amounts up to $5,000.
High approval rate
It's generally easier to get approved for our small loans than traditional loans, and your loan application will be approved quickly and efficiently.
Apply from your home
Your credit score won't be the only factor our lenders consider. At WeLoans, you can find small loans even for bad credit borrowers.
Bad credit considered
Your credit score won't be the only factor our lenders consider. At WeLoans, you can find small loans even for bad credit borrowers.
Trusted lenders
We only partner with reputable small loan lenders in Australia so you'll know that the loans you get are safe and trustworthy.
Zero hidden charges
Our lenders will let you know all charges upfront, in writing, so there are no surprises. The fees are transparent and fair, so you know exactly how much you will pay at the start of the loan.
Our Small Loans Are Quick
Our small loan application process is designed to be quick and easy, and you can get the money within 24 hours
Simple application
Our application process is simple and straightforward, it takes only a few minutes, and there is no lengthy paperwork and confusing legal jargon.
Fast decision
After submitting an application, we will forward it to our lenders. Decisions are usually made by our lenders within a few hours.
Instant money transfer
Our lenders will deliver your small loan right into your bank account immediately after you reach an agreement with them.
Eligibility Criteria For Our Small Loans
The eligibility criteria for our small loans are fairly minimal. Generally you will need to meet the requirements below to get a small loan quickly:
Be at least 18 years old.
Be an Australian citizen or permanent resident.
Be employed or receive a regular income or centrelink benefit.
Have a valid phone number or email address
You will also need to have a photo ID to prove your residency, and provide bank statements showing your income.
How Long Do You Have to Pay Back Small Loans?
The repayment period for a small loan can range between 3 to 24 months, depending on what type of small loans you apply for. Our lenders will work with you to find a repayment plan that fits your budget and schedule.
Can You Find Small Loans With Low-Interest Rates on WeLoans?
The interest rate offered to you can vary depending on lenders and the specific product you choose. But rest assured our rates here at WeLoans are highly competitive. Due to our extensive network of lenders, we can often help you access rates lower than you can on your own.
FAQs
What can I use a small loan for in Australia?
You can use a small loan for a variety of expenses. Our customers use small loans for things like unexpected medical and dental bills, education expenses, broken appliances, large car repairs, medical care for their pets, or just for covering a gap in their personal cash flow.
How long does the small loan application take at WeLoans?
Here at WeLoans our small loans application process is quick and easy. We understand your time is limited. If you have the required documents, applying will only take a few minutes.
What are the common types of small loans?
A small loan in Australia is any amount under $5,000. The common types are quick cash loans which are suitable for emergency situations, payday loans which come with short terms and relatively higher rates, and Centrelink loans which are specifically offered for Centrelink benefit recipients.
How fast can I get a small personal loan?
Once you have submitted the required documents, our approval for small personal loans is usually fast. Our trusted lenders usually advise of your successful small loan application within a few hours.
What documents do I need for a small loan?
In order to secure a small loan you will usually need to provide a photo ID, bank statements to provide proof of income, as well as a recent bill from your current address.
What should I do if I can't repay my small loans?
If you are struggling to repay your small loan, it is important to take action as soon as possible. You'll need to let your lender know straight away and negotiate a repayment plan that works for both to avoid penalties.
- Written by
- Jonathan JacksonExpert Financial Writer
Updated on: Mar 29, 2023
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