Online Loans

How can I borrow money immediately?

If you have an unexpected expense that you need to pay off as soon as possible, you might want to consider taking a short-term loan. These loans allow you to borrow between $50 to $2,000 and can be repaid in as little as 16 days. Depending on the lender, you can get your money in 6 hours or even less.

What is the best way to get a loan?

The best way to get a loan is to apply for a loan online. Friendly Finance connects you with multiple lenders through one application form, saving you time. There are many benefits of applying for a loan online. You can compare the different lenders and choose the best one for your needs. You can also do it in a few minutes instead of going from one place to another or filling out forms and waiting for days or weeks for an approval letter from each lender.

Will my credit score get affected when I apply for a loan through Friendly Finance?

No. Friendly Finance does not do any credit checks in the pre-approval process. This means that your credit score will not be affected in any way when you apply through our platform. However, the lender you will be matched with may do a credit check as part of their assessment.

Can I still get a loan if I have bad credit?

Yes, it's possible to get a loan in Australia even if you have bad credit. Many online lenders focus less on traditional credit scores and more on your current ability to repay the loan. They consider factors such as your current income, expenses, and other financial commitments. This means that even if your credit history isn't perfect, you might still qualify for certain types of loans, like bad credit personal loans or payday loans.

Are my details secure with Friendly Finance?

Here at Friendly Finance, we collect, hold, use, and disclose information that is reasonably required to offer and provide our financial services. We aim to collect information directly from you in the most practical way possible, to ensure that your details and accounts are secured, primarily through secure online forms. We also retrieve bank statements through a secure, read-only platform to keep your data safe and secure.

How quickly can my loan be approved?

The time it takes to process a loan application depends on the type of loan you're applying for. On average, unsecured personal loans can be approved within the same day if all necessary requirements are met. For secured personal loans, it may take longer as lenders need to appraise the personal asset being used as security. Applying for payday loans is faster, and in most cases, the approval for payday loans can be done the same day.