Quick Cash Loans In Melbourne

Break Free Home Loans are a leading Melbourne mortgage broker, with over 20 years of industry experience. We provide lending solutions and advice tailored to your needs. We work closely with clients as trusted advisors and are accessible to clients when needed.

Our brokers work hard at understanding our client’s unique circumstances and helping them overcome common home loan challenges. Whether you’re a first home buyer or an experienced investor, we’ll help you find the best home loan for your situation. Whether you’re self-employed and have trouble proving your income or you’re a contractor or casual worker, we offer solutions for all types of clients’ income sources.

Fast cash loans in Melbourne are a great way to get the money you need in a hurry. There are many different companies that offer these types of loans and it is important to shop around and compare rates before you decide on one. If you need a quick cash loan, we can help you compare your options before you apply for fast cash Melbourne finance. Contact us today to find the right lender and loan product for you and begin your application straight away.

What Are Quick Cash Loans?

A quick cash loan, also known as fast cash loan, is a short term loan to cover immediate expenses up to $2,000 with limited exceptions to $5,000 AUD. Some lenders may offer larger loan sizes such as when you require higher financing amounts to offset large expenditures. In the case of a business or a large purchase, some select lenders may allow your borrowing limit to extend as far as $25,000.

How It Works

Quick cash loans offer a quick and easy application process. They’re unsecured loans that are often used to consolidate debts, meet temporary cash shortfalls, support a larger purchase such as a car and more. The main advantage of applying for fast cash loans is that borrowed funds can be made available soon after the application has been approved. This way, you can quickly make your purchase with your vendor.

Quick loans are also a form of short-term finance that gives you the flexibility to begin repaying your loan repayments faster. Banks and accredited lenders of quick easy loans will often let you work off a fixed repayment schedule of small repayments that last no longer than a year and can be repaid early without penalty. This allows you to prevent accruing excessive interest and get out of debt sooner.

How Much Is Possible To Borrow

The amount you can borrow with quick cash loans in Melbourne will depend on the lender and your personal circumstances. Most lenders will offer loans of up to $2,000, but some may offer more. It is important to remember that the interest rate on these loans is usually very high, so you should only borrow what you need and be sure that you can afford the repayments.


The minimum amount for a quick loan is $300. Most of these arrangements are repaid within 16 days to six weeks. However, lenders of small quick cash loan options will allow borrowers a maximum loan period of three months.


Personal borrowers can get up to $2,000 of cash for loan. This amount is usually designed to cover most short term emergencies or support you until the next payday.


In some limited exceptions, cash loans Melbourne lenders may offer higher borrowing amounts. For larger loans, you will have to repay the loan amount within one year.

Requirements For Cash Loan

You can apply for cash loans online easily. These unsecured short term personal loans are a fast and easy way to cover expenses up to $2,000 AUD.


To evaluate your loan, lenders look at a variety of eligibility requirements. When considering whether to approve your application, affordability of repayments is at the top of their list. Other elements, such as past credit history and existing financial obligations, will play a role in whether or not you get financed. As a responsible lending practice, we focus on getting you only affordable, fair finance you can afford to repay. Generally, you need to:

  1. Be an Australian citizen or resident: Non-residents will not be approved.
  2. Have a good credit rating: Lenders will assess your credit report. They’ll look for defaults, bankruptcy, court judgments, and other indicators of financial distress on your credit report to determine whether you qualify.
  3. Having an income of over $500 per week: Borrowers should satisfy this minimum requirement without heavy reliance on cash loans or receiving Centrelink benefit payments as a significant source of income.
  4. Not be a multiple cash loan borrower: Lenders will not approve borrowers who apply for various cash loans in a short period. It indicates repayments will be unmanageable and you tend to spend most of your payday salary and be unable to meet your expenses unless you apply for finance.
  5. Not be linked to debit or bankruptcy agreements: You should not have a history of bankruptcy. Lenders will always investigate any findings of defaults, bankruptcy, magistrates court judgments, and the number of credit inquiries you have had on debt.


When you apply for a fast cash loan, you will generally need to provide the following documents:

  • Payslips: Lenders will calculate your income to verify the evidence of consistent earnings of $500 or more per week without relying on other cash loans or major Centrelink benefits.
  • Bank statements: Lenders may ask for your previous five years of bank statements to check whether you can afford to meet their loan payments.
  • Proof of identity, such as your driver’s licence or passport: They’ll need to confirm your identity and your residency status. You will be able to do this as an Australian passport holder or if you meet other residency eligibility conditions.

Lenders will look at your credit history to determine your financial health. In order to offer short-term finance, they need to see borrowers who are skilled in budgeting and managing credit responsibly. They will take bankruptcy and magistrate court judgments seriously and won’t provide credit to people with negative financial records. If you have an error on your credit report or have had or currently have a magistrate court dispute, it’s important to get these sorted or look for other alternatives.

What You Need To Know About This Loan Type

Quick cash loans work by providing you with a short-term loan that can be used to cover unexpected expenses. These loans are typically repaid within a few weeks or months. Quick cash loans can be obtained from a variety of sources, including banks, credit unions, and online lenders. Here are some things to consider when you’re applying for cash loans:
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Fees are capped for quick cash loans at 20% of the amount being borrowed. A loan of $600 for example can only charge a maximum of $120 in establishment fees. However, there may be extra fees if you fail to pay back your loan such as failed repayment fees for every dishonoured or rescheduled pay and a collection fee if your loan has to be sent to an external debt collection agency.

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Monthly interest charges are also capped at 4% per annum. This means the same loan of $600 paid back over six months can only incur a maximum monthly interest of $24. A six month loan paid back on time will cost the borrower no more than $264.
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Fast cash loans offer flexible repayments. Lenders can set your repayment schedule to match your salary dates using a debit system. You are given the option to set the amount you’d like to pay. Furthermore, fixed repayments and fees are capped based off of a percentage of your loan to make budgeting easier.

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You can choose weekly, fortnightly or monthly repayment terms to suit your personal cash flow and income cycle. Most short term cash loans need to be repaid over three months with a maximum loan term of one year. The length of the loan term changes according to the size of the loan you’re applying for.
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Loan Amoun

Once your eligibility is appraised, lenders can offer loan amounts ranging from $300 to $2,000 for a maximum loan term of one year.

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From flexible repayment options to regulated lending guidelines, you can be sure to find a loan with simple fee structures, a transparent loan process and convenient, fair terms. Specialist credit providers also process loan applications 24/7 so you can get your cash loans quickly. If you’ve got urgent expenses that need to be covered, quick cash loans can be an ideal option to support you until the next payday.

Types Of Quick Cash Loans

The following are some common types of quick cash loans borrowers usually apply for:

Cash Advance

A cash advance is a short-term loan that is typically used to cover unexpected expenses or to tide you over until your next payday.


An emergency loan is a type of short-term loan that is typically used to cover unexpected expenses or to tide you over in a financial emergency

Short Term

A short-term loan is a type of loan that is typically repaid within a few months. Short-term loans can be used for a variety of purposes, including working capital, inventory financing, and more.

Cash For Loan

A cash for loan is a type of loan where you use your home equity as collateral. Cash for loans can be used for a variety of purposes, including debt consolidation, home renovations, and more.


Other options include payday loans and personal loans. A payday loan is a short-term loan that is typically repaid on your next payday. Payday loans can be useful if you need some extra cash to tide you over until your next paycheck, but they can be expensive. A personal loan is a longer-term loan that can be used for a variety of purposes, such as consolidating debt or funding a large purchase. Personal loans typically have lower interest rates than credit cards, but they may require collateral.

How To Apply For Quick Loans In Melbourne?

What is the process for applying for a fast cash loan?

Online Application

The application process for fast cash loans is generally quite simple and straightforward. Most lenders will have an online application form that you can fill out, and you should receive a decision on your loan within a few minutes.
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in store


You can also apply for a loan with your lender physically at one of their storefronts. When you go to a lender’s branch, you can ask further inquiries and get immediate answers about your loan. A qualified broker from Break Free Home Loans in Melbourne
can do this as well as negotiate and submit a loan application on your behalf.

Need A Consultation?

It’s important to do your research and compare your options before you apply for a fast cash loan. When you need quick cash to tide you over to the next payday, apply for a cash loan with brokers from Break Free Home Loans. We can connect you with the right lender, compare loan products and help you find the best financing option for your needs.

Frequently Asked Questions

The following are some of our most frequently asked questions:

What Is A Quick Cash Loan?

Quick cash loans are a type of short-term loan that can help you access funds quickly. These loans are typically used to cover unexpected expenses or bridge the gap between paydays. Quick cash loans can be obtained from a variety of sources, including banks, credit unions, and online lenders. The repayment terms for fast cash loans vary depending on the lender, but you will usually have to repay the loan within a few weeks or months.

They are good short term borrowing options because borrowers are protected by the national consumers protection act. With faster approval and generally easy terms to qualify for, establishment fees and monthly fees are also capped at 20% and 4% respectively. This way, borrowers can get the cash they need quickly without worrying about the typically high costs and interest rates associated with borrowing.

How Can I Get Fast Cash Loans In Melbourne?

Quick cash loans offer fast access to cash. Lenders operate under strict guidelines to ensure borrowers are protected. Nonetheless, cash loan applicants must meet a set of eligibility requirements to ensure they can manage credit responsibility and prove their ability to repay the loan. This includes meeting conditions such as:

  • Being an Australian citizen or permanent resident
  • Being over 18 years of age
  • Having a good credit profile — you must not have any debt or bankruptcy agreements in your credit history or any past or current magistrate disputes.
  • Having a regular source of income — specifically, you must earn a consistent income of more than $500 per week.

How Long Do Cash Loans Take To Get Approved?

What is the process for applying for a fast cash loan?

You can apply for a loan online or at a physical branch by completing an application form. The application process is usually quick and easy, and you will often get a decision on your loan within minutes or within the same day.

Contact our team

We love to hear from each and every one of you. Please feel free to reach out to us today!