Buy now pay later solutions
The buy-now pay-later model has revolutionised Australian retail with easy, interest free purchase solutions, however the convenience comes with some risks. Missed payments can cost you a considerable amount in additional fees and charges, even on a small amount left owing.
With Spondooli ‘Fast Money’ you can clear out your buy-now pay-later debt and give yourself some extra breathing space if those extra fees are mounting up. Apply for one of our quick loan options, online and receive it in your bank account on the same day, in just three easy steps.
If your buy-now pay-later convenience has turned into an expensive problem and you need to solve it fast, apply online for one of our fast loan products. We pride ourselves as a responsible lender and we are there to help in a responsible and trusted way to get on top of your short-term financial challenges.
It takes just 3 easy steps!
Takes minutes to complete
Our team will process your application within minutes
Once approved, money is deposited into your bank account within hours
Personal finance that fits you
Express Payday Loans
- Get money in your bank account within hours
- No extra charges apply!
- We have a simple online application
- Applicable with all banks
Personal loans from trusted Australian lender
Buy-now pay-later products are a convenient and accessible way to purchase goods. Like any short term finance, if you don’t make your repayments the costs can quickly mount up. Some products charge you as much as $10 for the first missed payment and as much as $7 every day until you’ve caught up.
Taking out a payday loan or one of our other short-term options might be a convenient and practical way to deal with spiralling buy-now pay-later fees and costs.
Spondooli offers personal loans up to $2000 without checking your credit history so you don’t have to worry if you have a bad credit history.
We pride ourselves on being a trusted lender, if you are considering acquiring a personal loan to repay your existing loans, or already have several loans outstanding, then we won’t be able to help out in such circumstances. You can read more about our responsible lending practices here.
98% of our customers left satisfied
You’re in good company
“I used Spondooli to help me pay for travel expenses. The service was great – fast but still friendly. Fantastic and Painless Experience. Thank you.”
“Such a seamless and fast application process. I couldn't recommend Spondooli enough to anyone who is in need of some instant funds and wants the money quickly.”
“These guys are always ready to help when you need it most. They helped cover school fees for my brother and I when I was a little low on cash.”
“Their application process was quick and simple. In a short time I had the funds I needed to complete some much needed improvements around the house.”
Apply in minutes for your fast cash loan
You’ll get a fast conditional loan offer
We’ll verify your information
On final approval, the money is sent to you on the same day!
Once you’ve signed your short term loan contract, we’ll make a few checks to verify your details. If you are a new customer, we will need to see your most recent 90 days banking transactions. You will need to provide 2 forms of your ID, we aim to make the whole online loan process hassle free.
After all your details have been confirmed we will contact you to let you know your loan application has been approved. We’ll then transfer the money to your account within hours!
Learn more about how it works, visit our FAQ page or get started and Apply Online right away.
How long is my loan for?
The minimum and maximum loan term is 63 to 90 days, depending on your payment frequency. The actual term of your loan will depend on your current pay cycle and the date of your application. We are happy to adjust repayments to suit whatever preference you may have, so please feel free to get in touch and let us know.
We charge an Establishment of 20% of the sum borrowed, along with an additional 4% Fee for every month the advance is owing. These loans are fee based only and therefore costs are not calculated using an APR. There are no hidden fees and our loans can be paid out early without a penalty.
Examples of the costs of your loan
|$ 200.00||$ 64.00||$ 264.00|
|$ 500.00||$ 160.00||$ 660.00|
|$ 1,000.00||$ 320.00||$ 1,320.00|
Example: A loan of $1,000 for 63 days has fees and charges totalling $320, Maximum APR of 110.38% and a total repayment of $1,320 (Other credit fees and charges may apply). The Maximum APR is 110.38%. The Comparison Rate, based on a loan of $1,000 over 6 months, is 152.04%. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Does an APR apply to Spondooli?
For our small loans of $2,000 or less, an APR (Annual Percentage Rate) doesn’t apply.
These loans are fee-based only, and so they don’t have an APR.
If you get a loan where the principal amount is between $2,001 and $5,000, your repayments will include the principal amount you borrow from us, plus the establishment fee and interest charges based on the APR of 47.6158%. A comparison rate of 65.6597% p.a. applies to loans between $2,001 and $5,000.
*This comparison rate is based on an amount of $2,500 over 2 years and a $400 establishment fee.
WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
We understand the importance of knowing your personal information is protected. This site is 128-bit SSL secured, meaning all data going to and from this site via our application form is fully encrypted.
Apply for a Spondooli Loan
Need more help?
Feel free to ask us about it!