Small loans from a trusted Australian lender

Spondooli ‘Fast Money’ small loans are the quickest and most efficient way to get by in the short term. We know that Australians sometimes need a little financial help to deal with an unforeseen cash crisis, so we offer loans from $200 to $5000. Apply in minutes and get the amount deposited in your account within hours. As simple as that!

Our small loans, short term loans or cash loans, whatever you may call them, are personal loans to provide a helping hand for the short term. These loans are for occasions where, despite your best planning, an additional expense crops up out of the blue, which can’t wait.

With a team of loan specialists and a secure online system, we provide fast personal loans to Australians in a matter of hours.

Small loans in just 3 easy steps!

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Apply online

Takes minutes to complete

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Fast approval

Our team will process your application within minutes

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Money arrives

Once approved, money is deposited into your bank account within hours

Personal finance that fits you

Fast Small Loans

  • Get money in your bank account within hours
  • No extra charges apply!
  • We have a simple online application
  • Applicable with all banks

Small loans service with a personal touch

Apply for a Spondooli ‘Fast Money’ small loan online from your mobile or digital devices anywhere in Australia. Within minutes you will get instant conditional approval, and within the hour, you’ll receive an outcome from one of our loan specialists! It’s that simple.

We focus on our customers, and we take pride in our team’s speed, efficiency and caring attitude when reviewing a loan application and discussing it personally with you. We see our customers as real people with urgent needs, and we go the extra mile to get it sorted fast. Read our How it Works and FAQS to understand more about how our short-term loans help Australians.

Spondooli ‘Fast Money’ is a responsible and trusted lender in Australia. Even if you have a bad credit file, we can offer small loans of up to $2000. However, we can’t help if you’re applying for a loan to pay off another loan or you have any outstanding loans. We don’t want to put you under more financial pressure. Read more about our responsible lending practices here.

98% of our customers left satisfied

You’re in good company

Apply in minutes for your small loan online

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You’ll receive a fast conditional loan offer

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We will help verify your information

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On final approval, the money is instantly sent to you on the same day!

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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 along with 2 forms of your ID. We aim to make the whole online loan process hassle-free.

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After all your details have been confirmed, we will contact you to get you aware of the approval of your loan application. We’ll then transfer the money to your account within hours!

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Learn more about how it works, visit our FAQ page or get started and Apply Online right away.

$2.03 million Loans have been approved since 2011

125,000+Happy customers today

How long is my small loan for?

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The minimum and maximum loan term is 63 to 90 days, depending on your payment frequency. Your loan’s exact period will be determined by your current pay cycle and the date of your application. We are glad to change repayments to fit your preferences, so please get in touch with us 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 small loan

Borrow Costs Repay
$    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, 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 two 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.

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We are well aware of the importance of knowing your personal information and shall keep it protected. This site is 128-bit SSL secured, meaning all data going to and from this site via our application form is fully encrypted.

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Frequently asked questions

As the term suggests, small loans are quick cash loans that you can apply online if you need some urgent cash anywhere between $200 to$5000. These loans are unsecured, and as such, the borrower doesn’t need to provide any collateral. These are similar to online payday loans and are an emergency solution if you need emergency funds and can pay them back within 90 days.

The review and approval processes are fast, and the outcome is provided within hours ; and if your application is approved, the funds are transferred into your bank account within hours.

Spondooli ‘Fast Money’ offers some of Australia’s best online near-instant cash loans. . As one of the leading small cash loans lender, we provide personal loans, payday loans, short term loans, quick cash loans, AfterPay cash loans, life style loans and personal loans  up to $5000 in Australia.

Australian citizens or permanent residents who are above 18 years old, have a verifiable permanent income source and are capable of providing with a copy of a recent 90-day bank statement reflecting their income source can apply for our small loans online.

However, any applicant who: (a) is in bankruptcy or part 9 agreement; (b) is only on Centrelink benefits; (c) has two or more payday loans; or (d) has any missed payments or an overdrawn account is not eligible for an online cash loan.

As part of the small loan, you can borrow anywhere between $200–$5000 based on your financial health and your ability to make repayments. If you are applying for a small loan for the first time, you can borrow a maximum of $500.

To apply for a small loan online in Australia, go to our application page and provide the requested personal and financial details. The process takes under five minutes, and the outcome of your application will be provided to you within hours.

To apply for a small loan, you will need to provide 2x forms of I.D; your current bank statement covering the most recent 90 days up to and including the day of application, and your most recent payslip issued by your employer, showing your name, address and all transactions.

Yes, we offer small loans online even if you have a bad credit rating, provided that you have a permanent source of verifiable income, have your bank account in good standing and can make the repayments.

Applying for small loans and receiving the funds is very fast on Spondooli ‘Fast Money’. It takes under five minutes for you to apply and provide us with the required documents. Upon reviewing your application, we provide you with the outcome instantly. And if your application is approved – the process of transferring funds to your bank account starts immediately.

However, transfer of funds into your account may be delayed if; (a) you have applied on a public holiday or weekend – in such cases, your application is processed the following working day; (b) if your bank delays processing the fund transfer.

We review applications up until 3PM on weekdays. Applications received after that or on holidays are processed the following business day.

No. Our small loans are absolutely collateral-free. If you meet our eligibility criteria and if your bank account is in good standing, we provide small loans even if you have a bad credit rating.

No, a person solely dependent on benefits is not eligible for a small loan. However, if you have other sources of permanent income along with benefits, and that is reflected in their bank statement, then the individual might qualify for a small loan. Contact us if you need to discuss your eligibility further.

Need more help?

Feel free to ask us about it!

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Do you really need a loan today?*

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow:

For information about other options for managing bills and debts, talk to 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor

Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan

If you are on government benefits, ask if you can receive an advance from Centrelink – website:

The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.

* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.