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Click here to be directed to CashPal ️Let's be honest, money troubles don't wait for payday. Your car breaks down, the washing machine gives up the ghost, or you get hit with an unexpected bill that makes your stomach drop. When you’re in dire need of money, a short term loan might be able to help you.
MeLoan provides short term loans ranging from $300 to $5,000 for those who need quick access to cash. We're a direct lender, which means you deal with us directly rather than being shuffled between different companies.
Think of it as borrowing money with the promise to pay it back quickly - usually within 12 months or less. It's different from a regular personal loan because you're not stuck with years of repayments hanging over your head.
People use short-term loans for all sorts of urgent situations:
Your car needs repairs and you can't get to work without it. The dentist says you need treatment now, not later. Your power bill arrived and it's twice what you expected. You need to travel urgently for a family emergency. A parking fine turned into a court notice because you forgot about it.
The key word here is "urgent". These loans aren't for holidays or new furniture - they're for when life throws you a curveball and your regular budget can't handle it.
Here's where it gets real. Short-term loans typically cost more than regular personal loans because lenders take on more risk when they approve money quickly. You'll pay establishment fees, monthly account fees, and interest that adds up over time.
The cost of a loan depends on the amount and the term. A $500 loan over 3 months will cost something different to a $5,000 loan over 12 months. Use a loan calculator before you apply. It will show your repayments and the total you will pay.
Do not borrow just because you can. Borrow the minimum you need and only what you can repay on time without putting pressure on your budget.
We are a direct lender, not a broker. When you apply with MeLoan you deal with us from start to finish. That means faster decisions and no runaround.
The application takes minutes, not hours. You can apply online anytime. If you are approved during business hours, you may see the money in your account the same day.
We are upfront about costs. No hidden fees. Your loan agreement shows exactly what you will pay.
Emergency loans are for when something urgent happens and you need cash immediately. Think medical bills or car repairs that can't wait.
Same-day loans are processed quickly for people who need money deposited fast. Not everyone qualifies, but eligible applicants can sometimes get funds within hours.
Bill payment loans help when you're facing disconnection notices or late fees that will cost more than borrowing money.
Gap loans bridge the time between now and your next payday, government payment, or expected money coming in.
You need to be at least 18, live in Australia permanently, and have regular income for at least three months. This includes wages, Centrelink payments, or other steady money coming in.
Having bad credit doesn't automatically disqualify you, but we still need to check you can afford the repayments. We look at your whole financial picture, not just your credit score.
You'll need to prove who you are and show us your income through online banking access. We use read-only technology, so we can see your transactions but can't access your accounts.
The steps are straightforward: Fill out our online form with your details. Give us secure access to verify your income. Wait for our assessment (usually quick). Review the loan terms if approved. Get money transferred to your bank account.
If you receive Centrelink payments, you might need to provide recent statements to verify your income.
Short-term loans work best for genuine emergencies where the cost of not having the money exceeds the cost of borrowing it.
They're good for preventing bigger financial problems. Paying a parking fine before it doubles. Getting your car fixed so you don't lose income from missing work. Covering a medical bill that won't wait.
They're not good for wants versus needs. Don't borrow money for entertainment, shopping, or things you can live without. The interest costs aren't worth it for non-essentials.
| Consideration | Credit cards | Short term loans |
| Access to funds | Ongoing access you can use repeatedly up to your limit | One lump sum paid back in fixed instalments |
| Approval speed | Often slower, especially if your credit is not perfect | Often faster, even if your credit is not perfect |
| Repayment timeline | Minimum payments can stretch for years | You know the exact end date |
| Cost if you already have a card | May be cheaper to use your existing card, depending on your interest rate | May cost more than using an existing card, depending on your interest rate |
Ask yourself 3 questions: Can I get the money another way? Can I set up a payment plan instead? Will borrowing improve my situation or make it worse?
Contact the company you owe. Many utilities, phone providers, and other businesses offer payment plans if you are struggling. They often prefer to be paid over time rather than see you take on more debt.
Check if you qualify for help from government programs or charities. These do not need to be repaid.
Borrowing comes with responsibilities. You will be able to get cash now and commit to repayments. Pay on time, keep your contact details current, and tell us straight away if you cannot meet a repayment. Late payments add fees and can bruise your credit rating, which can make later borrowing harder. If you are under pressure, contact us before a payment date, not after.
For applications approved during business hours, money can hit your account within a few hours. It depends on your bank's processing times. Applications submitted after hours or on weekends typically process the next business day.
We look at more than just credit scores. Your current income, expenses, and ability to repay matter more than past mistakes. However, we still conduct responsible lending checks as required by law.
Usually yes. Check your loan agreement for early repayment terms. Some loans charge an early repayment fee. Others do not.
Contact us immediately. Late fees may apply and your credit rating can be affected. We would rather work out a solution with you. Get in touch before the due date, not after.
Yes. We are required by law to check your credit as part of responsible lending. We look at your overall financial position, not just your credit score.
Generally no. Multiple loans make budgeting harder and increase the risk of missing payments.
We use bank level security, encryption, and strict access controls to protect your personal and financial information. We do not share your data with other companies for marketing.
Call us as soon as possible if your banking details change. We need accurate information to process repayments and avoid failed payment fees.
Yes, casual workers can apply if they've had regular income for at least three months. We assess your average earnings over time.
Wages, salary, Centrelink payments, regular freelance work, or other money that comes in consistently. We need to see at least three months of this income in your bank statements.
If you have an urgent expense and need quick access to cash, a short term loan may help bridge the gap. Borrowing costs money, so only take what you need and make sure you can repay on time. You can apply online 24/7, though processing occurs during business hours, and the form is straightforward so you do not waste time on complicated paperwork. Apply through our secure system only after you have honestly assessed whether a loan will improve your situation rather than make it worse.
With years of experience under our belt, we can provide some tips & tricks to help you save
