Small Loans Made Simple with MeLoan

Some weeks, an essential bill lands between pay days. A small loan can steady things without reshuffling the rest of your budget. MeLoan offers $500 to $5,000 over 2 to 6 months with weekly, fortnightly or monthly repayments. Applications are completed online and, once approved and accepted during business hours, payouts are usually sent the same day.

What Is a Small Loan and When It Helps

A small loan is a short-term personal loan for a modest amount. It suits one-off essentials such as a vet visit, an urgent repair, or a final-notice bill. The goal is to borrow the smallest amount that fixes the problem and to set a timetable that fits comfortably within your pay cycle. It is not a long-term solution and it should not be used to juggle ongoing expenses.

Why Australians Keep Choosing MeLoan for Small Loans

Fast Outcomes During Business Hours

With complete documents, assessments run promptly so you can see a clear decision and move ahead without days of waiting.

Licensed and Australia Wide

Applications are assessed under the National Consumer Credit Protection Act 2009 and the National Credit Code with ASIC oversight. You can apply from any state or territory and complete everything securely on your phone or desktop.

Clear Pricing Before You Accept

Your offer shows the amount, all fees and every repayment date in one place. There are no hidden add-ons, and there is no fee for early payout. Where interest applies, it is recalculated to your payout date.

Helpful Local Support from Start to Finish

Questions do not wait. Our team can explain your offer, help align dates to your pay cycle, and discuss short-term support if circumstances change.

Eligibility and Documents

• Eligibility - 18 or over, Australian resident, regular income, and a transaction account in your name. As part of responsible lending, a credit enquiry may be recorded with Equifax, Experian or illion.
• Documents - Government photo ID, recent income proof and the last 90 days of bank statements for your main account.

How to Apply for a Small Loan

1. Start your application online and consent to checks.
2. Upload identification, recent income proof and 90 days of bank statements.
3. CashPal assesses affordability and, if approved, presents an offer that shows the total cost and every repayment date.
4. Accept when ready. We send the payout and set up direct debits to your chosen schedule.

Costs, Terms and Early Payout

Loan amounts range from $500 to $5,000 with terms of 2 to 6 months. Repayments can be weekly, fortnightly or monthly. All costs are shown before you accept. There is no fee for early payout, and where interest applies it is recalculated to your payout date, which can lower the total cost.

Small Loan vs Credit Card Options

Other avenues to check for lower cost: ask your employer about a wage advance, request hardship support from utilities or telcos, or see if you qualify for a No Interest Loan Scheme (NILS) through community providers.

Approval Timing: What Helps and What Can Slow It Down

Clear photos of ID, full bank statement pages and matching names move fastest. Lodging and accepting during business hours helps. Delays can arise from unreadable uploads, name mismatches, first-time payee holds and public holidays.

Your Rights and Where to Get Help

Lending is regulated under the National Consumer Credit Protection Act 2009 and the National Credit Code with ASIC oversight. If we cannot resolve a complaint together, contact the Australian Financial Complaints Authority on 1800 931 678. For free financial counselling, call the National Debt Helpline on 1800 007 007. For budgeting and loan guidance, see Moneysmart (ASIC). For privacy and data rights, visit the Office of the Australian Information Commissioner (oaic.gov.au).

FAQs About Small Loans

Can I lower the amount after I see the offer?

Yes. You can request a smaller amount before acceptance so the repayment fits more comfortably.

Can I change repayment frequency later?

Often, yes. Contact us ahead of the due date and we can switch between weekly, fortnightly or monthly to match your pay cycle.

Do you accept casual or gig income?

We do, provided there is a consistent pattern of banked income over the last 90 days, even if shifts vary.

Can I make extra repayments?

Yes. Extra payments and early payout are welcome and there is no fee. Where interest or monthly fees apply, they are recalculated to your payout date.

Do you fund to joint bank accounts?

We can, as long as you are a named account holder and the application name matches the bank record.

Can I top up partway through the term?

Top-ups are not automatic. We reassess to confirm affordability. In many cases it is safer to finish the current loan first.

What if my pay day changes?

Tell us early. We can review dates and amounts to keep the schedule manageable.

Will multiple applications help me get approved?

No. Multiple applications can slow things down and add credit enquiries. Apply once with complete documents.

Will you record a credit enquiry?

A credit enquiry may be recorded with Equifax, Experian or illion as part of responsible lending. Recent account conduct carries significant weight.

How quickly are payouts sent after approval?

With complete documents and a business-hours acceptance, payouts are usually sent the same day so you can address the cost without delay.