Best 8 Loan Apps In Australia (March 2024)

Top 8 Best Online Loan Apps In Australia for 2022
Top 8 Best Online Loan Apps In Australia for 2022

Anyone can suddenly be hit with a sudden financial crisis. With the evolution and digitization of the financial system, gathering online instant loan apps in Australia to meet this need has become easy and seamless.

Before this financial digitalization and its consequent advent of digital banks, getting emergency instant loan apps in Australia to manage financial crisis could have been a challenge. However today, the scenario is completely different. Technology has taken our lives to a whole new level. Getting instant online loan in Australia is possible within a few minutes from the moment you apply for it.

Best Instant Loan Apps In Australia 2024

The best instant loan apps in Australia are Moneyspot Credit24 SpotMeNow Fundo, CashnGo, Athena Cashify and

1. Moneyspot

Moneyspot is one of the best instant online loan apps in Australia. The lending platform provides hassle-free personal loans that are 100% online and processed on a 24-7 basis. Designed for short-term borrowing to cover financial shortfalls, Moneyspot loans can be applied for up to a 20 week period and allow customers to borrow between $200 to $5000.

MoneySpot offers personal or instalment loans from $200 to $3500 with a quick application and approvals process which are entirely online. The loan application typically processes, approves, and sends funds within an hour (or the next day if applied for outside business hours).

2. Credit24

Credit24 is yet another credible instant online loan app in Australia. The lending platform offers flexible loan packages where customers can choose their loan amounts and repayment periods.

All applications are online and you will receive a notification about the status of your loan instantly. You could receive the funds within 24 hours of approval. Credit24 Australia is owned by IPF Digital group, which operates other Credit24 companies worldwide and has over 200,000 customers. IPF Digital Group has been listed on the AIM London Stock Exchange since 2007.

Credit24 offer a fast and easy online application for up to $2,000. You can apply 24/7 with a good credit rating and employment to be approved with loan term: 4-12 months and same day turnaround.

3. SpotMeNow

SpotMeNow is an online loan provider whose speciality is providing fast, flexible, and near-instant loans and our 3rd pick on our list of top 8 best instant loan apps in Australia. How do they do this? SpotMeNow leverages advanced real-time risk assessment technology that enables their team to make instant loan approval decisions.

Online and available 24-7, loan applications can get a quick decision and the money can be transferred within the same business day. SpotMeNow’s loans are highly flexible, allowing anyone who meets the eligibility criteria to borrow from $1000 to $5000 with flexible repayment terms.

4. Fundo

Fundo is an Australian-owned short term loan provider that lets you borrow between $300 and $2000. Unlike some traditional lenders, Fundo doesn’t assume that someone with a less-than-ideal credit rating is necessarily a high-risk borrower. They look at your personal circumstances to assess your ability to repay a loan before they make a decision. Approved lendees also often receive their funds on the same day.

You can manage your loan and your Fundo account through your personalised dashboard, which lets you check your Fundo credit score, update your account, make payments or reschedule, and refer and earn points – all from your PC or smartphone.

5. CashnGo

CashnGo is a short term finance lender in Australia delivering quick loans to those who need some extra cash in a hurry. They provide access to loans of $300-$2000 with flexible repayment options, allowing potential customers to set up their repayment calendar before confirming their application.

Almost anybody with a steady income can apply for a loan from CashnGo. You can submit your application online 24 hours, 7 days a week or you can visit one of their conveniently located Self Service Kiosks. Once approved, the lending platform strives to have the money available within 30 minutes.

6. Athena

Athena is another very reputable instant loan app in Australia described as a no fee online Loan Provider and lender that has a customer first attitude and some of the best rates available.

The Athena Celebrate Variable Home Loan provides the same outstanding terms to new and existing customers, with zero fees included. Furthermore, the automatic rate reduction function means that the more you pay down your loan, the lower your interest rate gets. It’s accessible to refinancers and new borrowers buying in capital or major regional cities with a deposit of at least 40% or equity.

7. Cashify

Cashify, a short term personal loan is our 7th pick on our list of top 8 best instant online loan apps in Australia to meet emergency quick cash need. With the platform, you can borrow borrow up to $5,000 instantly.

Cashify claims to meet urgent cash need if you have an unexpected expense. Whatever you need it for, Cashify says it is available to help with $2,000–$5,000 Personal Loan transferred instantly into your account!


Launched in 2011, was Australia’s first online lender. was one of Australia’s first online lenders allowing people to get a home loan online. We selected it as our 8th pick on our list of top 8 best instant loan apps in Australia.

The lending platform has since grown to become one of Australia’s largest lenders with happy home and car loan customers all over Australia, and $6 billion in loans under management. Today, remains one of the largest and most trusted online lenders in the country.

There are no recurring charges, and it’s available to borrowers who put down a deposit of 20% on loans up to $1 million.

What’s the application process for loan applications in Australia?

To apply for a loan with most platforms in Australia, the process is pretty easy. Simply fill out the application form showed on the app. Application forms are 100% online.  The application form will require personal information, including proof of ID, employment, income and bank statements to verify your financial situation.

Once you complete the application form, you will receive an email to confirm reeipt of your application and it is being reviewed by the loan assessors. You will receive an email once a decision has been made.

Once your loan has been approved and you have signed a digital copy of the contract, the transfer of the full amount of your loan would be made into your nominated bank account.

2. Am I eligible for Australia loan app?

To apply for a loan, you must:

Be 18 years or over
Be an Australian citizen or permanent resident

What can I use the money for?

Almost everything! You can use your loan for any occasion. The most common reasons for a loan are debt consolidation, home improvements, booking a holiday, planning a wedding, or for medical or family emergencies. Whatever you need it for, Cashify can help!

How quickly can I receive the money?

Once your loan is approved, the money will be transferred to your bank account instantly. Depending on your bank’s clearance times, you could receive the money in your account within minutes.

What information do you require?

Information required will depend on the different loan platforms but some personal information will be needed from you when you are applying for your loan. This will help confirm your identity, understand your financial position and ensure you can afford to repay your loan comfortably.

6. What Identification is required for loan application in Australia?

You may be required to provide one of the below forms of identification:

Australian Driver Licence Number
Australian Passport Number
Australian Medicare Number
Residential Details
Provide details of your current address

In Summary

Find below ratings, best for pick, loan amount and tenure for the finest and best online loan applications in Australia for quick personal, home and car lending.


Loan App

“Best For” Pick

Loan Amount

Loan Tenure

1 Moneyspot Loan App Best for Hassle-free personal loans Up To $5000 Up to 5 months
2 Credit24 Loan App Best for flexible loan packages Up To $2000 Up to 12 months
  1. SpotMeNow Loan App
Best for fast loan approval decisions Up To $5000 Up to 24 months
4 Fundo Loan App Best for same day disbursement Up To $2000 Up to 6 months
5 CashnGo Loan App Best for quick short term loan Up To $2000 Up to 4 months
6 Athena Loan App Best for no fee online Home Loan Up To $150,000 Up to 300 months
7 Cashify Loan App Best for emergency personal loan Up To $5000 Up to 12 months
8 Loan App Best for Online home and car loan Up To $400,000 Up to 360 months

Getting an instant loan app in Australia to meet your need can be simple! Below are some of the more commonly asked questions answered.