Short Term Loans

Short term loans are for those moments when life moves faster than your budget and it can't wait until payday. The tyre pops, the fridge quits, or a bill lands at the worst time. If you are weighing short term cash loans or short term personal loans, you want something straightforward, clear, and built to get you back on track fast.

MeLoan keeps the loan application process simple. You only have to deal with 1 direct lender (us), not a chain of brokers. All you need to do is apply online, upload the needed documents, then review your offer with the total cost and all repayment dates shown upfront. No confusion, no hidden extras, and real support when you need a quick answer.

What exactly is a short-term loan?

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.

How much does borrowing actually cost?

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 6 months. Use a loan calculator before you apply. It will show your repayments and the total you will pay.

Don't borrow just because you can. Borrow only the minimum you need and what you can repay on time without putting pressure on your finances.

Why choose MeLoan?

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.

Different types of short-term loans

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.

Who can actually get approved?

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.

The application process

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 easy to follow:
1. Fill out our online form with your details.
2. Give us secure access to verify your income.
3. Wait for our quick assessment.
4. Review the loan terms and check if you're approved.
5. Get money transferred to your bank account.

If you're receiving Centrelink payments, you might need to provide recent statements to verify your income.

How to Responsibly Use Short Term Loans

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 like paying a parking fine before it doubles or getting your car fixed so you don't lose income from missing work. You can even use it to cover a medical bill that needs to be paid immediately.

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 paying non-essentials.

Short-term loans versus credit cards

Questions to Ask Yourself Before You Borrow

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?

It's also important to remember to 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 alternative financial help don't need to be repaid.

Your responsibilities as a borrower

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.

Frequently Asked Questions

How fast can I actually get the money?

For applications approved during business hours, money can hit your account within 1 hour or even instantly. It depends on your bank's processing times. Applications submitted after hours or on weekends typically process the next business day.

What if my credit rating is terrible?

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.

Can I pay the loan back early?

Usually yes. Check your loan agreement for early repayment terms. Some loans charge an early repayment fee. Others do not.

What happens if I cannot make a repayment?

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.

Do you actually check my credit history?

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.

Can I have more than 1 loan at a time?

Generally no. Multiple loans make budgeting harder and increase the risk of missing payments.

Is my information actually secure?

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.

What if I need to change my bank account details?

Call us as soon as possible if your banking details change. We need accurate information to process repayments and avoid failed payment fees.

Can I apply if I only work casually?

Yes, casual workers can apply if they've had regular income for at least three months. We assess your average earnings over time.

What exactly counts as "regular income"?

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.

Apply for a Short Term Loan Today

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.