Welcome to Swift Loans
At Swift Loans, we recognise that sometimes you get surprised with expenses that you just had not planned for. These can be anything from household bills, medical bills, veterinary bills or just some extra expenses that need to be paid straight away.
That’s where we can help!
All you need to do is answer a few simple questions on our Apply Now pages to see if we can help arrange a $300 to $4500 loan for you.
We aim to transfer the loan funds from our bank account within 60 minutes of receipt of signed contract, if during AEST standard bank hours but please remember that the processing of, and subsequent deposit into your bank account, will always be subject to your financial institution, which is outside of our control.
What’s more, we take our role as a responsible lender seriously so that we only provide a loan to you that is affordable and easy for you to pay back.
Our application process is completely online, 247 and our highly secure website is designed to be swift, fast and easy to use. There’s no paperwork, no unnecessary questions, and most of all no queues or delays.
The great news is, that once you’ve successfully applied for a loan with us, we’ll make you a VIP Member, so that the next time you need a fast easy loan, most of the application work has already been done for you!
Here are some examples...
Example of a Small Amount Loan
You’re after a loan of $1,000 to purchase a new laptop that is currently on sale. You apply online and you select your amount and repayment term. You choose to pay it back in 16 affordable repayments of $85.00 per week.
Small Loan example – Loan amount $1,000
16 |
x |
$85.00 |
= |
$1,360.00 |
Repayments |
Per Fortnight |
Total Repayments |
In the above example, you will pay:
- Adjusted Credit Amount: $1,000.00 (what you receive)
- Establishment Fee: $200.00 (set by NCCP at 20% of the loan amount)
- Monthly Permitted Fee: $40.00 per month charged on the anniversary date of the loan
- Amount of Credit of the Loan: $1,240.00
- Nominal Percentage Rate (Interest) per annum: 0% as defined by NCCP
- Comparison Rate: 201.9447% as defined by NCCP
- Total Amount of Interest Payable: NIL
- Total Number of Repayments: 16
- Consisting of 16 payments of $85.00
- Total amount of repayments: $1,360.00
Example of a Medium Amount Loan
You need $2,500.00 for a well-deserved overseas holiday for you and your family. You apply online and you select your amount and your repayment term – choosing to pay it back in 26 easy repayments of $136.98 per fortnight.
Medium Loan example – Loan amount $2,500
26 |
x |
$136.98 |
= |
$3,561.28 |
Repayments |
Per Fortnight |
Total Repayments |
In the above example you will pay:
- Credit Amount: $2,500.00 (what you receive)
- Establishment Fee: $400.00 (Set by NCCP)
- Monthly Fee: $7.00
- Direct Debit Fee: $0.99 per debit transaction
- Amount of Credit of the Loan: $2,900.00
- Nominal Percentage Rate (Interest) per annum: 35% as defined by NCCP
- Total Amount of Interest Payable: $551.56
- Total Number of Repayments: 25 payments of $136.98 and 1 final payment of $136.78
- Total amount of repayments: $3,561.28
- Comparison Rate*: 58.5251% as defined by NCCP