Payday Loans: How fast payday loans work at DollarsDirect

Learn how an investment loan works with DollarsDirect

How It Works

Our online application makes it easy to get the money you need quickly. No worries, there’s only one application for both the broker and the lender. Simply apply in minutes and get up to $1500^† deposited directly into your bank account the next day^‡ if you’re approved by 6pm AEST Monday – Friday.

Apply

Apply online in just minutes
Approved

Receive approval without filling out any paperwork
Funded

Money deposited into your bank account

What are the loan application requirements?

Have an active bank account
Be currently employed for over a month
Be a current resident of Australia. Residents of the Australian Capital Territory are excluded.
Must be at least 18 years of age

What is a Cash Advance?

A cash advance is a quick and easy solution for emergency money needs like overdue bills, car repairs or credit card payments. Learn More.

Frequently Asked Questions

Our five most popular questions.

How much cash can I borrow?: The final decision is up to the lender, but as a general rule, customers may receive up to $1500.^† Your loan amount is determined by the information you provide in your application. After successful repayment of your loan, lenders may agree to increase the amounts you may borrow up to $1500.^†
What time will the funds be in my bank account?: If you’re approved by 6pm AEST Monday through Friday, you will typically receive your funds on the following day. If you apply on Saturday or Sunday, you will typically receive your funds on Tuesday. The exact time of funding depends on when your bank will post direct credits to your bank account. If you expect to be funded on a certain day, but do not see the loan amount in your bank account, you can contact your bank. They will be able to tell you when your funds will be available.
What are my repayment options?: On behalf of the lenders, we will send an email 1 – 2 days prior to your due date reminding you that your loan is coming due. Your loan must be paid in full on the due date. Your nominated bank account will be automatically debited on the due date unless you set up the following payment option:

Refinance You only pay the minimum amount (equal to your original broker fee) and the accrued interest. The remaining principal of the original loan will be paid off by a new loan. This new loan will carry with it additional interest and broker fees. Your request to refinance must be received by 3pm AEST two business days before your due date. You can request to refinance via our website.
Do I need to fax or e-mail any documents?: New Commonwealth Responsible Lending laws require lenders to verify your income. In order for your income to be verified, you will need to submit a pay stub or bank statement to us. When you apply, you'll be able to upload a digital file of either of these documents directly on our website or you can fax or email us. Otherwise, you can have us contact your Human Resources department to verify your income.
If I am approved for a loan on Saturday or Sunday, when will I receive the funds?: If you apply for a loan on Saturday or Sunday, it will typically be approved on Monday for a Tuesday deposit.