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Maximum charges: 20% Establishment fee and 4% monthly fee (Comparison rate 199.43%) based on $1000 repaid over 6 months. Illustrative example: Loan amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly instalments of $57.60. Maximum charges: 20% Establishment Fee & 4% Monthly Fee. In comparison rate terms, the maximum comparison rate may be as high as 199.43%.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. The information on this web page is general information. The information does not take into account your objectives, financial situation or needs. Credit criteria, fees, charges, terms and conditions apply. Products and rates displayed are subject to the individual borrower's credit assessment. Examples only provide an estimate and are used for illustrative purposes only, not an offer for credit. The amount you can borrow, the interest rate and fees you receive along the product you qualify for may vary.
Viva Payday Loans > Safe Financial

Safe Financial

About Safe Financial

Safe Financial is a lender, mortgage loan broker, and debt management service provider operating in Australia. As a lender, Safe Financial offers three types of loans: small loans of up to $5,000, car loans of up to $250,000, and business loans of up to $10,000. It is an accredited mortgage broker and connects with various lenders to secure a mortgage loan for customers. Safe Financial also provides debt management services, allowing customers to manage their finances especially if they are finding it difficult to service various forms of debt at the same time.  

How Much Does A Safe Financial Loan Cost?

Each loan being offered by Safe Financial comes with its own set of costs. 

Mini Loan

For borrowers of mini loans, Safe Financial applies variable costs based upon the amount being borrowed. 

  1. For loan amounts up to $1,000, an establishment fee of $200 and a monthly fee of $40 are applied. 
  2. For loan amounts up to $1,500, an establishment fee of $300 and a monthly fee of $60 are applied.
  3. For loan amounts up to $2,000, an establishment fee of $400 and a monthly fee of $80 are applied.

The lender charges an establishment fee of $400 plus an additional fee of up to $399 for loan management on amounts between $2,000-$5,000 (called a medium loan). The applicable rate on medium loans is between 8.7%-48%, depending upon the term of the loan and the amount borrowed. 

The comparison rate for a Safe Financial mini loan is 66.25%. 

The following table illustrates the varying costs that borrowers have to bear when they take out a mini loan from Safe Financial. 

Loan TypeLoan AmountRepayment TermTotal Repayment
Small Loan$1,00022 weeks$1,440
Medium Loan$2,10040 weeks$3,000

Car Loans

The following table illustrates the costs that borrowers should expect to bear when they take out a loan with Safe Financial. 

Loan TypeLoan AmountRepayment TermTotal Repayment
Car Loan$3,00052 weeks$4,292.60
Car Loan$7,00052 weeks$8,838.96

Business Loans

The following table illustrates the costs borrowers of business loans can expect to bear.

Loan TypeLoan AmountRepayment TermTotal Repayment
Business Loan$1,00052 weeks$2,045.68
Business Loan$5,00052 weeks$7,475
Business Loan$10,00052 weeks$13,975

Key Features

Mini Loans

The following features are available with mini loans:

  1. Loans of up to $5,000 are available. 
  2. Loans up to $1,000 have a minimum term of 22 weeks and a maximum term of 31 weeks. Loans between $1,000-$1,500 have a minimum term of 31 weeks and a maximum term of 40 weeks. Loans between $1,500-$2,000 have a minimum term of 44 weeks and a maximum term of 52 weeks. Loans exceeding $2,000 have a maximum term of 40 weeks. 
  3. The loan amount can be disbursed within the same day, although it may take up to one business day for the entire process to culminate. 

Car Loans 

Car loans acquired through Safe Financial have the following features:

  1. Loan amounts of up to $7,000 are available from Safe Financial as a lender. 
  2. For amounts greater than $7,000 up to $250,000, Safe Financial acts as a broker and will facilitate the borrowing process with other lenders in its pool. 
  3. The loan application can be made online or over the phone. 
  4. Approvals are usually given within a few business hours, and the loan amount is disbursed within a few hours shortly after the loan is approved. 
  5. Both new and used cars are covered by these loans. 

Business Loans

The business loans being offered by Safe Financial have the following features:

  1. It can be used for multiple business purposes, including wages, purchase of work vehicles or equipment, buying of stock, etc. 
  2. Borrowers can apply online or over the phone with the possibility of receiving the loan amount on the same day. 
  3. Offers a Factoring and Invoice Discounting facility, whereby the lender purchases a debt that is owed to the borrowing business. This way, businesses get their cash instantly rather than waiting for the debt to mature. 

Home Loans

Safe Financial holds full accreditation to act as a Mortgage and Finance Broker. The lender helps customers choose between a number of lenders in its pool as per their unique requirements. 

Safe Financial provides free mortgage consultation over the phone. The broker only earns a commission once a mortgage application is filed and approved through it, that too from the lender. 

Pros and Cons

The following pros pertain to the services being offered by Safe Financial:

  1. Fast cash loans can be repaid early without any extra charges. 
  2. Applicants with a bad credit score are also considered, although those with multiple cases of unpaid loan defaults may not qualify. 
  3. The lender allows applications to be made both online and over the phone. 
  4. No application fees.

Safe Financials services have the following cons:

  1. Fast cash loans are not available to new customers unless they have at least $500 weekly income, most of which should come from employment. 
  2. Additional fees are applied in case a borrower fails to comply with the agreed-upon terms and conditions as set in the loan agreement. 


To purchase a personal vehicle, should I get a Mini Loan or a Car Loan?

If you require a loan specifically to purchase a car, then a car loan is more suitable. 

What is a Mini Loan?

A Mini Loan is a personal loan that can be used for any personal expense. 

Can I apply for a business loan to cover personal expenses?

No, business loans are only valid if taken out for business-related expenditures. 

How quickly can I get funds after filing a loan application with Safe Financial?

Depending upon the time of day when an application is submitted, Safe Financial may give approval and disburse funds both within the same day. 

Eligibility Criteria

To apply for a fast cash loan or a car loan, applicants must:

  1. Be employed and have a regular income of over $500 per week.
  2. Be over the age of 18
  3. Have permanent residence or citizenship status in Australia
  4. Have a valid bank account in the applicant’s name
  5. Have a valid phone number in the applicant’s name
  6. Provide sufficient ID documentation. In most cases, a driver’s license should suffice. 

The abovementioned criteria do not apply to the existing customers of Safe Financials. 

While applying for a business loan, applicants are provided with a list of documentation they need to submit in order to verify the information presented in the application form. 

Customer Support

Safe Financial offers a live chat facility on its website to address any queries or concerns. Additionally, customers may reach out by calling 1300 661 991. 

Application Process

Applicants can apply online or over the phone by calling 1300 661 991. 

To apply online, applicants need to follow these steps. 

Step 1 – File an online application form

The online application form can be accessed on their website. Every loan type has its own unique application form, which can be accessed by visiting the page of the loan type you want. Simply scroll down on the home page until you see the following sections. 

financial online application form

Click on the loan service you require and, on the following page, click on the Apply Now button as shown in the image below. 

This will take you to the application form. Simply fill out the form and submit it online for consideration by the lender. 

Step 2 – Get approved

Your loan application will be processed in a matter of hours by the lender, and an intimation would be given to you about the loan decision on your given contact information. 

Step 3 – Disbursement of loan 

Once approved, the lender will deposit the loan amount in your provided bank account, usually within the same day.