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The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on loans between $300 and $2000 is 199.43%
*Warning: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different rate.
Viva Payday Loans > Swift Loans

Swift Loans

Swift Loans is an online loans provider in Australia offering loan amounts between $300-$4,500 for a loan term of between 10-52 weeks, in partnership with its sister concern Oz Cash Loans. The lender operates completely online and has a fast loan delivery process, and application forms can be submitted 24/7. The lender uses a direct debit facility to claim repayments against the outstanding loan amount, until the entire loan obligation is repaid. Repayments are scheduled as per the borrower’s payday. The borrowed loan amount can be used to pay for any personal expenditure, including medical expenses, traveling, and repairs, to name a few.

Types of loans

Swift Loans provides online cash loans between the amount of $300-$4,500.

  1. Small Loans, under $2,000
  2. Medium Loans, between $2,001 and $4,500

Eligibility Criteria

To qualify for a Swift Loan, borrowers must:

  1. Be over the age of 18
  2. Be a resident of Australia
  3. Have a regular income stream

Pros & Cons


  1. Completely online loan application process
  2. Quick loan amount disbursement once loan is approved
  3. Might approve applications from borrowers with a bad credit history
  4. Allows early repayment without any additional fees


  1. Does not operate branches for in-person loan application process

Borrowing costs of Swift Loans loans

If the borrowed amount is under $2,000, the lender charges 40% establishment fee and 4% monthly fee, while amounts between $2,001 to $4,500 are charged a fixed establishment fee of up to $400 and an APR of 35%.

Loan Type Loan Amount Loan Term  Total Repayment Total Borrowing Cost
Small Loan $1,000 16 Weeks $1,360 $360
Small Loan $1,500 20 Weeks $2,100 $600
Medium Loan $2,500 26 Fortnights $3,561.28 $1,061.28

Information Required To Apply

The following information is required to apply for a Swift Loan:

  1. Details pertaining to internet banking 
  2. An Australian driver’s license or any ID that proves your age
  3. Loan purpose
  4. Details about income and expenses

How To Apply

Step 1 – Fill out the online application form

Log on to, select your desired loan amount by dragging the slider, and click Apply Now. 

Fill out the application form as accurately as possible by providing all required information. Once the form is complete, submit it for review.

Step 2 – Application review

Swift Loans will review the information you’ve provided, and verify all income and expenditure information by checking your latest 90-day bank statements. If approved, the lender will reach out with a loan offer that you must accept for the funds to be disbursed.

Step 3 – Disbursement

Once the loan offer has been signed and received by the lender, the loan amount is disbursed in under an hour of receiving the signed loan offer.


  1. What is the maximum amount I can borrow through Swift Loans?
    Swift Loans offers a maximum loan amount of $4,500.
  2. Does Swift Loans offer same day loans?
    Yes, provided the signed loan offer is sent back to the lender before a specific time.
  3. Does Swift Loans accept applicants with a bad credit score?
    Yes, each application is reviewed on its individual merits.
  4. Does Swift Loans allow early repayments?
    Yes, without penalties.
  5. How do I make repayments on a Swift Loans loan?
    Repayments are made automatically through the direct debit facility that is set according to your pay cycle.

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Promo Codes

No promo codes are available for Swift Loans at this time.