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Your Loan Summary
Borrowing:
$300
Interest:
$7.72
Repayment by:
23.1.2014
In your account by:8:11PM
Total to repay:
$107.72
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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 > Today Loans

Today Loans

Today Loans is a secured cash loans provider operating in Australia, providing loans of amounts between $500-$3,000 for a term period of 6 to 36 months. Each loan is secured against the borrower’s licensed motor vehicle, provided it is not more than ten years old. The lender allows weekly, fortnightly, or monthly repayments, and uses a direct debit facility to claim repayments from the borrower’s bank account. If you apply before the appointed times, you may be able to secure a loan on the same day.

Types of loans

Today Loans provides cash loans called Tailored Loans. These loans are secured against a licensed motor vehicle owned by the borrower. 

Eligibility Criteria

To apply for a tailored cash loan, borrowers must:

  1. Be earning a weekly income in excess of $500
  2. Be over the age of 18
  3. Provide security in the form of a licensed motor vehicle not older than 10 years, and the vehicle must not be under any form of financing 

Pros & Cons

Pros:

  1. Fast online application process, available 24/7
  2. Possibility of receiving a decision in under two hours
  3. Same day disbursement of loan funds if applied before the appointed time 
  4. Dedicated customer service via phone call or email

Cons:

  1. Secured loans, requires security in the form of licensed motor vehicle

Borrowing costs of loans from Today Loans

Today Loans charges a monthly rate of 4%, amounting to an APR of 48%. 

Applicable rates may vary depending on the loan amount, loan term, and additional charges including repayment fees, redraw fees, and default fees.

Loan TypeLoan AmountLoan TermTotal RepaymentTotal Borrowing Cost
Cash Loan$2,50024 Months$4,294.67$1,794.67
Cash Loan$1,50024 Months$2,576.8$1,076.8

Information Required To Apply

The following information is required to complete the loan application process:

  1. Personal information including name, marital status, and dependents
  2. Contact information including email address and phone number
  3. Employment details including name of employer, address, and contact information
  4. Weekly income/expenses information

How To Apply

Step 1 – Fill Out Online Application Form

Log on to www.todayloans.com.au and click on the Apply Now button. This should take you to the application form. 

Go through the eligibility criteria and click next. Fill out the required information in the application form and submit it for review. 

Step 2 – Application Review Process

It should take about two hours for your application to be processed and the decision to be finalized. 

Step 3 – Disbursement Of Funds 

If the loan is approved before the appointed time as set by the lender, the funds may be disbursed within the same day. 

FAQs

  1. How long is the application process to apply for a loan with Today Loans?
    The application process should take about ten minutes to complete.
  2. What is the maximum amount I can borrow from Today Loans?
    The maximum loan amount available is $3,000
  3. Does Today Loans give out loans to borrowers with bad credit?
    Yes, each loan application is evaluated on its own merits and someone with a bad credit history may qualify for a loan.
  4. Do I need a car to apply for a loan with Today Loans?
    Yes, a licensed motor vehicle not older than 10 years is required to apply.
  5. Does Today Loans allow early repayments?
    Yes.

Lenders Like Today Loans

LenderDescription
Our Money MarketOurMoneyMarket is an unsecured personal loan provider in Australia offering loan amounts between $5,000-$35,000 for a loan term of 3, 5, and 7 years.
RateSetter LoansRateSetter is a loan provider with a peer-to-peer lending platform in Australia that deals in personal and car loans. The lender offers personalized rates on its loan products based upon the borrower’s credit history.
Cash Converters Cash Converters is a loan provider in Australia with cash loans from $50 all the way up to $5,000. It operates more than 150 stores in Australia, and also acts as a marketplace for second-hand products. Customers can apply for a loan both online as well as in-store.
Clear LoansClear Loans is a guarantor loan provider in Australia offering loan amounts between $3,000-$15,000. The loan terms allowed by the company range between 12-60 months.

Promo Codes

No promo codes exist for Today Loans at this time.