Short Term Loans

What is a short term loan

A short term loan is a small cash loan that, you guessed it, has a short term loan period of usually less than a year.

For example, Sunshine Loans offers short term loans from $2,050 to $2,500 and our loan repayment terms generally run for a 12 to 20 week period.

You can apply online for a short term cash loan with us, which often comes in handy when unexpected expenses arise, and you need a small cash loan quickly.

What are the benefits of a short term loan?

Short term loans offer the flexibility of a small cash boost when you need it the most, along with the freedom to pay off early without being locked in to long loan terms.

A short term loan with Sunshine Loans has the following benefits:

• Lightning fast payment – up to $2,500 deposited into your bank account the same day (conditions apply)


• No hidden fees or charges – we have simple loan terms and transparent costs


• Loan repayment terms typically run for a 12 to 20 week period


• You can pay off your loan early, without penalty.


• Simple and secure online application


• Apply online 24/7

How long does approval take on a short term loan?

Sunshine Loans has some of the fastest loan approval times in the industry. 

What is a responsible lender?

A responsible lender will assess your loan application and carry out the necessary due diligence to make sure you can comfortably afford repayments on a short term loan.

At Sunshine Loans, we believe in a fair go. If you have bad credit, don't worry! We may still be able to help you depending on your circumstances.

When reviewing your loan application we'll look at your bank statement to assess your income and make sure you can comfortably afford repayments.

What information do I need to apply?

We accept applications 24 hours a day, 7 days a week – and it could take you less than 5 minutes to apply. Just make sure you have the following information handy:

• Details of your regular income, including government benefits (if applicable)


• Personal identification (Australian Drivers Licence, Proof of Age Card, or Passport)


• Your bank account details (Bank, Account Name, BSB, Account Number)

Short Term Loan Costs and Terms

At Sunshine Loans , we'll never have hidden fees or charges. We work hard to make sure our terms are simple and our fees are transparent.

On a short term online loan of up to $2,500, here's what you'll pay.

•We charge interest at a maximum Annual Percentage Rate of 48% per annum* plus an Establishment Fee of $400.

•There are no other account keeping or other regular monthly fees.The minimum term is 63 days and the maximum term is 140 days

•For example, a $2050 loan over 20 weeks will have payments of $134.51 and a total repayment of $2,690.17. This is an example only and other charges or fees may apply.

*The Comparison Rate for a loan of $2,500 over two years is 66.20%.Note: Sunshine does not offer medium loans over 2 years.

WARNING: This comparison rate applies only to the example or examples given and may not include all fees and charges. Different amounts and terms will result in different comparison rates.

Short Term Loan Minimum Requirements

To receive a short term loan with us, you'll need to meet our minimum requirements:

• You must be at least 18 years old


• You must have a regular income of at least $700 a week ($1400 a fortnight)


• Regular income can come from a part or full time job and government benefits (e.g. Centrelink). This income cannot be from Centrelink or Pension only.

Why thousands choose Sunshine Loans

• We're Australian owned and operated.


• Helping Aussies secure small loans since 1999.


• Skip the paperwork fuss! Simple and secure online application.


• Receive approved funds directly into your bank account, fast.


• Our fees are transparent and our loan terms are simple.


• And if you pay off your loan early, great! There's no penalty!

Apply for a short term loan today

If you're looking for fast short term loan, with no hidden fees and charges – you've come to the right place! We've helped thousands of Australians secure a short term loan that's right for them.

Sunshine Loans has lighting fast approvals on small cash loans of up to $2,500.

Apply online in 5 minutes or less with our simple and secure application form and once approved, we'll deposit up to $2,500 directly into your bank account, instantly!

No annoying paperwork, zero hidden charges, and you can pay off your loan at any time – without penalty!