small loans online with Wonder Loans

Small Loans

Small Loans Online Are A Convenient Way To Deal With Life’s Expenses

We offer small loans online to help you cover those unexpected costs that could be causing you stress – so you can move on with your life.

What Are Small Loans Online Used For?

Small loans can be needed for a number of purposes. Here are some common reasons our valued customers have for getting a small loan from us:

  • Emergencies – You may need funds to book urgent travel or cover medical bills.
  • A Cash Shortfall – Sometimes you need some extra cash to get through to your next pay cheque, life can be tough at times.
  • Vehicle Costs – Repairs, car rego payment – get your car back on the road ASAP.
  • Special Events – For costs related to engagements, weddings, anniversaries, birthdays, Christmas.
  • Moving House – You may need extra funds for a rental bond, rent advance, movers, bond cleans. Moving is not cheap!

How Do Small Loans Online Work?

In a nutshell, its simple! You can apply for any amount between $300 and $2,000. You can repay these small loans over 6 months. There is a standard 20% establishment fee and a 4% monthly fee. We are a responsible lender and we strive to make getting a small loan simple, convenient and transparent for you.

What are the eligibility requirements for a small loan?

To apply for a small personal loan, you need to:

  • Be an Australian permanent resident
  • Be at least 18 years of age
  • Not be currently bankrupt
  • Be receiving a regular income

Why Wonder Loans?

You can apply for bond loans 24/7. It takes only 5 minutes. Our secure process is 100% online and you can apply from any device: your mobile; tablet; laptop.

  • ZERO paperwork
  • ZERO long queues and wait times
  • ZERO hidden fees
  • ZERO catches
  • ZERO surprises.

How Do I Get A Small Loan?

  1. Apply For Small Loans Online In 5 Minutes
    Our loan application process is fast, efficient and clear. Use any connected device to apply online.
  2. Get Approved & Confirm Your Loan Online
    If you meet our lending criteria, we will notify you via email/SMS to digitally sign your contract online. We verify the assessment information you send us in a very secure manner – without tons of paperwork. Our entire process is online and we keep you informed at every stage of the process.
  3. Get Your Funds Same Day
    If approved before 5pm, we will deposit the funds into your account the same day. All approved loans are paid as soon as they are approved. Depending on your bank, you will receive your money on the same day as you apply, Monday – Friday.

Whatever your situation, let us try to help you – Apply for a small loan today.

Example of a Small Loan (Small Amount Credit Contract)

You need a loan of $1,000 to fix your car. You apply online and you choose your loan amount and your repayment term. You choose to pay it back in 10 payments of $132 per week.

$132  x 10 Repayments per week = $1,320 Total Amount Repaid

In the above example, you will pay:

  • Adjusted Credit Amount: $1,000.00 (the amount that you receive)
  • Establishment Fee: $200.00 (set by NCCP at 20% of the loan amount)
  • Monthly Permitted Fee: $40.00 per month
  • Amount of Credit of the Loan: $1,240.00
  • Nominal Percentage Rate (Interest) per annum: 0% as defined by NCCP
  • Comparison Rate:  201.9447% as defined by NCCP
  • Total Amount of Interest Payable: NIL
  • Total Number of Repayments: 10
  • Consisting of 10 repayments of $132.00
  • Total amount repaid: $1,320.00

These examples assume that repayments are made on time as per the original loan contract terms. For more information on our fees see our Costs Page