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  • Transparent Fees: Upfront disclosure of all costs and fees ensuring no hidden surprises.
  • Simplified Loan Options: From quick cash loans to more substantial amounts for debt consolidation, Swoosh caters to various financial needs.
  • Easy Application Process: Online application takes just minutes, moving you quickly towards financial relief.
  • Prompt Approval: Decisions are delivered directly to your inbox during business hours upon submission of necessary information.
  • Zero Application Fee: No charges for loan application, whether approved or not.
  • Flexible Repayment Options: Repayment schedules align with your payday, easing financial management.


  • High-Interest Rates: The annual interest rate is 47% with a comparison rate of 66.0347%**, which may be on the higher side.
  • Standard Establishment Fee: A fee of $400 alongside an additional $16 included in the loan might feel steep to some.
  • Missed Payment Penalties: $35.00 direct debit dishonour fee for missed or returned unpaid scheduled payments, which could elevate the loan cost.

Here’s a comprehensive guide on what you need to know about Swoosh Finance, including the costs, what’s covered, and what’s not.

Cash Loans from $2k to $5k

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About Swoosh Finance

Swoosh Finance, a distinguished loan provider under the Australian Credit License No 387993, offers a straightforward and transparent approach to lending, removing the usual financial jargon and lengthy processes from the equation.


  • Standard Establishment Fee: $400
  • Other Fees: $16 (included in the loan)
  • Annual Interest Rate: 47% (Comparison Rate 66.0347%)**
  • Loan Term: 12 months with flexible repayment options of weekly, fortnightly, or monthly installments based on your payday.

The loan journey with Swoosh Finance is designed to be smooth and efficient. It comprises three simple steps: an online application review of the payday loan rates and fees, prompt loan approval during business hours, and a swift fund deposit into your bank account post-approval. Repayments are conveniently direct debited from your bank account in alignment with your paydays, offering a stress-free repayment experience.

Loan Terms

  • Loan Amount Range: $2,100 to $5,000
  • Application Fee: $0 (even if the application is not approved)
  • Standard Establishment Fee: $400
  • Other Fees: $16 (included in the loan)
  • Annual Interest Rate: 47% (Comparison Rate 66.0347%)**
  • Loan Term: 12 Months
  • Repayment Options: Flexible schedules of weekly, fortnightly, or monthly payments based on your payday.
  • Direct Debit Dishonour Fee: $35.00 fee may be issued if a scheduled payment is missed or returned unpaid.

Interest Calculation:

  • Interest is calculated daily based on the outstanding balance, with fixed rates for the loan term.
  • The daily interest rate is determined by dividing the annual interest rate by 365.
  • Comparison rates range from 65-66% depending on the size of the loan.


Loan Amounts$2,100 to $5,000
Application Fee$0
Standard Establishment Fee$400
Other Fees$16 (included in the loan)
Annual Interest Rate47% (Comparison Rate 66.0347%)
Debit Dishonour Fee$35.00 (if a scheduled payment is missed or returned unpaid)
Loan Duration12 months
Repayment OptionsWeekly, fortnightly, or monthly (based on your payday)
Interest CalculationDaily, based on the outstanding balance, fixed for the loan term
Comparison Rates65-66% depending on the size of the loan
Employment RequirementEmployed for at least three months prior to the application
Vehicle Ownership RequirementVehicle registered under applicant’s name

Cash Loans from $2k – $5K

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What’s Covered

  • Transparent Lending: Swoosh Finance champions transparency, providing clear disclosure of all fees and costs associated with the loan.
  • Quick Online Application: A user-friendly online application process that takes mere minutes to complete.
  • Prompt Approval: Swift approval process during business hours, moving you rapidly from application to disbursement.
  • Flexible Repayment Schedules: The flexibility of repayment schedules aligned with your payday eases financial planning and management.

What’s Not Covered

  • Missed Payment Penalties: It’s imperative to note that a missed payment or returned unpaid scheduled payment incurs a $35.00 direct debit dishonour fee, adding to the cost of the loan.
  • High-Interest Rates: The high annual and comparison rates might be a deterrent for some potential borrowers.
  • Longer-Term Financial Solutions: With a loan term of 12 months, Swoosh may not be suitable for individuals seeking longer-term financial solutions.

Final Takeaway

Swoosh Finance, offers a relatively streamlined and transparent lending experience for individuals in need of quick financial support. The simple three-step process from application to funds disbursement, along with flexible repayment options, significantly reduces the usual stress associated with borrowing. Although the interest rates are on the higher side, the transparency and simplicity offered by Swoosh Finance make it a strong contender for those in need of short-term financial solutions. Its eligibility criteria also broaden the scope of who can access financial aid, potentially providing a financial lifeline to many.