This month, when you take out a mini loan, a car loan or a business loan, you could WIN $1,000 cash*.
$500
$5,000
How often do you want to pay it back?
New clients - must work and earn $700+/wk to apply
* Repayment amount is a guide only. If your loan application is conditionally approved, your loan contract will list the repayment amounts, the number and frequency of repayments, when they are due, and any fees and charges.
It only takes a few minutes to apply online.
Keep your phone handy - we'll call to confirm your transactions
On approval, cash is in your account - usually same day!
A Safe Mini Loan is a small personal loan. If approved, cash will be deposited directly into your bank account.
We offer two types of personal loans: a Small Amount Credit Contract ('SACC') for loans from $500 to $2,000 and a Medium Amount Credit Contract ('MACC') for loans from $2,001 to $5,000. These loans are regulated under the National Consumer Credit Protection Act (2009).
To apply, you must be an Australian citizen or permanent resident, at least 18 years old, have a bank account and phone in your name, and possess a driver's license or 100 points of ID.
New clients must be employed and earn at least $700/week. We are unable to accept an application if you only receive Centrelink benefits.
Past clients are welcome to reapply regardless of meeting these criteria.
You can apply online for any amount between $500 and $5,000. We welcome all applications and try to help everyone.
For loans up to $2,000, we charge an establishment fee and set monthly fees instead of interest. The maximum fees are outlined below:
| Loan amount | Establishment fee | Monthly fee |
|---|---|---|
| $500 | $100 | $20 |
| $1,000 | $200 | $40 |
| $1,500 | $300 | $60 |
| $2,000 | $400 | $80 |
For loans between $2,000 and $5,000, an establishment fee of $400 and a loan management fee of up to $399 apply. Our interest rates start at just 8.7% and go up to a maximum Annual Percentage Rate (APR) of 48% per annum, depending on the loan term and amount. The comparison rate is 66.25%*.
*The comparison rate for a $2,500 loan with a $400 establishment fee, 2-year term and weekly repayments is 66.25%. 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 comparison rate. Safe Finance does not offer a loan of $2,500 over a term of 2 years.
Loan cost examples
Let's say you need to borrow $1,000 for an unforeseen expense. You will be charged a one-off establishment fee of $200 plus a monthly fee of $40 for the term of the loan. The minimum loan term for a $1,000 loan is 26 weeks. So, in this scenario, the total expected repayment amount over 26 weeks would be $1,479.92 - this includes the $1,000 principal loan, a $200 establishment fee, and $279.92 in monthly fees.
If you need a larger loan of $2,100 over 40 weeks, the total repayment for a weekly payer is $2,999.20. This includes the principal loan of $2,100, a $400 establishment fee, a $399 loan management fee, and only $100.20 in interest.
In both these loan examples, you can save on monthly fees or interest by choosing to pay back the loan sooner.
Our loan terms vary depending on the amount borrowed. We offer a minimum and maximum term for loans up to $2,000, which can be found on our mini loan calculator and in the table below.
| Loan Amount | Minimum Term | Maximum Term |
|---|---|---|
| $500 | 13 weeks | 26 weeks |
| $1,000 | 26 weeks | 50 weeks |
| $1,500 | 26 weeks | 50 weeks |
| $2,000 | 26 weeks | 50 weeks |
For loans greater than $2,000, we offer a 40-week term. There are no penalties for early repayment, and you could save on interest or fees.
Our loan calculator simplifies repayments by including all fees, charges, and interest options. Plus, early payouts are penalty-free.
No, applying for a Mini Loan is completely free. Fees are only charged if we approve and fund your loan.
You need to apply online, which only takes a few minutes. We will contact you during office hours to confirm certain details before finalising your loan application.
You may apply if you have some bad credit, but having multiple unpaid loan defaults or being in a Part 9 Debt Agreement may disqualify you.
If you are a new client and your only source of income is Centrelink benefits, we are unable to accept your application. However, we accept applications from new clients who receive wages and/or certain other payments such as DVA pension, Docs, or Superannuation Payments.
Yes, as part of the application process, a credit check will be completed.
Yes, to process your loan application, we need a secure copy of your read-only bank transaction history so we can assess your ability to repay the loan.
We will try our best to approve your loan application, but approval is not guaranteed. We consider affordability, credit history (some bad credit is still accepted), occupancy, employment, and your history of repaying other loans or credit.
We try to make the process fast. During our office hours, you generally receive a conditional answer within hours. Then, if approved, it depends on how quickly you sign and return your loan documents. Same-day funding is available.
Please ensure you adhere to the loan terms to avoid additional fees and charges, including dishonoured payment and default fees, as detailed in your loan contract. If you default on your loan, credit reporting agencies may be notified with advance notice given.
If you cannot make payments on a Mini Loan, we will attempt to negotiate a resolution before pursuing legal action. We use various methods, such as phone, mail, SMS, and email, to notify you of missed payments and to resolve any issues. Please note that loans are not automatically renewed, and a new application is required for any further loan.
