Payday cash loans

Have you ever thought about getting a quick small cash loan to deal with the immediate problem at hand? A payday loan can help you with that. Apply now at MiFinance and get your approved payday loan today!

Contact us now for our upfront pricing

At MiFinance, we believe in transparent pricing, and we are strictly against any hidden fees and charges. Like our other types of cash loans, we charge a flat 20% establishment fee and a 4% monthly fee for payday loans.

We show the interest rates for each payday loan after the customer confirms the loan amount and the time they choose to repay it. We also provide the comparison rate for each personal loan right under the loan terms.

Apply for payday loans online today and get approved within hours. The money will be in your bank account as soon as possible! Contact us to get more information about other options for managing emergency bills or debts that your current income can’t cover right now.

100% Legal In What We Do

MiFinance has an authentic, up-to-date Australian Credit Licence, and all the cash loans that we lend to the residents of Australia are entirely legal. Our fees and charges, including the establishment and monthly fees, are structured according to government regulations.

We don’t have any government interference in our lending procedure as a company registered under the National Consumer Credit Protection Act 2009. We are free to offer independent financial support.

Under the National Consumer Credit Protection Act, 2009, our customers can follow the legal process in any undesirable conditions during the cash loan repayments. We boldly advise our customers to track their repayments to avoid any discrepancies.

Bad credit? No worries!

We don’t measure our customers’ worth by numbers. Bad credit can’t stop you from borrowing a payday loan from us as long as you meet our other criteria. If you need to borrow a payday loan, apply through our online process immediately to get approved.

Our approval ratings are generally high, and once approved, you’ll get the money in your bank account within 60 minutes.

According to our policies, we need to check your bank statements for the last three months before lending you a fast cash small loan. For the sake of our lenders, we have a set of eligibility criteria:

  1. You can apply online for payday loans only if you are anywhere in Australia.
  2. You must be of 18 years or above.
  3. You must have an active bank account with viable bank statements for the last three months.
  4. You need to have a regular income source. If you are on government benefits of Centrelink, we consider those as regular income sources too.

The easy online application process

Our 100% online application process is something we are proud of, and you can apply for payday cash loans from anywhere in Australia. Follow our three simple steps and apply for payday loans online.

  • Apply with all the personal details.
  • Wait for approval.
  • Talk to your lender and get the money fast.

Be extra careful while putting bank account details. We suggest you know about all available options before you borrow. Although the monthly maintenance fee and the establishment fee are the same for all, differing loan amounts and frequency of repayments result in a different comparison rate.

Plan ahead of time with our cash loan calculator

The cash loan calculator is a tool on our website that can show you how much money you’ll have to pay back if you borrow money from us. For all forms of personal loans, it displays the payment plan, interest rates, etc.

When does a payday loan come in handy?

You can borrow for a payday loan when the need for quick cash is more pressing. Our rapid cash lending option provides our customers with immediate cash flow within 60 minutes. For payday loans, repayments are variable, and so are the interest rates.

Medical emergency

Medical emergencies are the most terrible reason to take out a financial loan. A medical crisis is tough to anticipate most of the time. At the point of crisis, the only thing that matters is obtaining the money from somewhere. Mi Finance’s online quick cash loan application will provide you with fast cash.

You can acquire the loan amount you want by looking at your bank statement for the previous 90 days and having a steady income for the last three months. With these loans, we charge a standard startup cost and a monthly fee across Australia.

Other unexpected expenses

You may require a few more pennies for managing bills and debts. It can also be expenses for your loved ones like your children’s education, or dental bills etc. In such circumstances, a personal loan will be ideal. You can take out a short-term loan today, and we can work out a payment plan.

You may need a loan for various reasons, including car repairs, housing repairs, and so on. We are prepared to provide you with the cash you require. Once you clear all these criteria in place, you won’t have to worry about loan approval. You may apply for an online loan and receive funds in your bank account within a few hours on our website.

Pending bills

Your medical bills, power bills, and other bills may have been lost in the shuffle of your job and social life. Maybe forgetting about the monthly expenses isn’t ideal, but it’s pretty standard. You can overcome a few missteps, but you may need to take out a modest loan to cover your costs if the problem persists.

Instant cash flow

You may need to borrow short term loans in life. The amount of money required is usually the least in this case. Fill out the online application form and obtain immediate approval for some quick cash before a social event or for your business. When your monthly salary arrives in your account, repay us!

An utterly hassle-free borrowing experience

If your negative credit history prevents you from obtaining the payday loan you require, you should talk to a free financial expert we have contact with. For other queries, contact our customer service department for a more detailed explanation of our services.

Our small to medium-sized direct access payday cash loans have a greater approval rate, and the application procedure is 100% online. Before you borrow, you’ll know how much you’ll have to repay us. Read all of the terms and conditions before actually starting the application process. Apply today!


How much does an approved loan cost?

Applying with MiFinance is entirely free as our loans have no interest. Our Loan Costs website is the simplest method to figure out how much your loan will cost.

Unless your lender specifies differently, you can anticipate paying something like this:

Short-term loans ranging from $500 to $2,000

  • 20% of the principal amount (establishment fee)
  • A monthly payment of 4% of the principal amount.
  • We don’t charge interest on our loans between $500 and $2000.

Medium Personal Loans range from $2,001 to $4,600

  • A $400 start-up fee
  • Interest is payable at a rate of 48% per year on a declining balance basis.
  • The APR is 48%, while the comparison rate is 12%.

Is there a renewal price?

There are no additional charges for renewal. Loans are not renewed by rolling them over or refinancing them at MiFinance. You can, however, apply for another loan. If you’ve successfully settled a previous loan, it’s usually considerably easier to apply for and be authorised for a repeat loan.

Is there a limit to how much I can borrow?

MiFinance offers short-term loans ranging from $500 to $2,000, secured personal loans ranging from $2,100 to $4,600, and longer-term loans ranging from $5,000 to $10,000, depending on your eligibility.

Loan lengths can range from 6 to 36 months, depending on the type of loan and the lender’s criteria.