Frequently Asked Questions

Frequently Asked Questions

What service does Easy Payday offer?

At Easy Payday, we aim to ensure that we find the best loan deal for our customers and to provide clear and responsible information along the whole process.


How can I apply for a payday loan with Easy Payday?

Applying for a loan is a simple process, complete the loan application form and submit your details, you will have a decision on your loan from our panel of lenders within a two minutes but usually a lot faster than this. 


How long does the loan application take?

The loan application one submitted only takes a couple of minutes to get your decision from our lenders. If you have been accepted before 3pm then funds can be deposited to your account same day, if it’s after 3pm then funds will be deposited the next working day, depends on your circumstances - further information may be required to support your application.


How are the loan funds sent to me?

The loan amount will be deposited straight to your bank account.

The amount of credit that you can borrow will be wholly based upon your personal circumstances, you can apply for our maximum loan $1000 but your chances of being accepted are higher if you choose an amount $500 or less. Please see our charges page for more information.


Who can get a loan?

Each payday loan lender will have their own qualifying criteria, but some elements stay the same across the board. For example, you must be aged 18 years of over to apply for a payday loan, you must be able to provide proof of your identification and you must have an active bank account, which can accept direct debits


What information do I need to provide?

We need to take your standard personal information during the loan application to verify who you are, help match you to a loan lender who is appropriate for your circumstances. 


Will a poor credit history affect my application?

Yes! No matter what your credit score you can still apply for a payday loan through us. Many lenders do not check your credit file and this is due to the short term nature of the loan. Because you will be expected to re-pay your loan after a maximum period of 45 days, many lenders are only interested in your current circumstances, rather than how well you have re-paid credit in the past.


How are the loans repaid?

The payday loan needs to be repaid on your before the agreed payment date in your contract. The amount will be debited from your account on that agreed payment date. 


I am having problems repaying my loan - what should I do?

If you are aware that you will be unable to re-pay all or some of your loan then you must contact your lender as soon as possible. Lenders are aware that people’s circumstances change, sometimes without prior warning and they will therefore work hard to help you. The worst thing that you can do is not let the creditor know and bury your head in the sand. Taking out a loan is a serious endeavour and you must not do so if you know that you will not be able to pay the money back.


Is Easy Payday a direct lender? is not a direct lender. We are a leading loan broker website and use the latest technology to help our customer secure payday loans. Our panel of lenders is always increasing meaning your chances to secure a loan may increase.


 Warning About Borrowing

This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow: For information about other options for managing bills and debts,ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor

  • Talk to your electricity,gas,phone or water providers to see if you can work out a payment plan
  • If you are on government benefits,ask if you can receive an advance from Centrelink:phone 13 17 94

The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you

How much does it cost?

Representative Example: $200 borrowed for 30 days. Amount payable is $248. Interest and fees are $48.

Payday Loans have the following simple cost structure:

20% of principal amount (establishment fee)

+ 4% of principal amount per month.

See our charges page for more information on loan repayments.

What Happens If I Can't Repay On Time?

If you can't repay on time please let the lender know immediately so they can reschedule the repayment. The fee for missing repayments can vary with each lending but could be in the region of $35.

Your lender will endeavor to contact you to try and sort out an affordable arrangement. If your account continues to be unresolved, daily fees will accrue.

Contact Details are a referrer of Pingtree PTY Ltd,

Unit 4, 134 Constance Street, Fortitude Valley, Queensland 4006

Loans available to over-18s only, subject to status.

ACL Number (434380)

Registration Number: 159 893 491 I @ 2014

Pingtree PTY Ltd are an Australian based credit licensed finance broker. They attempt to match you with a reliable licensed lender willing to give you a short term loan.