Loans Like Teleloans

Offering small cash and business loans in Australia, Teleloans is an established emergency loan provider. They also do an excellent job of helping clients manage their financial situations. 

The thing that may deter borrowers from resorting to Teleloans is their maximum loan amount of $1,000 and inflexible repayment terms.

If you’re a first-time Teleloans user, you can’t borrow more than $100-$200, and the amount you borrow must be repaid over a period of 20 days. Not very convenient, huh?

If you’re looking for a Teleloans alternative that’s more generous with repayment terms and loan amounts, this post is for you, so stick around. 

Perfect Payday

loan companies in australia like teleloans

If you need to borrow more than $1,000 whilst enjoying a generous repayment term, you can’t go wrong with Perfect Payday, the best loan company for speed and convenience.

Perfect Payday offers loan amounts ranging from $300 all the way up to $10,000. All Perfect Payday loans come with a 1-year repayment term. So, there’s no need to worry about having to repay the entire loan a few weeks from acquiring it. 

Instalments can be made weekly, fortnightly, or monthly, depending on your requirements. The application process is based online, so you won’t even need to leave the house!

Based on our firsthand experience, to apply for a Perfect Payday loan, you just fill out a short application form and wait for a response from our team. The whole application process won’t take more than a few minutes.

If your application is approved before the clock strikes 3 PM, your chances of receiving your funds within the same day are pretty high. If your application is approved after 3 PM or on a weekend, you should receive your funds the following working day.

When you input the desired loan amount on Perfect Payday’s loan calculator, you’ll be presented the weekly, fortnightly, or monthly instalment you’ll need to make upon borrowing.

Sunshine Loans

direct money loans like teleloans

Whether you need a loan for car repairs, medical emergencies, bills, or holidays, Sunshine has got you covered. The lender has been running successfully since 1999. 

Bad credit score? No problem! Sunshine Loans offer small loans for borrowers having bad credit without any hassle or paperwork. You can learn more about their bad credit loans here

Our team discovered through using this product that, with Sunshine Loans, you can apply for loans ranging up to $2,000; small loans, to be specific. As you probably know, small loans are entirely fee-based and don’t come with an APR. 

Under current legislation, small loans are associated with an establishment fee of 20% or less, and a monthly fee of 4% or less. Be sure to check for registration of loan company before you borrow from them.

To qualify for a loan from Sunshine, you need to be receiving regular income. Further, any pay or benefits must be apparent in your bank statement. 

The application process itself is quite simple and shouldn’t take long to complete. You simply enter some personal and financial information and you’re good to go. 


high interest loans like teleloans

Based on our observations, CashnGo is one of the most popular loan providers in Australia, thanks to its fast, simple, and transparent application process. 

Another reason why CashnGo is so popular is that virtually anyone can apply for a loan as long as they’re receiving a regular income. 

There are two ways you can go about applying for a CashnGo loan. Firstly, you can opt for their online application, which shouldn’t take you more than a few minutes to complete. 

Secondly, you can head to one of CashnGo’s Self Service Kiosks for an in-person application. It’s worth pointing out that CashnGo’s kiosks are positioned very conveniently across Australia. 

CashnGo applications are processed very quickly. Once an application is approved, funds are sent within 30 minutes or less, assuming the application was approved during working hours. 

With CashnGo, you can apply for loan amounts ranging from $300 to $2,000. You can complete the loan repayment over 2, 3, or 4 months, depending on the loan amount. 

You’ll find CashnGo’s loan calculator to be extremely informative when it comes to learning about the fees and total cost associated with each amount. 

Since CashnGo only offers small loans Perth like wallet wizard, expect a 20% establishment fee and a 4% monthly fee. There’s no APR applied to such loans, according to current legislation. 


loans perth like teleloans

Nimble is a loan provider that needs no introduction. It’s one of the best when it comes to versatility, offering small cash loans, medium cash loans, personal loans, and car loans. 

Nimble’s funding system may not be as fast as Perfect Payday or CashnGo, but its versatility and flexibility make up for it. 

The small cash loans that Nimble has to offer range from $300 to $2,000 and have repayment terms ranging from 62 days to 8 months.

Their medium cash loans range from $2,050 to $5,000 and come with repayment terms from 62 days to 22 months. Nimble’s medium cash loans come with a one-off $400 establishment fee and a 47.62% APR.

Their personal loans range from $5,000 all the way up to $25,000, having an establishment fee of $195-$250 and an APR of 8.99-29.99%, depending on the borrowed amount. Term duration ranges from 6 to 48 months. 

Lastly, their car loans range from $5,000 to $50,000. Such loans come with a term duration of 6-84 months, an establishment fee of $195-$495, and an APR of 6.99-27.99%.

Please bear in mind that in order for you to qualify for a Nimble loan, you can’t be receiving more than 50% of your income from Centrelink benefits. Visit Nimble’s website to learn more about high interest loans like Nimble.

Money Plus

loan like teleloans

With 20 years of service under their belt and 12 branches across the country, Money Plus is a well-established, family-owned lending business. 

To acquire a loan from Money Plus, you can apply online for a loan amount ranging from $100 to $2,000. The online application process is quick and easy. 

If you need more than $2,000 in funds, you can head to one of their 12 branches and apply for a loan ranging up to $6,000. Click here to find your nearest Money Plus outlet. 

To qualify for a Money Plus loan, you must be employed and receiving more than $250 a week. To add, your income must be paid electronically into your bank account. 

One of the reasons why Money Plus is one of the most favoured loan providers in Australia is their super fast approval. Further, they consider all purposes as well as borrows with bad credit.

Final Thoughts

There you have it; the best alternatives to Teleloans. Note that there are many other lenders that are great alternatives to Teleloans, but the ones in this list are simply the upper echelon. 

If you’re going to borrow money from a lender not mentioned on this list, make sure they’re listed with the Australian Securities and Investments Commission (ASIC). 

Also, bear in mind that there’s no such thing as guaranteed approval. Any lender that advertises guaranteed approval is most likely running a scam and should be reported to the ASIC. 

About the Author

Lucy has over a decade of experience in finance. She is currently the content curator here at Perfect Payday.

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