Sometimes life throws curveballs at you and you find yourself stuck between a rock and a hard place. Financial hardship can cause a lot of stress and leave you feeling overwhelmed. Spotter Loans is here to help with our services and a range of instant same day loans to help you navigate your finances.

We offer flexible repayment plans for our same day online cash loans to ensure you can find a solution that best fits your unique situation. Talk to our team to find out what the best and most convenient type of loan for you.

Here are some of the loans that are available to our Melbourne customers.

Payday Loans

Payday loans are small cash loans that are typically used for unexpected expenses. For example: forgotten bills, car repairs, medical expenses and more. If you are in a situation where you feel a little extra cash can help you get through the week, this is where small payday loans can come in handy.

At Spotter, we offer fast and flexible small payday loans that go from $200 – $2000.

Cash Advance: Short Term Loans

Cash advance loans are short term loans where a small amount of cash is borrowed and repaid over a few weeks. If you need instant cash for the moment but can repay fairly quickly this can be a good option for you. Generally, the repayment term is 4-6 week, but flexible loan terms might be possible when we conduct your assessment.

Talk to our team to find out more about short term loans and if a cash advance will be most beneficial to your situation.

Bad Credit Loans

if you are worried about bad credit and need car loans or personal loans: Spotter can help you out. We can offer you small or instant cash loans despite having a low credit rating, outstanding defaults or multiple defaults. We will still look into your credit rating but will take into considerations other factors when assessing your application for the loan.

Flexible & Fast Loan Options in Melbourne with Spotter Loans

We are a partner those in Melbourne can rely on when looking for ways to ease off financial burdens. Talk to our team to learn how our fast cash loans can help. If you have any questions or queries, don’t hesitate to contact us on 1800 776 863 or submit an online enquiry and we’ll get back to your promptly.

You can even view our fees statement here and if you are ready to submit and application, simply click the apply now button.

Apply to borrow up to $15,000 now!

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Here’s what a loan might look like

Here’s what a small loan might look like…

You’re after a loan for $1,000 for medical or dental bills. Your are looking to repay the loan back after 6 months and are happy to make fortnightly payments.

Small Loan Example

$1,000
Loan Amount
13 X $110.77 = $1,440.00
RepaymentsPer FortnightTotal Payments
Loan length: 26 weeks

In the above example You’ll pay:

  • Loan Amount Financed: $1,000
  • Establishment Fee: $200 (set by NCCP at 20% of the loan amount)
  • Monthly Permitted Fee: $40 per month charged on the anniversary of the loan
  • Amount of Credit of the Loan: $1,240
  • Total Amount of Interest Payable: NIL
  • Direct Debit Fees: $25.74 ($0.99 per transaction)
  • Total amount of repayments: $1,440.00
  • Nominal Percentage Rate (Interest) per annum: 0% as defined by NCCP

Comparison Rate: 160.0571% as defined by NCCP

Here’s what a medium loan might look like…

You’re after a loan for car repairs for $2,500 and are looking to make payments back on a weekly basis over 2 years.

Medium Loan Example

$2,500
Loan Amount
104 X $43.19 = $4,490.88
RepaymentsPer WeekTotal Payments
Loan length: 104 weeks

In the above example You’ll pay:

  • Loan Amount Financed: $2,500
  • Establishment fee: $400 (Set by NCCP)
  • Amount of Credit of the Loan: $2,900
  • Total Amount of Interest Payable: $1,590.86
  • Repayments: 103 x $43.19 + $42.31 (a final payment)
  • Total amount of repayments: $4,490.88
  • Nominal Percentage Rate (Interest) per annum: 48% as defined by NCCP

Comparison Rate: 65.5138% as defined by NCCP

WARNING: This comparison rate is accurate and applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

See our full Fee Statement for fee details.

“These examples are provided for illustrative purposes only. They do not represent an offer from Rate Detective Pty Ltd. A Spotter Loan is subject to the completion of an application, which is subject to responsible lending checks that take your personal needs and financial circumstances into account.”

For loans under $2000 the minimum repayment term 90 days, maximum repayment term 12 months.