Same Day Loans

  • Apply Online by 1pm AEST

  • Get a decision within 2 hours

  • Funds in your account the same day

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What is a same day loan?

A same day loan is a small personal loan designed to provide access to funds as quickly as possible. Submit your application online before 1pm on a standard business day, and if approved, your bank may process the transfer of funds in time to arrive in your account the very same day. It’s less about how fast we assess and more about working within the cut-off windows banks use to settle payments – get your application in early enough, and the rest takes care of itself.
If you’re not chasing a specific same day deadline, our fast loans and weekend loans pages cover approval speed and application simplicity in more detail.

Why get a same day personal loan?

Sometimes, you’ll be hit with expenses that you can’t put off until tomorrow, but aren’t a serious emergency either. It may simply be a deadline that lands today, and it’s times like these when a same day loan really comes in handy. Common reasons to apply might include:

  • Covering upfront costs for home repairs, such as paying a tradie before work begins.
  • An unpaid bill that needs to be settled today to avoid service disconnections or late fees.
  • A deposit on a wedding dress that has to be paid before the close of business.
  • Funds to cover the bond ASAP on a possible new rental property. 

 

Applying for a same day personal loan with Red Tree Finance is easy. Submit your application before 1pm AEST from anywhere, on any device. It’s free to apply, 100% online, and designed to provide an assessment-based decision (and the funds if approved) before the day’s out.

How our same day loans work

Applying for a personal loan with a bank at a branch can sometimes take weeks to process. At Red Tree Finance, we’ve built our same day loan application process around the bank transfer cut-off times; this can determine whether the transfer of funds for an approved loan will clear today or tomorrow. That means the earlier you apply, the more likely your funds will land on the same day.

Local loan assessors

Red Tree Finance doesn’t use offshore processing centres. All loan applications are reviewed right here in Australia by human assessors. So, you know that we’ll give you a fair go based on the information we require you to provide.

No long waits

To offer same day loans to borrowers, our experienced team of loan assessors aims to review your application and provide you with a decision within two hours. This means no long waits, less stress, and quicker access to funds for all Australians.

Pay when you’re paid

Inflexible loan repayment schedules often cause more stress than not having the cash you need in the first place. That’s why we set your repayment schedule to coincide with your payday (weekly, fortnightly, or monthly payments) and hopefully take some of the pressure off.

Commitment to responsible lending

At Red Tree Finance, we are 100% committed to responsible lending. That means we’ll never approve you for a loan that we don’t believe you can repay. If you apply and get approved for a same day loan, you can rest assured that your repayments will be affordable.

Am I eligible to apply for a same day cash loan?

You are eligible to apply for a same day loan if you:

Eligibility Criteria

  • Are at least 18 years old

  • Are you a permanent resident of Australia or valid visa holder

  • Own an unencumbered vehicle registered in your name

  • Have been employed for at least 3 months

Transparent loan rates and fees

In addition to quick loan approvals, Red Tree Finance’s same day loans also come with no hidden fees and charges. All your same day loan information is listed below.

Online cash loan amount

$2,300 - $5,000

Application Fee

$0 (even if your application is not approved)

Standard establishment fee

$400

Other Fees

$20 (included in loan)

Annual Interest

47% (Comparison Rate 65.9%)*

Loan term

12 Months

Flexible repayment options

Weekly, fortnightly or monthly (based on your payday)

Direct debit dishonour fee

$35.00 debit dishonour fee may be issued if a scheduled payment is missed or returned unpaid

How to get a same day loan online

Our easy 3-step cash loan process starts with your online loan application. Be sure to apply before 1pm AEST for the best chance at a same day loan approval and funds transfer.

01.

Complete your application online in less than 5 minutes.

02.

A member of our assessment team will personally review your application.

03.

Once reviewed, you’ll receive your outcome within two hours of submitting your application.

The information provided here is of a general nature and is provided without considering your specific objectives, financial situation, or needs. It is intended for informational purposes only and should not be relied upon as financial, investment, or other professional advice.

Before making any financial decisions or taking action based on the information presented, you are strongly encouraged to assess its appropriateness in light of your individual circumstances. Red Tree Finance does not intend to provide personalised financial advice, and you should seek independent financial, legal, tax, and other relevant advice tailored to your unique situation.

How much would you like to borrow?

Loan amount

$3,000
$2,300
$5,000

Repayment frequency

Your monthly repayment

$0
Loan term
12 months
Interest & Fees
$0
Total to pay
$0
Get your loan

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. The above uses a comparison rate of 65.9% and upfront establishment fees of $420.

Frequently Asked Questions

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For the best chance of your loan application being assessed and possibly approved on the same day, apply before 1pm AEST on a business day. This provides our local, human assessors with ample time to review your application and also gives your bank or financial institution a sufficient window to process the transfer before their daily cut-off.

Responsible lenders will never be able to provide you with instant cash, as various checks and procedures need to be performed to ensure you can afford the loan repayments. That said, it is possible to apply for a same day loan with Red Tree Finance and receive the funds before the day’s end.

Banks don’t process transfers on weekends or public holidays, so applications submitted on these days are typically assessed the same way but funded on the next business day.

The most common reason is applying after your bank’s daily transfer cut-off, even if your loan was approved well within our two-hour window. Approval speed and bank processing speed are two separate things; we control the first, your bank controls the second.

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What our customers say

Hear from customers who have been helped by Red Tree Finance.

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Thank you very much, I can't tell you how much you've helped me out today. I've been stressing all afternoon about having to pay for the repair and using all of our safety net, now we don't need to. I dealt with Kayla and she was wonderful. Thank you!
Damien R, QLD
Red Tree was really good in understanding and service was great and pretty quick as well.
Holly F, Perth
Great company to deal with. Response time was amazing. Would highly recommend. Thank you
Lauren F, Melbourne
Easy application and very responsive to questions and concerns
Bella T, Adelaide
Very helpful and patient staff, helped me with sending them photos of my ID. High recommend
Jane L, Sydney
Excellent Service, A+++++. Money was in my bank account within an hour
Adam S, Wagga

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