Short-
Term
Loans
Borrow $500 to $5,000 when life throws a curveball.
Clear fees, fixed repayments and real people reading every application.
*Subject to lending criteria and T&Cs. Approval is not guaranteed. Visit our Policy Centre for more details.
What Is a Short-Term Loan?
A short-term loan is a personal loan you pay back over months, not years. It's built for a one-off cost you can clear quickly, like a car repair, a vet bill or an urgent bill that can't wait for payday.
At Jingle, short-term loans come in two sizes:
- Small loans, $500 to $2,000, repaid over 3 to 12 months. These are small amount credit contracts (SACCs), and the law caps exactly what lenders can charge.
- Medium loans, $2,001 to $5,000, repaid over a longer term for bigger one-off costs.
Both are unsecured, so you don't need to put up your car or anything else as security. Both have fixed repayments that line up with your pay cycle, whether that's weekly, fortnightly or monthly.
How Much Does a Short-Term Loan Cost?
No surprises, just the numbers. Here's exactly how Jingle prices short-term loans:
Small loans ($500 to $2,000)
- Establishment fee: 20% of the amount borrowed
- Monthly fee: 4% of the amount borrowed, with no interest
- Early repayment fee: none
Medium loans ($2,001 to $5,000)
- Establishment fee: $400
- Interest: 47.6% p.a. (comparison rate 69.04% p.a.)
- Early repayment fee: none
Representative example (small loan): Borrow $1,000 over 6 months with weekly repayments. You'll pay a $200 establishment fee and $240 in monthly fees, so $1,440 in total, or 25 weekly repayments of $57.60.
Comparison rates are true only for the examples given and may not include all fees and charges. See our borrowing and loan costs page for full representative examples.
Jingle tip: with a small loan, every extra month adds another 4%. Choose the shortest term you can comfortably afford and you'll keep the total down.
Is a Short-Term Loan Right for You?
We'd rather be straight with you than sell you something that doesn't fit.
A short-term loan can make sense if:
- You've got a genuine one-off cost, like a car repair, a medical or dental bill, or a bond
- You can comfortably repay it within the term without going short on rent, bills or groceries
- You've checked cheaper options first
It's probably not the right fit if:
- You need money for ongoing living costs or to pay off other loans
- Your income is mostly from Centrelink
- You're already behind on other repayments
Before you borrow, check free and lower-cost options. Many utility and phone providers offer payment plans. The No Interest Loan Scheme (13 64 57) offers no-interest loans for essentials if you're eligible. And the National Debt Helpline (1800 007 007) offers free, independent financial counselling.
Who Can Apply?
To apply for a Jingle short-term loan, you'll need to:
- Be 21 or older
- Be an Australian citizen or permanent resident
- Have been employed (permanent full-time or part-time) for at least 3 months, with regular, verifiable income
- Have a fixed residential address, an active email and a mobile number
- Have online banking in your own name
- Not be currently bankrupt
Government benefits like Centrelink must sit within our lending criteria, and workers' compensation, WorkCover and income protection payments aren't accepted as eligible income.
How to apply in 3 steps
- Apply online in minutes. Tell us how much you need and a bit about your income and expenses, and securely share your bank statements.
- A real person reviews it. Our smart technology does the heavy lifting, but a real person on our team reads every application.
- Sign and get your funds. Once your contract is accepted and final approval is complete, we send your funds. Customers with PayID-enabled banks may receive funds within 60 minutes during business hours.
Why Aussies Choose Jingle
- Real people read every application. You're not just a credit score to us.
- Clear costs upfront. You'll see every fee and your total repayment before you sign anything.
- No early repayment fees. Pay it off sooner and you won't be penalised.
- Australian and licensed. Jingle Finance Pty Ltd holds Australian Credit Licence 388143.
- Help if things change. If you hit a rough patch, our hardship team is here to work out a plan with you.
Life has other plans. Your loan won't.
Frequently Asked Questions About Short-Term Loans
Credit provided by Jingle Finance Pty Ltd ACN 132 485 066 trading as Jingle Loans, Australian Credit Licence 388143, to approved applicants only. Terms, conditions, fees, charges and eligibility criteria apply. Comparison rates are true only for the examples given and may not include all fees and charges. Approval is not guaranteed.
