Payday Loans No Credit Check: Are They A Real Thing?

Payday loans No credit Check

What are payday loans?

Payday loans no credit check, what are they? Great question.

Traditionally, a payday loan is a loan taken out in advance of a paycheck and repaid with the next paycheck. This type of loan has since been made illegal in Australia, but there are other short term loan options that you could apply for.

At Safrock, we do not claim to partner with lenders who offer payday loans no credit check. Safrock is a lender finder pairing applicants with lenders that offer between $2,500 and $25,000. Our team partners with the very best lenders in the business so you get the best chance possible at approval. Got bad credit? We will still accept your application for a personal loan. The lenders we’ll match you up with will do their best to find you a suitable loan product.

What are payday loans no credit check?

Wondering what payday loans no credit check are? We know, it’s a mouthful. Essentially, a payday loan Australia no credit check is a relatively small amount of cash lent at a high rate of interest on the agreement that it will be repaid when the borrower receives their next wage.

These particular loan agreements are approved without conducting a credit score check. At Safrock, we do not partner with lenders who offer payday loans no credit check. Why you might ask? Our lending partners are proud to abide by the Australian Code of Responsible Lending. That means when you apply for a personal loan the necessary checks are completed to ensure a personal loan is suitable for your financial situation. At Safrock, we want to set our applicants on the road to financial freedom. Our team of lenders will never approve a loan product that can not be repaid.

How does a payday loan work?

If you’ve been googling ‘payday loans Australia no credit check’, ‘weekend payday loans no credit check Australia’, ‘small payday loans no credit check’ or ‘apply for a payday loan with no credit check’ then you’re probably wondering how a payday loan actually works.

To put it simply, a payday loan provides applicants with a high-cost, short-term loan. It is important that borrowers are aware that a high-cost short term loan can mean the actual amount to be repaid is much higher than the initial amount borrowed. A payday loan will usually be deducted straight from your next wage so it is important to ensure there is enough money in your account if you want to avoid possible fees or charges for late or failed payments.

What will a payday loan cost?

Although the exact fees and charges on a payday loan will vary from lender to lender, credit providers are regulated by the Government. Credit providers are only allowed to charge the following:

  • A one-off establishment fee of 20% (maximum) of the loan amount;
  • A monthly account keeping fee of 4% (maximum) of the amount loaned;
  • A government fee/charge;
  • Default fees/charges;
  • Enforcement expenses (these are the costs associated with court proceedings if you do not repay your loan).

You can head to the Australian Government’s MoneySmart website for more information on payday loans.

Can I get a payday loan on Centrelink?

Have you been googling ‘payday loans no credit checks Centrelink’? As mentioned previously, Safrock does not partner with lenders who provide payday loans no credit checks Centrelink. For lenders who do provide this particular type of loan product, the Australian Government has regulations in place to protect consumers. If an applicant receives at least half of their income from Centrelink, the repayments on all loans the applicant has must not exceed 20% of their income. If this criterion can not be met the applicant is not eligible for a payday loan.

Safrock urges borrowers to do their research before entering into any agreement, especially a contract for a payday loan no credit check Centrelink. There are a variety of different lenders out there offering a range of different products. Safrock cautions consumers to consider that if something seems too good to be true, it probably is. There are a variety of different borrowing options for low-income earners, including Australia’s No Interest Loan Scheme.

Alternatives to a payday loan

If you’ve been searching ‘online payday loans direct lenders only no credit check’, ‘payday loans no credit check no job verification’ or ‘payday loans online same day no credit check’ there are other alternatives:

No Interest Loan Scheme

Australia’s No Interest Loans Scheme (NILS) provides safe, fair and affordable loans for people on low incomes. No-interest loans are available for up to $1,500 and can be used to pay for essential goods and services. If you’ve been looking to apply for a payday loan no credit check, Safrock recommends the No Interest Loan Scheme as a reliable alternative.

How does the No Interest Loans Scheme work?

The No Interest Loans Scheme (NILS) is not a payday loan no credit check. NILS works through a process called ‘circular community credit’. That means when a borrower makes a repayment to NILS, the money is then available to someone else in the community.

What can I use NILS for?

Are you wondering what a no-interest loan can be used for? Check out the following:

  • Household items like fridges, washing machines, stoves, dryers, freezers and furniture;
  • Some medical and dental services;
  • Education essentials like textbooks and computers;
  • Some other essential items as requested.

Who qualifies for NILS?

In order to qualify for the No Interest Loan Scheme applicants must:

  • Have a healthcare/pension card or earn less than $45,000 a year after tax;
  • Have lived in their current address for more than 3 months;
  • All applicants must show a willingness and capacity to repay the loan.

How does NILS work?

The No Interest Loan Scheme makes it simple and stress-free for Aussies to access safe, fair and affordable loans. If you’d like to apply here’s what you’ll need to do:

  • Enquire – complete the form or call 13 NILS (13 64 57);
  • Interview – you will be required to bring the required documentation to a meeting with your local NILS provider;
  • Assessment – your local NILS provider will access your application;
  • Outcome – as soon as your provider has conducted an assessment on your application they will get in touch to inform you of the outcome. If your application has been successful, your provider will arrange the terms of repayment.


Safrock is the lender finder that more Aussies turn to. Our team is proud to be partnered with open-minded lenders. Got bad credit? Don’t sweat it. You’re more than welcome to submit an application. Our team will do their best to find a lender for the job. Our lenders do not base their decision solely on the result of a credit score check. We know there is more to you than your past – we’ve all made mistakes we aren’t proud of.

The best part is Safrock is 100% online. That means no long waiting lines at the bank or pages and pages of paper forms. Our team cut straight to the chase so you get the cash you need when you need it. Our application form could only take you a few minutes to complete – you won’t even have to get off the couch. So, what are you waiting for? Submitting an application is free of charge. If you apply during AEST business hours we could have an outcome for you in just 60 minutes!

Who can apply?

If you’re looking for a payday loans Australia no credit check then, unfortunately, we aren’t able to help you. If you’re looking for a reliable personal loan then we’re pleased to help! If you’re ready to submit an application, here are the criteria you’ll need to meet:

All applicants must be over the age of 18;
You must have received some type of regular income for the last 90 days into a bank account that is your own;
Applicants must have an active mobile phone number and email address that we can contact you on;
Internet banking must be set up.

What documents will I need to show Safrock?

  • Personal details like your online banking & employment info;
  • An active email address and mobile number;
  • The reason you are applying for the loan;
  • Employer and contact details.

At Safrock, we are on a mission to make fair and reasonable personal loans available to all Australians. In terms of documentation, we’ll only ask you to provide the basics. You won’t be required to submit any paper forms or fill out pages and pages of complicated questions. Here’s what we suggest you have handy whilst filling out a Safrock application form:

Will a possible lender call my boss?

If you’ve been googling ‘payday loans no credit check no job verification’ then we’re unable to help. Safrock does not partner with lenders who provide payday loans no credit check. We are proud to be part of a network of responsible lenders who always prioritise the consumer’s best interests.

When you apply with Safrock, a possible lender may conduct an employment check to verify some important details. There is no need to stress, this is just a part of the assessment process. Your privacy is always a top priority. None of your personal or private information will be disclosed to your employer – this includes the reason why you are seeking a personal loan. If you’ve got questions regarding employment checks we recommend you get in touch with your individual lender.

Why do I need to provide online banking details?

A possible lender might ask you to provide online banking details so they can access read-only copies of your bank statements. Bank statements give our lenders a realistic look at your current financial situation.

Safrock’s partner lenders will consider factors like income, spending habits and pre-existing financial commitments to determine whether or not a personal loan is right for your individual circumstances. There is no need to be concerned regarding security – your lender will never be able to see your real bank account. All of the lenders that Safrock partner with use the latest in safe banking technology to ensure your information is encrypted – that means no one will ever be able to see your personal information or passwords.

How can I apply?

Ready to apply? Safrock is proud to be making it easier than ever to submit an application for a personal loan. Here’s what you’ll need to do:

Apply online

Head to the top of this page and use the loan calculator to input your desired loan amount and the repayment period.

Fill out the form

If you’ve hit ‘apply now’ you’ll be directed to our 100% online application form. This could only take a few minutes to complete. We’ll just need you to provide us with some essential information that we can submit to our partner lenders.

We look for a lender

Once you’ve submitted your application you can kick back and relax – our team will do the hard work. We’ll submit your application to a variety of lenders who will do their best to match you with a suitable loan product.

Pick your lender

If we’ve been successful, the Safrock team will show you a list of possible lenders. All you need to do is pick the one that is right for you! Don’t stress, our team is here to help.

Sign your agreement

Once you’ve selected a lender you will receive an agreement to review and sign. The Safrock team recommend you read over your contract and make yourself aware of any fees or charges that could incur for late or failed payments. When you’re happy, simply sign your contract and send it back to us.

Get your cash

Once your new lender receives a copy of your signed agreement they will transfer the cash straight to your account. Thanks to instant banking, the money could be in your account in just 60 seconds (for NPP enabled bank accounts).