Generally a Short Term Loan is a loan – usually of a small amount – that is repayable over a short amount of time. These loans can be handy when an urgent, unexpected expense suddenly occurs requiring quick action.
This is not to be confused with at Short-Term Credit Contract which is a loan of $2,000 or less with a term of 15 days or less. Short-Term Credit Contracts are prohibited under Australian Law and are not available through our network.