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Loans Like Wallet Wizard

When people require money, they often turn to loans. These loans can be helpful, but this may not always be the case—loans like Wallet Wizard help find the right loan for you and your situation.

Do you have a student loan that is due to expire? If so, do not panic. Wallet Wizard can help you find the best interest rate for your needs. The great thing about loans like Wallet Wizard is that it doesn't matter what type of credit score you have, as long as you've never declared bankruptcy or had any other adverse credit event in the past 2 years. That means people with fair credit scores will be able to take out loans and save money!

About Wallet Wizard

Wallet Wizard is a loan provider in Australia with loans between the range of $500-$5,000. The repayment term is flexible, as the lender's Smart Loan product is actually a line of credit. This means borrowers are approved for a maximum credit limit, and they can withdraw funds to the required extent. The company behind the lender is called Credit Corp Financial Services. 

How Much Does A Wallet Wizard Loan Cost?

Wallet Wizard charges an APR of 47.8%. A late fee of $10 is charged in case a direct debit request is reversed. 

Apart from these costs, the lender does not charge any other fees to its borrowers. 

The total cost charged to the borrower depends upon two factors: the amount borrowed and the repayment term. Borrowers can choose to make weekly, fortnightly, or monthly repayments. However, both of these factors do not have a major impact on the cost.

The following table illustrates the costs that a borrower would have to bear if they decide to take out a Wallet Wizard smart loan. 

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Key Features

A Smart Loan from Wallet Wizard has the following characteristics:

  1. Available loan limit ranges between $500-$5,000.
  2. The loan term is flexible, as borrowers have the ability to borrow again from the approved credit limit. 
  3. Borrowers need to make minimum repayments weekly, fortnightly, or monthly, depending on when they receive their regular income. This does not have much impact on the total cost that borrowers bear on a borrowed amount. 
  4. Borrowers are only charged on the amount that remains outstanding. 
  5. The lender allows early repayments with no extra fees. 

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Perfect Payday

Perfect Payday is on par with Wallet Wizard in terms of simplifying acquiring an online loan. In addition, our application process doesn't take more than a few minutes to complete. 

Perfect Payday offers borrowers the ability to acquire the best loans in Perth, ranging from $300 to $10,000 within the comfort of their homes. 

Additionally, we offer a generous repayment term of 12 months on all of our loans in Perth, like Teleloans. So, you don't have to worry about having to repay your loan too soon. You can make instalments weekly, fortnightly, or monthly, whatever works best for you.

Perfect Payday's loan application process is entirely online. You simply fill out an application form and wait for a response as to whether your application is approved or not. 

The entire application process shouldn't take you more than a few minutes to complete. To add, applications are processed pretty quickly. 

If you get approved before 3 PM, you'll get your funds within the same day. If you get approved after 3 PM or a weekend, the loan will hit your bank account on the upcoming working day. 

Upon entering the amount you'd like to borrow in Perfect Payday's loan calculator, you'll get a rundown of the weekly, fortnightly, or monthly instalments you'll need to pay. Quite convenient!


Popularity-wise, Nimble is hard to beat. Granted, it's not as fast as Perfect Payday, CashnGo, or Fundo, but it makes up for it with versatility and flexibility. 

With Nimble, you can apply for a small cash loan, medium cash loan, personal loan, or even a car loan, depending on the amount of money you're looking to borrow and the loan purpose. 

Small cash loans are ones ranging from $300 to $2,000. Such loans come with repayment terms ranging from 62 days to 9 months, an establishment fee of 20%, and a monthly fee of 4%.

Medium loans, in Nimble's case, range from $2,050 to $5,000. They come with repayment terms from 62 days to 22 months, a one-off $400 establishment fee, and a 47.62% APR.

Personal loans range from $5,000 to $25,000, and they come with a $195-$250 establishment fee, 8.99-29.99% APR, and repayment duration from 6 to 48 months. 

Last but not least, Nimble offers car loans that range from $5,000 to $50,000. They come with a 6-84 months term, an establishment fee of $195-$495, and an APR of 6.99-27.99%.

If you're receiving Centrelink benefits, bear in mind that you can only apply for a Nimble loan if your Centrelink payments don't make up more than 50% of your income. 

Nimble's application process is simple and easy, just as with the rest of the options on our list, but you may find it hard to navigate their website. There are just too many things going on there. 


Fundo is one of the fastest loan providers in Australia. Funds are sent almost instantly after application approval, assuming approval is granted during working hours. 

Like Sunshine, Fundo offers small loans ranging from $300 to $2,000, so you should expect to pay charges that consist of a 20% establishment fee and a 4% monthly fee. Unfortunately, there's no annual percentage rate associated with small loans under current legislation. 

Fundo's loans are spread on repayment terms that range from 5 to 20 weeks. The application process is straightforward. 

Please note that to apply for a Fundo loan, you need to sign up on their website, which will require you to have an active phone number to receive your verification code.

If you have a bad credit history, don't worry; Fundo will still consider your application. They do run credit checks, but it plays a minor role in their decision making, so don't let your credit score discourage you. 

Sunshine Loans

Sunshine Loans is another big-name loan provider that has been around since 1999. If the purpose of your loan is to pay for car repairs, bills, medical emergencies, or others, Sunshine has got you covered. When you see it on, you should know a fake loan offer, so research any loan company before you borrow from them.

Suppose you're having difficulty acquiring a loan from a traditional lender like a bank or credit union due to bad credit history. In that case, Sunshine Loans are willing to work with you without complete eligibility terms or paperwork. 

Sunshine Loans offers borrowers the ability to apply for small loans ranging up to $2,000. As with all small loans, expect to pay a 20% establishment fee and a 4% monthly fee. However, small loans are completely fee-based, so there's no annual percentage rate associated. 

Sunshine's eligibility requirements are pretty simple. You need to be receiving a regular income, and any benefits that you may be receiving must appear in your bank statement. That's it. 

Like all the lenders on our list, Sunshine Loans has an online application process that won't take you more than a few minutes to complete. No paperwork or financial documents are required to fill the application. You just provide some personal and financial information. 

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Frequently Asked Questions About WalletWizard

Are there any credit checks? Wallet Wizard is a responsible lender, so yes, we perform a credit check. But don't worry. We take all of your information into account when deciding, so if your credit history is a little shaky, don't despair. Instead, apply for a Wallet Wizard Smart Loan now to see if you qualify.

Who is Wallet Wizard? Wallet Wizard is part of the Credit Corp Financial Services family. We are an innovative lender that utilises many years of experience in the financial services industry to deliver a range of products sought after by customers from all over Australia.

s Wallet Wizard a payday lender?

Wallet Wizard is NOT a Payday loan.

"A Payday loan (also known as small amount credit contracts or SACCs) are high-cost fast loans of up to $2000 paid back over 16 days to 12 months.

Easy repayments, exceptional support

Our clever loan engine ensures that your repayments fit in with your income and your financial commitments – we make it as simple as possible. So don't do things the old way, and Wallet Wizard makes getting a Smart Loan as easy as 1-2-3.

How to apply for a WalletWizard personal loan?

  • Choose your credit limit.
  • Complete the online application form.
  • Provide contact details and identification.
  • Submit your application and wait for a response.
  • Read your contract carefully.

Pros and Cons

Borrowing from Wallet Wizard has the following pros:

  1. Fast application process requiring only a few minutes to complete
  2. The lender offers lengthy loan repayment terms, making it easier for borrowers to afford loan repayments when they become due. 
  3. Borrowers can take out loans as small as $500.
  4. In case a borrower wishes to redraw from the loan, they can do so without requiring any additional approvals (up to the approved credit limit). 

accountants desk with computer

The services being provided by Wallet Wizard have the following cons:

  1. An APR of 47.8% is charged on all Wallet Wizard loans, making the loan service quite expensive. 

Short-term loans, sometimes called cash loans or quick loans, are a high-cost borrowing option. Because their fees and interest rates tend to be very high, borrowers should be wary. In addition, using short-term payday loans could put borrowers at risk of an ongoing cycle of debt that is difficult to overcome.

WalletWizard personal loans, called 'Smart Loans,' do not charge establishment or ongoing fees but do charge a high-interest rate and late fees. As a result, the interest rate is much higher than those of standard personal loans. In addition, the longer it takes for a customer to pay off the balance, the more interest customers will pay.

Although WalletWizard performs a credit check on applicants, bad credit borrowers may still be approved. WalletWizard serves various customers, but customers should be comfortable with their loan and customer service operating entirely online.

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