What is LazerMoney and how do its loans work?
LazerMoney is a Sydney-based online lender that specialises in small cash loan products. Although it advertises both small (loans up to $2,000) and medium loans (over $2,000, up to $5,000) on its site, the minimum you can apply for as of October 2025 is $2,050. The breakdowns of each of these loans are as follows:
Loans up to $2,000
- Loan terms: between 63 and 90 days.
- Establishment fee: 20% of your loan amount.
- Monthly fee: 4% of your loan amount.
- Cost example: for a $1,000 small loan repaid monthly over three months, you would incur a $200 establishment fee and a $40 monthly fee, resulting in a total loan cost of $1,320.
Loans from $2,050 to $5,000
- Loan terms: between 63 days and two years.
- Interest rate: up to 48.00% p.a.
- Establishment fee: $400.
- Cost example: for a $3,000 small loan repaid monthly over 12 months, you would incur a $400 establishment fee and total interest of $947, resulting in an overall loan cost of $4,347.
Applying for a loan with LazerMoney right now is only suitable if you’re looking to borrow $2,050 or more and need to take at least two months to pay off your debt. If you’re in a situation where you need less than that and/or want to pay off your loan over a shorter period, you can apply for a small loan through Savvy and be connected with one of our partnered lenders.
What are LazerMoney’s eligibility criteria?
LazerMoney’s eligibility criteria are as follows:
- You must be 18 years of age or older
- You must be an Australian citizen
- You must have an Australian driver’s licence or Medicare card
- You must be earning a regular income (solutions for low income earners may be available)
- You must be able to provide 90 days’ worth of statements from an Australian bank account
What are other loans like LazerMoney?
The products offered by LazerMoney aren’t unique, as there’s a range of lenders offering loans with the same fee structures. That’s because the fees and term lengths on loans up to $2,000 and loans between $2,001 and $5,000 are capped by Australian Government legislation. Some other lenders offering similar loans include Fundo, CashnGo, and LastMinuteLoan.
Savvy is also partnered with several small cash loan providers to help our customers access the funds they’re looking for quickly. Simply fill out our quick online form, receive an instant outcome in 60 seconds and have your application approved and funded as soon as the same day you apply.