Payday loans in Australia – what a mess. Establishment fees, don’t get me started. High interest fees. Credit checks. Slow service. Limited storefront hours. Tha payday loan industry has been taking advantage of Australians with short term loans that take money that is rightfully earned away from them. That’s why Hammock is launching. Hammock is a simple concept, the Hammock app gives $200 short term payday loans for Australians, for a flat rate $10 a month.
It’s that simple. Get up to $200 of your paycheck early. Absolutely no interest. Establishment fees isn’t a word in our vocabulary. The price to use the app is a flat rate monthly fee. Think of it like an HBO subscription. $10 flat rate, every month. 
Short Term Loans
Once you take a short term cash advance with Hammock, we track your next payday and automatically back the $200 on your next payday. No need to worry about losing track or about late fees (not that we have late fees!).
So how does the app work? First, download the Hammock app on the Australian Play Store or Apple App Store. Once you’ve downloaded the app, Hammock asks you to connect your bank account. Hammock works will your bank to establish a connection. The app connects to all major Australian Banks (National Australia Bank, Commonwealth Bank, Westpac, Australia and New Zealand Banking Group) as well as local and regional banks like Heritage bank and CUA.
After your bank connection is established, following Consumer Data Standards, the app gives you our best guess of who you work for and how often you’re paid. We might say “Looks like you work for AGL and get paid twice a month on the 1st and the 15th. Or, we might say, “Looks like you work for the Greater Victoria Teachers’ Association and get paid fortnightly, every second Thursday”. If our prediction is incorrect, you can fix it in the app.
After who you work for and your pay cycle is settled, you select how much money you need for your short term loan. Hammock is completely flexible around what your money needs are. Need a $50 short term cash loan? Select $50, and we’ll send it to your bank account. Need $75, because you have an expense that is exactly $75. Go for it! We’ll send it to you right away!
The Hammock app’s short term cash loans are flexible and built to bridge the gap between paydays because we know just how tricky managing expenses can get.

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