This will depend on the lender you are applying to, but you can take out multiple payday loans at once. However, you may find the screening process is more thorough the second time around because lenders are required by the Australian Securities and Investments Commission (ASIC) to put further checks and balances in place for those applying for multiple loans, as it's a sign they're under severe financial stress and may have trouble paying the money back. It is strongly recommended that you reconsider taking out too many payday loans at once because doing so can quickly lead to your debt spiralling out of control.