Cash Loans Australia; a review of 10 suppliers
Cash loans, also known as short term or payday loans, are offered to individuals who want quick cash to pay for immediate needs without any collateral or going through the long negotiation process of getting another type of loan. These loans are usually only available in small amounts of money; ranging between $50 to $2,000. Creditors will charge a processing fee of around 15 to 20 percent of the total amount borrowed, and the money must be remitted on the agreed date. The following article, Cash Loans Australia; a review of 10 suppliers will take you through 10 possible suppliers you could go to. Here are 10 options to consider:
Ferratum can help you deal with any financial situation by offering short term loans, ranging from $100 to $1000. Their loan terms come in 16, 22, 30, and 32 days, so you will never get stuck in long-term debt. The length of your loan term will be determined based on your borrowed amount, as well as your pay cycle.
You can apply online with your basic ID, banking details, and your desired loan amount. Ferratum’s automated system will immediately inform you whether you have been approved or not. After verifying your details, your loan can be processed in under 60 minutes and you are ready to go with your cash.
Credit24 can offer personal cash loans from $300 up to $5000, with up to 12 months of repayment terms, depending on your borrowed amount. The company, however, only accepts applicants who are Permanent Residents of legal age. You only need to present your residential address, but the amount that you can borrow is largely dependent on your personal information. Your funds will be sent right after your loan gets approved.
Swift Loans processes all applications online. Simply provide proof of age or a driver’s license to complete your application, and you can get your money in under 60 minutes once you have been approved. You can borrow from $200 up to $2000, as long as you are at least 18 years old, working, and an Australian resident. There is also a 20 percent application fee, and a maintenance fee of about 4 percent per month.
Rapid Loans allow you to apply for a cash loan between $2000 and $10,000. The application process is done online, and your funds will be sent within the day once you have been approved. Rapid Loans also boasts of a completely online business, meaning it can process applications faster than traditional providers. If you have a bad credit history, the company will make sure to look beyond your credit score to help you find a suitable solution.
MoneyMe offers short-term cash through a simple system that allows you to pay for your immediate needs in no time. The company does not require any paperwork, and the online application process usually only takes five minutes. Your borrowed money will be sent to your account in under 60 minutes once approved.
You can borrow between $200 and $2000, and pay based on your preferred pay cycle. MoneyMe will arrange direct debits on your payday, but will send you a reminder before that date. The company also uses a safe method of obtaining your bank statements, and ensures utmost security for your personal details.
Fair Go Finance
Fair Go Finance offers fixed cash loans between $500 and $5000. If you want to borrow more than the maximum offered amount, the company can source loans by acting as a broker. The interest rate ranges from 0 to 29.9 percent. There is a monthly fee, but no early repayment fee.
If you have a bad credit record, Fair Go Finance may be able to help you apply for a loan. It can also arrange direct debit payments from your account, based on the agreed payment cycle. The loan application process includes matching your situation to a specific amount, ensuring that the approved sum will be beneficial to your current state.
ClearCash allows you to qualify for their quick cash loan if you have been receiving government benefits, have had a loan default on file, or are or have been bankrupt. You can borrow between $100 and $3,000, depending on your current situation and financial needs. ClearCash also lets you choose a loan term of up to 36 months.
The application process is easy. Simply present your banking statements or details for the past 90 days, your proof of identification, your bank account number, and credit details or contract indicating any amount repaid in the last 90 days. Your cash will be in your account within an hour after you have been approved.
Cash Converters works on loan applications within 24 business hours after receiving all the requirements. You can apply in-store or online, whichever is more convenient. The company also accepts non-residents for the Cash Advance loan, but only approves Australian residents for the Personal Loan. If you have been in a 9 debt agreement, Cash Converters will evaluate your application, as long as it has been discharged. The company offers loans from $100 up to $2000.
Loan Range offers cash loans, ranging from $200 to $1,000. First time borrowers, however, can only borrow up to $250. Borrowers will be eligible to apply for another loan after successfully repaying the loaned amount.
Non-first-timers will also automatically be a member of the Loan Ranger Club, where they can apply for a new loan at a lower monthly fee. If you have a bad credit record, the company will not immediately increase your interest rate or shoo you away. Loan Ranger will still find a way to help you find a financing solution.
Payday24/7 runs under Ferratum Australia. It offers short term cash loans of up to $1,000, with loan terms coming in 16, 22, and 32 days. You only need to complete the online application process by providing your banking details, basic ID, and desired loan amount. The website’s automated system will instantly give you a decision whether you have been approved or not. This company does not conduct credit checks, so you can easily get your cash in no time!
Cash Loans Australia: Instant Money for Emergency Payments
Cash loans basically serve as a quick way to pay for emergency needs. You only need to present some basic personal information and a postdated check, and then you almost instantly receive your cash. Before entering a cash loan agreement, you need to make sure that you have understood every item on the contract to avoid inconvenience in the future.