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Payday Loan Australia
When you are in a bind and need money fast, payday loans can be a lifesaver. However, payday loans can also be very expensive if you donāt do your research first. In this blog post, we will list the 8 best payday loans in Australia so that you can find the right loan for your needs. We will also provide information on how to apply for each loan and what to expect when you do. So whether you are looking for a short-term or long-term payday loan, we have you covered!
1. Credit24 Short Term Loan
| Key Services | Payday Loan Australia |
| Website | https://www.credit24.com.au/ |
| Address | 61-63 Great Buckingham St, Redfern NSW 2016, Australia |
| Phone | 1800 091 967 |
| info@credit24.com.au | |
| Operating Hours | 8am-8pm Monday to Friday, 9am-5pm Saturday and Sunday |
When you need fast cash, Credit24 is an online pay day lenders that allows you to choose when and how much you borrow. You may apply online anytime 24 hours a day, seven days a week, and there are several loan amounts to choose from. The funding will be in your account the next business day if you submit an application. There are no restrictions on your eligibility for Credit24, which means you can join if you get Centrelink payments and work, are self-employed or make a lower amount of money.
Key Differentiators:
- Loan terms up to 12 months
- Early payday loan repayments accepted
- Available to Centrelink borrowers
2. OZ Payday Loan
| Key Services | Payday Loan Australia |
| Website | https://www.ozcashloans.com.au/ |
| Address | 14 58/50 Ross St, Toorak VIC 3142, Australia |
| Phone | +61 1300 883 862 |
| customer-care@ozcashloans.com.au | |
| Operating Hours | 9am-5pm Monday to Friday, 11am-3pm Saturday and Sunday |
This is yet another Australian payday loan provider. Even if you have a poor credit, it will provide you with a short-term loan. You must be 18 years old or older, reside in Australia, and be employed at the time of payday loan application.
Key Differentiators:
- Easy To Apply
- Fast Approval
- Fixed Fees For Loans Up To $2k
3. Sunshine Short Term Loans
| Key Services | Payday Loan Australia |
| Website | https://sunshineloans.com.au/ |
| Address | 50 Cavill Ave, Surfers Paradise QLD 4217, Australia |
| Phone | 07 5526 8866 |
| sunshine@sunshineloans.com.au | |
| Operating Hours | 9am-4pm Monday to Friday |
Sunshine Loans offers short-term and emergency funding starting at $150 and going up to $2,000. You have the option of paying off your loan early without penalty if you want to repay it over 9 weeks to 14 weeks. This loan, like many others, charges a 20% establishment fee and monthly fees of $40. Sunshine Loans accepts applications from people with bad credit. If your income from Centrelink is less than half of your total household income, you may qualify for this loan.
Key Differentiators:
- Fast approval
- Low minimum loan amount
4. Fair Go Finance Small Loan
| Key Services | Payday Loan Australia |
| Website | https://www.fairgofinance.com.au/ |
| Address | PO Box Z5302, St Georges Terrace, WA 6831 |
| Phone | 1300 324 746 |
| info@fairgofinance.com.au | |
| Operating Hours | 6:30am-4:30pm Monday to Friday, 8am-12pm Saturday |
Small loans from $300 to $2,000 are available through Fair Go Finance. Customers can pay off the loan early without consequence and save money on interest rates. The term of the loan ranges from one month to a year, and repayments are determined by your earnings. However, you may not be able to get a waiver on your startup costs if your credit is bad.
Key Differentiators:
- Generous loan terms
- No security required
- Early repayments allowed
5. Jacaranda Finance Personal Loan
| Key Services | Payday Loan Australia |
| Website | https://www.jacarandafinance.com.au/ |
| Address | 1/349 Coronation Dr, Milton QLD 4064, Australia |
| Phone | +61 1300 189 823 |
| apply@jfloans.com.au | |
| Operating Hours | 8am-5pm Monday to Thursday, 8am-4pm Friday, 8am-12pm Saturday |
Jarandanda Finance provides a variety of loans with fast approval processes. You should anticipate to learn the outcome within an hour, and the money in seconds or a few hours, depending on who you bank with, after submitting your payday loan application. Centrelink users and those with bad credit are welcome to apply for a cash loan from Jacaranda Finance. Unlike traditional lenders, they evaluate applications on a case-by-case basis and base their choice on your ability to repay the loan.
Key Differentiators:
- Fast approval turnaround
- Loan term up to 9 to 24 months
- Bad credit also can be considered during credit checks
6. Safe Financial Small Loan
| Key Services | Payday Loan Australia |
| Website | https://safefinancial.com.au/ |
| Address | 17 Suter Street, Southport QLD 4215 |
| Phone | +61 1300 661 991 |
| Visit their website for more details | |
| Operating Hours | 8am-4:30pm Monday to Thursday, 8am-4pm Friday |
Loans are available with terms ranging from 22 weeks to 52 weeks, according to the size of the loan. You can repay the early loan without consequence, but it is costly. Your term for a $1,000 loan will be between 22 and 31 weeks, with an establishment fee of $200 and a monthly charge of $40.
Key Differentiators:
- Early repayment fees option
- Flexible loan terms
- Same day funding
7. Nimble Short Term Loan
| Key Services | Payday Loan Australia |
| Website | https://nimble.com.au/ |
| Address | 12-14 Marine Parade, Southport QLD 4215 |
| Phone | 133 156 |
| customercare@nimble.com.au | |
| Operating Hours | 9am-5pm Monday to Friday, 9am-1pm Saturday |
A modest loan is a short-term or payday loan from Nimble. You can borrow money up to $2,000. The length of the loan term ranges from 62 days to 9 months. You will be charged standard payday lending costs including an establishment fee of 20% of the total amount borrowed, as well as a monthly charge of 4%.
Key Differentiators:
- Straightforward application process
- Quick turnaround time of 1 hour ā conditions apply
- Loan terms 62 days to 9 months
8. Ferratum Cash Loans
| Key Services | Payday Loan Australia |
| Website | https://www.ferratum.com.au/ |
| Address | 152 St Georges Terrace, Perth WA 6000, Australia |
| Phone | +61 1300 433 772 |
| customercare@ferratum.com.au | |
| Operating Hours | 7am-7pm Monday to Friday |
Ferratum provides short-term and payday advances up to $1,900. Standard payday loan fees are charged, including a 20% establishment fee and a monthly charge of 4%. Customers are allowed to select terms ranging from three to twelve months on their loans. Loans are also accessible to people who apply for Centrelink benefits. You can submit an online application form or through your smartphone. The processing time is rapid, and you could get
Key Differentiators:
- Long loan terms
- Available to Centrelink borrowers
- Variable loan terms
Payday Loan Australia
Payday loans Australia are a great option when you need money fast. The payday loan companies in Australia weāve listed provide quick approvals, same-day funding, and flexible repayment terms. So if youāre in a bind and need some extra cash, be sure to check out one of these payday lenders for the best rates in the country.
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Frequently Asked Questions
What is a payday loan?
A payday loan or cash advance is a short-term, high-interest loan that is typically due on your next payday. Payday loans are often used to cover unexpected expenses or to bridge the gap between paychecks.
How much do payday loan cost usually?
The cost of payday loans usually ranges from $15 to $30 for each $100 borrowed. This translates to an annual percentage rate (APR) of 400% to 800%. You may also be charged an origination fee, which is a one-time charge for taking out the loan. Other fees may apply according to your loan contract.
Are payday loans considered as unsecured loans?
Yes, payday loans are considered unsecured personal loan. This means that you donāt need to provide any collateral in order to receive a loan.
How would you know if the payday lender is legitimate?
One way to determine if a payday lender is legitimate is by checking if they are licensed and registered with the state. In addition, you can read reviews from other customers to get an idea of the lenderās reputation. Finally, be sure to understand the terms and conditions of the loan before signing any paperwork.
How long do online loan applications get approved?
There is no one definitive answer to this question. Some online loan applications may get loan approved within minutes, while others may take a few days or longer. It all depends on the lenderās processing time and the applicantās credit history.
Can you get payday loans online?
Yes, you can get payday loans online. The online lenders weāve listed offer quick approvals and same-day funding. So if you need money fast, they are a great option to consider.
Is it hard to get personal loans?
No, itās not hard to get a secured personal loan. In fact, the lenders weāve listed offer quick approvals and same-day funding. So if you need money fast, they are a great option to consider.
Can you get car loans from payday loan companies?
You may be able to get a car loan from a payday loan company. However, itās important to read the terms and conditions of the loan agreement carefully before signing any paperwork. Itās also important to understand that not all payday lenders offer car loans.
What is the difference between fixed interest rate and a comparison rate?
The difference between fixed interest rate and a comparison rate is that a fixed interest rate is the percentage of the loan amount that will be charged as interest for the entire loan term, while a comparison rate takes into account other fees that may be charged such as an annual fee or establishment fee.
Do you need to have high credit scores to be able to get payday loans?
No, you do not need to have high credit scores to be able to get payday loans. However, itās important to read the terms and conditions of the loan agreement carefully before signing any paperwork.
Do I need an Australian credit licence to get payday loans?
No, you do not need an Australian credit licence to get payday loans.
Are there any payday apps in Australia?
Yes, there are payday apps in Australia. The online lenders weāve listed offer quick approvals and same-day funding. So if you need money fast, they are a great option to consider.
What is a flat fee?
A flat fee is a type of commission that a salesperson or service provider receives for every unit of a good or service that they sell. Unlike a commission that is based on a percentage of the sale price, a flat fee is a fixed amount, regardless of the sale price.
Do pay advance apps work?
There is no one definitive answer to this question. Some pay advance app may get cash advances approved within minutes, while others may take a few days or longer. It all depends on the lenderās processing time and the applicantās credit history.
How do pay advance services work?
Pay advance services work by providing a short-term loan to help cover unexpected expenses or financial emergencies. The amount of the loan depends on the state you reside in, but typically ranges from $50 to $500. And unlike traditional payday and business loans, there is no need to provide any collateral. To apply for pay on demand services, you simply need to provide some basic information, such as your name, address, and Social Security number. The application process is usually quick and easy, and you can receive your funds within minutes of approval.
Does cash cash advance app integrate with your bank account or savings account?
This is a question that can only be answered by the individual payday loan company in question. Some payday loan companies may allow you to connect your bank account or savings account for easy repayment, while others may require that you repay your loan in cash. Itās important to read the terms and conditions of the loan agreement carefully before signing any paperwork.
