Payday Loans: A Quick Solution To A Financial Crisis in Australia
Are you worried about how you will get some fast cash to help in groceries in this festive season? Well, you are not alone. I’m here to show you how you will get a quick solution to your financial crisis in Australia.
Payday loans can be an excellent help if you need your cash fast to take care of an emergency. And you will always pay during your next paycheck. Does that sound appealing?
Well, before I show you where you can get payday loans in Australia, I will take you to understand payday loans briefly
What Are Payday Loans?
Are you looking for little cash that you will pay back in 16 days after your paycheck lands, then you must start thinking about payday loans? First, however, you better be prepared for the abnormal interest rates, which are incredibly high.
Still, if you can manage to pay the loan in two weeks, well and good. However, if you cannot stick to that repayment plan, be alert! It could be a possible debt trap.
However, I like the Australian government. It has passed rules that payday lenders should not charge interest rates. In addition, the government has only allowed lenders to charge an establishment fee of 20% and a monthly can’t rate fee of 4%.
Therefore, Australia stands out in the payday loan market. The borrowers are secure ad they don’t fear getting these loans.
Where to get a Quick Solution To a Financial Crisis in Australia
This lender can help you with 1 hour cash loans very quick funds Australia no credit check starting from $300 to $2000. And the repayment time starts from 16 days and doesn’t exceed one year.
Cash Cloud lenders follow the rules. Therefore, they will only charge a processing fee of 20% and a monthly fee of 4%. When you apply for the cash, the lender will release your funds ready for use in one hour. Hence they are fit for emergency needs.
However, they won’t charge you early repayment fees or the remaining 4% if you repay your loan early.
This lender will give you a payday loan starting from $300 to $2000 with a maximum repayment term of 12 months. This lender still follows the government guidelines. Therefore, they will only charge you a 4% monthly and a processing fee of 20% of the loan amount.
However, this lender will approve your loan within 24 hours. Therefore, this might not be the best choice if you have an immediate need.
CashnGo is a direct lender in Australia that will help you quickly solve your financial crisis. The lender’s loans start from $100 to $2000.
Cashino gives you up to 6 months to clear off your debt. In addition, they will approve your loan within a home hour after they have verified all your documents.
Like the other Australian lenders, this lender still adheres to the government rules. They only charge a 20% processing fee and a 4% monthly fee.
ClubMoney is yet another lender who will help you solve your financial crisis in Australia. The lender can give you a loan ranging from $250 to $5000. And you will repay the loan within 12 months.
The lender will approve your loan within one business day. Therefore if you had a fast emergency need, this might not be the best option.
In addition, the lenders charge an establishment fee of 20% and a monthly fee of 4%, and nothing else.
Credit24 allows you to get a loan from $500 to $5000. The loan terms with this lender start from one year to two years. In addition, you will get your funds within one day.
This lender charges you a 20% establishment and a monthly fee of 4%. Hence, there are no interest rates.
Cash Converters Loans
Cash Converters lends you cash starting from $50 to $4600 with a maximum repayment term of 12 months. The lender approves your loan within 24 to 48 hours. Therefore it’s not suitable if you need fast cash.
Still, this lender charges you a processing fee of 20% and a monthly fee of 4%. This lender is suitable for getting lower loan amounts since the minimum you can borrow is $50.
This lender allows you to get quick cash starting from $300 to $5000. However, the repayment terms do not exceed three months. Therefore, you better be ready for huge installments if you take a higher loan. You can get financing for your business quickly with some good business practices.
The lender sends you the cash within 24 hours after approving your loan. In addition, like any other Australian lender, this lender doesn’t charge interest rates either. Instead, they charge a monthly fee of 4% and a startup fee of not more than 20%.
It’s easy to get a quick solution to your financial crisis in Australia. However, I would become t that you create more income streams to stay away from debts.