What would you do if you need to catch up on your expenses but don’t have an emergency fund? You might want to look into instant loans.
An instant loan works like a cash advance. This type of loans differ based on the lender of your choice, your income, and your credit history.
Most credits being offered are somewhere in the range of $100 and $2,000, others may reach up to $5,000. For first time borrowers, expect a limited loan amount.
The Australian government monitors the fees and charges on this type of loans. If you borrow $2,000, you’ll be charged a 20% establishment fee and a 4% monthly fee. Anything more than $2,000 can charge up to 48%.
You can apply for a specific amount, submit the requirements and documentation, including your latest 3-month bank statement. The loan specialist will assess your application, then give a verdict.What is an instant loan? Click To Tweet
You can expect a short turnaround time in the whole instant loan application process. If approved, the money is usually credited directly into your bank account.
Some lenders also give chance to those with bad credits and individuals who get Centrelink benefits.
An instant loan in Australia can give you funds you need with a lesser repayment time (normally 16 days — 1 year). Establishment fee, monthly fee, and other charges are usually included, depending on the agreed loan structure.
Quickle offers instant loan products that’s suitable for you. Their goal is to continue to provide quality loan management and give everyone the same opportunity to find a competent financial solution.
Clients have been raving on the simplicity of Quickle’s application process. It’s quick. It’s non-invasive. It’s easy! Find out how. Apply now!
Note: Quickle understands the importance of loan transparency and abides by the rules set in Australia.