Small Cash Loans
It’s Quick. It’s Simple. It’s Quickle!
Many experts believe that experience is the best teacher. However, until people have had the chance to earn and manage their own money, they’ll likely find it difficult to fully comprehend preceding generations’ warnings about the consequences of financial mismanagement. People need the experience of paying their way, budgeting for their needs and wants as well as emergencies. At Quickle, we can help you soften the blow and offer you the opportunity to apply for a small loan of up to $2,000.
What Is a Small Cash Loan?
Small loans are exactly as they sound: small, personal loans made based on the belief that a person is not a high financial risk. The individual’s credit history and current employment status are the basis for this assumption. Each lending institution has specific guidelines that they use to govern their small cash loans and lending practices.
Small Loans Fast: A Temporary Solution
Small loans should only be used as a last resort as a source of backup cash. At certain points, people may require a small cash loan that provides a solution to temporary financial emergencies. They serve a useful purpose, essentially tiding people over until their next payday, or until an anticipated source of funding arrives. They can also serve a useful purpose as part of a properly diversified financial management strategy.
Money Management Mistakes
Mistakes made when managing money can sometimes have far-reaching consequences. A person’s bad credit rating may reflect the money mistakes you of the past. However, mistakes are a natural part of the learning process. Fortunately, the vast majority of people appear to be hardwired to learn from personal experience – and that is where a small cash loan comes in to help us along that process.
Balancing Your Budget
Money management is a lot like walking a tightrope, with a person’s income providing the rope. Attached to one side of the balance bar are a person’s assorted financial obligations such as rent, car payments, child support responsibilities, consumer debt payments and so on.
On the other side are the material things that an individual desires, as well as their version of life’s unanticipated emergency expenses. It is failing to put aside enough for unforeseen expenses that gets most people into trouble. While it is impossible to imagine some of life’s events ahead of time, a small cash loan can provide some degree of certainty.
Cash Flow Management
Nearly everyone experiences occasional periods of time when money is tight. This could be due to a change in employment, the requirement of a large outlay of cash, such as for the down payment on a home, tuition, or maybe the result of circumstances beyond your control such as a car accident.
In situations such as these it is ideal if a person has an emergency savings fund from which to draw or a way to get a small loan fast. Failing that, most people have concerned friends and family that they can approach for help. In some situations, a small cash loan may be the answer.
Beware the temptation to borrow a small loan for frivolous material purchases. Ignore the salesperson who tells you it’s a “good deal,” because by the time you add on years of accrued interest, it is a good deal no longer. Be willing to save for purchases, and to occasionally scrutinize spending habits.
As long as one’s money management habits raise no alarm bells there is no reason why a small cash loan can’t be used to help ease a temporary financial shortage. If there is an imbalance in one’s debt to income ratio then perhaps it is time to ask for a raise, take on a second job, or even find a new, better paying job. Borrowing only works for the short term because it is impossible to borrow one’s way out of debt.
Small Loan Terminology
When considering any loan, and particularly small loans in Australia, it is important to become familiar with the lender’s terminology. Not all lending institutions use the same terminology, which makes it exceptionally important for borrowers to always read the fine print.
Small cash loans may be referred to by other lenders as payday loans, quick loans, cash loans, and short-term loans. The interest rate on small loan products may be higher than for longer-term loans but is doable according to the terms of the loan and the information that the borrower disclosed. Make sure you understand the loan’s terms before signing.
Small Loan Requirements & Eligibility
To ensure that you qualify for a small, same day loan with one of the lenders or service providers, we ask you for personal identification including a driver’s licence, passport number, proof of age card or birth certificate.
Please Note: Bank accounts must be in your name and cannot be online savings accounts or online only accounts.
Apply For a Small Loan Online
Small loans are a useful, temporary tool. Be honest about your debt-to-income ratio. If your household lacks income then perhaps you should ask for a raise, take on a second job, or find a better paying job. The need for repeated small cash loans is a sign of trouble, especially if making the payments is difficult. Nobody should let the availability of easy credit ensnare them in more debt than they’re readily able to pay as scheduled.
To apply for a small loan online, all you need to do is fill out our simple application form. It only takes a couple of minutes. Quickle will refer you to a lender or service provider who, based on the information you provide, may be able to help you with a finance solution.
We may need to verify some information such as your identification and bank statement. We work with lenders and service providers who can help with loans between $300 and $5,000, and if you’re approved, the funds of your small cash loan will typically be in your account within a few hours.