Get Last Minute Loans from $300 to $10,000 at Loanscout
Unexpected expenses can happen anytime and anywhere, last-minute loans can be the best option for you. With Loanscout’s lender-finder service, you can get easy access to emergency cash loans ranging between $300 to $10,000. In just under 60 minutes, we can find you the most suitable lender that will loan you an amount you’ll be most comfortable with. Read on and Apply today!
*Only general information is presented in this article, kindly note that certain ideas and products mentioned here may not be directly offered by Loanscout nor the lenders we get to work with. Please seek professional financial, taxation, legal or other forms of advice to have a clearer understanding of how the information or ideas which are presented here could relate to your unique financial circumstances.
What are Last Minute Loans?
Ideally, Last Minute Loans are personal loans which you can receive within the day. It is also commonly referred to as emergency loans, quick cash loans, or short term loans. During tricky situations when you may need immediate funding such as your car breaking down or a sudden medical bill, last-minute loans are probably your best option.
If we find your application good, it may be approved easily within the same day. We provide quick decisions and we work hard to make sure that money going to your bank will be done as fast as possible.
Potentially, you may be allowed to loan amounts ranging between $300 to $30,000 or even beyond depending on your own unique financial situation and the lender that you decide to choose. Rest assured that we work with trusted lenders who may be comfortable to meet your needs and offer you loans that you will be most comfortable with.
Here at Loanscout, our lender-finder service is the best option to be matched with a lender that would most suit your unique circumstances.
Circumstances that could warrant Last Minute Loans
Many other motivations may warrant you apply for a last-minute loan aside from vehicle-related costs or health-related expenses. Here are some of the circumstances that may require you for a last-minute loan:
- An emergency fund for travel expenses
- Home Renovations
- Education Fees
- Funeral expenses
- Pet-related bills
- Theft replacements
- Parenting help funds
- Other unexpected bills (utility, etc.)
We do not wish that you experience any of these circumstances, but we assure you that Loanscout can lend you a helping hand when any of these unexpected expenses may befall you.
Pros and Cons of Last Minute Loans
Before applying for a last-minute loan, it is important that you keep in mind these pros and cons of availing one as every form of loan and credit have their advantages and disadvantages going along with it, because at Loanscout, we aim to be transparent to our customers at all times.
- Quick and easy process;
- No need to get you anxieties up because we act fast to provide you with decisions asap;
- You can apply anytime and anywhere;
- You may potentially apply for a personal loan even with your bad credit history;
- After approval, getting your cash is possible to receive within the day.
- As with all forms of loans and credits, you are to repay your loan with interest;
- There are lenders who might charge a host for additional fees and charges;
- Moreover, your credit score may take a hit for poorly managed debts.
Consider all means possible and make filing for an instant cash loan application your last resort. You may consider to sell any of your unnecessary possessions, sell your services, recycle and upcycle stuff you already have at your home, and try to apply first to lower your credit limit or get low-interest credit cards as an alternative. Considering the abovementioned pros and cons and possible options to do will benefit you a lot when you finally decide to apply for a last-minute loan.
Consider all options and compare loan offers available on the market
There can be multiple forms of emergency cash loans. It can be credit card cash advances, payday loans, personal loans or low interest loans. For those seeking loans in small amounts, be sure to check out all the options which can be available on the market and compare each.
A personal loan can potentially loan you up to $10,000 by applying with Loanscout. This type of emergency loan may cover all types of personal expenses and wherein your lender will divide your repayment terms over a fixed and manageable period of time.
Payday loans in Australia usually offer borrowers loan amount up to $2,000. Also, instant payday cash loans may come with much higher rates, fees, and other charges. Credit card cash advances, on the other hand, can also be an option if you have quite a good credit score and may depend on your financial situation.
How to avoid loan scams?
- Look out for this list to know telltale signs that could mean you’re getting scammed by a loan site:
- A company claiming to be Australian-based but uses an international phone number;
- Loan sites pressuring you to apply for a loan at times you miss a particular deal or offer;
- Those claiming that they would offer you ‘guaranteed’ approval;
- If they ask you immediately for bank details;
- Offers that can seem too good to be true such as extremely low-interest rates.
Loanscout is the safest way for you to apply for a last-minute loan since we make sure that we only work with responsible lenders who are licensed and those we can fully trust.
Can people on Centrelink still apply?
The shortest answer would be yes, you may still apply for a last-minute loan with Loanscout even when you’re on Centrelink. We believe that receiving Centrelink benefits should not prevent you from being granted a loan. However, we suggest that you consult with Centrelink first over their own loan offers or payment advance options.
Can people with bad credit history apply?
Yes, you may still apply for a last-minute loan with Loanscout despite having a bad credit history. Loanscout understands that your bad credit history is way in the past and unique circumstances may have affected it. We aim to find you the lender that will suit your unique financial situation very well. We try our best to make sure that our lenders will also look at and assess your current spending habits, expenses, and other financial commitments.
Loanscout Last Minute Loans
Here at Loanscout, we offer to find you lenders who may loan you small, medium, and large loans that may be secured or unsecured. The application process is 100% online and can be done in just a few minutes. Here is a sample guide of your possible loan terms:
Is security required?
$300 to $2,000
$2,100 to $4,600
13 to 24 months
$5,000 to $10,000
13 to 24 months
Note: Loan terms may vary depending on the lender that gets matched with you.
Who can apply for a Last-Minute Loan with Loanscout?
Similar eligibility criteria is applied to our own lenders and before applying for a last-minute loan, here are some criteria that you should meet as well:
- Be 18 years of age or over;
- Be an Australian citizen or a permanent resident;
- Have been receiving a regular income into their bank account for at least 90 days prior to your application;
- Have a direct phone number and email address.
If I meet these criteria, then how can I apply?
100% online and paperwork free! Yes, Loanscout is committed to providing you with a convenient way of applying for a small cash loan. Simply follow these steps to apply:
Step 1: Complete your Application Online
Click on ‘Apply Now’ and completely fill out all the essential details that we need from you to be able to find you a lender that we can match with your needs. It shouldn’t belong to receive a decision once you’ve submitted all the details and few documentation we need from you.
Step 2: Confirmed Lender-Borrower Match
Getting decisions from us can be really quick and once you’ve been accepted a lender may contact you shortly via email or mobile phone. An evaluation of your present financial situation and your overall details may be conducted by the lender we matched you with. If they approve of your situation, they may offer you a loan and send you a loan agreement contract. Read the contract thoroughly and if you feel okay with it, review it again and kindly sign it.
Step 3: If you accept and sign, then go and get your cash
After signing your loan contract agreement, getting your money from the lender should be easy since your lender could transfer the funds immediately to your bank account. Based on your bank account and the time the money was transferred to you may affect whether you can receive your cash within the day.
Do I have to provide security for a last-minute loan?
The simplest answer would be, it depends. Depending on the loan amount that you applied for, you may have to secure your last minute loan or not. Loan amounts beyond $2,100 may require you a security to be qualified for one, so, anything less than that may not warrant you to find any security.
How fast can my last-minute loan application go?
This will vary depending on the hour of the application you submit and if we can find you a lender immediately. Normally, if we are successful, we can match you a lender within an hour during business hours.
Begin Creating your Repayment Plan
Keep away from creating worse debt cycle and it would be best for you to consider exactly how you plan to pay for your existing loans and credits before you apply. Consider creating a repayment plan for yourself to finally free yourself from that bad credit cycle.
1.) List your existing debts and other financial commitments
Listing your existing debts and present financial commitments can be good for you to be able to monitor closely how your finances go and assess the level of priority on which existing debts should be paid off first. This includes personal loan debts from stacked up utility bills or high-interest loans. Begin paying off high priority loan debts first and let the rest follow.
2.) Try and improve your current saving habits
Be an active saver by learning new ways on how to better save money from the internet or licensed financial advisors. The more money you’ll be able to save would mean that more existing debts can be paid off slowly. This can eventually help you build a better credit score.
3.) Make sure to understand loan terms before you apply for one
We always remind our customers to read and review their loan contracts thoroughly before signing it to ensure they truly understand the repayment loan terms they have to deal with in the future.
Keep in mind that there are other lenders in the money-lending industry that can charge you extra fees or higher interest rates that could put you into a bad position in the future. You may use Loanscout website’s own loan calculator so you can at least have a rough guide to help make you an outline for your repayment loan terms.
4.) If possible, seek financial counselling
If you find yourself still struggling with debt despite following some of the advice we provided you in this article, it is better that you seek outside help such as going to a financial counsellor. It is possible that there are financial counselling available to help you which are free and some sort of an independent service.
These free financial counselling services are usually available in all states in Australia. There’s also the MoneySmart website offered by the Australian Securities and Investments Commission (ASIC) where you’ll be able to access various resources that can help you better understand things related to financial problems and all things finances.
Apply now for Last Minute Loans with Loanscout
Hopefully, you never encounter a situation where you’ll have the need to pay for unexpected expenses, but keep in mind that whenever you find yourself in these kinds of situation, Loanscout has got you covered. Let us help you find a potential lender to your unique financial needs. Click on ‘Apply Now’ and get started with your Last Minute Loan application with Loanscout.