Small little loans
Are you having a hard time making ends meet and payday is still several days away? If you have unexpected expenses that need to be paid for as soon as possible, you can benefit from taking out little loans. These small cash loans which can range from $100-$2000 may be ideal for those instances when you suddenly find yourself in a tight spot and you need some cash boost as soon as possible. At SamedayLend, we can help find you a lender that can offer these loans and with a fully online application process, you can sign up in just a matter of minutes.
Understanding Little loans
A type of personal loan, little loans often fall between $100 and $2000. The amount may seem a bit small, but one cannot discount how crucial a role they can play for those instances when you’re faced with an unplanned expense such as an emergency vet bill, an out-of-the-blue car repair or perhaps your boiler at home broke down and needed to get repaired as soon as possible.
Even something as small as a little cash injection can make a huge difference and this is where small little loans come in and LoanScout can help.
Types of personal loans
Typically, personal loans are differentiated into three categories, in terms of loanable amounts involved. These are:
- Small loans- with loanable amounts of $100- $2000
- Medium loans- with loanable amounts of $2100- $4600
- Large loans- with loanable amounts of $5000- $10000
Another way that personal loans can be differentiated is whether they are unsecured or secured. Loan security refers to anything valuable that is put up to serve as a guarantee for the loan. This means that in the event that you are unable to fulfill your loan obligations, the lender can sell the asset attached to the loan to recover the money they lost. Loan security is usually only required for large and medium loans. Assets can come in the form of a motorbike, a boat, a caravan or a car among others.
Can I sign up for little loans if my credit is bad?
Yes. There’s no reason that you should not get access to little loans despite your bad credit. We work with a variety of direct lenders who are known to accommodate a wide range of borrowers. Most of our lenders are quite understanding about the fact that bad credit does not show the whole picture of a borrower’s financial state. This is the reason that many of them are more than happy to extend small little loans to bad credit customers. As long as they can see that you can pay back the money you are borrowing, then they will give you a fair chance.
People with bad credit who are in need of cash fast are often daunted by the idea of going to a lender for help. Most traditional lenders will not be very accommodating to bad credit borrowers, after all, which means that you will likely face rejection. Thankfully, that has significantly changed these days where more lenders are understanding of a borrower’s financial past and are willing to take a look at the broader picture when assessing loan applications.
Costs for small little loans
The costs attached to small personal loans can significantly differ from one lender to the next. SamedayLend is not a lender, rather, a lender finder. This means that we will not have any control over the fees and charges attached to your loan, should you get an offer from one of our lenders. This is also the reason that we encourage our customers to always pay close attention to the terms and conditions in their loan contracts, so they know the specifics of the loan.
What does LoanScout do?
We are a lender finder service and our job is to take on the task of finding the right lender for you, based on the type of financing you are interested in. We know how overwhelming a task it is to have to sort through all potential small loans providers out there. Even more so is the fact that you will then have to send each potential lender an application form. What we offer is an easy and hassle-free way for our customers to get access to the right loan by just filling out one application form.
Our service is open to all borrowers from all walks of life. We are committed to helping as many Australians as we can to find the right financing products from the right lenders. It doesn’t matter if you have bad credit, are unemployed or on benefits. We will do our best to find the right lenders for you.
With your busy, fast-paced lifestyle, you will hardly have the time to spare to sit down and scour the internet for the names of potential lenders who can offer you little loans. You certainly just can’t choose the first lender you find as well. You need to compare providers to ensure that you are getting the best offer out there. Why go through all that when we can do it for you instead? Just fill out the application form, submit it to us and we will do the rest. All that will only take you a few minutes.
When you sign up for small little loans, you do so through our online platform. This allows you to access the service at any time you want, no matter where you are in the country. All you need is a device that can connect to the internet and you can get started right away.
You are not asked to pay for anything to send a quick loan application via LoanScout. We offer our services for finding you the right lender for free. If you do get offered by one of our partner lenders a loan, you are also not obliged to accept it. In addition, whatever fees have figured in the loan contract, will not change until you pay off the loan.
How do I apply for little loans?
To give you an idea, we have outlined the steps you need to take when applying for small little loans.
Check if you’re eligible
While it is our goal to help as many customers as possible, we also need to set certain requisites before we can proceed to the next step of a loan application. To determine your eligibility, you must:
- Be no younger than 18 years old
- Be receiving a regular income into your bank account for no shorter than three months
- Have a working email address and phone number
- Be a citizen or permanent resident of Australia
If you have met all these core requirements, then you are ready to take the next step.
Fill out the loan application form
Decide how much you want to borrow and determine what your preferred repayment term is. Fill out the loan form and review your answers to ensure accuracy. If there are documents that you are asked to provide, be sure to attach them with the form prior to submission. It should only take you a few minutes to get this done.
Wait for the result
We will get to work once we receive your loan application. With the details you provided us, we will look for the most suitable lender within our network to get you matched with the right provider. If you get matched with one, the lender will then get in touch with you and will take it from there. We do advise that if you get offered a loan, always read the fine print and make sure you understand everything before giving your consent. Also, you are not obliged to accept a loan offer if you feel that it does not meet your expectations.