No hassle loans
Do you want to apply for financing but don’t want to go through all the stress and hassle? You’ll be glad to know that almost everything these days is done online, loan applications included. Getting access to a lender can be done with just a few clicks of a button. If you play your cards right, there is a way to get access to no hassle loans. LoanScout can help.
Easy online loans
No hassle loans are personal loans which you can easily access online minus the usual stress, hassle and inconvenience that potential borrowers would have to go through if they were applying for one the old way. Compared to traditional lenders, credit unions and banks, online lenders have focused their attention on providing their services via the online platform. Borrowers will not need to show up to their branches to sign up for a loan. The whole application process can be completed on an internet-enabled device and in most cases, would only take a few minutes to do. Customers can now get access to no hassle loans straight from the very comforts of their homes.
What loans are the easiest to get approved for?
If you’re looking for no hassle loans, you’ll never go wrong with personal loans or fast loans especially the secured type. This loan arrangement requires you to present an asset, anything of value that is under your name, to secure the amount you are borrowing. This means that if you ever fail to repay the loan, the lender has the option to sell the asset and recover whatever money they lost. These types of loans ensure fast approval and more competitive interest rates.
Lenders tend to be more favourable with these types of loans because the presence of an asset means that there will be less risk for the lenders. In the event that you will fail to pay off the loan, they can repossess the asset attached to the loan to cover their losses. This makes it an ideal option for borrowers with bad credit or those people that want to get approved for loans of a more substantial amount.
Are there no hassle loans for bad credit borrowers?
If your credit is bad, it is not the end of the world for you, guaranteed loan approval is not something we offer though. While banks and other traditional lenders will likely view a low credit rating as a red flag, there are plenty of lenders these days who are more than willing to give bad credit borrowers a second chance including those that offer no denial payday loans direct lenders only. The lenders we work with at LoanScout belong to the latter. Instead of being hung up on your bad credit, they will look at the entire picture and assess your loan application based on your present relationship with money.
How does Loanscout work?
Being a lender locator, we will get you linked with the most suitable lenders for the type of no hassle loans you need. They will still carry out a credit assessment when processing your cash loan. However, they will not bank their entire decision on your credit score alone. They will also take note of your present income, your regular expenses and the overall affordability of the loan you wish to take out when deciding whether to grant a same day loan or not.
Do I qualify for no hassle loans?
If you’re interested in applying for loans online, it is important that you first meet our criteria. Before sending us an application, make sure that:
- You are of the right age, 18 years or over
- You have an active bank account where you’re receiving a regular income for at least the last 90 days
- You’re an Australian citizen or a permanent resident of the country
- You have a working email address
- You have a personal phone number where you can be easily reached
- You have online banking activated
What documents do I need?
You may also need to provide additional details and supporting documents when applying for a loan. These are all online so you do not need to have to physically submit them to the lender. Among the most common documents you will be asked to provide include:
- Online banking details
- Personal information such as your date of birth, address, etc
- Employer details and their contact information
- Your MyGov details if you are receiving Centrelink benefits
- Active phone number and email address
How do I apply online?
As a lender finder service, you can just send your application through us at LoanScout and we will take care of finding the right lender for you so you can obtain your same day loans
Step 1. Apply online
Get started by filling out the application form. You’ll be asked to provide your personal and financial information which we will then use to find the most suitable provider for you. This is easy enough to do and should only take a few minutes to complete. If there are documents required, make sure to attach them to the application as well before hitting submit.
Step 2. Wait as we search for a lender
We will take over once you submit the application. Our little loan specialists will start looking for the most suitable lenders and the most suitable personal loans for your needs and your present financial state. We will also make sure that the lender we match with you will give the best chance for approval. Once we get a match, the lender will then get in touch with you directly.
Step 3. Get evaluated
A loan assessment follows once you get matched with a lender. Most of the time, this will include a credit check. If the lender approves the loan, then they will send you a contract. Review the fine print and make sure you understand everything. If you agree to what is stipulated in the agreement, sign the contract and send it back. The lender then starts processing the fund transfer and you should get your money not long after. In fact, if your bank account is NPP-enabled, the money should be there within just 1 minute.