Quick Cash Loans
Need quick cash loans? Our systems are designed to help you get quick access to cash loans!
We know how times can be quite tough sometimes and how unexpected expenses pop up when you least expect it. It could be a sudden medical bill, an emergency vet visit, unexpectedly large utility bills or even your car breaking down outside of the warranty period. If it is something you’ve not budgeted for, then access to quick funds would be a great solution to your dilemma.
Instant cash loans can help get things moving when you’re running out of ideas where to source the emergency funds you need. At Loanscout, we are a 100% online platform that will help you get connected with some of the country’s quickest and most accommodating lenders.
Cash Loans Online Application – How are we able to speed up the process?
At Loanscout, we work with some of the top lenders in the country who are known for developing their respective digital loan processing platforms. This means that the moment they receive a loan application, they can easily get it assessed and ten approved within minutes.
Having said that, these aren’t just merely bots you’re dealing with. While our lending partners have indeed taken great leaps towards digitising their process, they see to it that the loans they will ever offer to you are personalized and customised to take into account your specific needs and circumstances. Once you go through the settlement process, they will be able to offer you all the additional help and guidance you need to make the right decisions. This could either be on the phone or online. It doesn’t matter what your questions are concerning the loan. Whether you wish to know more about extra repayments, repayment deferral or a payout letter, they will be more than happy to assist you.
Timeframes for taking out a quick loan
Once your application has been submitted and all the supporting documents have also been uploaded, it will then be sent to multiple direct lenders within our network. This is considered the enquiry process and these lenders will check the acylation to see if they are able to offer you the type of credit you’re looking for. Note that this isn’t going to affect your credit score. Once a lender has thoroughly reviewed your file and decides that they would want to offer you a loan, they will just get in touch with you directly. This will be either by phone or by email.
You’re probably thinking that this sounds like such a complicated process but in reality, it isn’t. Also, the whole thing happens quite fast and most of the time, you can get access to the funds you need on the very same day that you’ve sent us your application. There are even instances when you can get access to the loan funds within just 1 hour.
Thanks to the many advantages in technology, our platform makes it possible for the whole loan application process to get streamlined and simplified thus, speeding it up considerably in the process. It’s even impressive how an application can go through each process without any need for human interaction. Do note that there may be times when your application will need to be assessed by a loan officer first before it can proceed. This delays the loan approval but it shouldn’t take more than 48 hours to complete the process.
Timeframes do get influenced by the time you made an enquiry. Making an enquiry in the evening would mean that the cash would likely go through in the next day since this is already beyond regular business hours.
Credit criteria for interested borrowers
We take immense pride in providing a wide range of options for a wide range of borrowers. We are committed to be of help to as many potential borrowers as possible and hence, are able to cater to all people from all walks of life. Our digital lender partners are known for offering loans to unemployed borrowers and will not hesitate to lend a hand to those with good or bad credit. Our varied range of personal loan structures along with our out of the box response to different lending needs while taking into consideration potential risks ensure that you will get connected to a broad range of lenders who will have the right credit instruments to address your financial needs in relation to your specific circumstances.
Basic lending requirements
In order to qualify for the different loans offered by the different lenders in our network, there are specific requisites that you will be expected to meet first. These are:
- You must have a regular income for at least the last 90 days
- You must be of borrowing age— 18 years or older
- You must be receiving your income into your bank account.
Quick Cash – Advantages of taking out cash loans
Perhaps one of the most notable advantages of taking out a quick cash loan is the speed at which it gets processed, approved and the funds transferred to you. This makes it a great tool for those moments when you need access to cash fast. Compared to other types of financial facilities available out there, this is certainly the quickest rush to access funds when in an emergency. The benefits of cash loans don’t stop there though.
Another notable benefit of this type of loan is how it allows you to pay it off within a shorter period of time, compared to other credit instruments like a credit card which will take you longer to repay. These loans also involve fixed repayments so you know exactly how much your monthly due is. With upfront costs, setting a budget from your income to incorporate your loan repayments would be easy enough to do.
It is also possible to get your loan paid off quicker than the actual term and our lender partners are not going to penalise you for doing so. More importantly, doing so will help you save considerably not only on loan interest but on overall costs.
Managing Your Money – Managing quick cash loans
When approved for a small cash loan, it’s crucial that you manage it properly as you should any liability. See to it that you stick within what you can afford and always take into account your actual budget when making any financial decision. Always remember that the objective when it comes to managing a cash loan is to get it paid off sooner than its actual term if you can. This is why, whenever possible, try to make extra repayments. Remember that lenders will approve a cash loan based on the amount you were earning versus the actual expenses you incur at the time that you applied. They will never make a decision where you’re approved for a loan that is way more than what you can really afford to pay back.
Once you have taken out a cash loan and you end up increasing the overall costs for your living expenses, it can potentially lead to you having a hard time paying back what you owe. Decisions like these can usually lead to you failing to keep yourself out of financial trouble. It is for situations like these that you need to set a clear budget ahead of time, even before you decide to take out a loan. Stick to that budget too and even when you get approved by a lender to take out a much bigger loan amount, stick with what you can really afford to pay back.
How much do quick cash loans cost?
There is an establishment fee that you will be subjected to and this is usually maxed at 20% of the loan amount. There’s also a flat rate fee of 4% which is charged monthly. This means that if you will take out a loan between $2000 and $5000, the maximum APR is 48%. For personal loans that are over $5000, the interest rates and costs will be dependent on the borrower’s credit score and can actually cost less but this depends on the lender. We even have some lenders that offer quick loans under $1000
Can I take out multiple cash loans fast?
Sending out applications for a number of cash loans all at the same time is never a good idea. This will result in multiple enquiries reflected on your credit file. Numerous credit enquiries reflected within a short period will only cause your credit score to go down, which could result in your loans getting rejected. Lenders are known to look at multiple credit enquiries as a red flag and will likely consider it as a sign that you might not be in good financial standing and that you’re desperate to secure a loan.
To avoid this situation, you can send in your loan application via Loanscout instead. With only a single application form, we can get you connected with numerous lenders across the country. It’s a great time saver and will ensure that your credit score does not get negatively impacted as a result. Your enquiry gets matched with the most appropriate lender with the most ideal loan offer in relation to your borrowing profile.
There is no sense in sending your loan application to lenders that will consider you a bad fit for their specific credit guidelines. Our highly experienced service and top-notch lending specialist will see to it that you are matched with as many suitable lenders as possible. With this, we give you a much higher chance of loan approval without damaging your credit score as a consequence.
Apply to LoanScout for Quick Cash Loans
Reach out to LoanScout for more information fast cash, quick loans, and other offers. Make sure to consider checking your finance to know more about your financial situation. LoanScout operate a lender finder service to help Australian find quickly the right lender, with low rate, lowest fee, and terms. Provided that you are able to meet and qualify the specific eligibility criteria that we have. In comparison to our competitors, we offer lower rates, fees, and better loan term. If you need money and is looking for, cash loan, or need our advice, or you need more information, just message us and we will answer you in an instant. Send us an online application, it is fast and easy, so apply now!