Since 2005

Posts Tagged ‘Australia Finance’

Australia Cash Advance And Payday Loan

Wednesday, October 2nd, 2013

The terms of cash advance and payday loan in Australia may differ from 10 to 18 days depending on the lender. There are many online lenders who provide payday loans. If you are short of money on your next payday, you can extend your loan to your coming payday. Most lenders provide this service as well.

Cash advance and payday loans are widely-used services in Australia. The fees on payday loans may again differ depending on the lender. The higher your loan the more you have to pay for the fee. In general, the fees are usually in the range of $20 to $100. When compared with other services like credit cards etc, it is quite reasonable given that you can obtain the loan instantly with no credit check required.

The Requirements for Cash Advances and Payday Loans in Australia

You have to meet some requirements to apply for online cash advances and payday loans in Australia. In general, you must:

– Be Australian citizen or resident
– Work at a regular job with steady income
– Have a bank account in good standing
– Have direct deposit of your pay into your bank account

Once you meet the above requirements you will need to fax some documents:

– Latest pay slip stub
– Latest bank account statement
– Copy of driver’s licence

You will only need to do this when you submit your FIRST application. Once the lender gets your details they will record them into an automatic approval system so that next time you use the service your application will be instantly approved with no fax required.

How to Apply

Getting cash advance and payday loan in Australia is very easy. You can either fill in the application online or give the lender a call to get the loan. A good lender should have a facility to allow you extend your loan if necessary. Paperwork is only needed when you first time submit your application. After that, all verifications should be done automatically through an online system.

Cash advances and payday loans, if used intelligently can be used to clear off your late payment penalties to avoid borrowing money from friends and relatives etc. It can be used when people have a short-term need for money.

Understanding About Payday Cash Loans in Australia

Wednesday, October 2nd, 2013

Payday loans have short durations of about 14 to 21 days and you have to pay the lender a fee while returning the amount borrowed at the end of the loan tenure. If you are unable to meet the pre-determined repayment date, you always have an option to extend the loan. Bear in mind that the extension will carry additional fee on top of the original loan amount.

Easy Application Payday Loan

The amount you get from payday loans range from $100 to $1000 or more. The loans are secured against your next payday, which is usually the day when the repayment is due. The requirements for payday loans are fairly simple. You have to be an Australia citizen or resident, be above 18 years of age, have a steady job with regular income, and have a legitimate checking account. In some occasions, a payday loan company may ask you to produce proof of income such as bank statements and pay stubs, as part of the verification process.

Using internet technology, payday loan companies in Australia are able to process your application online. They verify your personal and financial details electronically or sometimes ask for faxes of relevant documents in order to approve the loans. They can verify and approve the loan within an hour usually and deposit the cash in the checking account within 24 hours or less. Thus easy application payday loans have helped many people overcome temporary cash shortages.

No Faxing Payday Loan

For a no faxing payday loan, you need not fax any data or documents to us but we may ask your bank and your employer to fax us copies of your bank statement and pay stub. You just need to fill in the application form and wait to have your online payday cash advance loan approved which is usually done within a couple of hours. The amount is then credited into your checking account within 24 hours. The ease with which even people with a history of bad credit can have money is amazing. In case you cannot pay the loan back on time, do not worry, and simply get it extended for a slight fee.

No Credit Check Payday Loan

Obtaining a payday loan is much quicker than getting a loan from a bank. No credit checks are conducted so you can get the cash regardless your past credit history. There is no extensive paper work and repayment is easy as you can give either a post dated check or authorize the loan company to electronically debit the amount from your checking account. Payday loans are certainly a way to go if you are short in cash. Just keep in mind that you have a legal obligation to repay the loan plus the interest that comes with it.