Payday Loans
A payday loan is a great way to get cash quickly and easily as many of the Australian payday loan providers have online application forms with sometimes no or little documents required depending on your current employment or income situation. The reason payday loans are easy to get is because they are less strict in the approval process than banks thus their fees are a little higher (they are fixed) so they are ideal if you cannot get a bank loan or need cash fast.
 |
 |
 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Company | Product Name | Interest Rate | Loan Amount | Type | Sign up | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
|
 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash Doctors | Payday Loans | 0% | $100 to $600 | Payday | Sign up | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Payday Mate | payday loan | 0% | $100 to $1000 | Payday | Sign up | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
A payday loan is essentially an unsecured loan, there are becoming more popular in Australia as more of these short term cash providers are popping up and people are realizing the benefits over a traditional bank loan such as ease of online application, faxless approval (no documents needed) and quick payment into your bank account.
Most payday loan lenders will let you borrow anything from $100 to $1000 some even more and the fee is usually a percentage of this. A payday loan means you can borrow the cash quickly and you will pay it back on your next pay check, thus you must be employed for usually at least 3 months to qualify for the loan as the lender will call your employer’s payroll department to organize a deposit straight from your salary.
Another great feature of a payday loan is that once you’ve already been approved and have repayed your first loan you will be very quickly approved a for a second loan.