You submit your loan application online in just a few minutes; you get approved not long after that and, depending on your loan amount and who your bank account is with, you could receive your funds the same business day. There is no lengthy paperwork to fill out. There is usually no need for any phone calls. You receive your own personal loan dashboard where you can monitor and manage your personal loan details, let us know of any changes to your circumstances, and even make extra repayments if you want to you. Simple, responsible lending of fast cash loans for every customer. That’s MoneyMe.
And now down to the details and why we are one of Australia’s favourite and fastest online lenders. If you’re new to the world of credit and applying for products like our personal loans then there can sometimes be some confusion about exactly how credit products work, what types of personal loans are available, and what kind of information from an individual’s credit report will a responsible credit provider be looking for, and it’s not all bad news on that front. We’ll take you through the facts and figures and hopefully help you confidently understand how a personal loan works, whether quick cash loans are really as fast as they appear to be, and show you our range of credit options so you can find the best type of credit product for you from car loans to our Freestyle line of credit account and more.
What is a personal loan?
Personal loans from credit providers like us are simple and straight forward. A personal loan from someone like a close friend is an agreement that you make for money that you need immediately, and they have to spare, with the promise that you’ll pay them back. A personal loan from an official lender with an Australian Credit Licence works in much the same way, only the loan amount is usually a bit more that you’d borrow from a friend, and you don’t know your bank or lender personally. Because you don’t know them personally and because the cash amount you’re asking for is usually a bit more than a mate can possibly help you out with, the promise that you make to repay these kinds of loans is a bit more formal and comes in the form of a loan contract. There are sometimes fees and charges applied to your loan like an establishment fee, ongoing fees like cashcentralpaydayloans.com/payday-loans-ia/ account keeping fees, and you’re also checked during your approval process based on past loans, debts or services you have taken out which generate something called a credit score.
Personal loans come in all shapes and sizes. You can get a fast cash advance for money you need right now and you don’t have yet, such as a few days before your regular pay day. You might really want to take advantage of a great offer on a new asset like a car or a boat; put down an important deposit for an upcoming life event, or you might need money for an unexpected emergency situations (we hope that’s not the case but you can rely on us to get you approved for the funds you need fast).
These kinds of small loans are available from MoneyMe for as little as $2,100. What sort of emergencies would quick mini loans help you out with? You might need quick cash loans for unexpected bills like mechanical works and repairs on your car, or you might need a few extra dollars to move rental properties and to cover your upfront costs like professional movers and your bond amount. Life events happen every day and you don’t always have access to extra cash when you need it. That’s what easy money and our mini loans could be perfect for.