Cash Advance

If you try to go with many lenders and banks, they may set you up with a credit card or something similar. However, many people simply don't want a credit card and only need a short term loan to get them out of a tight spot. With Ozzie Loans, you can apply for any amount and pay it out when you receive your next pay. 

For anyone that needs money quickly, you can rely on Ozzie Loans. Our application process is fast and can be completed over the internet in a matter of minutes. In addition, there are many times in your life when you don't actually need a loan to buy something, and instead, a short term salary advance to see you to your next pay period will be enough. At Ozzie Loans, our application process is streamlined and cuts out a lot of the usual red tape you may see with traditional loans. In addition, with our quick approval method, you can have access to cash today to get you back on your feet fast.  

At Ozzie Loans, we offer online loans up to $50,000, and we are upfront about our interest rates, repayment options, and any applicable fees. In today's fast-moving world, it is brilliant that some lenders are coming along with the party and offering fast loan solutions.

In most cases, personal cash loans with Ozzie Loans will be approved in a matter of minutes, and then you'll have access to the cash. No longer will you need to visit a bank, put in your application and then sit around waiting to see if they think you're good enough for a loan. Instead, Ozzie Loans offers a low document loan and a flexible repayment schedule. While these can be considered cash advances, they are technically small personal loans that you can use to purchase anything you need. 

With some personal loans from a bank, you may need to let everyone know why you need money and what you’re purchasing. At Ozzie Loans, we will only consider your ability to repay the loan by the time you have selected. One of the brilliant aspects of our loans is that it doesn't matter if you pay out the loan early as you won't be penalised. Paying out a loan earlier than expected is brilliant for cutting down on your interest rates charges, and we are happy to support this by not penalising you with fees if you decide to end your loan sooner than expected. When setting up your loan, selecting the repayments to be in line with when you regularly get paid is always a great idea. Having the repayments come out simultaneously as your pay goes into an account is excellent for ensuring you don't miss any payments. Also, having your payment due on the same day as you get paid from your employer is the best method to ensure you don't incur any late loan payment fees.

What is a cash advance?

A cash advance had beginnings in the workforce when salaried or permanent staff would request to receive their pay earlier than scheduled. It is an excellent idea to get you out of a tight spot or whenever you need cash in a hurry, without the hassle of going to a bank. It worked by requesting with your employer, and they'd provide you with early access to your regular pay. These advances were then deducted from your next scheduled payment

 This short term loan system worked incredibly well for many years, but as employers moved toward electronic payments, it became hard to manage, and the system ceased to be offered. Luckily in recent times, companies such as Ozzie Loans have stepped up and are offering cash loans online with lightning-fast approvals. 

For any cash advance system to be successful, approval needs to be fast. Standard loans can often take a few weeks for approval, and if you need fast cash, these are not ideal. While some credit cards will allow you to draw out money, the interest rates on those can be excessive. When you're seeking an early payment on your weekly or fortnightly pay, the approval time needs to be worthwhile on the same day as your application. At Ozzie Loans, we have created a system that provides fast loans for all our customers. Our application process is simple, and you'll have access to your loan funds immediately, which is perfect for when you need cash urgently.

What is a cash advance fee?

With some short term loans, such as a cash advance, you may be charged a recurring fee instead of interest. However, some lenders may charge a fee and interest; it depends on what your contract states. When you decide which loan to take, it is essential to understand the fees and interest that may apply. Often with short term loans that offer a flexible repayment schedule, you'll only need to pay fees, but it is best to check the terms and conditions. 

At Ozzie Loans, we can take you through all the repayments as scheduled, and you can see how much you'll have paid back at the end of your loan term. Understanding your requirements is perfect for knowing if a cash advance loan is compatible with your needs. When looking at cash loans online, using a personal loan repayment calculator is an excellent tool for seeing if that particular lender is right for you. While you can use the funds borrowed for anything at all, knowing if you can make the repayments on time will mean that you can avoid any late payments fees; if they apply to your particular personal loans.

What can a cash advance be used for?

A cash advance is best when you need cash fast and cannot wait for any small personal loans to be approved by a bank. Generally, a bank will lend money, but they often will only approve a loan that is tied to an asset (i.e., what you purchased). However, you may need fast cash and not actually use it to buy an asset. For example, If you have some bills due and need early access to your regular salary, to avoid incurring a late fee. In this scenario, a small cash advance loan can be the perfect solution. 

With the Ozzie Loans fast approval and competitive interest rates, you can apply for a loan of up to $50,000. This cash can be placed into your account quickly and is ideal for many different scenarios (e.g., if you need cash to buy a privately sold item). Same day loans are also outstanding if you are travelling, and they can be used as a travel loan.

A short term loan can also help out if you need rent assistance and want to avoid any problems with your landlord. There are an endless number of reasons that you can make use of a short term loan from Ozzie Loans. You can apply for cash loans online, and approval is often only a few minutes away!