Cash Advance Adelaide

How can I get a short term loan in Adelaide?

The easiest way to get a cash advance in Adelaide is to apply online with Ozzie Loans. Our online loans application process is quick and easy – you can do it on your phone or other devices, it will only take a few minutes. We are low documentation kind of lenders, so you save the hassle of a lot of paperwork. You do need to meet the minimum criteria to apply for a loan; be over 18 and an Australian resident. After we receive your application, we will look at some information like your bank statements and your credit rating to see if we can lend you money. We also can tailor our cash loans according to your financial history, so if you have a good credit rating, we may be able to offer you a lower rate. If the loan application is approved and you have agreed to the loan offer and terms, then the cash can be in your account on the same day. That’s easy finance!

What are short term loans used for?

You can use a short term loan for anything you like, and you can usually borrow between $5,000 to $50,000, subject to approval, for a cash advance in Adelaide. That leaves it up to you to decide on the details of how to use any personal loans you take out. Whatever your needs - bills, a little extra to tide you over, a course or a holiday - once you receive the money in your account, the choice is yours. All you need to do is to make sure you keep up to date on the repayments. In fact, you can even pay your loan off early and not be charged early exit fees.

Do short term loans affect credit rating?

Credit ratings can cause people a bit of worry, so let’s take a look at some of the major things that can negatively affect your credit rating before you apply for a cash advance in Adelaide or wherever you are. That way, you know what not to do and can work on improving your credit score with good financial behaviour.

The main thing that affects your credit rating is your repayment history. Basically, if you have borrowed money in the past and have had any issues with repayment – including just missing one repayment or late payment, then that will make a difference to your credit rating. This is because if you have defaulted on previous loans, then that’s going to be something that future lenders are wary of. That’s why it’s so important to make your repayments in full and on time. With Ozzie Loans, your payments on your cash advance in Adelaide come out of your account via direct debit, so all you have to do is make sure that there is enough money available come payment time to cover the whole amount that you need to pay, and the rest takes care of itself. 

Something else that can negatively affect your credit rating is trying to access too many loans over a short period. Too many loan applications suggest that you can’t handle your finances very well. Some types of loans may also affect your credit rating, but it’s good to know that you can improve your credit rating with good debt such as home loans, student loans and business loans. Credit ratings are not set in concrete, so you can work to improve them over time. This is a really good financial move as lenders are often able to tailor loans for borrowers who have a good credit history so that you can reap the rewards such as lower interest rates.

If you are looking to take out a personal loan for a cash advance in Adelaide, Ozzie Loans can help you to get it sorted in no time, so apply for our cash loans online today!