Cash loans Australia

To get started, you'll need to know how much you want to borrow and how long you'd like to take to pay out the loan. To work out a repayment schedule that fits your current income, you can use our online loan calculator to give you a clear estimate of how much your repayments will be. With any loan, the longer you take to pay it back, the more interest you'll pay, but the repayments will be less each month. If saving on interest charged is more to your liking, choosing a shorter loan term is better, but the monthly payments will be higher. You can use our free personal loans calculator as many times as you like and find a happy medium between loan amount and length. 

When seeking cash loans in Australia, the amount you'd like to borrow may have a large impact on which type of loan you're after. For small amounts under $5,000, a line of credit, such as our virtual credit card, may be perfect. This credit card allows you to have a limited loan amount at your fingertips at all times. You can draw on the funds available and then pay it back before the 55-days interest-free period expires to avoid any interest payments. However, if you need a larger amount or make a one-off purchase, you can apply for our unsecured personal loan. The Ozzie Loans personal loan is available for amounts from $5,000 to $50,000, and they can be paid back from 1 to 5 years (depending on the amount borrowed). Our personal loans for Australia are designed with flexibility in mind, and because they are unsecured, you have the freedom to use the funds for any worthwhile purpose.

Where to get cash loans in Australia?

For cash loans in Australia, you have several options available, but Ozzie Loans is a premium choice for the best cash loans online. We are certified money lenders, and we operate completely online. All our applicants are assessed using special software to determine if they can repay your loan without resulting in a financial burden. Our applicants can include people who may have a less than ideal credit history or only part-time employment. If you are a student and just starting out in a new place, you can apply for one of our loans, provided you have a regular income. 

As an online operator for fast cash loans in Australia, we have found that people are looking for loans that have highly competitive rates. In addition, applicants are often tired of the waiting periods they may encounter with the big four Australian banks. We believe that loans can be approved quickly, and in most cases, our applicants will have an answer regarding approval in only a few minutes. After you are approved for our cash loans in Australia, you'll have access to the funds in less than a day. This can be ideal if you're looking for a loan to cover your moving expenses or have emergency car repairs that need to be paid for quickly!

How to access cash loans?

For most people getting cash loans in Australia is a straightforward endeavour. At Ozzie Loans, to apply for our loans, you'll need to be 18+, be a permanent Australian resident, and have a steady income (this can be employment, government assistance, or a pension). If you are self-employed, you can apply for our loans, provided you can show regular income through bank statements. At Ozzie Loans, our loans are available to anyone, regardless of your credit score or if you have yet to establish a credit rating. Often the best way to improve your credit rating is to take out a small loan and show that you can make the repayments. Building a good credit rating through cash loans can be good for later on in life when you want to take the plunge with a house purchase. 

Before applying for cash loans in Australia, we encourage people to use our online loan calculator to see their monthly repayments. This can give you a good idea of what you may be comfortable paying back throughout the loan. If you have an existing loan with another financial institution and need to take out a new one, it may be best to combine them into a single larger loan. Many people find that one larger loan is easier to pay back than two separate loans. You can enter your details into the calculator for a good guide on what is best for your needs. If you have a poor credit rating, we may limit the size of the loan you can apply for, but these smaller loans are ideal for helping you re-establish a good credit rating. Once you've established a good credit score with Ozzie Loans, you can usually apply for larger amounts as you've proven that you can make consistent repayments.

How do the repayments work for cash loans?

A large part of offering cash loans in Australia is ensuring that our customers can comfortably make the repayments. Although we will process your application fast, we also take the correct number of checks to make sure you can comfortably pay out the loan each month. If you are a new customer at Ozzie Loans, we may offer you an amount that we feel you can pay back with ease. We will offer you a larger loan if you are well established with a solid income and have a good credit rating. As we are a fully licensed credit provider in Australia, it is a requirement that we make sure our customers are not overwhelmed with a financial burden. 

At Ozzie Loans, we are upfront about all the fees and charges that are applicable to your loan, so you have a complete understanding of what you'll have repaid by the end of the loan. In most cases, repayments are made on a monthly basis, and these are fixed so you know what you need to pay each month. It is highly recommended that you link your repayment date to be synchronous with your regular income. Doing this means that it is much harder to miss making your scheduled loan payment. 

In addition to offering cash loans in Australia with competitive interest rates, we actively encourage our customers to make early payments. We believe in keeping loans flexible, and you can make additional payments at any time during the lifetime of the loan. If you prefer, you can even pay out the loan early. Additional loan payments and early pay-outs can all be completed without incurring any fees or charges. We believe that loans are a vital part of your finances and that you shouldn't be penalised for making an effort to pay them off early.