Short Term Loans

Short term loans are, as their name indicates, only for a short period of time. The usual amount of time is between 16 days and a year, so are the ideal loans if you can pay off the loan fast. 

Short term loans may be for a smaller amount than a regular personal loan over a longer term. Therefore, you might just want to check out how much money you will need for your plumber or course or whatever it is you are borrowing money for. This is just to make sure you are choosing the right kind of loan. If you need more than a short term loan may offer, then perhaps you might need to check out other options such as a credit card, virtual or otherwise, or longer-term personal loans. A longer-term loan will usually offer a higher amount of borrowing capacity, and a credit card will offer a continual line of credit that you can use whenever, provided you continue to pay it off, of course. At Ozzie Loans, we offer loans of up to $50,000, so we may have a little different to the average money lender.

You will also need to check out if short term loans are right for you by putting some numbers into a personal loan calculator and working out how much the repayments are going to be. As the repayment period is much shorter, then you are going to have to come up with the money faster. A quick check will help you to ensure that you can afford to repay your loan. In the case of short term loans, the repayments may be by direct debit straight from your bank account, so you need to be sure that the right amount of money will be available when the direct debit occurs. Defaulting on a loan, short term or otherwise can be detrimental to your credit score, so it’s best to be informed and sort your budget to cover repayments before you borrow.

You’ll also need to check out the details of the fees and charges that might arise when you take out any short term loans. Fast cash may be a little bit more expensive to access because you may be paying for the convenience. Whether this is the case with the money lender you choose or not, you’ll want to look for money lenders who are upfront about the fees and charges as well as the interest rates, so there are no nasty surprises. Ozzie Loans tailor our loans to suit the individual customer, and we are transparent about the fees and charges, so you know what to expect straight up.

How to get a short term loan?

Nowadays, it is really easy to find and apply for cash loans online, including short-term loans. Ozzie Loans is a money lender that offers a quick and easy online loan application process for all our loans, including short loans and our credit card. The process is fast – taking about five minutes - and there is no fussing with tons of paperwork and documentation. What we will take into account is info such as online bank statements, income, credit history and other financial information. This is to ensure that we can maintain our policy of responsible lending and don’t want you to borrow money that we think you can’t afford. Also, it helps us to tailor the loan to suit you. If you have a positive credit history, then we take that into account and can offer better terms on short term loans, including on fees and charges. In addition, you need to be eligible to apply online for our short term cash loans, so the basic minimum requirements before we even take into account anything else are that you are over 18 and an Australian resident. 

If you are eligible and subject to approval, then the money for your cash loans can be in your bank account the very same day – in fact, maybe even within minutes, ready to ease your cash flow situation. If you are applying for a virtual credit card, that can be ready for use within minutes instead of within days. Ozzie Loans understand that you want the money you need fast, and you want to access it easily. From short term loans to credit cards, Ozzie Loans has got you covered.