Fast loans

If you are looking for quick and easy loans, Ozzie Loans offers online loans from $5,000 to $50,000. With an entirely online application process, you can apply for personal loans in just five minutes, and in many cases, you’ll get an outcome within an hour. Once you’ve signed off on your loan, we can transfer the funds to your bank account straight away. So if you need to borrow money fast, then you’ve come to the right place.

What is a fast loan?

Like other personal loans, a fast personal loan gives you access to a lump sum of money that you will then need to pay back over a specified period of time, usually with interest added on. There will also be other fees and charges associated with the loan, such as application fees, monthly fees, annual fees, late payment fees and more. Each credit provider will have different costs, so you’ll need to be aware of these before taking out your loan. Using smart technology, money lenders have been able to speed up both the application and the approval process. With fast loans online, it may even be possible to get access to easy finance on the same day you apply for your loan.

How much money can I borrow through fast loans?

Depending on the purpose of your loan, you are likely to have an amount of money in mind that you’d like to borrow, so before going ahead with your loan, you’ll need to check whether the repayments on your loan amount are affordable for you. Online lenders, such as Ozzie Loans, have free online loan calculators on their website that can help you work out your borrowing capacity. You can add in your desired loan amount, preferred loan repayment period, estimated credit rating and your ideal repayment frequency. By adjusting these variables, you can better understand what combination will work best for you. You can also add up your liabilities (for example, any regular expenses or existing debts) and compare this with your income to see how much of a gap there is.

 When assessing your loan to determine how much money they are willing to lend you and the rate of interest they will offer, money lenders will consider a range of factors such as your employment status, your income, your living expenses and any existing debt as well as your credit rating. Suppose you are taking out an unsecured loan where you won’t need to provide an asset as security. In that case, the credit provider may also consider what you are planning on using the loan for when assessing your loan application. 

At Ozzie Loans, we cater to large and small cash loans offering unsecured personal loans from $5,000 to $50,000. All our fast online cash loans come with fixed personal loan interest rates, so you’ll know what your repayments will be each payment period before you agree to the loan. We are also upfront with our fees and charges, and they are all available for you to review online so that you won’t be stung with any unexpected or hidden costs later. And, we don’t charge early exit fees if you decide to pay off your loan earlier than expected. Rather than needing to fund expensive offices and physical branches, we provide fair and reliable financial products that are easy to understand. Even though we are an online business, our friendly team would be happy to talk to you over the phone or via email if you have any questions along the way. Get in touch with us today.

Does a fast loan require a credit check?

As Ozzie Loans is a responsible lender with an Australian Credit Licence, we will carry out a credit check as part of our fast loans assessment process before lending cash. We use your credit history in conjunction with other factors to make an informed lending decision. With new Comprehensive Credit Reporting (CCR) lenders, such as Ozzie Loans can now see both sides of your credit history rather than just the negative factors. Previously credit reports showed any defaults, late repayments and credit enquiries, but now it also reflects positive factors such as if you make your repayments on time. While we don’t automatically decline a customer who has a mark on their credit file, there may be some circumstances such as bankrupting, being in a debt agreement, or having a poor credit history where we might decline your loan application. It is important to us that we don’t lend you more money than we think you’ll be able to comfortably afford to repay. We don’t want to add any unnecessary financial stress to your life. We understand that your financial situation can improve over time, which is why we welcome you to apply again at a later date when you are in a better financial position. 

Ready to apply for fast loans? To get quick paying loans at Ozzie Loans, you’ll need to be at least 18 years of age at the time of your application, currently employed and a resident of Australia. If you meet this criteria, you should be able to complete our online application form in a matter of minutes without needing to provide extensive documentation. You may be wondering how we can offer such fast loans. Being a tech-driven business, we have streamlined the application process every step of the way. From smart technology that allows you to give us secure access to your last 90 days of bank statements during the initial application stage to machine learning algorithms to assist us in making fast, informed and accurate decisions during the approval process, we have streamlined the entire process. Once your loan has been approved and you have signed off on it, we’ll transfer the money straight to your bank account. Transfer times will vary depending on who you bank with, but in many cases, the money can be in your bank account within an hour. 

As with our personal loans, our line of credit also has a quick application process and fast online approval. If you need fast cash without all the hassle, apply online at Ozzie Loans today!