On The Spot Loans

If you are looking for quick and easy cash loans, Ozzie Loans offer fast personal loans from $5,000 to $50,000 that can be used for a wide range of purposes. The application form is completed entirely online, so you won’t need to waste time in face-to-face meetings or spend hours on the phone. In some cases, the money can be in your bank account on the same day you apply. With flexible repayments and no early exit fees, if you decide to pay off your loan early, fast cash loans from Ozzie Loans could be just what you are looking for. Contact us today to see how we can help you quickly get the easy finance that you need.

How do on the spot loans work?

Like other personal loans, on the spot loans involve borrowing a lump sum of money from a bank, credit union or an online money lender that will need to be paid back (usually with interest) over a specified period of time. As well as paying interest, there are typically other fees and charges associated with the loan, such as establishment fees, accounting keeping fees, annual fees and more. There are many different personal loans available, all with different terms, conditions and features, so you’ll need to be aware of these before going ahead with the loan. 

When choosing the best loan for you, other factors are whether to apply for a secured loan, where you’ll need to provide an asset as collateral, or an unsecured loan where providing security is not required. On the spot, loans can also come with either fixed or variable interest rates. One advantage of applying for a fixed rate personal loan is that you’ll know upfront what your repayments will be each payment period, which can be helpful for budgeting.

The interest rate you will be offered for on the spot loans will depend on the money lender you take out your loan with and your own financial circumstances. When comparing interest rates, it’s a good idea to look at the comparison rate as well, as this factors in some of the fees and charges, giving you a better idea of how much the loan will actually cost. Comparison rates are not always calculated the same way. So you’ll need to check how it has been calculated. Ozzie Loans offer fast online loans with competitive fixed interest rates. Rather than having one interest rate offered to all customers, your interest rate and borrowing capacity will be determined by your specific financial circumstances.

Are there eligibility criteria for on the spot loans?

Although loans will be processed quickly on the spot, you’ll still need to meet certain criteria to be eligible. To apply for a personal loan at Ozzie Loans, you need to be a resident of Australia, currently employed and at least 18 years old at the time of your application. If you fulfil these criteria, we will consider factors such as your income level, living expenses, and any existing debt or other financial obligations when determining your rate of interest and the amount of money you can borrow. Being responsible lenders, we will also look at your credit history as that can give us an idea about how likely you are to be able to meet your repayment obligations on time. However, we don’t automatically exclude anyone who has a mark on their credit file. If your loan is not approved for any reason, you are welcome to re-apply at a later date, as we know people’s financial circumstances can improve over time.

How to apply for an on the spot loan?

One of the most convenient ways of applying for a loan is online. And many lenders provide details about their loan products on their website, such as their costs and features, making it easier to compare different loan options. You’ll also find several free online loan calculators and other tools that can help you when deciding how much money you can afford to borrow and the optimal loan term. 

If you are applying for a loan at Ozzie Loans, the whole process is done completely online. You can apply for your loan from your laptop, tablet or mobile phone without leaving home, and in many cases, you won’t even need to make a phone call. Being a tech-savvy lender, you can give us secure access to your bank statements from the past 90 days by providing us with some banking details. The information is read-only so that we won’t have access to your password and, of course, won’t be able to touch your account. This information allows us to verify some of your financial information without requiring you to collate and submit loads of documentation. This can save a lot of time if you are looking for on the spot loans. And if you are worried about the security of your data, Ozzie Loans uses the same online security measures as other banks and reputable payment companies. 

As well as a speedy application process, our assessment process is fast too. Our proprietary loan management platform means we can assess financial and social touchpoints in real-time, giving you a very quick outcome, sometimes in a matter of seconds. Unless your financial circumstances are particularly complicated, we should be able to let you know whether your loan has been approved on the same business day. In some cases, it can be in a matter of minutes. Once you’ve agreed to the loan terms, we can transfer the money to you. Transfer times will vary between banks, and it will generally take a bit longer if you apply outside business hours, but as soon as the money hits your bank account, you can start spending! 

Whether you need a $5,000 loan to get on top of some bills, a $10,000 loan to do some home improvements or a $50,000 loan to buy a new car, Ozzie Loans offer personal loans large and small. If you need fast cash loans Australia, apply for a personal loan today, and the money could be in your bank account before you know it. If you need money in a hurry, then you’ve come to the right place!