Getting quick loans nowadays has never been more convenient due to the presence of the internet. One can easily apply online and get the money on the same day.
In fact, there are many easy loans in Australia right now, and it’s only a matter of preference and suitability in deciding which one to get.
In this article, we’ll talk about the 4 loans you can easily get in Australia right now.
4 Easy Loans You Can Get Right Now
Here’s a brief roundup of some loans you can get easily in Australia.
1. Payday Loans
Payday loans might suit your needs if you want to get an easy loan right now. They’re small loans that you can apply for online in minutes.
There are hundreds of payday lenders today, and they usually require less documentation than other loans.
They also have easy loan approval.
What’s more, while they’re notorious for their high-interest rates, ASIC has regulated the fees imposed on payday loans. So, getting one is much cheaper than before.
If you want to apply for an easy loan right now, this one might be for you.
2. Credit Advances
Credit advances are offered by your credit union and sometimes other private lenders.
They’re comparably better than a payday loan since you can easily repay what you took as an advance through the credit union’s mobile bank before the billing statement arrives.
What makes them one of the easiest loans to get is how you can just transfer funds via your smartphone.
3. Pawnshop Loans
Pawnshop loans, easy loans as well, are secured loans. Technically, you pawn an item for cash, which is how secure loans work.
As long as you have a valuable item equal to the amount you’d like to borrow, you’ll get the cash you’ll need within a day.
4. Cash Advances
You can get cash advances from your employer. These are usually called pay advance loans or easy pay loans since employers will automatically deduct the amount you borrowed from your pay.
However, while it’s easy to get cash advances, you still need to double-check with your HR if you qualify for a cash advance.
Still, it’s one of the loans easy to get.
You can also have a longer repayment plan than other loans, extending for up to 36 months.
Conclusion
Deciding which among the aforementioned loans is the easiest loan depends on different factors.
A cash advance might be best for you if you’ve been employed for a long time.
Go for a pawnshop loan if you have too many valuable items at home you never use anymore.
If you’re currently unemployed or have no source of income, you might be interested in no-income loans.
Was the guide helpful? Check out these extra resources to delve deeper:
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- Can You Get a Loan Within Minutes?
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- Urgent Loans: The Need-to-Know
- How to Get a Loan Within 24 Hours
- How to Get Loans in 5 Minutes
- What to Do if You Need Fast Money
- Why You Should Get a Quick Finance Loan in Australia
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