Easy Cash
1. What are Easy Cash Loans?
Easy Cash Loans are instantly accessible through an online application process that takes only a few minutes to complete. Usually, the lenders providing easy cash loans have a fast approval process, taking less than one business days to process, approve, and disburse the loan amount.
2. Types of Easy Cash Loans
There are two main types of easy cash loans available in Australia, including payday loans and small loans. Loans falling under these two categories are given out for a short term duration, and typically carry a high interest rate. While payday loans are usually capped at $2,000, you can get a small loan as high as $5,000.
3. Eligibility Criteria
To be eligible for a easy cash loan, borrowers must:
While lenders might conduct a credit check with each easy cash loan application, your credit score is unlikely to have an impact on the loan decision. Hence, applicants with a bad credit history can also apply for an easy cash loan.
4. Examples of Easy Cash Loan
Lender And Loan Type |
Max Loan Amount |
Loan Term |
Turnaround Time |
Expected Fortnightly Payment (on a loan amount of $1,500) |
Sunshine Loans (Short-Term Loan) |
$2,000 |
Between nine to fourteen weeks |
Around 30 minutes, provided conditions are met |
$396 |
Nimble (Short-Term Loan) |
$2,000 |
Between 62 days to nine months |
Around one hour, provided conditions are met |
$372 |
Safe Financial (Small Loan) |
$5,000 |
Between 22 to 52 weeks |
Same day, provided conditions are met |
$396 |
5. Advantages and Disadvantages
Advantages
- Fast loan processing and disbursement
- Easy online application process
- Accepts applicants with a bad credit score
Disadvantages
- Expensive borrowing option
- Small loan amount with short loan term
6. Application Process
Applying for an easy cash loan is simple, easy, and completely online. Simply log on to the website of your chosen lender, fill out and submit the online application form, and provide all necessary documentation.
The lender will review your application and should get back to you with a decision in minutes. If approved, the amount is likely to reach your designated bank account within minutes or the same business day.
7. FAQs
Are there any other alternatives to the abovementioned easy cash loans?
Yes, there are a few cheaper alternatives you may want to explore, such as a bank overdraft facility, cash advance on your credit card, or taking out a personal loan. However, all of these options require you to have a good credit score, a good relationship with the bank, and probably a higher income to prove sufficient affordability.
What is the maximum I can borrow under an easy cash loan?
$2,000-$5,000, depending on the loan type.
How long is the application process for an easy cash loan?
The application should not take more than five to fifteen minutes.