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:

Be at least 18 years old and hold a valid Australian ID, such as a driver’s license.

Be a permanent resident or citizen of Australia.

Have sufficient income that proves affordability for the loan amount.

Be employed, with an income that makes up over 50% of the total income earned in any given period.

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

1 - 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.

2 - What is the maximum I can borrow under an easy cash loan?

$2,000-$5,000, depending on the loan type.

3 - How long is the application process for an easy cash loan?

The application should not take more than five to fifteen minutes.