This help guide isn’t titled quick cash loans Australia for nothing! At Cash Australia we believe the speed and efficiency of our service is equal to, or better than, any of our competitors, and we think once you try us you’ll agree—so why not try us first?
Our loans are the ideal short term financial solution for all kinds of purposes across a wide range of the Aussie community.
With them you can borrow between $300 to $2000 with what we call a Small Amount Credit Contract (SACC). This type of loan suits you if you need that amount of money and a loan duration of between 16 days and 12 months also suits you. Conversely if you need between $2001 and $5000 you should be looking at our Medium Amount Credit Contract (MACC). This has a loan term of between 30 days and 24 months. Both of these loan structures are what’s know as unsecured loans, meaning you are not required to nominate any item of security to get approval.
With both there are some basic eligibility requirements that you need to be able to fulfill. For example you do need to be over 18 years of age to apply, you need to be a current Aussie resident and at least 50% of your income needs to be coming from an employer who pays directly into your bank account. You also cannot be, at the time of applying for the loan, bankrupt or subject to a Part IX Debt Agreement.
There are also a minimum amount of documents we need to process an application, but we really have kept these to an absolute minimum. We need a statement of the last 90 days of transactions in a bank account or accounts that your income goes into. We need a copy of your driver’s licence, if you have one, and your Medicare card number. Then we just need copies of your last two payslips and, if you’re receiving a benefit from Centrelink, we need a current income statement. That’s it for the docs!
With a lot of lending companies, once you apply, they just run all your details through a computer algorithm and the computer decides whether you get approved or not! We don’t do that. We’ve built our company on personal service and each application is assessed individually on it’s merits. And although we do conduct credit checks, if this process does throw up a negative credit report, in no way does this mean your application will not be approved.
Now, here’s a transparent breakdown of our fees and charges.
With our Small Amount Credit Contracts, we charge 20% of the amount you decide to borrow as the establishment fee. The monthly loan fee is 4% of the amount borrowed. That’s it—no other fees or charges on top of that.
With our Medium Amount Credit Contacts we charge a flat establishment fee of $400 and again the monthly loan fee is 4%. And again, no other fees or charges on top of that.
One of the reasons we’re able to keep our fees and monthly payments so low is that most of our service is offered online, so you as a customer are not paying us to run huge call centres and lease large impressive offices. Costs that other loan companies have to build into their pricing and pass on to their customers. We realised a long time ago that what customers want is honest and reasonable pricing, and we figure we can provide that best by keeping our in-house costs as low as possible.
This emphasis on providing honest service is probably one of the reasons we have such a high rate of returning customers. Incidentally once you’ve applied for a loan with us, anytime you need to do so again in the future, all you need to do is enter the username and password we provide you with, update your details if there have been any changes, provide current docs and we can instantly start processing another loan application for you. So, if for any reason you need a loan, and especially if you’ve struggled to get approval from banks and other lenders give Cash Australia a go instead. We think you’ll find our modern, innovative approach refreshing.