Is a bank loan your best choice?
Banks have traditionally been the main source of consumer finance for Australians; however, this has been changing over recent years. The current economic climate has resulted in banks tightening their pockets. This makes it difficult for average joes to apply for loans. If you do find yourself with a loan in your pocket, you will likely be offered unexpectedly higher interest rates.
Where can customers go to get their bank loans?
The advancement of technology within the consumer finance sector has led to a boom in online lenders. These unsecured personal lenders offer a fully online customer process that makes it quicker and easier to receive a loan between $2,500 and $35,000. Typically, a consumer visits the lender’s website, navigates to the application form and submits their details. The lender will ask for information like; contact details, address, employer information and bank details.
You may also need to provide additional documents (e.g. latest 3 months’ bank statements), and you can upload these documents via a secure website. When you click submit, most lenders will be able to provide an instant approval decision, and if approved, the money could be sent to you immediately. Unlike bank loans, the lenders we find don’t require a circus act to apply for a personal loan. A personal loan approval should take minutes, not days.
Online lenders are also able to offer loans at a cheaper cost of borrowing, making them affordable options. However, some consumers are still wary of these new providers and would prefer traditional bank loans because they know the brands. But don’t worry about researching to find the best lender! We can take care of that for you! We can do our best to find lenders that offer better rates. We want our customers to find the loans they need, without the hassle of bank loans.
What to look for in bank loans?
If you want to opt for a low-cost loan from an online lender (rather than a tiresome bank loan), but aren’t sure how to choose, Friendly Finance can help. Our comprehensive personal loan comparison table reviews products from some of the most established brands in the market. Here are a few things to look out for when comparing products:
- Is the lender licensed? – ASIC regulates the Australian loan space, and every lender should have an Australian Credit License (ACL number). This number is on the lender website, but you can also search the ASIC database if you are not sure.
- Loan Amount and Term – Does the lender offer loan amounts and repayment periods that suit your situation?
- Cost of Borrowing – Look for a personal loan with a low-interest rate as the cost of borrowing will be cheaper. Also, review the offer for additional fees associated with the loan. Some lenders may charge a monthly service fee for example, and this will increase the total cost of borrowing.
But instead of slogging through hundreds of google searches, why not leave it to the professionals? We can find the right lender for your finances, without the need for endless paperwork or tiresome meetings. Just simple online (friendly) finance.
Where to compare bank loans?
Friendly Finance provides a range of tools to make reviewing loans simple. First and foremost, we believe in transparency. That’s why we find lenders that are 100% upfront about all costs, so you’re not simply jumping in the fog.
Also, for your consideration, we provide comparison tables so you can consolidate the key information about a loan in one place. We list the loan amounts, fees, product features and company information to give you an overview of the company and offer within moments. You can also select the lenders that interest you and send their details to your email to review later. Finally, our loan calculator tools help you quickly assess the affordability of a loan. We’re here to help YOU find the best loan, so get in touch if you have any questions via firstname.lastname@example.org. You can trust that using Friendly Finance will leave you reassured in your loan selection.
Now, how to apply!
Skip the circus of bank loans, and apply for quick, easy loans the friendly way, with Friendly Finance! Applying for quick cash is easy with us and our super smart form. Trust us, when we see you’ll be done in minutes. Don’t believe us? Take a look at our application process:
Step 1: You Apply
Our personal loans application is 100% online. That’s right; you could be snuggling with the comfiest blanket and a cozy cup of coffee and apply for our loan-finding service. Or, you can access our service on the go with our mobile-friendly (pretty damn good) website! To apply simply scroll up and begin with our friendly slider! Select how much you wish to borrow and click the Apply Now button and that’s it! You’re already on your way to quick cash loans. Easy, right?
Step 2: We Search
Next, it’s our turn to work our magic. We’re here to lend you a helping hand and do our best to match you with a lender that is right for you. So, we comb through a multitude of lenders in search of the right loan provider to suit your situation.
Also, while we are on the hunt, keep an eye on your notifications. We might ask for some extra info to find your perfect match.
Step 3: A Decision
Within minutes of submitting your application, we’ll let you know whether we find the right lender. We don’t like cheesy suspense, and we certainly don’t want to leave you hanging. That’s why we work quickly to deliver an outcome. If we can match you with a lender, we’ll let you know straight away. Then, they will be in touch directly to sort out the finer details.
That’s it! Just three simple steps. And we do most of the legwork. We do our best to find the right lender that can make friends with your finances. We’re not in the business of creating enemies!
We search the market, so you don’t have to
Ever thought you could use a helping hand in consumer finance? Well, if you’re looking for a personal loan, then you’ve come to the right place! We help those who are looking to avoid the palaver of bank loans and opt for a more straightforward choice. That’s us! We do our best to match our customers with the right lender. And more good news, there’s no waiting around. Just fill out an application in only a few minutes, and we’ll deliver a quick outcome!
But, why Friendly?
That’s easy, we’re..well, friendly! We care about our customers and want our very best to find the right lenders. Lenders that you can trust. Trust decades of experience to find you the right option and deliver results fast. We are rising to become Australia’s leading loan-finding hub. So, we want to help more and more Australians connect with the easy finance they’re after.
We believe we can deliver stellar comparison rates based on our decades of experience working in finance. We know the industry like the back of our hand! Also, we are 100% online! That means there’s no pointless meetings and endless waiting lines – just simple, friendly finance. So, if you’re looking for bank loans, consider a personal loan to skip all the nonsense.
What personal loans do we find?
We find loans starting from $300 all the way to $15,000! So, you could say we can find loans for any occasion. Whether you’re looking for quick cash to see you through to your next payday, or perhaps some spending money to make your dream holiday possible – we’ll do our best to find you the loan you need.
What are unsecured personal loans?
Unsecured personal loans are simply personal loans that don’t need to be secured by an asset, such as a motorbike, car, boat or caravan. Typically, these loans have a higher interest as there is more risk for the lender. And unsecured personal loans are usually a small loan.
What are secured personal loans?
Secured personal loans are personal loans that do need to be secured by an asset. That includes either a motorbike, car, boat or caravan. With secured personal loans, the risk is less for the lender so you may find an affordable interest rate.
And guess what? We find both! So, whether you’re looking for unsecured personal loans or secured personal loans, scroll up and apply today.
What are short term loans?
A short-term loan is a personal loan with a principal from $200 to $2,000, with repayment terms between 16 days and 12 months. With flexible terms and easy repayments, short-term loans are perfect for a problem that needs a quick fix.
Who is eligible for low interest personal loans?
Of course, we don’t like to say no – we like to say yes! However, we do also adhere to responsible lending practices. That’s why we have a few simple requirements to meet before applying for our loan-finding service:
- Must be over 18 years of age
- Be an Australian citizen or permanent resident
- Be receiving a regular income into a personal account for at least the last 3 months
- Have an active mobile number and email address
And that’s it. Just those four little requirements and you’re ready to apply with Friendly Finance.
Do we conduct credit checks?
Often, a lender will do a credit check in line with responsible lending practices. However, don’t let that deter you from applying for quick and friendly finance. We can find friendly lenders that don’t merely look at your credit score, they also examine your current relationship with money.
If you haven’t guessed already, our lender-finding service is pretty damn friendly. And that includes the repayments offered by lenders we find. Often, the lenders we find set up a direct debit with your nominated bank account, so your loan repayments will automatically withdraw from your account. So, say goodbye to setting hundreds of reminders to make a repayment, only to forget. And say hello to Friendly Finance!
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