Your washing machine flooded the kitchen. The water heater blew a gasket. Your car won’t start. Kids need new sporting equipment for school. The family needs a holiday! You find yourself in desperate need of cash loans to make life a little less stressful!
No matter what life throws at you, there’s one thing you can be sure of: it’s probably going to cost you. When expenses pop up out of the blue, it can be enough to send your finances into a frenzy – especially when payday is weeks away!
Some loans are hard to apply for – especially cash loans for really bad credit ratings! And it can be difficult to go around borrowing cash from friends and family.
At Friendly Finance, we know what it’s like to be in a pinch. That’s why we offer our customers a fast, convenient solution to pay their urgent expenses.
Here’s all you need to know about cash small loans – quick and easy cash, when life throws you lemons.
What are cash loans?
When you’re strapped for cash, it’s easy to start feeling discouraged – but we want to help find a lender that can offer you the cash you need. Cash loans ranging from $300 to $15,000 can really help when your finances are looking a bit grim – but what are they and how do you apply for one?
Cash loans are unsecured, which means you don’t need any form of collateral to apply for one. But wait – what’s collateral? It’s no more than financial speak for something valuable that you own – like your car or home.
With unsecured cash loans, you won’t be risking your most valuable possessions when you sign your loan agreement. Now that’s a huge weight off your shoulders!
When you apply for cash loans, there’s nothing like going in with your eyes open. Be sure to look over all your options and consider which type of loan is best for you.
Knowing how much your repayments and other fees will come to each month will help you budget like a pro. You’ll also find it easier to make your payments on time – and that’ll make you every loan company’s dream customer!
Are cash loans for unemployed people possible?
No one is ever prepared for the harsh things that life can throw at them. Financial hardships are tough anyway, but losing your job and being unemployed can cause immense stress. Just know that you are not alone.
There are options out there for someone looking for a short term loan to tide them over. But you won’t usually find them at the retail banks!
At Friendly Finance we work hard to find the right cash loan solution to cover most circumstances. Unemployed, a Centrelink customer, a bad credit rating? Our trusted partners completely understand how financial situations can change overnight. They know that your needs are completely unique to the last customer they helped.
With our comparative website you can search for cash loans for unemployed people, and analyse the best offers.
Let’s take the headaches out of finding a cash loan!
At Friendly Finance, we keep things simple and easy.
The comparison tool on our website reviews hundreds of trusted lenders. You’ll be able to see each loan provider’s rates, fees and the cost of borrowing before you click “Apply”.
You can complete every step of our application process 100% online – now that’s a great way to save time and hassle! Friendly Finance is here to help you find the best type of loan to apply for.
We can’t guarantee approval of your loan. But knowing what type of loan suits your financial situation should improve your chances.
Cash loans are one of the most popular loan types for amounts of $15,000 and lower. If you need to borrow more than this amount, you’ll want to consider a personal loan, overdraft loan or credit card.
If cash loans are what you need, we’re ready to help you find one! Here’s what to do next.
Finding your lender
Have you ever tried searching for cash loans online? With all the loan companies and products that come up, you’ll know what they mean by information overload!
With expenses that need paying ASAP, who has time to wade through all those search results? Finding a loan that suits you from the 1000s of lenders out there could leave you even more frustrated. And how do you know you’re dealing with a reputable lender?
We take the hassle out of finding a lender
We search the market to find lenders who are a good fit for our customers. That means faster applications and fewer headaches along the way.
Our loan comparison tool will show you the info you need to know about each lender. This includes things like:
- The loan amounts they are offering;
- The terms (repayment times and amounts);
- The fees and costs involved in the loan.
To find our loan comparison tool, simply scroll up!
Once you have decided on the cash loan amount – you’re only two questions away from making a wise loan decision.
- How long will you need to repay the loan?
- How much will it cost you?
Once you’re happy with your proposed loan terms, click the apply now button. Just remember that all costs are just an example, we cannot guarantee the costs of individual lenders.
Once you’re feeling good about your proposed loan, click ‘apply now’ to start the application process.
What documentation will I need to provide?
So, you’re applying for cash loans and everything is going great – but wait, now we’re asking you to submit documents? No need to stress – just add a few details, like internet banking details and MyGov info and the lender we find should pull the info they need electronically. Best of all, it’ll only take you a few minutes!
Before you finish off your application, double check all your info is correct before submitting, so we can get to work finding you a lender straight away.
Once that’s done, we’ll be able send your application on to the lenders we find, and we’ll let you know if you find you a match.
The exact documents needed differs between lenders
Most cash loans lenders have automated credit assessment technology. That means they’ll be able to review and analyse your documents online. So, in other words, no pesky paperwork! No wrestling with your scanner or searching through piles of documents to find the right one.
However, depending on the lender, here are some of the documents you may need to provide:
- A form of ID, such as a driver’s license, passport, or Medicare card.
- Payslips or other proof of income.
- Copies of bills, or other liabilities.
- Copies of other credit contracts, or statements of accounts.
- Rental statement.
We cannot guarantee what a lender will ask for, so it’s best to have all your records ready to go.
When you have expenses weighing on your mind and need cash loans fast – time is money. We know you’re keen to get your loan application done. That said, we don’t want you rushing into a loan that turns out to be bad for your finances.
The landscape of online finance can be confusing. That’s why Friendly Finance is ready to find you a lender that can offer fast cash loans when you need it most. Our advanced technology offers simple solutions that work. That’s why we designed our website to be quick and easy to use. You can complete our loan applications 100% online.
What happens after I apply?
Once you’ve entered your details and completed your application, it’s time to sit back, relax and let us do the rest. We know how valuable your time is, and that’s why we aim to process every application as fast as we can.
If everything goes well, you’ll hear from us on the same day you apply.
You’ll want to double check the contact details you use on your application. Why? Because we’ll need those to get in touch with you.
After we look at your application and make sure you qualify for our lender-finding service, we’ll be in touch. One of our team will inform you that your application is being sent on to a loan provider, and you’ll hear from them soon.
From this point on, the ball is in your lender’s court. We’ll connect you with the provider who can assess your application. If you’re approved, you should sign a loan contract and then, have the cash you need before long!
Approved! Now what?
If your application for cash loans is successful, your loan company will contact you with the good news.
They’ll provide you with all the details you need to manage and repay your loan with no hassles. These could include:
- Your weekly, fortnightly or monthly repayment amount.
- The duration of your repayment (weeks or months).
- The date on which they’ll debit your bank account.
- Any fees and charges that you’ll need to pay.
Your loan provider may charge you a loan initiation fee on approval of your loan. You’ll also need to pay interest on your loan – and they’ll tell you exactly what your interest rate will be.
Questions about your loan agreement? Don’t hesitate to ask your loan company representative. They are there to help!
Repaying your cash loan like a pro
Cash loans are a fast, easy way to pay those pesky expenses.
If your loan is approved, the next step is repayments! Here are some tips to help make your repayments on time:
- Once you know when your repayment date will be, make sure you have enough money in your bank account to cover the debit order.
- Do you have more than one bank account? Your loan provider will likely debit the account you entered in your application.
- For most people, that’s the current account that their salary is paid into.
- With most lenders, your repayment will be debited from your account automatically, this will follow an agreed upon schedule.
There are times when life deals us an unlucky hand – especially when it comes to money.
If your financial situation changes while you’re still repaying your loan, you may find it difficult to make your payments on time. Should this happen, you’ll need to let your loan company know right away. Most loan agreements include penalties for late payments.
If your loan company is unable to collect a payment from your bank account, you could be charged a penalty fee. Over time, these can add up – so if you can’t make a payment, call your loan provider and they’ll be able to advise you on what to do. If you’re unable to make a repayment make sure to give your lender at least 24 hours’ notice, so they can do their best to sort out an alternative payment schedule.
Tired of worrying about the things you need to pay for? Apply with Friendly Finance today!
Don’t let money worries weigh on your mind a minute longer – cash loans are the easiest and quickest way to get the money you need.
You can say goodbye to financial worries and anxiety in a few minutes. Just scroll up, enter the amount you’d like to borrow, and get the ball rolling! Whether you need car repairs or a new bicycle – we’ll connect you with a lender that meets your needs.
Don’t put your life on hold over money – just scroll up and apply with Friendly Finance today!