Instant Loans in Melbourne Victoria

Worried about your credit score? At Friendly Finance, bad credit is not always an issue. Applying for a loan with us won’t impact your credit score, giving you peace of mind as you explore your financial options. Instant loan

Here’s why you can relax:

• No Hard Enquiry: Our application process involves a soft credit check, which means your credit score remains unaffected.
• Flexible Options: We understand that life happens, so we offer solutions tailored to your needs, regardless of past credit challenges.

This approach ensures you can confidently apply without the fear of damaging your credit standing. Whether you’re looking to consolidate debt or need a little extra cash, we’ve got you covered.

Friendly Finance loans are available in every state of Australia. But most of our borrowers are from Sydney, Brisbane, Melbourne, Perth, Adelaide, Geelong, Hobart, Gold Coast, Newcastle, and Canberra.

Interest Rates:

• Starting as low as 6.74% per annum.
• Can climb up to 24.49% per annum.

Comparison Rates:

• Begin at 8.13% per annum.
• Go up to 25.87% per annum.

These rates represent the overall cost of the loan, including fees and charges, presenting a clearer picture than standard interest rates alone.

Step 1: Input Loan Details

Begin by entering the amount you wish to borrow. Most calculators accommodate a range, typically between $5,000 and $50,000. This helps tailor the results to your specific borrowing needs.

Step 2: Choose Your Repayment Period

Select how long you’d like to repay the loan. Common options include:

• 3 years
• 4 years
• 5 years
• 7 years

Step 3: Identify Your Residential Status

Specify whether you:

• Rent
• Own your home
• Live with friends or family

Step 4: Evaluate Your Credit Score

Your credit score significantly influences the interest rate. Options generally range from:

• Excellent
• Great
• Really good
• Good
• Okay
• Not bad

If you’re uncertain about your credit score, services are available to check it for free through third-party providers, such as Tippla.

Reviewing Your Estimates

• Estimated Monthly Repayments: Once you’ve entered your details, the calculator provides an estimate of what you’ll pay each month.
• Example Interest Rate: Get an indication of what your annual interest rate might be, such as 6.74% p.a.
• Comparison Rate: This includes additional fees and charges, typically expressed as a percentage, for a more comprehensive understanding of costs, e.g., 8.13% p.a.
• Total Charges and Repayments: See a breakdown of all accrued charges and your total repayment amount.

Get a Quote

If you’re satisfied with the estimates, you can proceed to get a personalized quote. This inquiry generally does not affect your credit score, allowing you to explore your options without concern.

Utilizing these steps and leveraging online calculators helps demystify the financial commitment involved, guiding you towards informed borrowing decisions.