With expenses to pay and no time to lose, can you afford to wait days to hear back from your bank. Or even face the barrage of questions and the wait from a traditional loan company? What about those strict credit checks that waste even more time?
What you need is a fast, easy cash solution. Say hello to same day loans!
Whether you’re planning a wedding or reeling from a nasty plumbing surprise, quick loans are the quickest way to get your hands on the cash you need, fast!
Best of all, you could apply for same day cash loans online in only a few minutes. How good would it feel to finish your application in the time it takes to make a cup of coffee?
So, what are same day loans and how do you get one? Let’s find out!
Same day loans
There’s always something we need to pay for and surprise expenses often seem to pop up at the worst times!
We can find lenders who offer fast loans to cover things like car repairs, flooded kitchens and bathrooms, and other emergencies. What’s worse is that when they strike, you need the cash right away.
Then there are those things that you know are coming. Like newborn babies and the expensive Christmas season. When they arrive, you’ll likely have some serious bills to pay before you can enjoy them to the fullest!
No matter what you need to pay for, there’s nothing worse than losing sleep over money. The more urgent the expense, the quicker your loan needs to be.
Easy loans are the most convenient way to get your expenses paid and your life back to its awesome self!
Same day loans take the fear out of your finances!
If there’s one thing that many loan customers worry about when they apply, it’s credit checks. But do you need to be that worried? First of all, have you checked your actual credit score? It may not be as bad as you think – in fact, it could be fine!
Australia’s main credit bureau, Equifax, scores every consumer between 0 and 1,200. The higher your score, the better your credit.
If you’re curious about your credit score, you can request a free credit report from Equifax. All you need do is follow their easy instructions.
Once you know your score, check to see if it’s 600 or higher. That’s what many loan companies need before they’ll approve your loan.
Just because your credit score isn’t super-high, that doesn’t take you out of the running for a personal loan.
Some companies even offer same day cash loans no credit checks. The loan company will consider your income, expenses and other factors when they process your application. So, what are you waiting for?
Can self-employed people apply?
When you apply through Friendly Finance, we’ll ask you to provide proof of income. If you earn a regular salary, that’s easy enough – but what about self-employed people?
Being self-employed shouldn’t stop you from applying as long as you receive regular income.
We may ask you to provide us with the details of your customers and your average monthly income. If you have any questions, feel free to ask the Friendly Finance team!
What income do I need to apply?
If you’re worried about meeting the minimum requirements for a same day loan, you can take a breather.
You don’t need to earn a huge salary to apply for a loan. Most lenders are more interested in how you manage your money. If your monthly budget is nice and balanced, your chances of approval will be even better.
How much can you borrow?
Same day loans range from $300 to $15,000 – the kind of cash that’s perfect to pay those surprise expenses!
When you apply for your loan, you can select the amount you want to borrow by using the slider on our loan tool.
The more you borrow, the higher your monthly repayments will be. Your lender will compare your monthly repayment to your monthly budget and finances when they assess your application.
As long as you can afford the monthly repayment for your loan amount, your chances of being approved are looking good!
How long do I have to repay my loan?
Same day loans are quick to apply for and quick to pay off! We find lenders that offer loans with repayment periods between 12 months and 5 years, depending on how much you apply for.
The length of time you choose to repay your loan will also affect your monthly repayment.
The great thing about applying for same day cash loans online is that you’re in control.
By choosing the loan amount and repayment time that suits you best, you’ll be applying for a loan that meets your needs and suits your pocket.
Who can apply?
If this is your first time applying for same day cash loans, you will no doubt have a few questions about how they work.
A lot of first-time customers aren’t sure how to apply for a loan – or even if they can apply for one. The good news is, if you meet these easy requirements, you can apply right away. You just need to be:
- Over 18;
- An Australian citizen or permanent resident;
- Earning a regular income for the last 90 days at least
- Able to provide a valid mobile number and email address
We’ll ask you to verify your phone number when you apply, so make sure you have your phone handy.
I’m a Centrelink customer – can I still apply?
If you receive a Centrelink income, you may have heard that it’s difficult or even impossible to apply with Friendly Finance.
Let’s clear up the confusion once and for all.
Aussie financial regulations are there to protect customers such as you. If you’re on Centrelink, your loan application may be a little different.
If you receive 50% of your income or more from Centrelink, the amount you can borrow may be lower. That’s to keep your monthly repayments nice and manageable.
How the Friendly Finance application process works
Are you ready to get going on your cash loans journey? Friendly Finance has a quick application process with possible same-day results! Here’s how it works.
First of all, head to our homepage and select your loan amount.
See that big slider? Move it around until you hit the amount you’d like to borrow, then click “Apply Now”!
Next, we’ll ask you to enter and verify your mobile number. Enter the PIN we send you by text message and you’ll be ready to move on to the next step.
Before we can process your application, we’ll ask you to provide a few details about yourself. It’s our way of getting to know you better.
Once you’ve entered your name, loan amount and repayment period, and the reason for your loan, you’ll be ready to move to the last stage of your application.
What documents I need to supply?
Congrats – you’re at the last stage of your application! This is the time when we’ll ask you to provide some documents so we can verify your details.
We may ask you to supply:
- Proof of ID – like a passport or driver’s license.
- Proof of income – your last pay stub.
- Internet bank login details
- If you’re on Centrelink, we’ll need your myGov account credentials.
- Depending on your loan amount, your income and other factors, we may ask you to provide more documentation. That’s why it’s so important to verify your mobile number, so we can contact you!
Once you’ve supplied the documents we need – that’s it! You can sit back, relax and wait for the results of your application.
We told you it was easy!
How long does it take for same day loan approval?
Time is money – and that’s why we match our customers with lenders who offer same day loans that are approved fast. As the name says, in most instances it’s a same day loan when you apply during office hours. However, once we have referred you to a lender, processing times may vary.
Apply outside of normal business hours – like at night or over a weekend – and we’ll process it on the next business day.
Hang in there – you’ll have an answer before you know it!
If everything looks great with your loan application we’ll forward it to one of the loan companies we work with.
Keep that phone handy! If your loan company has any questions, or if they need extra info from you, they will be in touch.
If you are approved, your lender will let you know how much your repayments will be. Then, they are likely to automatically deduct it from your bank account on a set day in line with your pay cycle for the life of your loan. However, final repayment terms will be outlined in your loan contract as they may vary from lender to lender.
What if I can’t repay my loan?
The best way to build a great relationship with your lender is to repay your loan on time. This really just means that you need to make sure you have enough money in your bank account for hen the payments are due to come out.
Now, there are times in everyone’s life when money is tight. If your financial situation changes, or you find yourself in a squeeze, reach out to your lender! Late payment fees can add up before you even know it.
It’s always a good idea to let your loan company know if you’re having trouble repaying your loan. They may be able to give you some extra time to pay or make a payment arrangement with you.
What’s the worst thing you can do? Keep quiet and hope for the best? Communication is key for avoiding unnecessary charges. If you’re in a fix, your lender is there to listen.
With any luck, you’ll pay off your loan with no hitches and be in good standing with your loan company. That way, you’ll be able to apply for loans with them again in the future.
How Friendly Finance have helped many customers like you
We’ve matched loads of customers with lenders that offer quick finances – and the results have been great! We’ve heard about dream holidays coming true. Fairytale weddings beyond imagination. We’ve even heard the stories of unexpected emergencies resolved with a same day loan.
Same day cash loans could be life-changing for you. Whether you’re looking to buy new furniture, pay for a diploma to boost your career, or change the tyres on your SUV.
All it takes is a few minutes – and something tells us you’re ready to apply!
Don’t put off the things that matter – apply today!
Are you tired of waiting for your year-end bonus to buy the things you need? Is your family longing for a holiday this year? Has it been ages since you serviced your car?
Don’t put off the important things in life because you think you can’t afford them. With quick money loans, you’ll be able to pay your expenses and live life to the fullest!
Now you know how same day loans work with Friendly Finance, what’s stopping you? Apply for yours today!