Do your finances need a little helping hand? You’re in luck. We are the experts in online finance and specialise in easy and convenient short-term loans. Friendly Finance (that’s us), makes ‘searching for a loan’ simple. Don’t bother with the hassle of rummaging through endless google searches to find the right lender. We do all the hard work for you. We find the right lender for your finances. So, don’t sweat hard times, apply with Friendly Finance for the right solution.
Who are we
Before we dive into the nitty-gritty of short term loans, we should introduce ourselves. We are Friendly Finance, an Australian lender-finder dedicated to finding quick loans. We find all kinds of easy, friendly finance. Firstly, there are short-term loans that start from, $300 to $2,000. Then, you can level up to a medium secured loan starting from $2,001 to $5,000. And finally, for the big monty, you can apply for large secured loans from $5,000 to $10,000! So, we find all kinds of loans to suit your financial needs. Whether, you merely need a few hundred dollars to keep your finances afloat until your next paycheck, or your furry companion has fallen victim to thousands of medical bills – Friendly Finance can lend a helping hand.
What are short term loans?
Short term loans are simply flexible personal loans starting from $300 to $10,000 and payable over a period of 12 to 24 months! They require little to no maintenance, as all repayments are made via a direct debit set up with your bank account. The short term loans we find also offer flexible loan terms. It’s up to you to decide how long your loan term should be. We want the borrower to have the power. Oh and another thing about short term loans – the whole application process is 100% online! With Friendly Finance, you wave goodbye to the days of pointless bank meetings and jumping through the ringer. We find hassle-free finance, no hoop jumping required!
Who is eligible for short term loans?
We want to find loans and give anyone a helping hand they need. However, we do have a few little requirements you must meet before applying for short term loans:
- Must be over 18 years old
- Be an Australian citizen or permanent resident
- Be receiving a regular income in a personal account for the last 3 months
- Have an active mobile number and email address
That’s it! Just those four little requirements and you’re ready to apply for short term loans. Just remember to check off all these requirements, to maybe avoid any unnecessary disappointment and a strike against your credit score.
What do you need to apply for short term loans?
Applying for short term loans is simple. Trust us. And to make it even easier, have these details handy before you begin to avoid the mad document hunt during your application:
- Reason for loan
- Personal/contact details
- 100 points of identification
- Internet bank credentials
- MyGov account details (if applicable)
- Employment information
If you have these 6 details handy before you apply for short term loans, we promise your online application will fly by. We like to have a friendly relationship with our clients, that’s why we want to provide all the necessary info to give you a helping hand.
How to apply for short term loans
We know this is the question on everyone lips. Well, we’re glad you asked because applying for easy finance is super simple. Our application is 100% online, so snuggle up with your comfiest blanket and a cozy cup of coffee to begin your application. Or, if you’re on the go, Friendly Finance is always in your pocket to lend a helping hand. Our form is paperwork-free, 100% online and only takes 5 minutes to complete! What’s not to love? Interested in how our application works? Find out here:
Step 1: You Apply Online
Applying online is easy. All it takes is an internet capable device, and you’re ready to go! Our application only takes 5 minutes to complete. When you think of things that take just 5 minutes, did you think a loan application would be one? Well, you’d better believe it! To start our 5-minute application, scroll up and select how much you wish to borrow and for how long. Then, you can choose how frequently you want to make repayments, either weekly, fortnightly or monthly. Remeber these costs are just estimates and are subject to individual lenders.
Once you are happy with your loan terms, click the Apply button and you’ve already started your short term loan application! Easy, right?
Step 2: We search our database
We want to help anyone find the right lender for their finances. And we don’t believe in cheesy suspense. That’s why we let you know if you qualify within minutes. Don’t worry, a friend wouldn’t leave you hanging. While you’re waiting for your conditional approval, keep an eye on your notifications for important info regarding your application.
Step 3: We find your perfect lender!
If you hear the good news (that you’re approved), we’ll get to work finding you the perfect lender. We know it can be hard to find someone that fulfils your every need, so that’s why we do the searching, so you don’t have to. Once we match you with the right lender, an individual from the agency will be in touch to go over the final details.
And that’s it. Just three simple steps to apply for short term loans. Now that’s easy finance.
No nasty hidden costs
Of course, when it comes to short term loan costs, the lenders determine the costs, not us. However, we can give you an estimate of the possible costs depending on your loan terms. We want to give our clients a friendly heads up, so don’t find any nasty surprises in your loan costs. Here’s a look at the possible costs of your loan, depending on how much you wish to borrow:
For small personal loans: unsecured small loans starting from $300 to $2,000
- Monthly fee: You’ll pay 4% of your principal
- Dishonour fee: Unfortunately, if you are late to make a repayment, your account may be charged a dishonour fee
For medium secured personal loans: secured personal loans starting from $2,001 to $4,600
- Monthly fee: You’ll pay an Annual Percentage Rate (APR) of 48%
- Dishonour fee: Unfortunately, if you are late to make a repayment, your account may be charged a dishonour fee
For large secured personal loans starting from $5,001 to $10,000
- Monthly fee: An annual percentage rate of 21.24% with a comparison rate of 46.3% P.A
- Dishonour fee: A default fee of $20-35 for failed payments
And that’s it. Just those 2 little possible costs for each loan. Simple, right? Of course, all costs are subject to each lender, so make sure you have a good look through your loan contract before signing. If you’re simply not gelling with your match (we get it – sometimes there’s just no chemistry), that’s fine; you can walk away from the contract without incurring a penalty.
What about repayments?
Good question! And good news, the lenders we find offer easy, time-friendly repayments. We know how long your daily checklist can grow and we want to check your repayments off the list. That’s why the lenders we find offer automatic repayments that link straight to your nominated bank account. Don’t worry – it’s completely safe and user-friendly. They offer affordable loans with easy repayments. With your lender, you can choose how frequently you wish to make repayments, either weekly, fortnightly or monthly. Here’s some friendly advice: we think it’s a good idea to tee up your repayments with your pay cycle. Then, you can avoid those possible dishonour fees no one likes.
Are you a bit of a commitment-phobe?
Well, you’re in luck, because the short term loans we find are commitment-phobe friendly! You can choose how long your loan term will be. Anywhere between 12 to 24 months. We recommend you design it to suit your current financial commitments. Our lenders structure your repayments to give you maximum breathing room. We find lenders that don’t want you to feel claustrophobic during your loan term.
Do we perform credit checks?
The short answer is yes. The lenders we find perform credit checks. We want to be your #1 friend in online finance, that’s why we only work with lenders that adhere to responsible lending practices. As a result, all the lenders we work with perform credit checks. However, we do find lenders that are more lenient than traditional lenders. So, we will assess your application and see if we can find a lender that can give your finances a helping hand they need.
What about bad credit short term loans?
Another good question! We do find bad credit short term loans, so don’t let the fact that we perform credit checks deter you from applying. The lenders we find don’t take your credit score at face value. They look for positives notes in your credit score, such as payments made on time, a long history and a variety of credit. They don’t think one missed repayments 5 years ago, should stop you from applying for finance now.
The lenders we find also look at your current income to see whether you can afford to repay your quick loan. That’s why we require all applicants to receive a regular income for at least 3 months. So, we find lenders that think outside the box and that are dedicated to finding finance for those who need it. And you can trust us to pair you with your perfect match. We’re a mate looking out for you and your finances.
Receiving Centrelink and after a short term loan?
Too easy. The lenders we find view Centrelink payments as a regular income as long as you’ve been receiving payments for at least 3 months! If you receive Centrelink payments you may have been knocked back by more traditional lenders, however, don’t sweat it, we are here to lend a helping hand.
Contact one of our friendly lender-finders today!
If you have any questions about the short term loans we find or any aspect of our lender-finding process, send through a quick message via our contact form. As you may have guessed, our loan-finding team is super friendly and ready to answer concern you may have. If you apply or enquire outside of regular business hours, we aim to respond to your enquiry within the next 48 hours.
Our loan-finding specialists are indeed friendly, but they also a bit busy, so give them 48 hours to respond to any requests. So, whether you’re looking to inquire about our loan service, or merely leave valued feedback – we can’t wait to hear from you!
Don’t wait – Apply Today!
So, are you ready to apply for a short term loan, with zero paperwork, easy repayments and upfront costs? Excellent. Just scroll up and fill out our simple application. And don’t forget you always have a friend at Friendly Finance.
Our secure application form takes 2 minutes to complete and you’ll have an initial decision within 60 seconds.
Have more questions?
Please contact us if you have unanswered questions, feedback on our service or reviews about providers. We love to hear from you.