Small loans can do big things, especially with our help! Friendly Finance is the helping hand you can reach for when your finances get a little tight. When you’re looking for cash loans today, call on Friendly Finance. We are your one-stop-shop for consumer finance knowledge and information and your expert lender finders.
Friendly Finance specialises in finding lenders that can offer our customers the loans they’re looking for. We have access to a network of hundreds of Australia’s top lenders and you could too with just a few clicks of a button! We’re here to help in whatever way we can! Keep reading to find out more.
What does Friendly Finance do?
We are your friendly lender-finding service that can help you get access to quick cash when you need it. Simply submit an application with us and we will refer you to one of the hundreds of lenders we are associated with around Australia.
It is our sole purpose to help you find a lender that is suited to your individual situation. We take the stress out of looking for a loan and give you the support you need when times are a little tough. Forget scrolling through pages and pages of names of loan providers. Save your precious time and let us do the work for you! After all, that’s what we’re here for!
How does the small loans process work?
Some of the key details you should be looking at are the loan amount, minimum time to repay the loan (give yourself plenty of time), cost of borrowing, repayment terms, interest and other lending criteria.
Each lender has unique lending criteria – this means that, although one lender may not approve your loan, it doesn’t mean this will be the case with other lenders.
Our reputation is based on the relationships we have established with our providers. Friendly Finance is pleased to pass on the benefits of these relationships to our customers (you). Our company is dedicated to maintaining the highest level of consumer confidence and we look forward to serving the needs of Australians that require a small loan. If you are searching or easy small loans, you’re in the right place!
What are small loans?
A small loan, also commonly referred to as a short-term loan, comes in handy when you need to borrow money quickly. It’s not unusual to find yourself in a time of financial need, particularly if you are faced with an emergency. Small loans in Australia range from $100 to $2,000, however, more recently these microlenders have expanded their range of credit to offer larger loans of up to $5,000, or even $10,000 in some cases.
When you feel the financial pinch, it’s easy to get flustered and stressed out because of the situation. It’s important to keep calm and consider all of your options carefully. A small loan issued by a lender or creditor may seem like the most rational option if you don’t feel comfortable turning to family or friends for assistance.
Friendly Finance offers online access to a panel of lenders through a comparison table that is designed to provide you with accurate real-time information. You can also visit our calculator page to work out the total cost of the loan before you apply.
If you are looking for small loans, you can apply for $300 and up through us! It can be extremely time-consuming to go searching for loan providers, looking for the right deal – especially if this is your first time applying for a loan. That’s where we can help.
Can anyone apply for small loans?
Our lenders may approve anyone for a loan who meets their lending criteria. This is general criteria that all lenders must comply with as part of their duty as responsible lenders. Some lenders will have their own specific set of criteria. However, when applying for our services, you must be:
- At least 18 years of age
- Receiving a regular/minimum net income
- An Australian citizen or permanent resident
- Have an active mobile number and email address
If this sounds like you, see how we can help! Again, these are just the basic eligibility requirements. Lenders have their own set of criteria on top of this that customers need to meet in order to be approved for a loan.
Can I apply for small loans for bad credit?
You certainly can apply for small loans for bad credit! Our network of lenders can accommodate for most, if not all financial situations. Plus, you never know unless you try, right?
The beauty of applying for a loan through Friendly Finance is that you are not limiting yourself to one lender and one set of rules that may not suit you. You have options and having options generally means a higher chance of finding what you’re looking for!
Our lenders typically put more focus on your ability to repay small personal loans without putting yourself in financial strife. If you can show this in your application, and you meet the lender’s eligibility requirements, your credit score may have seen its last days of getting in the way of you and some much needed financial help! Small cash loans bad credit could be a few clicks away with us by your side.
What about small loans no credit check?
As we are associated with hundreds of different lenders, there is a varied mix of rules and processes. Many lenders will conduct a credit check in order to ensure that you won’t be doing further damage to your financial situation if they approve you for a loan. However, this is up to each individual lender and not for us to determine. The best way to find out if you can get small cash loans no credit check is to apply through Friendly Finance and see a clear display of what your options are.
Can you find small same day loans?
Nothing is impossible! In fact, some things are very possible. Like finding quick small loans in just one day! If you apply with us during business hours, we could have you matched with a lender in just a few minutes! From there, you’ll go through that lender’s application process and if everything goes smoothly, you could be approved that same day!
Processing times do vary from lender to lender and it’s best to chat with your matched lender about their application and approval processes to get a better idea of how long it might take. However, if you are looking for small loans fast, we’re the friends you want to ask for help!
How do I apply for small loans?
Easy! You can apply for small loans online! Simply use our loan calculator at the top of this page to enter the amount you want to borrow, then click the ‘Apply Now’ button!
From there, you’ll see our easy online application form pop up. Simply fill it out and click Submit and we’ll get to work putting together your options and finding you a suitable lender! If eligible, we’ll get started to work finding you a lender in no time. It may take us only a few minutes to find you a lender, depending on when you submit your application. After that, the process will vary depending on the lender you have matched with.
Can I get low interest small loans through Friendly Finance?
Submitting one single application with us means that you are gaining access to hundreds of the top lenders in Australia. We do our best to find you a lender amongst a variety of quality lender-partners. After you submit your application, we do our best to find you a lender as quickly as possible.
Plus, our application comes with zero obligation. This means that if we cannot find a lender with loan products that match what you are looking for, you have no obligation to continue with the process.
Can I apply for small loans for unemployed?
As we said, our network of lenders can accommodate many different financial situations, even that of someone who is unemployed. Based on the basic eligibility requirements, you do need to prove you have been earning some kind of income for at least 90 days to be able to qualify for any type of loan. However, if you are receiving Centrelink payments, for example, you may still qualify for a loan with one of our lenders.
What should I watch out for when applying for small cash loans?
If you apply with Friendly Finance, you can rest assured that we will only refer you to reputable lenders who you can trust. However, like most things in life, short term loans are not a one-size-fits-all and there are a few things you should consider before submitting an application with anyone. Some things to think about include:
Can you afford the repayments and will the loan benefit you in the long run?
This is the most important thing to look out for when deciding if you need a loan. Sure, you might need a boost in your cash flow right now but you want to be sure that, if you are approved for a loan, it’s not going to come back to haunt your finances.
Do you agree with the terms and conditions of the loan contract?
Since borrowing a loan is a legal responsibility for both you and the lender, it is important that you find something that works! You don’t want to commit to something that is, in fact, not a great fit for you or the lender.
How will this affect your credit score?
If your credit score has taken a few hits over the years, it’s a good idea to consider how applying for a loan might impact this further. However, a huge benefit of using Friendly Finance to find your loan provider is that you can access multiple lenders with just one application, rather than submitting multiple applications. This is something that can hurt your credit score, so we’re happy to have you covered here. However, have a good think about whether or not you are putting your credit score at risk by applying in the first place.
Ready to apply?
Otherwise, head to the top of this page and get started with your application.
We offer easy loans for everyday Aussies.
If you want more info about how to manage your money, visit the Moneysmart website!