When you find yourself in need of some extra cash, small loans can be a huge help! Small loans are a type of personal loan that can cover a variety of uses. Here at Friendly Finance, we can match applicants with lenders offering small loans from $300 to $15,000. These loans can be either secured or unsecured and have varying repayment periods depending on the model.
What are small loans?
Small loans are small in name only, because they can be a big help if you need a hand to cover some costs. At Friendly Finance, we can find lenders offering loans from $300 to $15,000. Small loans typically sit on the lower end of this scale, up to $2,000. These tend to be short term loans, so if you’re after a bit more cash there might have a longer repayment period.
Cash loans online are a bit different from bank loans. If you have applied for a loan from a bank in the past, you’re probably aware of their focus on credit scores. If you have bad credit, it can be extremely difficult to be accepted for a bank loan. However, online lenders may be able to provide you with a personal loan. These lenders tend to focus more on your current financial situation than your credit score. So, if your finances are in good shape but your credit score isn’t, one of these lenders could be what you’re after. Friendly Finance can help find them!
If you’d like to know more about small loans or personal loans in general, we recommend checking out the MoneySmart website. There you’ll find plenty of helpful financial information that can be useful for making your decision.
What can I use small loans for?
In modern life, there are so many opportunities for unexpected bills to come at us out of the blue. While a small loan can provide a welcome helping hand in those moments, they’re not just for emergencies.
Ever had an idea that you think would make an amazing business? Maybe you’re daydreaming one day or chatting with some friends and suddenly you have a brainwave. You know this thing is going to be a big hit, and you won’t have any problems getting others on board with it as well. The only issue is that you don’t quite have the cash on hand to get everything going. If you need a bit of a financial leg up to kickstart your business, a small business loan could help you out.
Instead of going it alone and searching “small business loan online apply,” why not apply with Friendly Finance instead? Our lender-finding service can save you time that you can instead use to plan your business. Unlike a business loan from a bank, a personal loan that you use for your business focuses on your personal financial situation. That way, you don’t need your business to be already established to get a personal loan that could help get your business up and running.
There are so many different possible uses for personal loans. If you think you could use a loan, apply with Friendly Finance and we’ll do our best to find a lender for you!
Where do I find small loans?
Once upon a time, you had to go to a bank if you wanted a loan, but no longer! Now there are a tonne of options out there, including a slew of online lenders. While having more choices is great, it can be hard to know which lender you should pick. After a long day at work, the last thing you want to do is spend hours on the computer researching and comparing lenders. If you don’t know where to start, what are you supposed to do? Search “apply for small loan online” and hope for the best?
Thankfully, you don’t have to go through the process of searching for small loans by yourself. That’s where we come in. Friendly Finance is a lender-finding service, and we can save you a lot of time when it comes to searching for a small cash loan online. Simply submit an application via our website and we’ll get to work on looking for lenders. If we find one for you then we’ll put you in touch with them as soon as possible, and you’ll be one step closer to completing your loan journey.
What makes Friendly Finance so good?
We’re your friendly neighbourhood lender-finders! There are a number of different benefits to using our service compared to looking for lenders all by your lonesome. Let us rattle some of them off.
- Save time
Applying for a personal loan can be exhausting. You could spend days gathering up the names of different lenders, comparing and contrasting them until you find one you like, then finally sending in your application. After all that effort, you can’t even be sure that your loan application will be approved. Friendly Finance can help to streamline this process. Simply make an application with us, and sit back and relax while we do our best to find a lender for you.
- Apply at any time
Part of the beauty of our service being 100% online is that it’s more convenient for you. No appointments and no need to miss work or other commitments just to get your application done. Instead, you can be lounging on the couch at home, watching TV and filling out your application all at the same time. How’s that for multitasking?
- Easy application
Waiting for you behind the ‘Apply’ button at the top of our website isn’t page after page of dense financial lingo for you to decipher. We know that the last thing you want to do with your time is sift through a lengthy application process, when all you wanted was a small amount loan online. We only ask for the information we need to start our lender-finding process. Our application is short, sweet, and to the point.
- Fast outcomes
Once you’ve submitted your application, we can start looking for lenders. If we find one for you we’ll leave you with them to sort out the loan process. Using our lender-finding service is that easy!
What do I need to apply with Friendly Finance?
Hopefully, we’ve convinced you how helpful our service can be in your loan journey and you’re raring to apply. One second! There are just a few boxes we need you to tick off before you can hit that button at the top of the page.
- Be at least 18 years of age;
- Be an Australian citizen and/or permanent resident;
- Have been receiving an income into a personal bank account for at least the past 90 days;
- Have a direct contact phone number and email address.
Yep, that’s all! Having these details means you should be able to complete an application with our lender-finding service. We don’t ask you to jump through hoops before you can apply. That’s why applying with Friendly Finance can be such a time saver!
How do I apply with Friendly Finance?
Applying with Friendly Finance is quick and easy. In contrast to searching “small loan online apply” and sorting through all the options, Friendly Finance can boil all that down into one application. Once you’ve made sure you’re eligible to use our service, use the slider to designate your desired loan amount and click apply.
You’ll then be taken to our application form. Here we’ll ask for some basic details. Don’t worry, it’s not 100 pages long and full of microscopic text. We only ask for the information we need to conduct our lender-finding process. Once you fill that out, click apply. You could be done in just a few minutes!
At that point, your work is done and it’s over to us to do our thing. While you’re focusing on whatever else you’ve got going on, we’ll get to work on looking for lenders. Many application processes take so long that they start to feel like a full-time job just to complete them. This can be frustrating and exhausting when you’ve already got so much on your plate. Friendly Finance is much simpler. You won’t be hunched over your computer for countless hours, and you can go about the rest of your day.
If we do find a lender for you, we’ll put you in contact with them to take the next step on your loan journey. We’ll keep doing what we do best: providing an easy and efficient lender-finding service for our applicants!
Can I apply if I have bad credit?
When talking strictly about bank loans, having bad credit can be a huge roadblock to getting the finance you’re after. However, if you’re wanting to get a small personal loan online, there are lenders that don’t judge bad credit so much. These lenders understand that a bad credit score doesn’t necessarily define you or your financial position. They can look at other details than just your credit score, and may be able to provide the finance that you’re after.
Like the sound of those lenders and want to find them? That’s where Friendly Finance comes in. Just like the lenders we mentioned, you can apply with our lender-finding service even if you have bad credit. You might be wondering, what even is bad credit? Your credit score is what banks and other financial institutions use to get a sense of how good you are with money. If you have a low credit score, it may be the result of late or missed repayments in the past.
There are a few different credit reporting agencies in Australia that use different scores. Here we’ll look at three of them: Experian, Equifax and illion. If you find yourself in one of the lower bands of the scales below, you might have trouble getting finance from a bank. However, bad credit doesn’t stop you from applying with Friendly Finance! Let’s see if we can find a lender for you.
|Excellent||800 – 1,000||800 – 1,000||833 – 1,200|
|Very Good||700 – 799||700 – 799||726 – 832|
|Good||625- 699||500 – 699||622 – 725|
|Fair/Average||550- 624||300 – 499||510 – 621|
|Weak/Below Average||0 – 549||0 – 299||0 – 509|
If you’re sick of searching for a small cash loan online, apply with Friendly Finance today!
Finding an online lender doesn’t have to be a huge hassle. If you’ve been searching for a way to streamline the lender-finding process, then Friendly Finance is for you. Our service is easy, quick and convenient to use, so you can spend less time focusing on looking for a loan. Why search for lenders any other way when you can have Friendly Finance do it for you?
If you’re curious about the Friendly Finance story, you’ve come to the right place! Our website has all the information you could want. You can visit the about us page to find out why we do what we do, and the FAQs section for any queries about our service. If you don’t find the answers you’re looking for there, you can submit a form via the Contact Us page and we’ll respond as soon as we can. We’re helpful in more ways than one!
So, are you ready to make finding a lender much easier? Submit an application with Friendly Finance today, and let’s see what we can do for you!