Instant Cash Loans With Guaranteed Approval in Australia

We know that, sometimes, life throws curveballs at us that challenge us financially. That’s where instant cash loans come in handy. 

Do instant cash loans have a hundred percent approval rate, though? 

Cash loans with guaranteed approval are possible in Australia. In fact, many Australians enjoy the benefits of instant cash loans because of how easy they can apply for them.  

Read on to learn how to get guaranteed approval for your instant cash loan.

What this article covers:

How to Guarantee Instant Cash Loan Approval?

To guarantee approval for an instant cash loan, you need to be eligible and to have all of the needed requirements. 

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Eligibility

Various lenders have their own eligibility criteria. Usually, you must:

  • Be at least 18 years old
  • Be an Australian with permanent residency
  • Have a steady flow of income for the past 3 months
  • Have a contact number and email address

There might be some cash lenders who only require fewer eligibility criteria. However, it’s preferable to meet all the above conditions to guarantee a hundred percent approval rate. 

Requirements

As far as the requirements you’ll need for approval, you’ll only need the following:

  • Complete contact information
  • Employment history or background
  • 100-points of identification
  • Internet banking information
  • myGov account details (if applicable)
  • Your car’s registration (for secured loans)

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Instant cash loans are short-term loans that mostly don’t require collateral. However, there are lenders out there that still require it. So, your car’s registration might be needed. It’s also much better to have collateral to guarantee your approval.

Let’s take a deeper look into the types of loans when it comes to attaching collateral. 

Secured Loans

Secured loans are types of loans that need collateral. This is the lender’s way of ensuring that they’ll get something in return if their borrowers default on their loan. 

The best form of collateral for guaranteed approval is a car’s registration.

Unsecured Loans

Unsecured loans don’t need collateral. These types of loans are abundant nowadays and they’re referred to as quick cash loans. They’re easy to apply for, but they have higher interest rates.

How Long Does It Take to Get My Cash Loan Approved?

It will usually take a few minutes, but some lenders might require 24 hours or up to two working days to approve your cash loan, especially if you’re a first-timer. 

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If you’ve applied for an instant cash loan before and have paid your dues on time, you’ll be able to request another loan with a hundred percent approval. 

If you missed a payment or there were discrepancies with your payment, the lender might need to reassess your application.

Can I Apply for an Instant Loan Again If I Wasn’t Approved the First Time?

It depends. Most lenders will advise you to reapply after 3 months; some will advise you to reapply after 6 months.

Always double-check that you’re eligible and have the right requirements because they’re usually the reason why someone gets rejected. 

Also, some lenders might require additional requirements after you’ve applied; they’ll usually contact you about this. 

Will I Still Be Guaranteed Approval If I Have Bad Credit?

Your instant loan application will still be guaranteed approval if you go for a secured loan since it usually won’t require credit checks. 

If lenders do check your credit, they won’t just make it the sole factor in approving your loan. They’ll look into other factors, such as your salary and attached collateral. 

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In short, even if you have bad credit, it won’t matter. Your collateral will weigh more. 

Keep in mind, though, that the collateral you attach is still subject to scrutiny. You can’t just attach any car or some other form of collateral they accept. They’ll have someone inspect the overall condition of it. 

Why will they inspect it? Because they’ll only accept it if they can sell it at a profit. Most car collateral is sold to dealerships and other businesses, who will then sell it to consumers. 

Some lenders may also request that you provide them with more than one type of collateral so that they can choose which one is most valuable to them. 

This means that even though your car might be worth $5,000 in cash, if another form of collateral is worth $6,000, then the lender may only accept the latter as part of your loan agreement.

Who Can Give Me Guaranteed Instant Cash Loan Approval?

There are many lenders that can give you guaranteed approval in Australia, especially if you need cash fast today. The problem is how to find them. That’s where we, Orange Loans, come into the picture. 

Basically, we’ll find lenders that have high approval rates for you. However, we can’t guarantee that your loan will be approved since you’ll be dealing with them directly once we’ve paired you up with them. 

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Conclusion 

Getting guaranteed approval for your instant cash loan application isn’t just a walk in the park. There are several factors that affect it, such as meeting the eligibility criteria and having the right requirements. 

Also, although you have the right requirements, some lenders might require additional ones. Your approval rate will still be subject to whether or not you can provide the additional requirements they’re asking for.

Lastly, for secured loans, you can’t just attach any collateral and be guaranteed approval. Lenders will still need to make sure it’s profitable.

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