The Best Loans Like Cigno Providers for Bad Credit Borrowers

Cigno promises quick approval and easy access to funds, which can be tempting. However, there’s their $1,000 limit for quick loans and a lack of information on the site concerning fees and interests (a potential red flag).

Fortunately, there are other loan options available that offer similar benefits without the drawbacks of Cigno loans. In this article, we’ll explore some of the best loans like Cigno for bad credit borrowers so you can make an informed decision and find the best place to get a loan that fits your financial situation.

3 Lenders Offering Bad Credit Loans Like Cigno

After reviewing 20 of the top quick loan providers in Australia, we’ve come up with a list of the best three lenders offering loans that anyone can get. Here’s an overview.

  • Orange Loans
  • Wallet Wizard
  • Cash Converters 

loans like cigno

1. Orange Loans 

Orange Loans take the first spot on this review as it provides a unique lending service that offers fast and easy loans like Cigno for customers needing financial assistance. With a streamlined application process and personalised service, you can find and apply for loans from $250 to $2,500.

Details about fees and pricing are visible on the Orange Loans website compared to other loans agencies. Interests go up to 48%; you can calculate it alongside the charges using their online calculator. 

Here are four benefits of using Orange Loans you don’t want to miss.

  • Orange Loans offers one of the best quick loans in Australia with easy approval processes. Many customers receive their funds within 24 hours of submitting their application.
  • You can get competitive interest rates for any loan with customisable repayment terms.
  • Orange Loans understands that many customers may have less-than-perfect credit and offers loan options for borrowers with bad credit or no credit history.
  • There’s a convenient online application process so you can apply for loans from the comfort of your home.

bad credit loans like cigno

2. Wallet Wizard

Wallet Wizard is our runner-up for money lenders offering loans that will accept anyone. They offer loans up to $8,000 to borrowers in Australia and boast instant decision-making, same-day cash transfers, and competitive rates. Additionally, they have a fast loan application process with no hidden fees or charges. 

We found that Wallet Wizard charges an APR of 47.8% and a Direct Debit Reversal fee of 10% for late payments after they have sent you a three-day reminder.

Here are four Wallet Wizard benefits.

  • Application to approval can take one hour, in which case you receive funds in your account on the same day, making it a great option for those who need fast cash.
  • Wallet Wizard is transparent about its fees, with no hidden costs or penalties for early repayment.
  • The application process is entirely online, making it convenient and accessible to apply for loans from anywhere.
  • Wallet Wizard offers competitive interest rates – a 47.8% APR which can be hard to find in this industry. 

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3. Cash Converters 

If you’re looking for loans like Wallet Wizard, Cash Converters will be a better match. They offer loans that always get approved (or mostly do) and range from $400 to $5,000. 

If we were to outline Cash Converters’s strongest benefits, they’d be the following:

  • A straightforward three-step online application process that allows you to apply from the comfort of your home.
  • Fast loan approval within 30 minutes of submitting your application. 
  • Cash Converters prides themselves on their transparency, with clear information about fees provided upfront to borrowers. 
  • They also offer a range of loan protection options to help you protect your credit rating and manage your debt.

Conclusion 

Cigno loans may seem attractive for those who need fast cash with bad credit. However, be cautious of their limitations and potential risks. 

You can try other loans like Cingo, such as Orange Loans, Wallet Wizard, and Cash Converters, with transparent fees, flexible repayment terms, and personalised service. Make sure to do your research and choose the best loan option for your financial needs.

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