How to Take a Quick Cash Loan in Australia

Getting a quick loan nowadays in Australia isn’t impossible anymore. You can apply online, and you’ll usually get disbursement within the day. On top of that, the process requires fewer documents compared to banks. 

But what exactly is a quick cash loan? It’s a small personal loan that you can apply for online. You don’t have to go into a branch or talk to an advisor — you just fill out an application and wait for the approval.

In this article, you’ll learn more about getting a quick loan. So keep reading!

What this article covers:

How Can I Get a Quick Cash Loan?

Here’s how to get cash fast:

  1. Prepare the requirements: The most important thing is to make sure you have all the requirements ready. You can’t go to the next step unless you prepare them.
  2. Fill out an online form: Once you’ve gathered all of the requirements, it’s time to fill out the online form for the lender of your choice! This will take about 10-15 minutes only.
  3. Wait for approval: The waiting time for approval varies per lender. Some will only take five minutes, while some will take longer but rarely more than 24 hours.

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What Are the Requirements to Get a Quick Cash Loan?

While quick cash loan requirements might vary per lender, Orange Loans will only ask you for the following:

  • Contact details
  • Employment details
  • 100-points of identification
  • Internet banking details
  • myGov account details (only if applicable)
  • Your vehicle’s papers (registration, make, model, etc.)

Keep in mind that there are two types of cash loans: secured and unsecured. A secured loan is when you have collateral that the lender can take over if you don’t pay them back. An unsecured loan is when you’re borrowing money without giving up anything as collateral.

So, the last requirement listed above (your vehicle’s papers) is considered collateral and might not be needed if you get an unsecured loan. However, in that case, you can only borrow a lesser amount compared to secured cash loans. 

Also, some lenders might ask for additional info (more details about your employment and spending, for example). Whatever requirements they ask for, make sure to provide them to get your instant cash loan as soon as possible.

How Long Does My Quick Loan Application Take?

It’ll only take a few minutes for you to complete our online application. Once you’re done, we’ll pair you up with a cash lender. You’ll deal with them directly afterwards. 

They might require you to fill out another application on their website. In that case, the process might take longer than a few minutes.

quick cash loans

When Should I Take a Quick Cash Loan?

A quick cash loan can be the answer when you need cash fast. The best thing is that they allow you to borrow money quickly with no credit checks. In fact, they’re so easy to get that many people apply for one as soon as they need extra funds in situations like:

  • You have an emergency expense and don’t have time to wait for your next paycheck.
  • You want to buy something on sale now.
  • You want to get ahead of holiday spending.
  • You’re a single mother and need quick cash.

quick loans

Conclusion

A quick cash loan can be great for restoring balance to your budget. It’s fast, easy, and can be done with less hassle. If you’re looking for a way to pay off bills or buy items on sale, consider getting a quick cash loan today.

Was the guide helpful? Check out these extra resources to delve deeper: