Is It Possible to Get Instant Approval for Loans When I Need Cash Today?
The short answer is - YES. In "the old days" loan approval used to take a while and involved sitting in various loan companies filling out forms, then waiting for approval. Nowadays it's all online, and it's a lot quicker, especially when you use an online broker like WeLoans.
Just by filling out a simple online application form you can get connected to the right lenders who will present loan offers to you, which you can check and compare at your convenience.
Once you have decided on a loan and signed the contract, funding can be quick, and in many cases, the money will be in your account on the same day of applying.
What Can I Do to Improve My Chances of Getting a Loan With Fast & Easy Approval?
There are a few points you can check out to get a loan easily when you need cash today.
Make Sure You Meet the Eligibility Requirements
There are a few prerequisites for being approved for any loan in Australia. You must be 18 years of age or older and be an Australian citizen or lawful permanent resident. You must have had a job for at least 90 days and provide the lender with a way to reach you, such as an email address or mobile number. Always check if you satisfy what the lenders require before applying for a loan.
Make Sure You Can Afford the Loan Payments
Second, you need to be sure you have the money to pay back the loan. Depending on how much you borrow and how quickly you plan to pay it off, each loan repayment will cost you a different amount. So decide what you can reasonably afford to pay back, and only borrow what you can afford to repay comfortably.
Make Sure All the Required Documents Are in Place
Third, you'll need some proof of your financial situation so the lender can verify the information in your application. You'll need pieces of identification to prove your identities, such as a driver's license, passport, birth certificate, or Medicare card.
Paystubs and bank documents are also required so that the lender can confirm your income and financial standing. If applying online, you can either scan or take a picture of your documents to send to your lender. Plus. the website of your bank should allow you to download digital copies of your bank statements.
Can I Apply for a Fast Loan Even With Bad Credit?
Of course. Life can be difficult at times for everyone, and most lenders understand this when they look at your credit history and see a few problems. What matters is your current financial situation and your ability to repay a loan now.
To secure a cash loan regardless of your bad credit history, you should make sure you have no outstanding debts, or if you do, they are now being repaid on time, and that you have your financial affairs under control.
This is where using an online broker such as WeLoans can speed things up. We have lenders in our network who specialize in bad credit loans and we can help you to get the instant loan you need today.
Where Can I Take Instant Cash Loans for Bad Credit?
If you have bad credit, you will have fewer options in terms of borrowing money compared with those with good credit. Here are two common ways:
Lenders for Bad Credit
You can search the internet for bad credit lenders, and either apply online or visit their physical address. This process may be a bit time-consuming since you will need to fill out various application forms and wait for loan offers from different loan providers, so you can compare their terms and conditions.
Reputable Loan Broker
An easier and faster way is to use a reputable online broker such as WeLoans. You just fill out one online form and you will be instantly connected to the lenders in our network in Australia who will help with instant loans for bad credit.
You can check out the various lenders' conditions in the comfort of your own home, and when you have decided you can sign the dotted line and get your money within the same day or the next business day.
3 Steps to Get the Cash You Need Today
It's a breeze to get a loan through WeLoans, with three steps only.
- First, submit a loan request form with your personal details including name, age, address, phone contact, etc, as well as information about your financial situation.
- Compare the loan offers once you receive them. Our lenders will quickly send you various quotes which you can look at to see what best fits your financial needs.
- Upon comparison, you can select the best deal and sign the loan contract digitally online, and the money will be on its way to your bank account swiftly.
How Can a Quick Cash Loan With Instant Approval Help Me?
Life doesn't always go to plan, and just when you think you have everything covered something goes wrong. Maybe a vehicle breakdown, or a medical emergency. Perhaps a household appliance such as a fridge or freezer needs urgent repair or replacement, or even a sick pet needs an urgent visit to the vet.
In theory, we should always have some cash set aside for a rainy day, but that's not always possible today, as everything seems to be getting more expensive.
This is when you might need to get hold of some cash fast to solve the problem, and you will need to take out a quick cash loan when you need money today.
Are Cash Loans With Instant Approval Expensive?
Luckily for Australian residents, the government has capped loan fees and costs for small instant loans, so you will not have to pay more in fees than the original amount of the loan you borrow.
Most lenders charge an establishment fee or application fee, and this is called a maximum of 20% of the total value of the loan.
The maximum extra cost of the loan has been capped at 4% of the loan amount each month and is no more than 48% per year.
Can I Still Qualify for an Instant Cash Loan if I Live on Centrelink?
Many online lenders consider Centrelink benefits as stable income and will approve an instant cash loan to a borrower who is getting Centrelink social security benefits, as long as their total income is enough to cover the loan repayments and also provide for their regular monthly household expenses.