Find The Most Popular Quick LoansUpdated October 2019

Quick loans can be difficult to choose, luckily here at Mammoth Investor we’ve compiled all the information you need on one page.

Website Loan Amount Loan Duration Interest Cash Deposited In Visit Site

www.credit24.com.au
$500 - $2000 6 - 12 months 20% of loan amount + 4% of loan amount each month Same day – conditions apply Visit SiteView Larger Loans

www.nimble.com.au
$300 - $2000 62 days - 2 years 20% of loan amount + 4% of loan amount each month 1 hour - conditions apply Visit Site
View Larger Loans

www.ferratum.com.au
$500 - $1900 3 - 6 months 20% of loan amount + 4% of loan amount each month Same day - conditions apply Visit Site

www.walletwizard.com.au
$500 - $2000 Up to 2 years 47.8% Annually 3 hours - conditions apply Visit SiteView Larger Loans

sunshineloans.com.au
Up to $2000 9 - 15 weeks 20% of loan amount + 4% of loan amount each month 30 minutes - conditions apply Visit Site

www.fairgofinance.com.au
$500 - $2000 3 - 12 months 10% of loan amount + 2% of loan amount each month 1 Business day Visit SiteView Larger Loans

www.capfindirect.com.au
$500 - $2000 6 - 12 months 20% of loan amount + 4% of loan amount each month Overnight Visit SiteView Larger Loans

www.360cashloans.com.au
$150 - $5000 2 months - 2 years 47.83% Annual Repayment Rate (varies - check your specific loan amount) Same day upon approval Visit SiteView Larger Loans

The providers above are the most popular when it comes to quick loans, we hope this list helps you find out some basic information about each. Before deciding which provider you will go with, first decide if you need a loan and then do some in-depth research. Seeking help from a financial advisor might be the best course of action as loans can often get you in a more complex situation.


Melissa

Mammoth Investor
Founder

Choose Wisely

Make sure to research each provider and what they are offering. If you can't find any solid information and they aren't upfront about their charges and interest structure then they are likely much higher than competitors.

It's important to get a lay of the land and make sure you are choosing a loan amount that is reasonable and realistic to pay back on time. In our table, we've displayed the basic information about each provider but we urge you to do more research on their website, contact their support team and come to a final decision.

About Quick Loans

Sometimes the unexpected can happen which leads us to need money right away. As a result of these surprise occurrences, quick loans are available to get us out of the sticky situations.

A quick loan will provide you with nearly instant money through minimum effort. Due to the simple, speedy nature of quick loans, they can be complete lifesavers when things do not go according to plan.

What Exactly Are Quick Loans?

Quick loans are precisely what their name suggests – a loan that gives you near-instant access to the money you need. Due to the speedy transfer of these money advances, they are great for when you just need that bit of extra money right away.

When you apply for a quick loan, you can receive the full amount of money within a few hours, or on the next business day. Essentially they are for when you do not have the time to wait around and worry.

Quick loans are focused on the short term, and basically, anybody can apply for them. That is to say that you could have a good or bad credit rating and still receive the loan amount. Due to this easy, short-term nature of quick loans, it means that the amounts generally aren’t enormous sums of money.

Most lenders will offer you between $100 to $2000, however, some may loan as much as $5000. The amount you can receive depends on which company you use, what you earn, and what your credit rating looks like.

There are quite a few companies out there that specialise in quick loans. You can easily find these companies and offers online. This online presence of quick loans means that they are simple to apply for over the internet without any major fuss.

When Will A Quick Loan Help You?

We all know how crazy life can be at times when you least expect it. Sometimes things will just get out of hand without you being fully prepared for it. With this in mind, when you do get hit with a difficult financial situation that needs a sudden solution, quick loans are there to instantly help you out.

Due to the super swift nature of quick loans, it means that they are not necessarily best suited to handle long-term problems. As these advances are based on a short-term approach covering a smaller amount of money, they should only be taken out when you need a quick fix to one problem. If your financial problem is greater than what one quick loan can handle, a different solution may be wiser.

The great drawcard of quick loans is their convenience factor. All you need to do is apply online through a computer, smartphone or tablet. Applications can be approved in minutes, making your life a whole lot easier. Once approved, your payment will then arrive in a flash.

How Do Quick Loans Work?

I’m sure at this stage you’re wondering how such a convenient and speedy working loan system actually works? Although many financial services may seem complex, quick loans are really very simple versions of money lending.

First off, quick loans are dealt with on an online basis. This means that you simply need to search for different quick loan options and select the right one for you. Once chosen, all you need to do is fill out the quick application process online and wait for approval.

This approval will be granted within a few minutes to a few hours, but it will never take a significant amount of time. After this, the money is swiftly sent through to you.

A noticeable difference with quick loans is that they do have a higher cost than traditional ones. Because they run off a more rapid turnaround time and are so easy to obtain, the fees can be slightly higher than other credit extensions.

However, as they are smaller, more manageable amounts, many lenders offer the option to pay the loan back early. If you want to cut down on fees, then this is a very useful option.

Can You Take Out More Than One Quick Loan At Once?

The short answer to this question is yes, you definitely can. If you already have a quick loan taken out and want to apply for another one, there are many lenders that will not let this be a problem and will grant you another loan.

The risk involved in taking out more than one loan will mean that your credit score will probably take a hit. This will not look good for your financial situation and will make borrowing further more difficult.

However, quick loans are often based more on your income situation than your credit score. As these loans are of a quick turnaround nature, it will mean that different ones can be taken out at the same time.

The general rule is that lenders will want to know that you can make your loan payments on time. If this is the case, then another loan may not be difficult to acquire.

Just remember that quick loans should be used as solutions to immediate emergencies and not long-term problems. It is not necessarily a good idea to constantly rely on quick loans – rather take them out when needed for individual events.

What Kind Of Fees Are Involved In Quick Loans?

As is the case when taking out any sort of cash advance, there will be more costs than just paying back the amount of money borrowed. They will come with paying off the interest rate as well. This interest rate which you are given depends on the type of credit which you get.

Quick loans can often have slightly higher interest rates and fees because they are so convenient and easy to come into. The terms are shorter which can result in bigger fees.

However, with quick loans, there is often the opportunity to pay back the amount early. This will help you to save on those difficult fees.

When looking for the right quick loan, it is vital to make sure that your lender is transparent with the fees. When it comes to taking these advances there can be application fees, disbursement fees, late payment fees and prepayment penalties.

It is these hidden costs which can add up. Make sure that your lender is reputable and transparent in this regard. If you know exactly what you are getting into, you will not be brought down by these difficult to handle hidden fees.

How Do You Apply For A Quick Loan?

There are many different companies out there that offer quick loans, each with their own pros and cons. In order to apply for one of these, a simple online application is all that needs to be done.

Once you have found the right option for you, the online application process does not take long. Generally, lenders need to see a copy of your bank statement and proof of income which can be sent through as a PDF.

As long as you are over 18 and can prove that you have a stable flow of money coming through, it should not be difficult to receive a quick loan. The whole application process can be done online and can be completed, approved and paid within a day.

How To Find The Right Quick Loan For You

As there are quite a few different quick loans options out there, it is important to choose the right one for your personal situation. When deciding which quick loan to take out, you need to look into a few different factors which all add together to determine how wise each loan option is for you.

Turnaround time

Turnaround time is very important for quick loans. Due to these loans being focused on rapid money transfers, you must know just how quick the turnaround time can be. While some may provide online cash advances within the hour, most will transfer the funds on the same day.

Understand the fees

As mentioned earlier, hidden costs and interest rates are also crucial aspects of your loan. When taking out a quick loan, make sure that you know what you are getting into and understand all of the costs involved. With so many great loan options out there, it should not be hard to find a reputable, transparent lender.

Terms of your loan

One other important factor is the term of your loan. The amount of time you will take to repay the money can make a difference in the amount of money you will spend on interest, make sure that the loan term will work best for your situation.

So Are Quick Loans a Good Idea?

If you are in need of a speedy solution to a financial emergency, then quick loans offer a seriously simple and convenient solution.

When used correctly, a quick loan can get you out of trouble and put your life back on track with minimal fuss. As long as you take out the right loan for your situation, these are very useful tools that are easily available online.


Mammoth Investor
Sydney,
New South Wales 2000