Clara's best Small Loans.
What are Small Loans?
Instant Small Loans for Australians
There are lenders in Australia that can approve a loan within a day and make the payment within the day. Once such lender is Cashify. MoneyMe is another lender that can process your borrowing request within a day and payout from around $2000. Again be wary of quick loans as they can be very expensive we recommend you do some research before signing any contract.
Check out the full list of small loans.
Small Loans for Bad Credit
Safe Financial is one such lender that can lend between $1000-$5000 for a whole host of unexpected costs.
See the full list of bad credit loans here.
Short Term Loans
A personal loan can be a loan for months or even years and if it's secured will be the cheapest, lenders will look at your credit and assets and offer you a loan. A payday loan more of a short term loan, they tend to loan you money based on your next pay check and when you're paid you pay back the loan.
Short term loans can be great if an unexpected short term cost pops up. Check out our list of small loans and personal loans and see if you can find a short term loan that suits (our comparisons have time frames built in.)
What is Good Shepherd Microfinance?
1. NILS - A small no interest loan for up to $1500.
2. Step Up Loan - Low interest small loans from $800-1500.
They also offer help starting a business (Launch Me) and access to fair insurance for low income people (Good Insurance.)
Good Shepherd offers great small loans for unemployed and small loans for pensioners.
Small Loans for Pensioners
It also pays to check out Good Shepherd Microfinance they are a fantastic community lender who often don't charge interest and help low income people.
Small Loans for the Unemployed
Usually lenders will secure against centrelink payments or government benefits, typically you need around $300 coming in from either benefits or centrelink to borrow money.
If you can't manage this check out Good Shepherd's NIL (no interest loans.)
Small Loans Brisbane
Nifty, SRG, Nimble, Prospa and iFinance have put work in to pop up for this keyword but anyone in our small loans list lends to those in Brisbane.
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MiFinance offers small loans in amount of AUD 500 up to AUD 2,000. Anyone, who is an adult Australian resident with a regular income of the last 3 months and an active mobile phone number and an email can apply for a loan. Total costs of a loan are establishment fee of 20% and a monthly fee of 4%. Please find a representative case for further information.
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Spondooli offers small loans up to AUD 5,000. In order to apply for a loan, a client need to be an employed Australian citizen with a minimum weekly salary of AUD 600, a client is not in bankruptcy or have 2 or more payday loans. You can fill out the application online and expect the decision in the same day.
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Champion loans offer small loans up to AUD 1,600. Please be aware that the representative loan is higher, due to the lack of information. A client can expect to receive a similar terms as on the representative example. Small loans are unsecured and also apply to clients with bad credit rating and being a participant of the centerlink program. A client can apply for a loan online, if he/she is an adult, Australian resident and receiving a regular income.
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Moneyme offers small loans for an additional cash inflow for the coverage of health services, purchase of a new car. Moneyme does not clearly defines the conditions of the small loans. Overall, application process is available online and it's very simple. Together with the small loans, you can get virtual card from moneyme and other banking services.
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Viva offers cash loans that are quick loans for additional liquidity. It charges a flat 20% establishment fee and a flat 4% monthly fee. The maximum comparison rate for a small loan is 199.43%. If you are an adult in Australia with a regular job, you are highly likely to receive the loan. The loan can be used for any unexpected expenses.
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MyOnMoney offers cash loans that are different from the ones of other financial lenders. The maximum amount of a cash loan amounts to AUD 25,000 with an establishment fee of 10% and an interest rate of 29.99%. A comparison rate amounts to 46.68%. A minimum loan term is 12 months, whereas maximum loan term is 36 months. A cash loan can be used for any personal needs, such as wedding expense, renovation fees or similar.
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