The what, why & how of payday loans
- If you need some fast cash quickly through an unsecured financial option, a short term cash loan could provide you with a little financial stability.
- A payday cash loan is an unsecured cash loan that can help borrower's when they run out of money.
- Facts and figures about Payday loans
- Short term cash loans are a quick and easy method of receiving a payday cash advance:
- Applying for a payday cash loan in Australia is a fast and simple process. To be accepted for a cash loan you will need to meet the following:
- You must be in permanent employment
- An Australian resident
- Over 18
- Be able to provide proof of employment and your home address
- You will need to supply your bank details for electronic transfer of money
- Payday cash advance loans are paid into your bank usually the same day.
- Payday Cash Loans - Cheaper than Bank Overdrafts
Although headline interest rates on payday cash loans are high it is in fact a cheaper option to paying overdraft bank charges. Because of the interest and hidden fees applied by banks you can end up owing large sums.
- Payday cash loans offer a standard charge of approximately $10-$30 per $100 borrowed.
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