Safrock is a lender-finder. We do not offer financial advice when it comes to personal loans. Consider seeking independent legal, financial, taxation or other advice to check how the information and ideas presented on this website relate to your unique circumstances.
This example is for illustrative purposes only. We use ‘Sally’ as an example to demonstrate how Safrock could help you.
Sally is stressed, strung-out, and now she’s sad too. She’s been working such long hours just to make ends meet that she hasn’t been able to spend any time with her pet dog, Sooty. Sally hasn’t had time to notice that Sooty is unwell and won’t eat properly. Sooty doesn’t even want to go for a walk. Sally calls in sick to work and rushes Sooty to the vet, only to find out that the bill is going to be in the thousands. Sally panics, wondering how she’s going to pay these medical expenses and make up for the day’s work she’s just lost. Sitting in the waiting room, Sally promises both Sooty and the vet that she will find a way. The vet takes Sooty off for treatment and Sally leaves, alone and still sad.
What does Sally do next? Does she beg her boss for yet more hours at work? Get a second job that she doesn’t even have time for? Make herself sick with worry? Or, does she stumble across Safrock and apply for a reputable online loan so that she can help save Sooty’s life?
Sally is not alone. A growing number of Australians are reporting being in a state of financial anxiety or hardship. Late in 2018, the National Australia Bank (NAB) conducted their Consumer Anxiety Survey and found that the Anxiety Index spiked to 62 points. The higher the reading, the higher the anxiety levels. This is the highest level the index has reached in over three years. The survey found that around four in 10 of us have experienced some kind of hardship within the last quarter of 2018.
Like any form of anxiety, financial anxiety can have profound effects on our wellbeing. Personal finance worries are among the most common causes of stress and concern in Australia. Some effects of financial anxiety can include difficulty sleeping, relationship breakdown, feeling fearful or withdrawing from those close to you. If you are struggling with any of these issues, it’s important that you seek professional advice so that you are able to take charge of your own future.
While Sally’s situation is upsetting and could be a little more tense than your own, there are ways that you can overcome your financial barriers.
In a stressful emergency, it can be easy to make rash decisions without careful consideration. These decisions could quickly make your situation even more stressful. If you find yourself in need of a fast online loan, ensure you are as prepared and informed as you can be by considering the following:
An online loan is money that is borrowed from an online lender, rather than from a bank. Typically online personal loans can range from $2,500 to $25,000.
Online personal loans are not the entire solution, but with the right advice and comparison service, they can help people like Sally make informed decisions to cover unexpected costs. Over the last 10 years, the demand for short term loans in an online format has increased 20-fold. A few years ago, 1.1-million Australians were taking out three to five personal loans per year. Imagine how much that number has risen to in 2019.
One search on Google for ‘online loans’ and you will see just how many loan places online are out there. It’s hard to know which ones are legit and which ones you should steer clear of. Online loans are not necessarily ‘easy cash,’ and nor should they be treated that way. Any online loan marketing itself as a quick, instant ‘payday loan’ will probably make Sally’s situation worse. These kinds of loans generally have very short repayment periods with very high comparison rates.
At Safrock we understand that money causes stress, and that navigating this online financial world can be confronting. We work hard to match people like Sally with lenders that are going to meet their needs.
We aim to remove the confusion with our 100% online, free, easy, no obligation application. Our premium security means you can rest easy knowing your details and data is safe.
All personal loans that are offered through Safrock’s lender-find service are secured loans. This allows us to provide you with more lending options, often with lower rates.
Upon receiving your application, we will put together a secured personal loan comparison of our lenders that are most suited to your circumstances. We base this circumstantial information on the details you provide in your application. So, be as thorough as possible and we will do our best to give you the best personal loan comparison Australia has to offer.
The worst case for Sally in her situation is that she gets an instant approval for her online loan, but within a few weeks, she’s struggling to make her repayments and keep up with Sooty’s increased needs. While no one ever plans for these situations, with a combination of conflicting factors it can be easy to find yourself here.
If this does happen, Sally will need to speak directly to her lender as soon as she can. Lenders are often able to work with you if you give them notice of a change in your situation at least 48 hours before your next payment is due. Being honest and speaking up about financial difficulties is a better option than letting your credit rating suffer through missed or late payments.
Step 1: Apply Online
Our application form could take you just minutes to fill out if you have all necessary documentation handy. Then, just choose your amount and loan duration and the magic begins.
Step 2: Meet Your Match
After you’ve submitted your application to us, our team gets to work on finding you a premium lender. We will then present you with a comparison of online personal loans straight away, working hard to match you with the right lenders. Once you have selected your lender, we will send them your application.
Step 3: Find a Premium Loan
Your lender will then assess your application. From there, processing times depend on each individual lender. If you’re approved, you should receive the funds straight into your nominated bank account. As we are 100% online, you can apply any time of day or night. However, applying during business hours will ensure your needs are met the same day.
It’s that easy! If Sally gets started now with her online personal loan application, Sooty’s vet bill could be taken care of by the end of the day so they can get back to what’s important.
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.
Check your options before you borrow:
The Australian Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.*This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.