Looking for small loans? Well, Safrock has the lowdown on what you need to know.
We often think of loans as being a last resort, when things are about to hit the fan. What we don’t realise is that a small loan is actually a great way to cover unexpected bills whilst keeping your finances on track. Small loans are designed to be affordable and can be used to illustrate consistency on your credit file if you pay on time with your selected repayment plan.
Many Australians like you are currently living with outstanding debts that they pay off gradually with each paycheck. A loan doesn’t have to affect your lifestyle if you are strategic and realistic with your budgeting. Ultimately, if you’re smart with your spending, you can still go out each weekend, spend your money on the things you want and pay off your debts! Sounds perfect right?
What is a small loan?
Small personal loans are usually valued between $300 and $2000. They are relatively easy to get your hands on and can be paid off any time over a 12 month period. Small loans will often be unsecured meaning that they don’t need to be attached to an asset such as a car, motorbike or boat. Lenders offer small loans fast as a short-term solution that is perfect for if you’re looking for urgent cash to cover any unforeseeable bills.
What can you use a small loan for?
There are many purposes for small loans. It really all boils down to the situation you’re dealing with. Either way, small loans are a great way to get yourself out of trouble. You might want to consider getting a small loan for the following:
Car repair loans are the answer when it comes to those unexpected breakdowns. Before you get yourself into a pickle, why not see if you’re eligible for a loan. A quick small loan could help you get your car back on the road in no time. Without having a functioning car, you may end up missing out on precious work hours, it’s best to get things sorted before your immobility gets in the way of your work-life!
Sometimes it feels like those holidays can’t come round any sooner. Have you been at work, dreaming about putting your feet up on a tropical beach somewhere? Well, it seems to me like you’re in need of a holiday! Why not use a small loan to book that holiday deal that just popped up on your Facebook feed?
Has your partner been nagging you for a while now about renovating the kitchen? Not enough space is it? Or the ugly tiles from the previous owner? Why not make their year by finally getting round to that much-needed makeover? Small loans can be in your account before the end of the day if you manage to qualify with the right lender. Use a lender-finder to request the fastest premium service to get things moving.
Having an accident somewhere or finding out you need treatment can really put a strain on your life. Rather than suffering financially as well as physically, a small loan can give you space to recover and go through the medical procedures you need without having to worry about the costs.
You might have a throbbing toothache that’s stopping you from getting on with your work. Dental bills can be costly when you’re paying for urgent treatment. A small cash loan can speed things up and can be repaid once you have recovered.
Where to find small loans online?
You can search on Google things like “small same day loans” and you’ll be directed to all sorts of clickbait for loan services. By looking at the reviews and reading the fine print on their websites, you’ll be able to make a decision on a lender service that suits you.
Alternatively, you can put your trust in the hands of expert lender-finders who will meticulously pair your loan request to a selection of reputable lenders. Lender-finders spend their time evaluating the service of lenders in order to form a network of only the best loan providers out there.
Can you get small loans for bad credit?
Unfortunately, you may have recently dealt with something in your life that has impaired your credit score. Circumstances arise that are out of our control and can leave you in a predicament that can be difficult to rise out of. Defaults or infringements appear on your credit score when you miss scheduled repayments or avoid giving reason to why your bills haven’t been paid on time. Whilst defaults can stay on your credit file for a long period of time, they do by no means completely remove your chances of getting your hands on a loan.
Bad credit scores are usually valued anywhere between 0-500. If you’ve been applying for loans and not having much luck, we may have the answer! Whilst it’s unusual for a lender to offer small loans no credit check, lenders will judge the risk factor by reviewing your current relationship with your finances. It’s therefore hugely important if you’re currently looking for a loan that you are being consistent with paying outstanding debts.
Are there small loans for unemployed people?
Looking for a small loan to support you whilst your unemployed? There are lenders all over Australia who can help you get the finances you need to get back to work. You might be looking to get a new laptop so you can bump your resume and job applications or just simply trying to pay off an unexpected bill. A small loan can help relieve the stress of unemployment and make room for you to focus more on landing yourself your dream job!
Having small cash loans in your pocket can give you back your mojo in time for your next big interview. A little financial security to cover a good haircut and some new work attire might be just what you need to give you the confidence to get the job you’re looking for.
Can you get a loan whilst on Centrelink?
You sure can! Getting money from Centrelink counts as a regular source of income that will qualify you for a loan with many lenders. Those on Centrelink will only be able to get their hands on small to medium sized loans. It is also worth knowing that if you have received an emergency Centrelink payment in the last 3 months, you will not be eligible for a loan.
Is it possible to get instant small loans?
If you apply for a loan during AEST business working hours, it’s likely for you to get a response from a lender within the hour. However, before you can get quick small loans, lenders will need to review your application. Your credit report may be checked to spot any outstanding debts. Your current employment information may also be reviewed. Essentially, the lender needs to get an idea of the type of spender that you. They need to be able to trust you before getting you the small cash loans that you are looking for.
Who is Safrock?
Safrock is a premium lender-finding service who pride themselves in giving their clients the chance to compare and choose from the best loans on the market. With personal loans of up to $25,000, Safrock find loans for people for all purposes. Whether you’re looking for urgent cash to cover an emergency, to consolidate your outstanding debts or are seeking wedding loans to make you and your partner’s dreams come true, Safrock has got you covered.
How can we help?
Expect the best service when using Safrock. Our clients are at the heart of what we do. We tailor our solutions to your problems, not the other way round. You are what matters to us and we want to make sure that your experience with us is a quality one. That’s why when you apply for a loan through Safrock, you can trust us to find reputable lenders to provide you with the best loans available in Australia.
What do I need to apply with Safrock?
Safrock is a responsible lender-finder service who’s application process is designed to get you the money you need in the quickest and easiest way possible. However, before you apply, there are some standard requirements that must be met. In order to be eligible for a loan you need to be:
- At least 18 years old;
- Receiving an income for the last 90 days or more;
- An Australian Citizen or Permanent Resident;
- Contactable through email address and telephone number.
Ready to apply?
If you’re itching to apply. Hold your fire! Rather than organising as you go, we’ve compiled a list of things you’ll need to have with you during the application. So before you sit down with a cuppa to fill everything in, have the following things at the ready:
- Personal information incl. Name, D.O.B. and home address;
- Reasons why you need a loan;
- Centrelink credentials (if applicable);
- MyGov credentials (if applicable);
- Internet banking details.
How to applyStep 1.
On the top of each page on our website you will find a loan calculator. You can use this to select the size of your loan and the preferred duration of your repayment. Your loan can be paid off either weekly, fortnightly or monthly. We recommend you make this selection dependent on how frequently you get paid. That way you can set up hassle-free automatic repayments to be deducted from your account each time you’re paid.
Wait for an offer. If you apply during AEST business hours, expect to hear back in a short while. Our busy team will get back to you as soon as possible with a list of multiple lenders with their appropriate loan offers.
Accept your offer. If you are approved and see a loan that looks good to you, then go ahead and accept the offer. You will be required to sign a contract agreement in order for the loan to be processed. On the other hand, if you’re having second thoughts, remember that Safrock has a no-obligation policy. If you decide that none of the loans you’ve been presented with are right you, then you’re absolutely welcome to withdraw free of charge.
Wait for your cash! The time it takes for you to be paid all depends on the bank you are with. Expect to see the money in your account before the end of that or the next business working day.
Where to find out more about Safrock
If you’re looking for a larger secured loan, you should be aware that it will need to be attached to equity. To prepare the documents you have to prove your ownership of the chosen asset, which could be a boat, car or motorbike and head over to our page that focuses on larger loans. Before you consider taking out a larger loan, remember that if you end up having problems paying off the loan, you will be at risk of losing the secured asset. No lenders like seeing clients lose their possessions due to an unpaid loan, so they only try to lend to people they believe will be able to pay it back.
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