Life’s full of crazy, unexpected moments. Often you’re barely prepared emotionally, let alone financially. Usually we are able to scrape through these situations, but sometimes, no matter what we do, we may need a bit of a hand financially, and fast! Now, we know trying to find a lender to offer you fast loans can seem like shark infested waters. You don’t need to worry any longer. Personal Loan Pal is here to help guide you through this process.
We know what you’re thinking, “What exactly are fast loans?”
Well, the clue is in the name. Fast loans are personal loans that are easy to apply for, and will appear in your account within a few days of signing the contract. In short, the entire process from applying, to signing your contract, to receiving your loan is fast. Personal Loan Pal can find you lenders offering fast loans between $200 and $5,000.
As we said above, fast loans are actually just a type of personal loan.
Personal loans come in two distinct categories – secured and unsecured. We’ll quickly explain the difference between the two here:
Well, they are fast. If you’re in an emergency and you need to have funds in your account ASAP, fast personal loans could be the ideal option. Furthermore, if you use a service like Personal Loan Pal, the process is all done online. You could apply, be approved for, and receive your fast loans in your account without even rolling out of bed.
Like everything, not all fast loans lenders were created equal. To find a lender that offers the loan terms you are looking for can take a lot of shopping around. If you enjoy having 10+ tabs open in your browser and multiple spreadsheets open, then you might enjoy this whole process. For those of us who don’t, a service like Personal Loan Pal takes the stress and hassle out of finding a fast loans lender.
Even though fast loans can be a life saver when your in a sticky situation, there are a few things you should be wary of before you jump in.
Watch out for lenders that promise you the world. This is often in the shape of promising you a loan, no questions asks. These fast loans lenders can often be a flat out scam, or have extortionate interest rates.
Another thing to note is that applying for multiple short term lenders at once, even if you do not accept any of their contracts, can have an adverse effect on your credit score. This may be especially damaging for those who already have a less than impressive credit score. Don’t worry though, if you find lenders through us, you won’t have to worry about any of this.
If you’re still apprehensive, we’ve got more information on who to trust in the lending game, right here.
We think we are pretty damn good at what we do. We’ve already helped thousands of Australians find fast loans lenders that are willing to help. But we’ll quickly take you through why we think we are the best in the biz:
You sure can! We understand that your past financial indiscretions should not be a black cloud over your head forever. We won’t pretend that the lender we pair you with isn’t going to credit check your application, because they probably will. Before you start clicking away though, let’s tell you why that is a good thing, and why we can still help.
A lot of people with bad credit fall in to a panicked state when they are in need of fast loans. Thinking that nobody will lend to them, they frantically search for fast cash loans with no credit checks. Remember before where we mentioned those less-than savoury lenders, promising you the world? Well these are not the people you want to get in bed with.
We only work with lenders who adhere to responsible lending practices; of which performing credit checks is one. However, these lenders prefer to look at your current relationship with money, rather than just your past. That’s why we use the latest in safe-banking technology to access a read-only version of the last 90-days of your bank statements. We then attach this read-only copy to your application. Lenders are then able to see that lately, you’ve been making a conscious effort with your finances, and therefore are more likely to provide you with the loan you’re looking for.
If you’re keen to let us try find you an available fast loans lender, let us take you through the super simple process.
While all lenders will have their own eligibility criteria, there are a few industry standard requirements. So to use our lender-finding service, you must be:
Once the lender we’ve paired you with has approved your loan application, they’ll send you over a contract. Once you’ve read over the terms and cost of the loan, and are happy with it, send back over the signed contract. If everything goes to plan, your lender should send your loan over once they’ve gotten back their signed contract.
As we are a only a lender-finder, and each lender varies slightly, we cannot give you an exact time. While fast loans appear in your account super quickly, there are a few factors that determine how quickly. Firstly, the time of day your loan is approved. You’ll receive your money a lot quicker if the entire process happens during normal business hours. If you lodge an application outside normal business hours, the lender may not get to it until the next day. If you send the signed contract back during normal business hours, you could see the cash in as little as a few hours. Submit outside these hours, and you’ll probably be transferred the funds overnight, or sometime the next day.
Also, your bank’s policies, and how they handle transfers like this, will also have an effect on how quickly you’ll see the cash. For questions regarding your bank’s policies, you’ll have to contact them directly.
Lenders will set up your repayments to be taken out of your account via direct debit. You and your lender will come to an agreement on the schedule of your repayments. You can choose to have your direct debit come out on a particular day either weekly, fortnightly or monthly. We always recommend to our clients to line up their direct debit day with their pay cycle. This way there should always be enough money in your account, and you’ll avoid those nasty dishonour fees (the last thing you need if you’re already doing it tough).
If we didn’t manage to answer all your questions today, or if any crop up in the future, head over to our FAQ page. If you didn’t find the answer you were looking for there, or would prefer to talk to a human, all our contact details are listed on our contact us page.
If you’re keen to get the ball rolling and let us find you a fast loans lender, apply now! With Personal Loan Pal, you’ve got a friend in your corner.