Reliable Steps to Getting a Loan Quickly 

If you have expenses that require your immediate attention, it can be an overwhelming time. You can easily overcome this by getting a quick loan. What’s more, you don’t need to worry about the approval process and collateral.

This article seeks to explain everything about getting a loan quickly and much more.

What are quick loans?

Quick loans have shorter approval times and are not subject to in-depth scrutiny. If you urgently need to secure financing or have bad credit, a quick loan might be what you’re looking for. They are basically personal loans in relatively small amounts of between hundreds of dollars to several thousand. 

Why would I need a loan quickly?

Some of the reasons you may need a quick loan include:

• Emergency costs – A fast personal loan could be an option if you get a sudden emergency like surprise medical bills or funeral expenses.

• For home remodelling – You can use a fast loan to upgrade your home or complete necessary repairs.

• To cover moving costs – The average cost of moving houses in Australia is around $300 to $3,500 for a local move and as high as $8,000 for interstate moving.

• For car repair financing – A fast loan is one way to cover unexpected repair costs.

• Travel, holiday, and vacation costs – Travel, holiday, and vacation plans can cost a lot, and they can be pretty stressful to finance. A fast loan can come in handy in such a situation.

• For appliance purchases – A fast loan can provide relief if you suddenly need to buy new appliances like a washer and dryer but don’t have the funds. Loans are paid out as cash so if they have multiple uses for the money, they can just take out the one loan.

How to apply for a fast loan

To apply for a fast loan, follow these simple steps:

• Review your credit – To get a fast loan, some lenders require you to have good to excellent credit, while others won’t care so much about your credit history. Whatever the case, you’ll need to review your credit to know what loan and what lender is ideal for your needs.

• Apply for the loan – Fill out an application and submit any required documentation. Most lenders support online loan applications, which makes the application process faster and easier. 

• Get the funds – If your loan application is approved, the lender will send you the money, typically by direct deposit. Fast loans usually have rapid processing times, and you may receive the funds within hours of applying (depending on the lender).

You should remember to consider how much a fast loan will cost you in the long run so you can plan for any added expenses. Credit24 is one of a few reliable companies that offer fast loans with reasonable terms. 

Who is eligible for a quick Credit24 loan?

One thing that makes Credit24 an ideal lender for you is that their eligibility requirements for a loan aren’t quite as complicated as other lenders like banks. For your quick loan to be approved by Credit24, you’ll have to meet the following requirements:

• Be aged 18 years or above

Only adults aged 18 or above can apply for a quick Credit24 loan.

• Have a reasonable credit history

Having a good credit history is usually favourable when applying for any loan. The same goes for Credit24 loans. Your credit history will prove your reliability in making payments on time and for the required amounts. Obtaining a quick loan with a bad credit history is quite hard.

• Earn at least $1,000 a month

To get your loan approved, one of the criteria is to prove that you are employed and earn at least $1,000. This lets Credit24 know whether you can pay back the amount they lend you.

• Be an Australian citizen or a Permanent resident

Only Australian citizens and permanent residents in Australia can apply for a Credit24 loan and have it approved.

• Be employed and money paid into your bank account

For a chance to have your quick loan application approved by Credit24, you have to provide proof of employment and show that your wages are paid into your bank account. The longer you’ve been with an employer, the higher your chances to get approved, as it shows income stability.

There’s also some additional information you’ll have to provide Credit24 to complete the application process. This information includes:

• Your contact information, including your mobile phone number and email address.
• Your driver’s license details. In some cases, Credit24 may require your Medicare Card or passport number.
• Your last three months of issued bank statements. You can retrieve this through Illion’s secure bank data portal, which is 100% safe and secure.

How long does it take to receive a fast loan?

After you submit a loan application and it is approved, Credit24 will generally pay the money to your account on the same day, depending on your bank.

Get a quick loan in no time

If you’re in urgent need of money, you’ll be happy to know that Credit24 may be the solution for you. They have loans of up to $10,000 that could help with many expenses. Visit www.credit24.com.au to find out more.

IPF Digital Australia Pty Ltd, trading as Credit24, ABN 59 130 894 405. Australian Credit Licence 422839. The information in this article is of general nature and does not take into consideration your objectives, financial situation or needs. Lending criteria, fees and charges apply. For more information about our products, eligibility criteria and terms and conditions, please visit www.credit24.com.au. 

Sources:

https://www.airtasker.com/removals/moving-help/price/moving-cost/

https://www.bankrate.com/loans/personal-loans/top-reasons-to-apply-for-personal-loan/