Small Loans Fast
Get Small Loans Fast
We often put in place contingency measures to prepare us for various eventualities in life, however, life being what it is, we often find ourselves in unexpected predicaments and in dire need of cash. Not having the cash needed at hand to handle an emergency or unexpected expense can be very troublesome and it can make an already stressful situation even more stressful. Your family and friends might already be tight on cash or you might find it difficult to ask for help from them.
So, what are your available options? Well, here at MyBorrowing, we offer you the perfect solution to your financial problem. We are a lender-finder service that endeavors to match our clients with the most suitable small loans lender for their financial needs. We help make the process of finding a suitable lender fast and easy. If you are in need of small loans fast, why not give us a try?
What Are Small Loans Fast?
By now, you should be aware that there are different kinds of loans available on the market. Small loans fast are basically loans of up to $2,000. For these kinds of loans, most lenders don’t require to take security over an asset that you own. In most cases, it is usually your vehicle. Hence, small loans fast are essentially small unsecured loans below $2,000. Considering that no security is required for one to apply, the processing time for a small loan is usually fast. Unlike the bigger secured loans, there is no paperwork involved which takes out the stress and hassle of applying for a loan.
The repayment period for a small loan will depend on the lender but it often ranges from 6 months to 12 months. This is enough time for you to sort out your issues and start paying off your loan. The repayment structure will be matched to your level of income.
Can I Apply If I Have Bad Credit?
If you have a poor credit history, there is no reason to despair as we will strive to help you find a suitable lender that will fulfill your requirements. We will match you with a lender that looks past credit history. An individual’s credit history doesn’t necessarily provide the bigger picture.
How Does It Work
One great thing about applying for small loans through MyBorrowing is that the whole process is done online. This means that you can apply for a loan virtually anywhere, at any time, and on any device. The whole application process takes just a couple of minutes. All you have to do is choose the amount that you want through a slider that is available on our site, however, it is always wise to avoid borrowing more than you need.
You will then be requested to provide some details about yourself, your income and expenses in order to facilitate the processing of your loan. Once you have submitted your application, the process of matching you with a suitable lender begins immediately. If you meet the requirements of a certain lender, we will match you with that lender. This can take as little as 1 minute. We will find top-notch lenders that are willing to look past your credit history and facilitate your requirements. The lender will get in touch with you and inform you of their fees, charges, and terms before you get into any contract with them. If you are satisfied with the said lender and the process is successful, you can expect money in your bank account through direct transfer.
What Do I Need to Apply For Small Loans Fast?
There are a few things that you need to successfully apply for a short-term loan through MyBorrowing. First, you need to be an Australian citizen or resident. Secondly, you need to be over 18 years of age for obvious legal reasons. Thirdly, you need to have had your current bank account for a minimum of three months. Other requirements include a current email address, an active mobile phone, and have access to online baking.
If you meet these requirements, then you are at liberty to apply for a small loan fast. These are simple requirements and a vast majority of our clients are able to easily meet them and hopefully you too.
How Much Does a Small Loan Fast Cost?
The amount that you’ll have to pay for your loan will depend on the lender. We make sure that the lenders we recommend are clear and honest about all the charges and fees associated with their loans before getting into a contract with you. In the following section, we have provided a rough breakdown of the costs you can expect to pay for your short-term loan:
- An establishment fee, which is 20% of the principal amount
- 4% of the principal amount monthly payment
- No interest is charged on our small short-term loans ($500 – $2,000
What Are the Reasons to Apply For Our Small Loans Fast?
You can apply for a small loan fast for almost any reason. However, keep in mind that this is provided that the reason for which you are applying the loan doesn’t end making your financial situation even worse. The purpose of the loan obviously needs to be practical. Here are some common emergencies and expenses that may require you to apply for a short-term loan:
1. Medical Expenses
Despite our best efforts to ensure good health for us and our family members, there is usually no telling when one will fall sick. That is one thing that we never have control over. Medical expenses can hit you at any time, whether it is due to illnesses, dental problems, injuries, or any other reason. Medical bills often come about at the most unexpected times and are usually unbudgeted for. However, considering that the health and recovery of your loved ones is your top priority during this time, you definitely can’t postpone their treatment. If you don’t have the cash at hand or enough insurance to settle these bills, small loans fast can come very much in handy
2. Children-Related Expenses
Parents often go above and beyond for their children. In addition to medically-related expenses, children often have many other needs that the parents often have to take care of. They will require new clothes as they get older, school equipment, and other items and devices for their entertainment and sporting activities. Also, once in a while, the parent will have to organize trips and holidays for their kids. But it can happen that the parent currently doesn’t have enough funds to cater to these expenses. If you are a parent just trying to look out for your kids but don’t have enough money, then a short-term loan might be what you need.
3. Car Problems
If you have a car, then it is most likely that you use it to run most of your daily errands such as shopping, taking your kids to school, going to work or even for your job if you are in the transport business. However, there are some common problems that car owners tend to face such as car break downs, tire wear and tear, exhaust issues, braking problems, issues with your lights amongst other issues. Then there are also legal issues that car owners have to deal with including insurance and registration. If an issue arises with your car, then you definitely want it fixed as soon as possible. A short-term loan can greatly help in such situations
4. Household Expenses
Your home is definitely your most important asset. Even if you are renting, having a roof over your head is of utmost importance. Whether you are short on rent or your mortgage payments are due, you might need some financial assistance. There are also other expenses associated with running a home, for example, water, gas, and electricity. Nowadays, home internet has turned from a luxury feature to a necessity. In case you are late on the payment of any of these utilities, you might be up for a very hard time. There are also food expenses that often take up a huge chunk of most people’s budget, this is especially so if you have a big family. Applying for a small loan fast can help you avoid some serious problems.
5. Entertainment and Leisure
Sometimes, you don’t necessarily need a small loan for an emergency. Maybe you just want to have some fun with your family, your spouse, or friends. There are a lot of fun activities that you might want to engage in but don’t have enough cash, for example, attending a sporting event, going to a concert, movie, going out on dinner dates, having guests over amongst others. A small loan fast can help you create the memorable experience that you are longing for.
6. Business-Related Expenses
If you own or run a small business, you might need to increase your inventory or expand your business operations and take your business to the next level. However, your budget might be inadequate to facilitate these plans. Hence, applying for a short-term loan can be another reason to apply for a short-term loan.
How Does One Pay Back Small Loans?
Paying your short-term loan on time as required is essential as this helps to avoid incurring extra costs and the risk of tarnishing your credit history. Your repayment cycle will depend on your income cycle and this can be weekly, fortnightly or monthly. The amount that you will have to pay for each set date will be the same. Remember that if you choose to pay out the loan in whole at once, then you are at liberty to do so as there are no early payout fees or penalties. In fact, you will avoid paying the monthly fees that are yet to be charged on your loan.
What Happens If I Face Financial Hardships After Taking Out A Small Loan?
Fortunately, here at MyBorrowing, we are understanding people. In case your situation changes after taking out a loan and are unable to make your payments on time, all you have to do is get in touch with your lender, inform them of your situation and request them to adjust your contractual agreement.
How Does One Get In Touch With MyBorrowing
We are always ready and available to offer you the necessary assistance. We are your best partner when faced with financial difficulties. To get in touch with us, you can either call us at 1800 825 805 or email us directly at email@example.com.