Cash Loans Sydney
In a jam? Get unstuck with an online cash loan from Savvy.
Life is unexpected, to say the least. You never know when you hit an unprecedented roadblock.
Further, when it comes to living in Australia, Sydney is reputed to be one of the most expensive places. Hence it's easy to find yourself in a tight financial spot.
In such times, it's easy enough to feel puzzled. However, a bit of cash in hand can often be a helpful tool.
Trouble is, it's not always easy to get the required amounts of cash. In such situations, a cash loan can come in handy.
A cash loan is a short term, unsecured loan that is meant to serve as a safety tool in times of financial emergency. Cash loans are designed to provide you with instant relief from any financial tight spots that you might find yourself in.
Many people confuse cash loans with personal loans. While it's true that cash loans are a kind of loan meant to serve for personal uses, nevertheless they have some basic differences when compared to personal loans.
How to get cash loans in Sydney
Differences between cash and personal loans
Cash loans usually have shorter tenures when compared to personal loans. They can be taken for a period ranging from 16 days to 24 months.
A cash loan is essentially a smaller amount when compared to a personal loan. This can range from anything between $2,050 to $5,000 as per your requirements.
It's comparatively easier to be approved and eligible for cash loans as compared to personal loans. Cash loans have a lower monthly salary requirement and can be taken out even on average credit ratings.
No prepayment charges
With personal loans, if you make a pre-payment, i.e. make a lump-sum payment towards the resolution of your loan, you'll need to pay certain pre-payment charges as extra. With cash loans, you don't have to worry about any such penalties.
Fast processing times
Cash loans have faster processing and turnaround times as compared to personal loans, which can be handy if you need help with money urgently. Usually, the entire process is completed in a matter of a few hours.
Advantages of getting a cash loan
Based on the above basic premise, there are several advantages to getting a cash loan.
- Cash loans are highly convenient tools.
- They have a high degree of privacy attached to them.
- Unlike usage-specific loans, cash loans can be used for many purposes.
- They provide faster temporary relief.
- They have fewer legal requirements.
What to consider before getting a cash loan
While it's true that getting a cash loan can provide you with a temporary breather, you need to carefully consider whether the loan is enough to fulfill your purpose.
This is dependent on a variety of factors. Some of these are discussed as follows.
Why do you need a loan?
First, you need to figure out why you need the loan. Is it to pay off a smaller private debt? Perhaps you're in need of buying some home essentials but just don't have the cash in hand?
Any of the above can be a good reason to get a cash loan. Doing so can provide you with a quick and easy financial relief.
Who can be your best bet?
As with anything, there are a large number of contenders when it comes to the cash loans market. A simple Google search for cash loans Sydney will turn up thousands of results. So, how do you know which provider to go with?
While you can always spend time trying to search for the perfect lender, it's best if you save time as well as money and come straight to Savvy. We offer you unmatched rates and impeccable services that meet your needs every time.
Mistakes to avoid while taking out cash loans
- Neglecting to make timely repayments.
- Not paying attention to the terms and conditions.
- Ignoring your credit score maintenance.
- Not doing the required lender research.
- Borrowing more than you need.
Keeping the above points in mind will allow you to gauge the right amount that you need as a cash loan. This can not only save you money but also make the repayment process less of a hassle.
Why apply for a small loan with Savvy?
Common questions about cash loans
Helpful small loan guides
The information on this website is of general nature and does not take into consideration your objectives, financial situation or needs.
For loans between $2,050 and $5,000, the APR is between 21.24% (minimum) and 48% (maximum) per annum. Comparison rate of 65.4962%. Minimum term is 16 days and maximum term is 24 months. The cost of the loan is a $400 establishment fee and monthly interest charged on the amount borrowed. For example, a loan of $3,000 over 3 months with an APR of 48%, (comparison rate of 65.4962%), will have an establishment fee of $400, monthly repayments of $1,225.20. Total repayments of $3,675.60 and total interest payment of $275.60.
Warning: A comparison rate indicates the true cost of a loan. Comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.