Can I receive my funds in the middle of the night?

No – the transfer of funds is restricted to your lender’s opening hours. While the automatic pre-approval process is still able to take place at any hour of the day, your lender will still need to check over your application and documents before advancing funds to you. As such, if your lender isn’t open 24/7 (which they generally aren’t), the transfer of funds is likely to only take place during standard working hours.

Are loans available on weekends?

Yes – our lending partners can work with you to approve and transfer the loan funds you need on weekends . We have partners open on both Saturdays and Sundays, which allows you to access funds whenever you’re in need. If a pipe under your sink bursts on the weekend and you don’t quite have the funds to pay for someone to fix it right now, you can apply through us and receive the money you need within the hour.

Am I able to take out an overnight loan with bad credit?

Yes – lenders don’t tend to place a great deal of weight on your credit score when assessing your application. They’re more interested in your ability to repay the loan you’re applying for right now than your record of repaying other debts in the last few years. Where your credit score may factor in, though, is if a decrease comes about due to a recent default on a similar loan, which may frame you as too great a risk for your lender.

What are the fees on online overnight loans?

These loans come with two primary fees which you’ll need to budget for before submitting your application: Establishment fee: maximum of $400 for all loans above whether they're closer to $2,000 or $5,000 Monthly fee: overall maximum of 48% of your loan sum annually

Are there any upfront costs with small loans?

No – small loans come without any upfront fees or costs which may leave you further out of pocket. Although it’s known as an establishment or application fee, this charge will be built into your monthly payments for your overnight loan. You only commence the payment of your loan after the first week, fortnight or month of your loan has passed (depending on the frequency of your repayments).

What documents will I need for my application?

The documents required for your instant loan aren’t as thorough as other types of finance due to their smaller, more flexible nature. While the specifics may vary slightly between lenders, you’ll need to supply them with the following: Personal identification such as your driver’s licence, passport or Medicare card 90 days of bank statements Your phone number and email address Proof of address via a recent bill

Do I need to provide any security for my loan?

No – overnight payday loans are 100% unsecured. This means your lender won’t require you to put up a valuable asset such as your car or another vehicle, jewellery, artwork or home equity as collateral for your loan. Many applicants don’t have an asset considered eligible for use as loan security, so this type of finance is more available to a wider demographic of people.

Can I have multiple overnight cash loans at once?

Yes – it’s possible to repay more than one cash loan at any given time. However, it’s important to bear in mind that already having a loan on your plate can impact your chances of approval with some lenders. It can also affect the loan deal you receive, as your disposable income will be lower than it was when you took out your first loan. Your lender will only approve you for another loan if they’re confident you’re in a position to pay off both comfortably. You can’t take out a cash loan to directly pay off another, though.