Short Term Loan Advantages
For a FREE ASSESSMENT simply fill in the enquiry form on the right. You are absolutely under no obligation to accept offers that are presented to you by our expert staff. It’s confidential and there is NO CREDIT CHECK.
The major advantage of opting for a short term loan is that it allows you to repay the loan in a much shorter duration, preventing an ongoing burden. This is because loans with a greater duration involve ongoing instalment payments for a large part of your life; which allows the loan repayment to become a stress on your finances.
Short term loans provide finance for the duration that suits your personal circumstances and exit strategy (your repaying ability). Our short term loan process has been fine tuned to be able to fund a loan in as little as 24 hours from approval.
Another advantage of opting for a short term loan is the rapid speed in which the loan enquiry can be approved, often within minutes. Short term loan durations are usually anywhere from a couple of weeks to a year.
A key reason short term loans with the Australian Lending Centre prove to be popular is the flexible repayment options we offer. Often you’re not even required to make instalments - you simply repay the loan in full at the end of its loan term.
Another advantage of short term loans is that you can actually pay less total interest than on longer duration loans. Take for example an interest only loan of $30,000 with an interest rate of 7% and a loan term of 10 years – the total amount of interest that will be paid by the end of the loan is $21,000. If you took out a short term loan for $30,000 at an interest rate of 15% and repaid it in a year, you would only pay $4,500 of interest. You would have to agree that even though the short term loans interest rate is higher, saving $16,500 is well worth it.
These are some of key advantages of short term loans that benefit you as the borrower. To speak with a consultant about how a short term loan could benefit you financially, simply complete an enquiry form to your right a we will contact you shortly.