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How Can I Get A Personal Loan Fast?

There are times when we need a loan straight away and don’t have time to wait. Whether you have found yourself in an accident and unable to afford the hospital bills, or trying to pay your child’s school fees which are overdue, you need cash in your hands as quickly as possible.

Yet taking out a loan is a time-consuming process and then you have to sit back and wait to see if you’re approved. This leaves you asking yourself, how can I get a personal loan fast?

How Can I Get A Personal Loan Fast?

Are you asking yourself, how can I get a personal loan fast? The good news is there’s an option for you. Cash advance loans have been designed for this exact reason, and are a type of quick loan that sees the money in your account as soon as possible.

A cash advance can be used for a number of different things:

  • Medical expenses: whether you find yourself in an accident or fall ill and accumulate medical bills, a quick loan can be just what you need to get yourself back on your feet.
  • Car repairs: accidents happen to the best of us, but paying for repairs can be a costly endeavour. Fast access to a loan can get your car back onto the road even faster.
  • Holidays: who doesn’t want to head off on a holiday? They can take a while to save up for and you can miss out on a great deal while waiting. Taking out a loan can get you on that plane even faster.
  • Home repairs: owning your own home is great, but it can be costly. Why is it that there’s always something that needs to be fixed? A quick cash loan can cover you just when you need it.
  • Unexpected bills: unexpected expenses crop up all the time. Let’s face it, life is unpredictable and we can’t plan for everything. Having access to cash when you need it can make all the difference.
fast loan

If you’re asking yourself, how can I get a personal loan fast? This is one of the best options out there. They give you the cash injection you need to cover your expenses, to get you back on your feet and keep you out of debt. Let’s take a look at exactly how they work.

How Can I Get A Personal Loan Fast With A Cash Advance?

Are you wondering, how can I get a personal loan fast? A cash advance is the best option for you, with none of the waiting around to get approved. Instead, you have access to the funds as quickly as possible.

Cash advance loans are also known as short-term loans – but even better, they come without all the paperwork, so you get approved fast. These types of loans are usually offered by your credit card provider, so you’re borrowing money against your line of credit. You can take one out in a few different ways:

  • ATM: take money out of the machine. As long as you have the PIN on your card, this is an easy process.
  • In-person: you can head to the bank and speak to a teller about taking out a cash advance.

It’s an easy way to get access to instant cash when you need it. If you need cash quickly, you don’t have the time to sit around and wait for approval. This short-term loan doesn’t require a credit check, making it quick and easy to process.

fast personal loan

Pros and Cons With A Cash Advance

Now you know, how can I get a personal loan fast? What are the pros and cons of taking out a cash advance?

Pros:

  • Fast access to cash
  • Little to no paperwork
  • No waiting times for approval

Cons:

  • Hefty fees
  • Limit on the amount of money you have access to

You want to weigh up both the pros and the cons before taking out a cash advance, to make sure it really is the best option for you. They can be an expensive way to borrow money, with their high interest rates, but they are also convenient and give you access to the cash you need when you need it. If you’re after a flexible loan option with fast access to cash, then this is your best option.

get a loan fast

Taking Out A Cash Advance

Are you in need of cash fast? Then get in contact with the Australian Lending Centre right away. We understand your needs and don’t care about your credit score – we look at other factors when evaluating your application. Don’t sit around and wait for long, drawn-out approval from the banks. With the Australian Lending Centre, you could borrow up to $500,000 and have the money with you within hours. Contact us here today.

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Short Term Loans

How Do Cash Advance Loans Work?

When you are strapped for cash and need some extra dollars to tide you over until the next payday, cash advance loans are a great option. As well as being able to make purchases with your credit card, many also allow you to withdraw money. This is known as a cash advance.

It involves taking the cash from your credit account, at an ATM, or directly transferring it into your bank account with online banking. Cash advance loans can also come in the form of short-term loans. Here we take a look at how these cash advance loans work and whether they are the right option for you.

What Are Cash Advance Loans?

The general idea behind cash advance loans is gaining access to money quickly, in order to tide you over in the short term. These types of loans can come in a variety of different forms:

Short-term loans: some lenders will let you borrow up to $500,000 dollars in an instant cash loan.

Credit card loans: many credit cards will allow you to withdraw money as a cash advance to spend as you please. This is usually a much smaller amount than what you can take out with other types of cash advance loans. However, it does have the bonus of coming with a lower interest rate and lower transaction fees.

Payday loan: this is a small loan of around up to $2,000 that is then paid back with 16 weeks to a year. 

The one thing all these types of loans have in common is that they come with high fees and charges. As the borrower, you end up paying for the convenience of having access to the money you need, when you need it. In many situations, it is well worth it, as long as you are sure you are able to pay it back in the correct timeframe.

cash advance

Alternatives To Cash Advance Loans

If you are looking for an alternative to cash advance loans there are a couple of options you can entertain:

  1. Family or friends: if it is only a small amount of cash you need to tide you over, then consider asking family or friends. This will save you the fees and interest involved.
  2. Speak to creditors: if you are trying to pay off a bill and don’t have the funds available, then it may help to discuss your problem with your creditor. They may be able to stretch the terms of your agreement. This means you can wait until the money comes in before paying it off, saving you the hassle of a cash advance loan.
  3. Take out a personal loan: personal loans generally come with better terms than the cash advance. The downside is, you don’t receive the money nearly as quickly as a cash advance loan.

If you do find yourself in a position of needing a cash advance loan, then it is worth doing your research to work out exactly what you need. 

Getting A Cash Advance

There are many different reasons you might be in need of a cash advance loan. Some of these are:

  • Christmas spend: we all know the end of the year can be expensive. A cash advance can be just what you need to pay off everyone’s gifts in advance to prepare for the silly season.
  • Moving house: there are many costs that come with moving and they can dig into your budget and beyond. A cash advance can see you through this period.
  • Hospital bills: if you fall ill, you may find yourself with unexpected hospital bills. A cash advance can help you out in the short term.
cash advance loan

There are many benefits that come with taking out cash advance loans, as long as you have factored in the costs that come with them. 

The fees and charges that come with taking out a cash advance loan will vary between lenders, but there is a rough idea of what to expect.

  • A one-off establishment fee of 20% of the amount loaned.
  • A monthly maintenance fee of 4% of the amount loaned.

On top of this, there are more fees that can be charged if you don’t make the repayments or end up defaulting on your loan. It is a good idea to make sure you have the means to pay off the loan before going ahead.

Finding The Right Loan

If you are in need of cash fast, then speak to the experts at the Australian Lending Centre. We can find the right loan for your needs and help to get you back on track financially. Our short-term cash advance loans can allow you to borrow up to $500,000 depending on your circumstances, providing you with access to the cash you need. Simply pick up the phone and call today.