27-Jan

When can it be useful to request a quick Loan?

There are certain circumstances in which quick loans can help you out of an economic predicament. If we focus on the current date, the first thing that comes to mind is the end of the course of the youngest of the house and the reservation of the holidays.

1. Cover end-of-course expenses

Now that the end of your children’s course is approaching, you will surely have to advance payments for the school party. Or, even if they have planned a trip for the farewell with the companions, you will have to start making the most important payments from now on.

If you have little liquidity, this type of credit can help you get out of a bind, paying off the debt when you are a little more relieved.

On the other hand, a new quarter soon starts and the purchase of school supplies can cost you a lot. In this way, do not hesitate to use these financial products to improve your purchasing power.

2. Plan your vacation

Arrived to this month, the slope of January goes away although it still feels. The problem is that you may have to book or advance some payment for your vacation, and you may not have the necessary liquidity for it. If this is your problem, do not hesitate to ask for a Cash advance Loan.

Especially if you know that you will have that money later and that you can comfortably pay the fees; Do not think about it and get the money you need to book your vacation now.

3. Summer reforms

Another of the most common activities in summer are the renovations. If you are thinking of taking advantage of the summer months to make the reform that your home needs, but for which you never find the moment, a quick credit can help you.

If you have to pay in advance for the materials or give any signal to the construction company or to the masons themselves so that they will attend you on the dates you need, do not worry about the money. At this precise moment you may not have the necessary liquidity, so you can help with this product and make sure that the reform of your home does not pass this year.

In short, quick loans can help you in many circumstances. These three examples are the most common, but any economic disagreement that you face may be a good reason to request them.

If you are in need of quick cash for personal expenses, apply for a fast personal loan with My Cash Online today.



*Disclaimer & Example: For our Small Loans of $2,000 or less, an APR (Annual Percentage Rate) doesn't apply. These loans are fee-based only with a term between 62 and 180 days, and so the APR is 0%. The establishment fee is 20% of the amount borrowed and the monthly fee is 4% of the amount borrowed. Representative example: a loan of $1,000 repaid over 3 months equates to a total amount payable of $1,320 comprised of $1,000 principal (amount borrowed), $200 establishment fee and $120 in monthly fees. The maximum comparison rate on loans between $300 and $2000 is 199.43%.
For our Medium Loans between $2,100 and $5,000, with a term between 2 months and 12 months, the maximum Annual Percentage Rate (APR) is 48% (Comparison rate 65.6597% p.a.) and there is a $400 Establishment Fee. A Medium Loan of $3,000 borrowed over 1 year would equate to a total amount payable of $4,289 (including a $400 establishment fee).

Under the current legislation, most small personal loan providers don’t charge an annual interest rate (you’ll know this as an APR %). The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on loans between $300 and $2000 is 199.43%. This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

© 2022 Owned by Australian Synergy Finance Pty Ltd, ABN 54 613 655 646. Australian Credit Licence 490422. The information on this webpage is general information only and does not take into account your objectives, financial situation or needs.