Login
19-Apr
0Likes

Types of Small Cash Loans Available

Cash Advance, Cash Loans, Fast Cash Advance, Online Cash Loans, Personal Loans, Quick Cash Loans, Short Term Loans by

There are a few different types of small cash loans available to consumers. The most common type is a payday loan, which can be obtained MyCashOnline both online and in-person. These loans are typically for relatively small amounts of money, and they must be repaid within a short period of time, usually two weeks or less.

There are also some specialized small cash loans available for specific purposes, such as auto repairs or medical bills. These loans may have slightly different terms and conditions than other types of small cash loans.

At MyCashOnline Australia, we offer cash n go loan to all Australian who need fast cash and meet our standard and our primary aim is to fulfil your exigency. We provide instant payday loans ranging from 200-2000 over the period up to 12 months. Our processing turnaround time is short and is all online. Wherever you are, you can easily apply instant cash loans online even from your mobile phone.


Links

Policies

Loans

Loans

*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.

© 2023 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.