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All about fintech and Payday loans
All about fintech and Payday loans

How has the internet and tech changed the way we think about loans? It’s difficult to remember, but not all that long ago anyone looking to take out a loan or open an account rarely looked beyond their own high street bank. There was little choice in the market and even products offered by competitor banks or building societies often…

5 helpful tips if you miss a credit card payment
5 helpful tips if you miss a credit card payment

It’s very easy to miss a payment for a number of reasons. Whether it’s an honest mistake like cancelling the direct debit by accident, or not having the funds in your account on the day of collection, it’s never a good feeling regardless of the cause. Left unresolved, it could be a costly mistake. You might be able to minimise…

5 Benefits of Getting Personal Loans
5 Benefits of Getting Personal Loans

Personal loans are one of the strongest credit alternatives accessible, and smart people use debt to their advantage. You can take out personal loans to swiftly patch in a financial gap rather than maxing out your credit cards or endangering your house or possessions. Personal loans, while not that widespread, are fast gaining popularity due to their numerous advantages over…

How to Improve Your Credit Score in 7 Steps
How to Improve Your Credit Score in 7 Steps

Looking for tips and best practices on how to improve credit score? A credit score is one of the most important indicators of your financial health. It informs lenders how responsible you are in managing your loan. The higher your score, the better chance you have to be approved for new loans or lines of credit. With a good credit…

Beginners guide to loans
Beginners guide to loans

A loan is an amount of money that must be repaid with interest. Loan applications were once submitted in person at a storefront. Credit companies may now take loan applications online and make approval decisions in a matter of minutes, thanks to technological advancements. On the market, there are a range of loan kinds, each with unique characteristics that cater…

Requirements for an unsecured personal loan
Requirements for an unsecured personal loan

Most personal lenders will give you money ranging from $2,000 to $40,000. Without breaking the bank, an unsecured personal loan might actually assist you handle your urgent expenditures. With a decent credit score, you’ll have a better chance of getting a loan with a reduced interest rate. If you have a bad credit history or none at all, you will…

Dealing with Gambling Debt
Dealing with Gambling Debt

Gambling addiction is a serious problem in Australia. With gambling bringing in near to $20 billion dollars every year in Australia, you can say that there are more than just a handful of people who gamble in Australia. People with a gambling addiction, feed this fire through saving accounts, loans, and credit cards. However, the real question is not how…

Loans for Gamblers
Loans for Gamblers

Gambling is a big issue all over the world, but especially in Australia. A shocking one-third of Australians are in debt because of gambling, and that’s a lot. So, most gamblers, if not all, find themselves resorting to borrowing very often, but what kind of options are right for gamblers? Continue reading to find out. Types of Loans for Gamblers…

Can Short Term Loans Work As Gambling Debt Loans?
Can Short Term Loans Work As Gambling Debt Loans?

Online gambling and casinos use third-party “data harvesters” to actively target people on low incomes and people who have stopped gambling. An article published in the Guardian newspaper last summer revealed “lower income segments” were among the “most successfully targeted”.

Pros of Payday Loans
Pros of Payday Loans

Payday loans have gained popularity over the years despite facing backlash and criticism from lawmakers and financial advisers over their strict terms. Some of the factors that make these loans popular are fast processing times that offer a quick solution to financial emergencies. Payday lenders do not give much thought to the borrower’s credit history and are highly sought after…

Pay off loan faster
Pay off loan faster

Taking out a loan is a financial commitment, and it pays to take that seriously. Although, as a borrower, you agree to a loan term with their lender at the point of taking out the loan, you can often repay faster if you are able. A good lender shouldn’t penalise you for repaying your loan earlier through early repayment penalties,…

Managing Your Money When Times Get Tough
Managing Your Money When Times Get Tough

When you take a look at any decade on a personal scale, or even globally, you will find many economic ups and downs. Take the 2007-2008 economic downturn for example. That catastrophe particularly caused billions in losses to companies and individuals. Many companies went bust, and many lost a good portion of their retirement fund as well as their jobs.…

PAYID Number
PAYID Number

What is PayID? PayID is a feature linked to your existing bank account that makes sending and receiving money easier. Instead of scrambling for your bank account and BSB number, you can give your friends and family easy to remember ids like your mobile number or email address and watch the transaction happen in real-time. Register your unique PayID with your…

Things You Need to Know before Applying an Online Loan
Things You Need to Know before Applying an Online Loan

If you have only lived at your current address for a short period, you will usually need to supply your past address, as your lender will require these to perform a thorough credit history check on you. It’s essential to check your bank’s online loan calculators to help you decide how much you want to apply for. It’s a good…

Loan Guides
Loan Guides

There are lots of reasons why you may need to borrow money, whether you’ve been hit with an unexpected bill or you’ve got a big purchase coming up, you will want to find the loan that’s right for you. This can be difficult though with all the different ones available, that’s why we have put together these loan guides. Hopefully,…

Online Short Term Loans
Online Short Term Loans

Many direct lenders offer short-term loans in Australia. Designed to provide an amount of money as fast as possible, these loans are helpful for when you suddenly find yourself needing extra funds. Ideal for emergencies like a car or home repairs, short-term loans allow you to quickly borrow the money you need. Because such loans are often needed suddenly and…

Getting Quick Cash from MyCashOnline
Getting Quick Cash from MyCashOnline

If you need cash quickly to solve a short-term financial problem, we could help you find a solution. Even if you have bad credit or have made mistakes with managing your finances in the past, you may still be a good fit to take out a loan product through MyCashOnline. 1. When will I receive the money? Speed is central…

Things after Loan Application
Things after Loan Application

1. What happens after you have submitted your application? When you apply for a payday loan, you will need to fill in some personal details, including: Home address Contact details Work employment Regular personal outgoings Please note that we may offer you a loan for an approximate amount, which could be higher or lower than the exact amount you applied…

Bad Credit Loan – Pros and Cons
Bad Credit Loan – Pros and Cons

1. Advantages Of Bad Credit Payday Loans Payday loans for bad credit are often available when you cannot get help elsewhere. It could be the difference between losing the use of your car or being able to pay for those emergency repairs. The application process is relatively simple and non-intrusive. Payday loans are unsecured loans. This means if you do…

Bad Credit Loan – Conception
Bad Credit Loan – Conception

Thousands of people are searching the internet each day for ” bad credit loans” to help them overcome short-term financial challenges. The term “payday loan” historically meant a short-term loan to be paid back on your next payday. However, the concept of payday lending in Australia is now more broadly defined as high-cost short-term credit. If you are looking for…

Ways to Avoid High-cost Credit or Payday Loan
Ways to Avoid High-cost Credit or Payday Loan

Looking for advice on how and when to avoid a payday loan or call it a short-term loan, small loan, fast loan, cash loan, ace loan, or online advance loan? Even if money is tight, there are plenty of ways that you can avoid high-cost credit and still get by. But how? There are positive changes you can make to your…

Save money – Clever
Save money – Clever

If you can learn how to save money on a low income, you will be able to quickly build up a financial buffer that will help protect you from debt. Savings are important for everyone. If you can save money on a low income, you will have the security of cash to fall back on in the event of an…

Save money – Thrifty
Save money – Thrifty

If you can learn how to save money on a low income, you will be able to quickly build up a financial buffer that will help protect you from debt. Savings are important for everyone. If you can save money on a low income, you will have the security of cash to fall back on in the event of an…

Save money – Belongings
Save money – Belongings

If you can learn how to save money on a low income, you will be able to quickly build up a financial buffer that will help protect you from debt. Savings are important for everyone. If you can save money on a low income, you will have the security of cash to fall back on in the event of an…

Save money – Wise Consumption
Save money – Wise Consumption

If you can learn how to save money on a low income, you will be able to quickly build up a financial buffer which will help protect you from debt. Savings are important for everyone. If you can save money on a low income, you will have the security of cash to fall back on in the event of an…

Save money – Examine Your Cost
Save money – Examine Your Cost

If you can learn how to save money on a low income, you will be able to quickly build up a financial buffer which will help protect you from debt. Savings are important for everyone. If you can save money on a low income, you will have the security of cash to fall back on in the event of an…

How to save money as single people
How to save money as single people

Being single has many benefits, with research suggesting that single people are happier and healthier than those in relationships, however without a partner to fall back on, it’s important to have a savings pot ready in case of financial emergency. In this article, MyCashOnline provides useful money saving tips for single people, including creating a budget, the importance of saving…

How to consider small loans during the epidemic
How to consider small loans during the epidemic

With so many people facing financial difficulties from the impact of COVID-19, a recent report by the ABC voiced concerns over small loan lenders actively targeting vulnerable people by offering short-term loans to get them through the coronavirus pandemic. This overview of small loans takes a closer look at the fees and rates and includes questions to ask if you…

Tips to Choose a Better Lender
Tips to Choose a Better Lender

Some of life’s decisions are simple. Do you want ketchup or BBQ sauce on your burger? Are you going to relax on the sofa with your favourite TV show, or go out for a run around your neighbourhood? Other decisions are much more difficult to make. Perhaps because they have longer lasting consequences. Or maybe because you’re choosing from a…

Financial Plan – How to Create
Financial Plan – How to Create

Put simply, a Financial Plan is a document (or collection of documents) that prepares you financially for the future. This can be as simple as a household budget, or as complex as legal documents, wills, pensions and investments. There are companies that offer financial planning services, but you may not need this help. Often, basic financial plans can be easily…

Improve Your Income
Improve Your Income

Is your bank balance not looking quite as impressive as you’d like it to? Here’s how you could improve your income. Whether your outgoings are currently higher than your income, or whether you’re just looking to earn a little more for some of life’s luxuries, there are many different things that you can do to increase  your income We’ve picked…

Paying Your Bills On Time – 7 Benefits
Paying Your Bills On Time – 7 Benefits

Paying your bills on time is an important habit that everyone should learn. Keeping up to date with regular payments shows you can manage your finances properly and will positively impact your credit score. This is particularly helpful if you are considering a small loan application in the future. Not paying your bills on time, on the other hand, provides…

Why are so many of us using small loans?
Why are so many of us using small loans?

In the current financial climate we are seeing an increased demand for more flexible lending – small loans  that are easy to apply for and nearly instantly available (subject to terms and approval)– to help people meet the stresses and strains when dealing with financial emergencies. By using small loans, this need is being met by offering finance that is often…

When can it be useful to request a quick Loan?
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…

What are fast loans?
What are fast loans?

Quick loans are the ideal financial tool to get out of certain difficult economic situations. In this article, we will go a little deeper into this type of financial product and we will specify when you can be of great help. This type of loans are financial products designed to replace the lack of liquidity that a person may have…

Personal Loans vs Credit Cards
Personal Loans vs Credit Cards

It’s always better to pay cash for large purchases, however, there are plenty of occasions when it is just not possible. Life gets in the way, and sometimes ongoing expenses mean it’s difficult to save for time-sensitive purchases. If you are planning to buy a car, take a holiday or undertake studies, borrowing money may be your only option. In…

Change Your Mindset For Healthier Finances- Personal loan
Change Your Mindset For Healthier Finances- Personal loan

Personal loan isn’t always straightforward. Not only have financial relationships grown more complex in recent years, but consumer goods have also become more expensive – without wage increases to offset the rise. It’s easy to become discouraged in the present climate, but there are steps you can take to overcome financial challenges – even when it feels like your finances…

Who says we need money to get healthy – 5 ways to get fit for free
Who says we need money to get healthy – 5 ways to get fit for free

Getting fit shouldn’t mean we have to splash out all the time. Money is important but not everything. People often work long hours to pay bills, cash loans, payday loans or go on holiday, having a healthy body is a vital thing which we should all strive to attain and there are plenty of ways to achieve it, for free.…



*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.