Cash Doctors Personal Loans
Getting into debt can be dangerous and many Australians do so without fully understanding the implications of their decisions. A credit card or traditional personal loan for example, approves an amount for your use, which is to be paid off over a number of years, or in the case of a credit card, not at all. However, with Cash Doctors you can take out a small personal loan for just the amount you need and repay it within a matter of weeks, to be on your way debt free again.
Need Cash? Apply online and get $100 – $600 in less than 60 minutes!
Apply for a Cash Doctors payday loan and enjoy instant cash relief. Loan can be paid back over a couple of weeks!
- Loan Amount: $600
- Loan Term: Next payday
- Turnaround Time: 1 hour
- Total Cost of Borrowing $100: 45
- Bad credit Ok
- Same day cash loans
- No security needed
- Quick Approval
- Confidential and secure!
- No paperwork and no phone calls required
| Description | Loan Amount | Term of Loan | Turnaround Time | Requirements | Total Cost of Borrowing $100 | ||
|---|---|---|---|---|---|---|---|
Cash Doctors |
Need cash today? Simply complete the short Apply Now process and get your online decision within seconds!. | $600 | Next payday | 1 hour | You must be employed full or part time (receiving holiday and sick pay), You’ve been employed for at least 3 months, You earn a minimum of $350 per week net (after tax) | 45 |   |
Borrow from Cash Doctors
Short term, low value loans also known as pay day loans often have a bad reputation. Most people see pay day loans as being offered by loan sharks looking to charge exorbitant rates of interest and ensnare you in a trap of debts. However, Cash Doctors encourage you to repay your debts as quickly as possible, it is in their interest so they receive their money.
Cash Doctors are Australia’s largest online lender and as well as offering short term personal loans, they also provide long term financial advice and assistance in the form of financial tools, budgeting tools and e-books for your reference. If you are an existing customer or member of Cash Doctors you can have your loan paid around the clock by applying online. If you are a new customer your funds can be approved within 60 minutes.
Reasons for a Small Personal Loan
Everyone knows life can be unpredictable and emergencies come up and your wages can run out very quickly from week to week. Therefore, you may consider a Cash Doctors personal loan for:
- An emergency, such as a car repair which needs to be paid on the spot.
- A luxurious treat for you and a special someone for dinner or a weekend away.
- Traditional personal loans often have a minimum borrowing of around $3,000 so you are having all of this extra credit approved when you don’t need it, but are encouraged to use it.
- Credit cards do not encourage you to repay your balance, instead enticing you to keep using your cards for rewards or points. Credit cards also approve a credit limit more than you need for a short term emergency.
Features of a Cash Doctors Personal Loan
The interest rate on a short term personal loan may seem much higher, but as the average Cash Doctors loan is taken out for just 24 days, there is less opportunity to pay that interest. For example a short term loan of $200 for 24 days at the average Annual Percentage Rate of 12% will produce just $1.58 of gross revenue in interest, so the interest charges are typically no higher, as you are repaying interest for a shorter period of time.
Other features of a Cash Doctors personal loan include:
- A maximum loan term of 45 days.
- You can only borrow what you can afford to repay as a careful credit check is completed and your financial situation is assessed.
- You must earn at least $350 per week net.
- You must be employed.
- Loans will not be approved for bankrupts, pensioners, self-employed or contractors.
- You must have a clear credit rating, though Cash Doctors are not as strict as traditional lenders and may overlook a small mark on your credit rating if it happened a long time ago.
- You cannot have a rollover or back to back loan.
- Interest will stop being charged if your loan repayment is more than 30 days overdue to avoid you getting into insurmountable debt.
Taking out a short term loan allows you to manage your bills and expenses and avoid getting into more debt by using a credit card. To find out more about how you can smooth over your cash flow crises and repay borrowings quickly and easily, view our comparison tables, and follow a secure link to Cash Doctors to apply today.
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