CashNow PayDay Loans & Cash Advance Loans
If you need fast cash before pay day then don’t reach for that credit card just yet. It may be faster and cheaper to apply for a payday loan or cash advance. Not sure what that is? Our guide should tell you all you need to know.
Sometimes is life the unexpected will happen, and generally when things go wrong you’ll need money to put them right. Your car could break down, your electricity box may need repairing, you might need to buy an outfit for a party you’d forgotten about, the list is almost endless.
Get a Cash Loan up to $1,500 Paid Today!
Apply for a fast-tracked loan now. Just fill in simple application form and Submit it online for quick approval.
- Loan Amount: $1500
- Loan Term: Next payday
- Turnaround Time: 24 hours
- Total Cost of Borrowing $100: 29.98
- Bad credit Ok
- Same day cash loans
- No security needed
- Quick Approval
- Confidential and secure!
| Description | Loan Amount | Term of Loan | Turnaround Time | Requirements | Total Cost of Borrowing $100 | ||
|---|---|---|---|---|---|---|---|
Cash Now |
Apply for a Cash Now payday loan and get loan upto $1000 in 24 hours!. | $1500 | Next payday | 24 hours | You must have a valid bank account that can receive direct debit, must be at least 18 years of age, must be employed and receive a regular paycheque or salary must be a resident of Australia | 29.98 |   |
What can you do if you can’t put your hands on the money you need, and pay day is still a week or two away? Applying for a credit card can be time consuming and costly, a fixed loan could keep you tied in for a year or more, and borrowing money from friends or family may not be an option. In this situation a payday loan or cash advance could be your saviour.
What is a payday loan, where can you get one, and how do they work? Let’s find out!
What Is A Payday Loan?
In their simplest form payday loans are not tremendously different to every day loans, except they are given over a very short period of time. The idea is the money is given to you very quickly but is then repaid in one or two portions when you next receive your pay packet.
They’re not designed to be taken in the long term and are really only designed to get you out of trouble. That said payday loans don’t just have to be there for life’s little disasters. Most lenders will give you a payday loan for any reason, even if it’s to pay for a night out, or concert tickets.
The interest rate is normally a little higher with a payday loan meaning you’ll be paying a slightly higher premium for borrowing the money.
CashNow is one of the most popular websites in Australia for payday loans, and with a panel of lenders offering some of the best deals in the business it’s not hard to see why.
Who Are CashNow?
CashNow are not a direct lender but a credit representative. They act as a middle man between those looking for a loan and lenders looking for new customers. CashNow will look at your situation, see how much you need to borrow, and will then go through their extensive panel of lenders to find the one that best meets your requirements.
Not all lenders will be able to loan large sums of money, whilst others will have stricter application policies so your options will be determined by a number of factors. All of this will be dealt with by CashNow. You’ll give them your information and they will come back to you with the results. You’ll save a ton of time and effort!
How Does a Payday Loan/Cash Advance Work?
With CashNow the application process is easy. Once you get to the CashNow website you’ll be able to access their simple online application form. All you need to do is fill it out and hit submit. The form is very short and easy to complete so it won’t take you long at all.
Next CashNow will search through it’s panel of lenders to find the ones that fit your borrowing criteria before submitting your details to them. The lender will then come back to you with a decision as to whether they will lend you the money. If successful you’ll move onto the final step in the process.
Your lender will then wire the money to you and your contract will commence.
At that point your repayment agreement will come into force and you’ll be expected to repay the debt on whatever date has been agreed. Like any other credit product failure to pay the debt back will result in a default, and often legal action should the debt remain unpaid.
What’s The Difference Between a Payday Loan And a Cash Loan?
Often people can get the payday loan and cash loan mixed up, and it’s important to know that they are two different products altogether.
They are both credit products designed to be taken over a short period of time, and the biggest differences lay with the manner in which the debt is repaid. A payday loan or cash advance will normally credit your bank account with your money, whilst arranging for the money to be paid back to them directly from your bank of the pre-agreed day.
A cash loan however is normally delivered and then repaid directly at a persons door. A lenders representative will come to a customers house directly to fill in the forms before giving them the money in their hands. This will normally be in the form of a cheque but can be cash depending on the lender.
The same lender will then arrange to come back to the borrowers property to collect the money in person. A cash loan can often be paid over a slightly longer period of time, and this would all be arranged with your representative when they come to visit initially. You’ll often find that the interest rates are quite high with this kind of loan so you really want to make sure you pay the debt off as quickly as possible.
Do I Need To Be Earning A Certain Amount To Apply?
The lending criteria is pretty easy going with CashNow. The only criteria you need to fill is that your over the age of 18, that you are in ongoing full time employment, that you have a bank account capable of making direct debit payments, and that you’re a permanent Australian citizen.
As you can see application couldn’t be too much simpler. Do you have more questions? Hopefully our following FAQ section should answer them for you!
FAQ
How long will it take to apply? The online application shouldn’t really take you anymore than 5 to 10 minutes to complete. The information required is very basic and no documentation is required.
What’s the most I can borrow? Because CashNow has a roster full of lenders you’ll find you can borrow almost anywhere between $100 to $1500. With that said first time borrowers will probably only be offered around $200 by most lenders.
As you prove you’re a good customer and someone that pays their bills on time the amount you’re able to borrow will increase.
How soon will I get the money? You may have heard payday loans referred to as fast cash loans and with good reason. Depending on the lender and the time of day you reply you may even have the cash in your wallet the very same day.
In fact most lenders guarantee that if you apply before 3pm on a working day you’ll be credited the cash on the same day! That really is fast!
Can anyone get a payday loan? Although most lenders of payday loans are much more relaxed when it comes to their lending criteria, it doesn’t mean that everyone that applies will be successful.
You need to be able to prove you’re working full time, and will have the money available to repay what you borrow, plus you have to pass a credit check performed by the potential lenders.
If I need more money can I just roll this loan into another? In theory yes. The chances are there will be a cost to access this facility and it may work out cheaper if you took out separate loans instead.
The amount you’ll pay in fees will depend on the lender giving you the money so you should check before you borrow just to make sure you don’t get any nasty surprises.
How do I know what the interest rate is? You’ll get full details of the interest rate along with any other terms and conditions from the lender who agrees to give you the money. If you don’t like the rate you can always look for another lender, although in some cases you may have only has a successful response from one.
Things To Consider
A payday loan may be very easy to apply for, and may have a more lenient lending criteria, however you shouldn’t lose sight of the fact it is a credit product and so careful consideration should be taken before you apply.
Is a payday loan really your best option?
Let’s say you’re borrowing money because you normally get paid on a Friday but a bill is coming out of your bank account on Monday. Instead of jumping at a payday loan have you thought about contacting the company you owe money too?
Let them know your bill is due at the start of the week but that you don’t get paid till the end of the week, and in some cases they may make provisions for your bill to be paid late. If your just out to treat yourself to a new outfit or computer game as yourself whether you could wait till payday instead of paying extra for a loan.
Sometimes patience isn’t just a virtue but it can also be a lot cheaper too!
Be Aware Of Con Men
Unfortunately the payday loan and cash advance business has brought with it some crooks and unsavoury characters. Whilst many payday loan companies are very honest, professional and caring there are some that don’t operate in a legitimate manner.
In fact some don’t differ all that much from the dreaded loan sharks. Those who are there to lend you money with hidden small print that often leaves you paying through the nose for your money and then will intimidate you into paying it back much sooner than you can afford.
The trouble is that some loan sharks have become more advanced in their approach and even target media advertising to get new customers. Remember, just because you’ve seen it in the papers doesn’t mean it’s legitimate.
Beware of any very bold claims and be certain to check out all terms, conditions, and small print before you sign anything, or even fill out any forms. These crooks prey on those they know to be desperate for money and due diligence should be taken whenever you apply for any short term loan.
Most professional payday loan companies will have a website, and that website will be safe and secure with a strong privacy policy, in addition to terms and conditions displayed very obviously on the site. The main thing to look out for is a padlock key to be shown on the top of the search bar.
This sign normally means the site has proper security in place and that any details you give them will be kept safe and secure.
Why CashNow?
The advantage of working with a company like CashNow is that they’re not actually a lender themselves. Because they’re just the middle man they can act with your best interests at heart, ensuring you get the best deal possible.
Their main role is to find the best lender for your specific needs. The main things they will consider is how much you need to borrow, whether you need your payment terms increase over a slightly longer period of time, they’ll also look at whether you’ve borrowed money through them before, as well as taking into consideration the results of a credit check.
The good news is that bad credit does not mean you won’t be approved for a payday loan. Because these loans are generally smaller and paid off over a very short space of time, most lenders won’t refuse customers just because they have a bad credit score.
As long as you can demonstrate you’re in full time employment and that you have some way of paying the debt back you should be successful.
Apply Today
It really couldn’t be any easier to apply through CashNow. The form itself is so short you should be able to submit it within 5 minutes. On the first page of the form they need your name, date of birth, gender, and telephone number.
On the second page they need your home address, details of your employment, and most importantly your bank details so they can send the money to you and arrange repayment. Once these two sections are complete hit submit, wait for pre-approval and then wait for the money to be wired to your account.
Be sure to apply before 3pm in the afternoon and you should get your money the very same day. Even if you miss deadline you’ll still only have to wait till the day after to get your hands on the cash.
If you need cash fast for any purpose then don’t panic, and don’t get tied into a long term credit agreement. Get yourself to the CashNow website and apply for a cash advance or payday loan today!
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