Quick Loan

Quick Loan

A quick loan is a reasonable response when something unexpected happens. Whether it’s a kitchen pipe bursting in the middle of the night or your car’s brake lines acting up in the middle of a trip, such events occur without warning and catch us off-guard – often financially.

That’s where quick cash loans come in. A quick loan addresses the cash flow interruption that accidents or necessary repairs create while ideally keeping us within a comfortable dip to our usual budget.

What makes a fair and fast credit loan? At SocietyOne, it’s a personalised loan with terms that cater to your specific needs. Here’s a breakdown.

What loans can I get with no credit check?

A quick loan that doesn’t require a credit check is considered an unsecured loan. Unsecured loans don’t require collateral to be approved. SocietyOne offers personal unsecured loans, as well as secured loans that require collateral. Regarding loanable amounts, the ceiling is $50,000 for up to five years for unsecured loans and $70,000 for up to seven years for secured loans. Both loan types have a floor of $5,000 for a minimum term duration of two years.

For example, personal loans for students may qualify as unsecured loans depending on the desired amount. On the other hand, personal loans with guarantor requirements are secured loans, and typically require property or personal vehicles as collateral.

Your credit score could determine which loans you qualify for, so it’s best to keep it healthy by maintaining good repayment habits.

How to address a poor credit score

If you plan to apply for a quick loan, but your credit score is poor, you may find it more difficult to get a loan application approved. While there are lenders who cater specifically to borrowers with poor scores, they may also offer prohibitively exorbitant interest rates to compensate – which is risky if you already have poor credit.

This is why a credit score and corresponding credit history are important, even if it’s just for a quick loan: your score and history inform lenders and creditors about your loan repayment habits. Bad credit isn’t ideal, but no credit can also be detrimental if you’re planning on taking on borrowing considerable amounts – even if you have assets you can pledge as collateral.

SocietyOne is a strong believer in financial responsibility, which is why we have a Credit Score tool that you can use to get your credit score for free. This allows you to track your progress at any time, from anywhere with internet access, and as often as you deem it necessary. It’s powered by Experian (one of Australia's three official credit reporting agencies) so you can be sure that you’re getting accurate updates on your score.

We also have a Credit Score Club that provides unlimited access to insights and resources that will help you get your score back on track. Once you’ve gotten your score to healthier levels, you’ll unlock more attractive rates from finance and credit platforms, like low personal loan rates. Sign up for this obligation-free membership today.

What documents do I need for a quick loan?

These are the commonly required documents when applying for a fast loan online at SocietyOne.

• Documents with your personal information, such as your legal name, date of birth, and present address
• Government-issued identification, like a passport or driver’s licence
• Proof of income, such as payslips or bank statements
• Recent utility bills or other proofs of address within the country
• Documents regarding other existing debts or loans

Additional documents may be requested depending on the loan type to help our team determine a better-suited loan term for you.

Can I apply for a quick loan online with no credit history?

It’s possible to get a quick loan without any credit history, but with other loan platforms or providers, don’t be surprised if they give you higher interest rates by annual percentage.

A small quick loan can help address this. By building your history with small quick cash loans that you repay on time and close on schedule, your score gets higher. The opposite can be said when you default on a fast credit loan – your score takes a hit, making it harder for you to get credit in the future.

You can trust SocietyOne’s lending solutions

SocietyOne offers better rates the higher your credit score – providing faster and fairer deals for easy quick loans compared to traditional financing institutions like banks. We’ve helped thousands of Australians address urgent cash gaps through various loan products since we opened our books in 2012. We’ve also provided finance products dedicated to improving quality of life, like a renovation loan, an unsecured car loan, or a wedding loan.

From our robust credit products to our customer support, we provide fast, fair, and financially responsible lending options to clients from all walks of life. It’s not just about quick, cheap loans at SocietyOne – we want you to trust us with your credit solutions.

Our website and app aren’t just for loan applications – they offer financial services as well. Along with our Credit Score Club, our loan calculator gives interested borrowers the freedom to review loan terms and repayment amounts to make informed decisions before the application process. We also have customer support through email via customer.service@societyone.com.au, and through phone calls via either 1300 144 221 or 02 8397 9700 (Monday to Friday, from 9.00 a.m. to 5.00 p.m. AEDT).

Loans aren’t just for dire emergencies – they’re valuable tools that help us maintain comfortable lifestyles at manageable costs. Through responsible repayment habits and robust loan offerings, SocietyOne caters to everything from loan consolidation to holiday loans.

SocietyOne makes it possible to get a loan at your convenience on terms that suit you. Apply for a quick loan with us today.