SocietyOne / Small Cash Loan
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Small Cash Loan
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Small Cash Loan
Applying for a small cash loan is a popular way to get quick easy loans. But have you ever considered personal loans? The rates can be very competitive, particularly from non-bank lenders. Moreover, personal loans are seen as a less risky form of credit. SocietyOne is Australia’s leading digital lending platform, and we’ve helped thousands of Aussies all around the country get the funds they need for a variety of needs and wants. We offer flexible personal loan options so you can choose the right one for you. Find out how by reading on!
What apps offer small cash loans in Australia?
The SocietyOne app allows you to apply for and track your personal loans so you can stay in control of your finances. Our entire application process can be done from the comfort of your own home, so it doesn’t matter if you’re in Perth, Adelaide, or Darwin; our services can accommodate you.
In order to qualify for our cash loans, you must meet the following requirements:
- Be at least 18 years old
- Be an Australian citizen or permanent resident
- Be earning more than $30,000 per annum
We don’t charge any excessive or hidden costs such as monthly fees or early repayment penalties. You also don’t have to worry about balloon payments because we can assure you that we provide a fixed rate, so you always know how much you need to pay per month.
Can I loan money online with no credit check?
There are some online lenders that allow you to take out a small cash loan from them without checking your credit. These types of loans are most commonly known as bad credit loans. The lenders don’t ask for your credit score, but they usually require you present information such as bank account details and documents demonstrating your ability to repay the small cash loan. However, these types of loans tend to have much higher interest rates; thus, they could land you in much more debt than you started with.
If you find that your credit standing is less than ideal as you try to apply for a loan online, there’s no need to worry. At SocietyOne, we can help you improve your credit score by providing you with tips to do so. We have a Credit Score Club you can sign up for that gives you access to comprehensive resources on how to build and manage your credit score.
SocietyOne conducts credit checks as part of our responsible lending obligations to determine whether you can repay the loan without experiencing substantial hardship. We also work towards providing you with flexible loan repayment options. If you ever find yourself in a situation wherein you can’t repay your loan with us on time, feel free to get in touch with us.
What is the process for applying for loans online?
When applying for personal loans with SocietyOne, you’ll notice that our entire process is online and streamlined to make it as easy and straightforward as possible. We even have a personal loan repayment calculator that can give you a rough idea of what your financial obligations will be. Note that this is not a final quote, as we will still need to assess your application and any other details that may affect your ability to repay the loan fully before making an offer.
You have the option to choose if you want to get a secured or unsecured loan. With an unsecured loan, you can borrow from $5,000 to $50,000, with repayment periods of two, three, or five years. With a secured loan, you can borrow from $5,000 up to $70,000, but these types of loans require you to put up an eligible asset along with asset details such as proof of ownership or purchase invoice and insurance as collateral. Secured loans have repayment periods of either two, three, five, or seven years.
Once you’re satisfied with your personal loan quote, you can begin applying for a loan application, which takes around five minutes to complete.
No matter what your loan type is, you can get your funds in your Australian bank account within one business day of getting your application approved. Our online loans can be paid through monthly or fortnightly payments if that’s more convenient for you.
Your interest rate quote depends on four things: your loan amount, loan term, loan type, and, most importantly, your credit score. We follow risk-based pricing, so if you have a good credit standing, it’s possible for us to offer you personal loans with low-interest rates.
If you’re unsure of your credit score, you can request a credit score check on our platform by clicking ‘Get My Score’. SocietyOne credit score checks are considered soft calls, which means they don’t negatively impact your credit score, unlike hard calls or credit enquiries.
Take advantage of secure personal cash loans with SocietyOne today! Our goal at SocietyOne is to make sure that you have the funds that you need to pay off things like wedding loans or apply for funding for things like renovations, student loans, and debt consolidation. Looking for competitive personal loans? SocietyOne is the finance and loan company for you. Get your rate now and enjoy quick money loans!
Don't just take our word for it...
"Process extremely easy and speedy. Staff great to work with and kept updated consistently throughout whole process."
“Society one is a refreshing new way of doing banking. From my application through to draw down the process was streamlined and timely, as advertised. No hesitation in recommending their services.”