SocietyOne / Small Cash Loans Australia
Personal Loans made easy
Credit made for you
Small Cash Loans Australia
Award winning personal loans
Small Cash Loans Australia
Availing of small cash loans in Australia is a great way to pay off immediate needs, such as emergencies, groceries, and the like. However, applying can be a tiresome process.
At SocietyOne, we aim to be the home of accessible and affordable personal loans in Australia. To find out more about the types of loans we offer and how to apply, read on as we answer some of your questions.
What is the maximum amount for small fast loans in Australia?
The maximum amount for small fast loans varies from lender to lender in Australia. At SocietyOne, the minimum amount for personal loans is $5,000, while the maximum loan amounts depend on your loan type.
The loan types are secured loans and unsecured loans. Unsecured loans allow you to borrow up to $50,000 and repay within two, three, or five years. With secured loans, you can borrow up to $70,000, with repayment periods of two, three, five, or seven years. To apply for a secured loan, you’ll have to put up an eligible asset as collateral.
Here are the documents you need to submit when you apply for a loan online with SocietyOne:
- Personal documents showing your name, address, and date of birth
- Driver’s licence or passport
- Proof of address, such as a utility bill
- Proof of income, such as a payslip or a bank statement
- Details about your day-to-day expenses and possible existing debts
Is there a limit to applying for small cash loans online in Australia?
There are no laws limiting the number of small cash loans in Australia; however, internal restrictions may vary from lender to lender. In addition, you should be wary of applying for multiple loans at once. Doing so may affect your credit score since applying for loans makes a mark on your credit report.
If finance and loan companies see that you’re applying for numerous loans in a short period, it could raise questions about your credibility as a borrower and increase your risk to loan companies. This may limit the approval of further loans or increase your interest rates.
Try out the personal loan repayment calculator on the SocietyOne website to see loan interest rates and monthly payments compatible with your needs and monetary capabilities.
If you’re satisfied with your personal loan interest rate quote, then fill out our online loan application, which usually takes about five minutes to complete. Once your loan gets approved, you will have your funds in your Australian bank account within one business day.
What should I be mindful of when applying for money loans online?
Here are a few things you should be aware of when borrowing money online, such as through small cash loans in Australia:
Know your credit score. Your credit score is one of the most important factors that loan companies consider when providing you with a suitable interest rate.
If you don’t know your credit score, there’s no need to worry. SocietyOne makes it possible for you to check your credit score on our website. Whether you have good credit or bad credit, our credit score improvement tips can help you further improve your credit profile. We also recommend that you sign up for our Credit Score Club, where we give in-depth information on improving and maintaining your credit score.
For your safety and security, check the credibility of the potential lender for your personal and small cash loans in Australia. This will help ensure that the cash loan services you’re checking out are legit and trustworthy.
At SocietyOne, you can be sure that we are fully compliant with the National Consumer Credit Protection Act and the Australian Securities and Investments Commission’s (ASIC) financial services laws. We are also part of the MONEYME Group, a top-trusted lending company in Australia.
Our credibility is why individuals are keen to invest in loans with SocietyOne and why it’s one of the leading lending companies in Australia.
Specific loan details
When you are going through an online lending process, you have to know every detail of the loan you are applying for. These include the following:
- Interest rate
- Repayment methods
- Repayment period
- Late payment fees
- Early loan repayment fees
- Any other charges that may apply
It is important to check your lender’s loan rate compared to others. SocietyOne offers competitive loan rates based on your credit profile – the better your credit score, the lower the interest rate.
Apart from interest, there are a lot of different charges that may come with your loan. However, at SocietyOne, we try to cut back on these fees. You only pay for your loan amount, fixed interest rate, and establishment fee. You won’t have to worry about extra charges such as monthly fees, balloon payments, or early repayment fees.
Get easy and secure personal loans with SocietyOne today.
We work to help thousands of Australians all over the country apply for a loan online, whether they’re looking for debt consolidation, wedding loans, loans for students, or the like. Join our customer base, and enjoy the convenience our loan services offer.
What are you waiting for? Get your rate with us at SocietyOne now!
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.”