What are Easy Loans

Applying for loans can be hard, that’s where easy loans come in. Easy loans are a type of loan that, like the description says, are easy to apply for. We find lenders that can offer quick and easy loans, that you can apply for whilst waiting for your morning coffee or during your lunch break.

Where can I apply for quick, easy loans?

Easy loans are normally provided, not by the big banks, but rather by smaller independent lenders. The reason for this is that the smaller lenders are focused specifically on this area and therefore can approve your loan with a faster turnaround time compared to the banks which have so much else to do. They may also have more lenient requirements for eligibility.

When looking at where you can apply for fast easy loans, do your research. A lot of lenders operate online so you can use the power of the internet to suss them out and see if they’re the best option for you. If that sounds like too much work, you can use comparison sites to compare offers and see which quick easy loans are the best ones for you. The quickest way? Apply with us and we’ll do the digging around for you to help you find the loan you need.

How do I apply for our lender-finding service?

Applying for easy loans is quite simple. First, you’ll need to apply. When applying you’ll need to provide some documentation and you’ll have to meet the lender’s requirements. So during your application, you’ll see some version of the following questions:

• Age – In Australia you need to be 18 or over to apply for any type of loan.
• Residency – To apply for a lender that can offer an easy loan, you’ll need to be one of the following. An Australian Citizen (i.e. you have a citizenship certificate) or hold permanent residency in Australia.
• Bank Account – Lenders may require that you have an Australian Bank account. This is to ensure a quick transfer of funds and to reduce costs since transferring to an international bank involves transfer fees and exchange rates. It also goes a long way in showing that you’re an Aussie citizen or permanent resident.
• Identification – When applying for easy loans you’ll have to be able to prove who you are. This means that you should be able to produce 100 points of ID. 100 points of ID can include, your passport, drivers license and something that has your name and address on it (e.g. electricity bill). This is just to ensure that you are who you say you are.
• Financial Position – Not all lenders, but some will require you to produce your most recent pay slips and bank statements.

The Lender will also want your details of living expenses (e.g. rent, food, bills etc.) and details of other loans. This is to make sure that you aren’t overcommitting and that you will be able to pay the lender back.

How can I borrow money with bad credit?

If you have bad credit, there are still ways for you to obtain an easy loan. A lot of lenders today aren’t particularly fussed on what your credit history says and rather look at your spending patterns over the last few months. Some lenders may see that you may have made mistakes in the past, but that could be in a more financially stable position now.

By Australian legislation, lenders have to check that you are financially stable, however, that doesn’t mean that if you have a black mark on your credit report that you will automatically be turned away. If you’ve defaulted on another quick loan before (https://www.moneysmart.gov.au/borrowing-and-credit/payday-loans) that may not look too good for you. However, if there’s a good reason you can talk to your lender and see what can be done.

Easy loans are also available for customers who are receiving Centrelink payments. Some lenders we find may consider Centrelink as a regular income. So, if you’re receiving Centrelink, don’t let that deter you from applying for our lender-finding service if you’re in need of an easy loan.

Easy loans are a way to get money fast. As the name says they’re easy to apply for and, depending on your personal circumstances, may be the way to go. The amount of money you want will impact your repayments, however, Australian legislation has strict rules in place so that you won’t be massively overcharged. Before you apply for easy loans make sure that you are in a financially stable position and that you do your research so that you can find the best loan for you. Or apply with us, and let us do the legwork for you.