When you take a loan, it puts additional pressure on already burdened finances. If you default in repayment, it will raise the cost of loan and will take your financial condition further down. That's why; you should make loan a last resort for financial management.
Before going for loan, you should try other sources of finances if you have. You can take a little help from your friends or siblings or employer and so on. You won't be required pay interest in this case. So, there won't be additional burden.
If you don't have such sources and are forced to take a loan. You should plan well so that you can serve your immediate needs and protect your long term interests.
As a reliable loan matching service provider, AU Payday offers a few advices for personal financial management.
Loan market is swarmed with lenders and service providers. They offer different kinds of loans on their terms and conditions. You should decide the type of loan considering your present needs and repaying capability.
Loans are broadly divided into two categories, secured loans and unsecured loans. Secured loans are given against valuable asset or guarantor. You can get bigger amount of money for longer period here.
Mostly, secured loans charge lower interest. If you have valuable asset to pledge, you should go for them.
Unsecured loan are given without security or guarantor. You can get small amount of money for shorter periods. The interest charged is higher with respect to secured loans. if you don't have collateral or guarantor, you can apply for them.
This is an easy way of availing cash because loan processing simple in absence of security. Lenders only consider borrowers' earning and repaying capability.
Our payday loans are unsecured loan. You can avail them in a hassle free manner by applying online. They can get you $ 100 to $ 1500 for a month or so. No security, no guarantor, no documents, no credit check is required for loan approval.
Before applying for a loan, you should search the Internet to find out various kinds of loans available and their terms and conditions. You should consider various features of loans and select the best one according to your needs and capability.
When you apply for loan, you should select the amount and the period judiciously. The amount should serve your immediate needs and the period should allow you to repay easily. A wrong decision will force you repay more than what you actually should.
You should check the annual percentage rate (APR) of various loans to find out how much the loan will cost you. This is an ideal tool for comparing various loans. But, the comparison should be done between similar kinds of loans.
Do not pay any lender or broker an upfront fee to process your loan application.
The operator of this website is not a lender and does not make credit decisions. The information you provide will be used in securing you a payday loan with one of our carefully selected panel of leading Payday Loan Lenders in Australia. The personal, financial and employment information that we collect is stored electronically during the duration of the application and is removed from our system upon acceptance from the lender.
Please note that payday loans are meant to be used for short term financial emergencies and are not designed to provide long term solutions
We expect you to repay your loan on the date agreed, so if you do not think you are in a position to make your repayment, please do not apply with us in the first place. It is not worth risking your credit rating for such a small amount.