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People who are unable to pay for a sudden expense or an unexpected bill may consider a short term loan in Wollongong. We've put together a guide to help them make the most informed decision for their circumstances.
If you're struggling financially and would like to speak to someone for free financial advice, information and assistance you can call the Financial Counsellors hotline on 1800 007 007 (open from 9:30am to 4pm, Monday to Friday). If you are suffering financial problems related to the coronavirus pandemic you may be eligible for additional support. Find out more here: https://www.finder.com.au/coronavirus-financial-help
Do you really need a loan today?*
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.
Check your options before you borrow:
The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.
* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.
Customers can apply for a short term loan in Wollongong at a storefront lender or online, depending on what suits their situation. Online lenders can approve applicants in minutes and have the money transferred to them in 24 hours, while storefront lenders can offer one-hour turnaround for cash-in-hand. However, there might be fewer store-front lenders to choose from in Wollongong due to the size of the city.
Short term loans are usually between $100 and $2,000 and repayment terms can vary from one or two months up to a year. While applicants may be able to borrow up to $5,000 with some lenders, they will pay a higher cost. Find out more about fees and rates below.
From
variable rate
100% confidential application
Borrow up to $10,000 with maximum loan term of 3 years. Fast turnaround and pay no additional charges for early repayment.
There are many ways to compare lenders, but here are a few key things to keep your eye on while looking around for a payday loan.
There are a number of pros and cons to getting a payday loan:
With access to the Internet, people can get access to a whole variety of online lenders that may be willing to overlook a bad credit history or supply quick access to funds. Borrowers may be able to get loans from lenders in the Wollongong CBD, Warrawong, Figtree, Mangerton, Tarrawanna, Corrimal and Albion Park Rail.
There are a few questions people should ask themselves before applying for a payday loan:
Compare options prior to applying.
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