Guaranteed Personal Loans

Easy Approval Loans

Information verified correct on October 25th, 2016

Easy approval loans could offer a great way to get instant cash

If you want some quick cash but do not meet the eligibility criteria to get approved for a standard personal loan, an easy approval loan could work for you. Such loans do not have strict documentation requirements and you can access financing even without collateral. Being approved for most standard loans can be a protracted affair, as the approval process can take far too long when you need cash as soon as possible. Easy approval loans can either be secured or unsecured, with the possibility to access anywhere between $100 to $1,500 within 24 hours.

Sunshine Short Term Offer

Sunshine Short Term Offer

This is a short term loan offer with a fast and easy online application for bad credit borrowers who are employed. You can apply today to get approved for up to $2,000.

  • Loan Amount: $2,000
  • Loan Term: 9 weeks
  • Turnaround Time: 30 Minutes - conditions apply
  • Total Cost of Borrowing $100: 20% of borrowed amount + 4% of borrowed amount each month
  • Bad credit borrowers OK
  • Quick and easy Approval
  • No Credit Checks - Must be employed

    Comparison of Easy Approval Loans

    Rates last updated October 25th, 2016
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    Warning about Borrowing

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    It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

    Check your options before you borrow:

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    • Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
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    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.

    How to easy approval loans work

    How do easy approval loans work?

    Personal loans usually have a long loan term, which translates to higher interest costs, and usually have a long approval period. If you are in need of instant cash or have a bad credit rating which locks you out from most standard loans, an easy approval loan could be a good option to explore. Such loans usually have a shorter approval period and less eligibility requirements. However, they usually have higher interest rates and have a short loan term, which makes them suitable only during emergencies when you require a quick cash fix.

    The 3 easy steps to get your loan approved

    Getting your loan approved should not be a hassle or a nightmare -especially if you follow these steps.

    1. Get all your supporting documents in order i.e bank statemens, identification and anything else the insitution requires.
    2. Compare a range of loans and lenders online before apply
    3. Complete your application, being as thorough as possible and providing as much information as requested.

    What you need to know about personal loans with easy approval

    The term easy approval loans covers a wide range of lenders and loan types, but it is important to realise the differences between them and know what factors matter when comparing. We've included some factors that you should consider when making your comparisons

    • What is the actual approval period?
      With an easy approval loan, you can apply online and get approved instantly as long as you have a good credit rating and can provide proof of income. There are many lenders offering instant cash online within less than 24 hours, allowing you to access quick cash without having to go through strict eligibility criteria or having to wait for long periods before being approved. When in need of a quick cash fix, it would make more sense to go for a lender with a straightforward and quick approval period.
    • Is the loan secured or unsecured?
      Depending on your preferences and availability of collateral, you can opt for a secured or unsecured instant loan. With a secured easy approval loan you are required to pledge collateral against your loan as security in case you are unable to pay. Collateral could be a property deed, a guarantor or even the item you wish to use the money to finance. An unsecured loan does not require you to provide any security, but your credit rating has to be good due to the extra risk the lender takes on.
    • What are the interest rates associated with the loan?
      Easy approval loans usually have higher interest rates than standard loans due to the higher risk involved, which makes it even more important to shop around for one with a competitive rate so as to reduce the cost of borrowing.
    • Are there any payment penalties?
      Most easy approval loans have late payment penalties, which could make them very expensive if you don’t pay your monthly repayments in time. You should consider the penalties on your instant cash loan before you apply so as to avoid paying much more in the long run.

    Pros and cons of easy approval loans


    • Instant approval.

    One of the main benefits of an easy approval loan is that you get approved within 24 hours and have the money transferred to your account instantly. Such loans are available online and usually have low eligibility requirements, meaning that you can apply even if you have defaults on your credit file. If you need instant cash, an easy approval loan is convenient as you will get a response as to whether you qualify for the loan and how much you can borrow in a few minutes.

    • Flexible loan amount.

    You can borrow as little as $100 or up to $2,000 on your instant cash loan. This allows you to get quick cash for anything from a car purchase to just paying your rent with minimal hassle.

    • Lax eligibility criteria.

    Unlike standard loans that have strict eligibility criteria, an easy approval loan allows you to access cash with less documentation. All you have to do is produce proof of income and have a good credit rating. You can even get the cash you need without any collateral.


    • High interest rates.

    The main downside with an easy approval loan is the high interest charges you will incur.

    • Short repayment period. .

    With most instant cash loans you will only have about three to six months to finish your repayments, which could be beyond your budget

    Things to avoid about easy approval loans

    • Late payments.
      You should always make sure you pay your loan on time to avoid late payment penalties. You should also try and take out a secured instant cash loan if possible, as interest charges and penalties on such a loan will be considerably lower than on an unsecured one. If you default on your loan, your credit rating will suffer and it will make it harder to access financing in future.
    • Check for extra payments.
      Not reading the fine print on an easy approval loan could expose you to unexpected costs that would make the loan harder to repay. Check for processing fees and other charges that may not be disclosed on the loan application form.

    How to apply for an easy approval loan

    If you are in need of some quick financing to take care of an urgent financial need, you should consider applying for one of our featured easy approval loans on You will be able to apply for the loan online and get the cash instantly. Use our comparison table to compare different instant cash products and find one that works for you. Here are the basic eligibility requirements that most lenders will ask for before approving you for an instant cash loan:

    • Proof of income
    • Be above the age of 18
    • Be an Australian citizen permanently residing in Australia
    • Have a good credit rating
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    2 Responses to Easy Approval Loans

    1. Default Gravatar
      Emma | July 21, 2015

      Is it alright if I borrow ..

      • Staff
        Belinda | July 23, 2015

        Hi Emma,

        Thanks for your enquiry.

        Please note that lenders have different eligibility criteria for personal loans, but ultimately they will assess your ability to service the loan with your income sources.

        If you’d like to apply for one of the above personal loans, simply click ‘go to site’ and you’ll be redirected to the application page where you can complete the process online.


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