Borrow up to $2,000 with Easy Financing and have Up to 3 months to repay it.
If you’re in need of a short-term loan, whether it be for bills, car repairs or any other expense, one option is a personal loan from Easy Financing. Apply for a loan between $300 and $2,000 online and you can receive it on the same day.
How does a loan from Easy Financing work?
Find out if you’re eligible and then submit your application online. After the initial online application you’ll need to send through supporting documents, and once those are received a representative from Easy Financing will call you to discuss your application. This can be in as little as one hour. If you’re approved, your loan can be transferred to your account within 24 to 48 hours.
Your repayments are structured around when you get paid, so it can be weekly, fortnightly or monthly. Repay your loan using a direct salary transfer or automatic transfer from your bank account. You can also apply for a loan up to $5,000 with Easy Financing.
|Product Name||Easy Financing Personal Loan|
|Minimum Loan Amount||$300|
|Maximum Loan Amount||$2,000|
|Initial Maximium Loan Amount||$2,000|
|Loan Term||Up to 3 months|
|Cash Deposited In||Same Day if approved|
|Costs||20% of borrowed amount + 4% of borrowed amount each month|
|Requirements||You must be over 18 and employed and have a bank account.|
|Available to Centrelink Borrowers?||No|
- Flexible repayment options1% off government regulated fee rate
- High Repayment amounts
Compare Other Short Term Loans
Whilst we don't compare Easy Financing Personal Loan directly, here are some other loans that are similar.
Features of an Easy Financing loan
Before you take out a loan, it’s helpful to know all the features and benefits. Here is what you can expect from a personal loan with Easy Financing:
- Easy application. You can apply conveniently online from your computer or mobile.
- Accommodating eligibility criteria. Easy Financing will consider you for a loan if you have bad credit or if you’re employed only part-time or casually, as long as you meet the minimum eligibility criteria.
- Quick turnaround time. You can find out if you’re approved within one hour and receive the loan on the same day.
- Personal communication. After you apply, you’ll be contacted by someone from Easy Financing to help you through the loan process and to discuss your eligibility.
- Flexible repayments. Repay your loan weekly, fortnightly or monthly, and choose between direct salary transfer or automatic direct transfer from your bank account. You can also repay the loan early without penalty.
- Longer loan terms. Some lenders require you to pay back your loan within one month, but with Easy Financing you can have Up to 3 months to repay it.
“What will I be charged?”
When you apply, you will be offered a loan contract with a list of all fees and charges that relate to your specific loan. It’s important to go through the contract and understand what you will and might be charged. Here is an outline of Easy Financing’s fee structure:
- Establishment fee: 20% of your principal loan amount
- Monthly fee: 4% of your principal loan amount
- Missed payment fee: $35 for each missed payment. Get in touch with Easy Financing if you think you might have trouble making a payment.
Ready to apply? Here’s how
Click “Go to Site” when you’re ready to submit your application. First, make sure you meet the minimum eligibility criteria. You must:
- Be over the age of 18
- Be an Australian or New Zealand citizen or permanent resident
- Have an Australian bank account
- Have access to the Internet
- Be employed
- Earn at least $450 per Week
- Have not had any defaults with other lenders in the last 30 days
If you are able to answer “yes” to all of the above, you can start your application. You will need to upload identification documents, your bank account details and proof of your income, so have the following on hand:
- Identification. 100 points of ID in the form of a driver’s licence, Medicare card, passport, birth certificate or payslips.
- Financial. Bank statements and bank account details.
- Personal details. Confirmation of your residential address in the form of a utility bill, car registration or phone bill.
If you’re approved for a loan, Easy Financing will email and text you a username and password to log into your account to electronically sign your contract. After you sign, the funds will be transferred to your bank account.