Frequently Asked Questions
If you have any questions about the cash loan industry and the processes behind obtaining a rapid loan, you may be able to find the answer to your question here. This is a list of the questions that rapidloans4you.com.au is asked most frequently about the process of obtaining loans and the industry in general. If you cannot find the answer to your question here for any reason, you can contact us via any of the methods listed on our Contact Us page. Please, keep in mind that we do not have any access to the information about specific loans or offers, so these questions should be directed toward your specific lender. We will respond to any inquiry within 48 hours.
What are short term loans?
Short term loans are generally small sums of cash below $2000 that are made available to consumers in the event of financial emergencies in most cases regardless of their credit histories. This cash is generally available to clients on the business day following their approval.
In Australia short terms loans are also known as a rapid loan, quick loan, instant cash loan.
Who can apply for a rapid loan?
- you must be over 18 years old an Australian citizen or Australian permanent resident.
- have to be employed or receive income on regular basis.
- have your own mobile phone number and email address.
What is the maximum loan amount?
Usually the amount you can borrow vary between $100 and $2000 for the new customers. However the actual size of loan is totally depends on lender.
How will I get my money?
In most cases, your lender will deposit the funds into your bank account on the same business day following your loan approval.
Note: bank transfers can only be made between 9am and 5pm Australian Eastern Standard Time. Outside of these hours, the payment will be processed next business day.
Should I provide any documents to the lender?
- Normal practice is to ask a bank statement for the 90 day period from when you apply. No full credit check is required. Your bank statement will be stored securely through encrypted servers and viewed only by lender. It’s safe, secure and most importantly, easier for you.
- It is also common to ask the ID, usually a drivers license. In this case, lender will contact you directly and ask for you to send a copy.
If I have paid off my loan how long do I need to wait for my next one?
Once your final loan repayment has cleared lender is able to assess your new application. If you meet the current lending criteria, your new rapid loan will be approved. It’s as easy as that!
Can I have more than one loan at once?
Normally lenders across Australia do not allow to get you one more short term loan at the same time. Once current loan is paid in full you may apply again.
How much does it cost?
The overall costs associated with obtaining a quick loan are ultimately determined by the lender. We will never charge you for the service provided by rapidloans4you.com.au. Please, take the time to review the loan offer you receive very carefully for the rates and fees associated with your loan as well as any late fees or interest that may be charged if you fail to repay your loan on time. Lenders are required to provide this information in details.
What if my payment is late?
You should always contact your lender as soon as you are aware that your payment will be late in order to avoid potentially huge charges.
Is my information safe?