Same Day Cash Loans

Same day cash loans allow you to access funds quickly and conveniently. At OzMoney, we offer this popular type of online personal loan with competitive rates and flexible repayment plans to ensure that we can help you cover emergency expenses without causing financial constraints when repaying your loan. 

As a responsible lending company, we make sure that you access easy same day loans that you can comfortably repay. For this reason, we conduct credit score checks and consider your current salary and monthly expenses during the approval process. 

When you apply for same day cash loans, fast cash loans, or any financing options, you only need to fill out our online application form, a process that takes less than five minutes.  Next, wait for the decision that happens within minutes. Once approved, we immediately send the funds to your bank account. 

At OzMoney, we have eliminated time-consuming paperwork, phone interviews, and other ‘frictions’ that make the application process inefficient and lengthy. We only need you to submit a copy of your bank statements and give us permission to access your credit file, which is a report we obtain from credit reporting agencies (e.g., illion, Experian, and Equifax) that shows your credit history from different sources such as banks, credit card companies, government agencies, and collection agencies.

How can I check if I am eligible for a same day cash loan?

To be eligible for our affordable same day cash loans or any instant loans with low interest, we have three major requirements: (1) You must be an Australian resident. (2) You must be over 18. (3) You’re currently employed. Visit OzMoney and click on our FAQs if you want to learn more about eligibility. 

Before you apply for our same day instant loans, you may want to check your credit score in one of the three major credit reporting agencies, or better yet, contact all of them and ask for your customer credit file. In this way, you can review and update your records if you see anything that looks erroneous. 

It’s important that your credit files are updated and accurate to enjoy more competitive rates and favourable repayment plans. Remember, lenders ‘reward’ borrowers who have good to excellent scores with lower interest rates and higher chances of approval.

What are the benefits of taking a same day cash loan?

Our instant same day cash loans, cheap cash loans, and other credit products can help you pay for emergency expenses, such as unexpected travels, home and car repairs, medical bills, and moving costs. However, you can also use them for non-discretionary reasons like credit card debt consolidation.

What factors should I consider before taking a same day cash loan?

As with any financing option, before you apply for our small same day cash loans, determine your reasons why you need them and how much you require. At OzMoney, our personal loans range from $2,100 to $50,000. 

Next, list down your monthly expenses, such as car payment, mortgage or rent, groceries, utilities, and insurance, and compare them to your net pay or take-home pay, which is the remaining amount after taxes, benefits, and other deductions are all taken. In this way, you can assess the ‘realistic’ amount you can repay comfortably every month.

Other equally important factors you need to consider are the interest rates and repayment plans. At OzMoney, we offer more competitive rates and more flexible terms than most traditional lenders like banks. For us, this is possible because we have eliminated all the overhead costs related to running a physical site. 

Instead of paying for expensive offices and staff to run multiple physical sites, we do everything online and use powerful infrastructure and smart data. Nevertheless, we have a dedicated team of customer support so you can talk to a live person if you have enquiries and suggestions.

How does the loan repayment process work?

As an innovative financial service company, we’re focused on flexibility, convenience, and efficiency. For this reason, we have developed a solid online platform and infrastructure that streamlines our application and approval process that only takes a few minutes. Once approved, we instantaneously send your funds to your bank account. 

At OzMoney, we also use smart automation that allows you to set up direct debits on your bank account. As a result, you won’t miss payments or pay penalties. But if you want to change your due dates, please notify us so we can come up with a repayment schedule that’s more suitable for you. 

To further serve you better, you’ll have a customer dashboard where you can easily view your repayment schedule, interest rates, fees, and other details related to your same day cash loans.

Do same day cash loans affect my credit score?

As with most credit products, same day cash loans affect your credit score, which is a mathematical formula that predicts how likely borrowers can pay back their loans on time. Lenders use this score to decide whether to approve your loan request and compute your interest rates. In general, the higher your score, the lower rates you get to enjoy because you’re perceived as a ‘safe’ and excellent borrower.

By contrast, borrowers with poor credit scores due to a history of foreclosure, bankruptcy, unpaid debts, and missed payments may find it hard to get their loan applications approved. Or if they get approved, they usually have higher interest rates than their peers who have good to excellent credit scores.

Are there any extra charges for late repayments on same day cash loans?

If your account is not up to date by the end of the last day of the month, a $15 overdue account fee will be charged from your account. But if you’re struggling with your repayments due to some unexpected changes in your circumstances (e.g., sickness and job loss), you can contact OzMoney to explain your situation so we can come up with a new arrangement that’s more suitable for you. 
To learn more about our same day cash loans or any other financing options like line of credit, easy finance, rent assistance, long term personal loans, bond assistance, and education loans, visit OzMoney now and apply for a loan that suits your needs.