Aboriginal personal loans

MyOzMoney offers Aboriginal personal loans in just a matter of minutes, all online. Apply online for unsecured personal loans from $2,100 to $50,000 and you could receive your approval within the hour. Approved customers who apply during our business hours can even receive their new quick cash loan transferred into their bank account within 24 hours.

What is an aboriginal personal loan?

A personal loan is a finance product that offers you a lump sum cash payment upfront that you then repay slowly over time with fixed repayments and at a fixed interest rate. When you apply for a new personal loan and are approved, you receive a loan contract which clearly states what your repayments will be, what your interest rate is and the total cost of the loan, including additional fees and charges like establishment fees. Cash loans from MyOzMoney are available for balances between $2,100 and $50,000.

Other types of finance include a revolving line of credit which works a bit like a credit card. The MyOzMoney line of credit is available for pre-approved credit balances of up to $15,000. When you need a fast cash loan, you simply transfer money from your line of credit to your normal bank account. Minimum transfers of $100 apply. Then you repay your used credit either slowly over time or in larger payments to help reduce your interest charges. All quick loans are charged with interest but by repaying your finance earlier, you can avoid some of your interest charges.

You can choose to repay your line of credit balance immediately, taking small loans or short term loans when you need them, or you can take your time and repay your line of credit as regularly as you would a personal loan. Once you have repaid your used credit, it becomes automatically available for you to use again. Personal loans work differently. You receive your upfront cash payment at the start of the loan term and you cannot redraw additional funds from that loan, even after you repaid part of it.

It’s always a good idea to find a personal loan calculator if you’re considering a new loan. To get a general idea of what your repayments might be, use our loan calculator online and input the ideal loan amount and a general rate of interest you think you might be charged. The calculator will spit out a repayment amount which includes the principal loan amount you’re paying back, as well as the interest you will need to pay. These are great tools that give you a quick snapshot of the likely cost of a loan and how affordable your repayments will be before you apply.

How do I get an aboriginal personal loan?

To qualify for our range of fixed rate personal loans and our line of credit option, you will need to be currently employed, a permanent resident of Australia and you will need to be at least 18 years old. We service all of Australia including offering personal loans in Sydney, Melbourne, Brisbane and all other areas.

Your application will ask you for some pretty standard information like your employment details, your general living expenses such as the rent you pay or your mortgage repayments, and any other debt that you might have. We do a quick credit check on your credit report and then allocate you a special MyOzMoney credit score which determines things like fees and charges and what kind of loan offer we can make you.

We believe in responsible lending so that means that we don’t offer our customers more credit than we believe you can comfortably repay, and we also take into account all of your circumstances, especially your current ones. In the past, when you applied for products like our fast cash loans and our line of credit option, money lenders would request and receive a credit report which only showed a very limited amount of information. Times have changed in ways that not only mean we can offer you faster approvals for our range of products, but we can also receive a more complete picture of your credit history.

When we allocate our customers an internal MyOzMoney credit score, this means that we have seen and noted any trouble you may have had with credit in the past, and we’ve allocated an appropriate amount of risk to us that you may pose. When you have successfully repaid a loan with us, we re-evaluate your credit score with us and the next time that you apply for a range of loans, you are rewarded with fewer fees and charges because we have a better understanding of the kind of credit customer you are now.

How could aboriginal personal loans help your financial circumstances?

If you’re moving to a new rental property then relocating is not only a stressful time, but it can also be an expensive one. As a rental tenant, there are professional cleaning costs, possibly gardening costs, removalist costs and then the bond amount and upfront rent you have to pay for your new rental home. Applying for fast online loans from MyOzMoney could get you the cash you’re looking for to get rid of all of your upfront costs and then comfortably repay them over a fixed period of time. You can stress less while you move and focus on the good parts of relocating like furnishing your new home and settling into a new neighbourhood.

Unexpected bills usually hit at exactly the wrong time and sometimes your savings just isn’t enough to cover everything cleanly or you’d rather not clean out your entire savings in one fell swoop. Whether it’s a long term personal loan that you need to cover things like medical expenses and mechanical costs or a new car, or small loans to help you clear off your utility bills, car registration and a few other odds and ends, we can help. Our range of quick and easy loans offer you instant upfront cash so you can pay what you need to pay and still have some breathing space and a bit of savings at the end.

When you’re ready to proceed, apply online for Aboriginal personal loans with MyOzMoney. Applications take you just a few minutes to complete and approvals are fast. Apply online today and get the c