There’s nothing worse than finding yourself strapped for cash, not knowing where to turn. It can be stressful, and it can give you a headache. Nevertheless, we’ve got a solution… it’s called a cash advance. Cash advance loans can be incredibly useful for when you find yourself in a situation where you need cash fast. That’s because getting a cash advance is super quick and easy to apply for. You can even expect to receive your cash within the same day! So, if you’re keen to find out more about our cash advance loans? We have all the information for you.
Cash advances often refer to when you receive money ahead of time that you repay later. In other words, they are a type of loan. Cash advances are useful for when you need pay for something but don’t have the funds readily available to do so.
Some cash advances can come from your employer. Whereby you make a request to receive some of your income ahead of time. You can also get cash advances with Centrelink, meaning you can receive some of your income support early. In addition to a loan cash advance, a credit card cash advance, refers to your ability to withdraw funds from your credit card. With us, cash advances work in a similar way except you repay it along with a fixed interest rate, which is the cost of borrowing the cash advance loan.
To apply for cash advance loans, the first thing to do is to jump online. All you have to do is fill out our easy online application form. Once, you’ve done that, you have taken the first step towards securing yourself a cash advance loan.
What do information do I need in order to apply?
To apply for cash advance loans, you’ll need internet connection, and access to a device that connects to the internet. In addition, as part of your application, there are a few eligibility to meet. The following is a list of the things required:
- 100 points of ID
- Your internet banking details
- Your contact number and email address
There are some requirements that you need to meet to be eligible to get a cash advance. This is because we take our responsibility as a responsible lender very seriously and don’t just lend to anyone. Therefore, you can get a cash advance with us if you are:
FOR ONE OF OUR PERSONAL LOANS, YOU MUST:
Be over 18 years of age
Receive a regular income into a personal bank account
Receive at least $400 per week or $800 per fortnight income
Be an Australian citizen, or have permanent residency
Have a direct contact number
If you’ve got bad credit you may be looking to see if you can get cash advance loans with no credit check. Well, you’ve come to the right place. At Jacaranda you can get an instant cash advance online no credit check required! We prefer to look at other factors to give us an indication of your relationship to credit. For instance, we look at your recent financial history, which demonstrates to us whether you will be reliable with making your repayments on time.
At Jacaranda, we do two different type of cash advance loans. The first type is small personal loans. With these types of cash advance loans, you can borrow between $300 to $2000 repaid over a loan term of 12 months.
Our second type of cash advance loans is called medium secured personal loans. The cash advances are slightly larger, where you can borrow between $2,100 and $4,600 which can be repaid over 13 – 24 months.
Our smaller cash advance loans, come with an establishment fee of 20% the loan amount, as well as additional fees of 4% per month.
With our medium cash advance loans, they cost an establishment fee of $400 plus additional fees of 48% per annum.
To give you a better idea of how much your repayments would be for borrowing our cash advance loans check out our cash advance calculator.
There is also a direct debit dishonour fee of $35 if you miss any of your repayments. A useful website to visit is the Moneysmart website. It outlines the permissible fees and charges for these types of loans.
To make your repayments, we set up an automatic direct debit system. That way your payments can come out of your account automatically so that you don’t have stress about making your payments on time. This can be set up so that your payments come out of your account on a weekly, fortnightly or monthly basis until your loan is completely repaid.
They can come in handy for a variety of reasons, though often they can be most useful when you need to pay for something asap. Here is an example of some of the ways cash advance loans can come in handy:
- If you need to fix something on your car – perhaps you have a little accident or maybe your car just decides to break down. If your insurance doesn’t cover it, car repair costs can be expensive. Cash advance loans can help you cover these costs easily and efficiently.
- Car rego – another way cash advance loans can come in handy is to use them to pay for your annual car registration. Rego can be tricky when it rears its ugly head as you must pay it in one go. So, cash advances can be the thing you need to cover this cost.
- New furniture – perhaps you’ve moved into your new place and you need to furnish it, cash advance loans can be the thing you need to help you fully equip your house with all the living necessities.
- Needed household items – perhaps your fridge stops working, or you need to replace your washing machine. These things are often necessities that are necessary to have in your household.
- Expensive utility bills – at times, bills can be higher than expected, for whatever reason that may be. Often, we can forget about utility bills and they can creep up on you when you least expect it.
- Wedding costs – another use of cash advance loans is to help pay for the costs associated with a wedding. Whether it’s to pay for the dress, the caterers, the band or even the honeymoon. It’s up to you and all depends on what you need the cash advance for.
- Travel expenses – if you’ve got a big trip in mind, cash advance loans can be the thing you need to help turn your travel dreams into a reality.
There are several reasons why it’s great to borrow cash advance loans from Jacaranda. Here is a list of some of the following reasons why you should come to us for your cash advance needs:
We are 100% online – since we are completely online, there is no need for you to even leave the house to get a loan with us! All you need is a decent internet connection and device to connect to the internet from and you are ready to go. There is no messy paperwork involved, everything is done electronically.
Our application process is fast! – another great benefit of our advance loans is how fast our online applications are. It only takes about 4 minutes to complete our application form. It’s that easy! Then you’ll receive an outcome of your loan application within an hour of submitting it.
We don’t assess based on your credit rating – although we do credit checks sometimes, it’s not the only thing we look at when we assess a loan applicant. We prefer to look at your recent financial transactions to make a fair assessment about whether you’ll be able to repay the loan or not.
You can pay your loan off early – another great benefit of a cash advance loans is that you can pay it off early if you would like to. That means that if you ready to get rid of your debts you can do that! Plus, we don’t charge you early exit fees!
Our fees are completely transparent – another benefit of borrowing cash advance loans with Jacaranda is that you won’t have to worry about being sprung with any unexpected costs. That means that all our fees and charges are clear and upfront, and you’ll know exactly what the fees and charges are before you enter the loan contract.
You can use the loan for any purpose you like – It’s not our business what your loan is for. We are not worried about what you used your cash advance for, its completely up to you, and what your personal situation demands.
Cash advance loans can help you improve your credit rating – if your credit rating is poor, a cash advance can serve as a tool to help you increase the value of your credit score. If you make your payments on time, it will demonstrate to lenders that you are reliable with using credit.
Cash advances can be great solutions for emergencies. Nevertheless, there are some things to keep in mind before deciding to borrow a cash advance.
Can I afford the repayments? A good question to ask yourself is whether you’ll be to afford the repayments. Can the repayments safely fit into your budget and allow you enough breathing space to pay for all your other bills. The last thing you want is to leave yourself short, and unable to repay your bills.
Have I met the eligibility requirements? Before applying ensure that you have checked the eligibility requirements. Otherwise, you’ll just be wasting your time.
Is now the right time to borrow? Do you have many other financial commitments going on the same time? If so it could be worth considering waiting for these commitments to free up a little bit before you take the plunge into more debt.
What is the purpose of my cash advance? If your reason for getting cash advance loans is not super specific you could risk getting yourself into unnecessary debt. Cash advance loans should be to serve the purpose of keeping up with everyday expenses. This is dangerous and you could end up getting yourself into unnecessary debt this way.
Ultimately, cash advance loans are great solutions to cover expenses that you couldn’t otherwise pay without them. They are easy to apply for and you can receive them straight away. Since they are 100% online there is no messy paperwork, so no mucking around trying to get your documents together. If it sounds like the solution for you, go ahead and apply now!