Frequently Asked Questions
How long does it take for me to apply and receive my money?
Normally, it takes only a few minutes from the time you apply to the time you are approved. However, in some circumstances it may be required for you to provide extra detail but even if this is the cae it still should be completed in under twenty five minutes.
How much can I borrow?
You can borrow anywhere from $100 to $750 depending on your personal circumstances. Money can be in your account today!
You Borrow |
You Payback |
$100 |
$125 |
$200 |
$250 |
$300 |
$375 |
$400 |
$500 |
$500 |
$625 |
$600 |
$750 |
$750 |
$937.50 |
Why is the APR so high?
Annual Percentage Rate or APR is a common method for comparing finance that is lent over a period of 12 months or more but a Payday loan is set of a period of 1 month and therefore can be misleading for comparison purposes.
The below table demonstrates this:
Loan
Type |
Loan
Amount |
Months |
Total Repayable |
APR |
Actual Interest |
Installment |
$2000 |
36 |
$2973.96 |
16.9% |
49% |
Installment |
$2000 |
60 |
$3875.40 |
16.9% |
94% |
Payday Loan |
$1000 |
1 |
$1250 |
1355% |
25% |
What are your eligibility criteria?
If you are 18 or over, in full time employment earning $750 per month or more, you are likely to be eligible. You will need a bank account that accepts direct debits and we are required to prove your identity.
What is the eligibility criteria?
You must be over 18, in full time employment earning a minimum of $750 per month and have an active banking account. Your bank account must accept direct debits for repaying your loan.
Does my application go through credit agencies or credit scoring?
No, currently we do not use credit reference agencies to score your application
I have bad credit history - can I still be approved?
Absolutely, we are not basing our decision to lend to you over the long term (twelve months or more) so we are only concerned with your present financial circumstances.
I don't have a debit card - can I still apply?
It is not always necessary to have a debit card attached to your bank account, please ask us for more details.
How do I apply?
When will I get my loan proceeds?
We will immidiately transfer the funds; if it's before three PM then you will have your money today. Otherwise the funds will be in your account on the very next bank business day.
How will I get my loan?
It will be paid straight into your personal bank account.
How do I pay back my loan?
Easy, we will debit your payment from your bank account on the agreed payment date, there is nothing you have to do!/P>
Can I defer my Payment?
Yes - but we strongly discourage deferring payments because it can lead to additional charges.
What if I have issues repaying?
People's financial situations change and we understand that. If this happens to you, please contact us as soon as possible and we will do everything we can to help. The most common things to note are:
• Don’t borrow money if you honestly don’t believe you can repay it on time
• Contact us as soon as you realize there is a problem and we will try to work with you to keep you from further issues
