$50 to $5,000 paid out today!

Cash Loans Fast

Fast 3 to 36 month online loans.

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100% No obligation loan quote

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Get your cash in 60 minutes once accepted*

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April 20, 2022
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Cash Loans Fast

When you need access to cash loans fast, it is sometimes not enough to just get approved. You also want to get the funds fast. Unfortunately, with most traditional lenders, it can take time for your loan to get approved, if it gets approved at all. When you don’t have the luxury to wait for days to know the outcome of your financing application, online fast cash loans is the way to go. At MagicLoan, our lender partners offer fast cash loans online which come with quick online applications along with equally fast funds transfers.

When taking advantage of cash loans fast, you have the option to take out up to $5000. You can also choose to have the debt paid off within a short time or extend your repayments for up to 2 years.  It doesn’t matter what the expense is or how much you need to borrow. We have lender partners who can offer the right financing option for you. Most of the borrowers we have assisted over the years who needed fast access to cash use the funds for paying rental bonds, urgent bills, emergency vet visits or even holidays. 

cash loans fast

Qualifying for cash loans fast

Over the years that we have been helping Australians get access to funds fast, we have learned that different borrowers tend to have different schedules and priorities. Not every lender can be the appropriate fit for every borrower or the specific purposes they plan to use the funds for. This is where we come in. When you send an application for same day cash, our loan experts will look into your financial and personal details to ensure that we can have you paired with the provider that can assist you best. Will determine which of our lender partners will be the most ideal for you.   

What to expect with cash loans fast?

Quick access to cash

MagicLoan works with lenders offering cash loans online who are known for their streamlined applications. This ensures that you will get access to cash without having to wait that long. This is ideal for those instances when you have an urgent expense that needs covering.  

Set and upfront fees

All the fees associated with the loan will be outlined ahead of time. This ensures that you know exactly how much your repayments are going to be and how they will stay the same until the loan term is completed. This ensures that there won’t be any surprise fees and that budgeting around these figures so you won’t miss any due dates will be easy enough to do.  

Fewer documents required

There won’t be any need for you to submit mountains of paperwork just to get your application approved. The whole process is done online. So, all you need to do is attach the documents that the lenders require and you’re good to do. This can all be done straight from any device that can access the internet, be it your smartphone, laptop, pc or tablet. 

Applying for cash loans fast

Submit an application

Start by sending us an application. Fill out the application form on the website and be as accurate as possible when putting in your personal and financial details. Once the form is submitted, our loan specialists will do their best to ensure that you will get an outcome within 60 minutes so a lender will get in touch with you with a loan offer and you can get your funds not long after. 

Upload the necessary documents

You will need to upload all the required documents to help support the application. In most cases, this could include your payslips for the last 90 days, bank statements for the last three months as well as acceptable ID cards.

Additional questions

If the instant cash loan does not get approved immediately, a loan specialist will get in touch with you. They will likely ask for additional documents and clarify certain details about the information you have shared on your application form to help strengthen your loan application. 

Loan approval

After the lender has got a hold of all the necessary details they need and other supporting documents necessary to process our loan application, they will make a decision on whether to approve or reject your application. 

Sign the contract

After your application gets approved, your lender will send the loan contract so you can review the terms and conditions before signing. After signing the contract, the lender will then start processing the funds transfer to the bank account you nominated. Depending on your bank’s processing time, it can take a few minutes to receive your small loan. In some cases, it might take until the next business day to receive the funds.

Can I use the funds from cash loans fast for anything?

The answer is yes. There are no restrictions on how you can use the funds. The reason for this is because cash loans are unsecured financing. So, there is no need for you to buy a vehicle or anything that specific just to fulfill the terms of the loan. From car repairs to starting a business to funding a holiday, you have the freedom to use the funds as you see fit. You can borrow as much as you want or as much as you are approved for too. Just see to it that you can afford to pay it back.

How can I apply for a cash loan?

It’s quick and easy to apply for a cash loan. The whole process is 100% online, so all you need is a device that will give you access to the internet. You’ll also be asked by the lender to provide read-only access to the last 90 days of your bank statements so they can better assess how affordable a loan is for you. You may also be asked for proof of address and IDs as well. Once approved, you’ll get sent a contract and once you sign it and send it back, the funds will be transferred which shouldn’t take longer than 24 hours to complete. 

instant loans

What sets bank loans and online loans apart?

Online loans offer a shorter-term option as opposed to what bank loans and personal loans offer. The debt can be repaid in as short as 16 days or you can have the repayments extended to up to 2 years. Fast loans will also let you borrow between $300-and $5000. Most bank loans will let you borrow more considerable figures and for longer terms. Cash loans are also known for their quick application process compared to traditional bank loans. 

What happens during the loan approval process?

Lenders will generally ask for a three-month’s worth copy of your bank statements. This is how they will assess how much you are earning and spending and if you will still have enough left to pay off your debt. While they will check your credit report, they will do so only to check if you have any existing loans and are not up to your neck in debt. Your credit score isn’t going to matter that much. Instead, they will focus on your ability to repay the debt.

How long does it take for loan applications to get processed?

It doesn’t take long for the application process to get completed. While different lenders tend to have different processing times, the specialist lenders we work with at MagicLoan are known for their streamlined process so you can expect an outcome within 60 minutes of submitting your application. Your funds will then get transferred shortly after the loan gets approved or within 24 hours, depending on your bank’s processing times. 

Am I getting the best loan option?

It can be overwhelming to shop around for the right lender with so many loan choices available. This is where we come in. Our loan specialists will review your personal and financial details to determine which among our lender partners can offer you the best possible loan deal. 

MagicLoan.com.au (Credit Representative Number - 535991) which is an Introducer Appointed Representative of Marketplace Finance Pty Ltd (Credit Representative Number: 487316).  

MagicLoan is not a lender and does not make credit decisions. MagicLoan matches customer applications with lenders in our network based on the information provided, in exchange for a commission paid by the lender for advertising services provided. There is no guarantee that you will be accepted by a lender or that you will be offered terms suitable for your financial needs. Not all lenders will be able to provide amounts up to $5000. The time required to process and transfer the loan varies by the lender. This website does not directly endorse any particular product or service. Any information on this site should serve as opinion only. As a condition of extending credit, some lenders you may be matched with may run a credit check from a credit reference agency. Late or missed payments may be subject to increased fees and/or interest rates.

1. Subject to application being approved by the lender. Not all lenders are able to provide up to $5000

2. Subject to lenders requirements and approval. The time that it takes for the cash to be received in your account will depend on your bank’s policies and procedures. 

Consumer Advisory: MagicLoan is a loan matching service. This site will submit the information you provide to a direct lender. Upon loan approval, a direct lender may require further information from you which will be collected after we transfer you to their website or they may contact you via phone or email.

All applications will be subject to credit checks and affordability assessments in line with responsible lending. Loan terms, conditions and policies vary by lender and applicant qualifications. Late or missed loan payments may be subject to increased fees and interest rates. Not all lending partners offer up to $5,000 loans, and not all applicants will be approved for their requested loan amounts. Loan repayment periods vary by lender also. Lenders may use collection services for non-payment of loans.

Not all borrowers will qualify for a loan, the operator of this website does not engage in any direct consumer lending, we simply provide a FREE loan matching service to the public. To operate this service we receive a commission from the lender we refer you to.

Auto Decisioning allows lenders to make a decision on your loan application without the need for human interaction, for more information please contact your lender or see their privacy policy.