Same Day Loans
Need cash fast?
Emergencies can be quite expensive. Whether it is an unexpected car repair, health emergency or some emergency home fixing that needs to be done as soon as possible, emergencies can be quite costly and will usually come when you least expect them. Worse, you will likely not have enough funds saved up to cover the costs. If you ever find yourself having a hard time sourcing the emergency cash loan you need, MagicLoan’s might just save the day.
Our same day loans are aimed to offer solutions to borrowers dealing with financial needs that pop out when they’re least expected. These loans are 100% online, quick and paperless— everything that anybody in need of cash fast will want for a loan. Read on to learn more about this loan and how you can sign up.
Who are we?
We thought it best to let you know more about us first before we delve into the nitty-gritty of same day cash loans. We are MagicLoans, an established and award-winning lender locator that has been assisting Aussies— offering them affordable and reliable loan services.
At MaigcLoan, we are very much aware of the stigma that has long since been attached to our type of business. This is why we have committed ourselves towards turning that around in the hopes that the public will start to regard us in a much better light.
We are a trustworthy, reliable and legitimate lender locator that aims to give you a helping hand towards taking the next steps forward. Transparency, top- notch customer service and honesty are our driving force to prove to you that we are second to none among lender locators out there.
What are same day loans?
Same day loans are a type of bad credit loan that is not only applied for and processed on the same day but is approved within the same time-frame as well.
MagicLoan has a team of specialists that can get your application running in no time! Our service is 100% online and you won’t even have to deal with appointments, long lines and paperwork.
We have streamlined the whole application process and our team of specialists ensures that there will be beating around the bush just to ensure that the cash you need will be extended to you with no unnecessary frills and delays.
Can I apply for a loan- same day?
Our same day loan, as the name implies, are intended for borrowers that need their funds fast. Applying for any of these credit instruments ensures that it will be delivered fast. MagicLoan offers access of up to $10000 and the funds could be in your account in just 1 hour from its approval.
Do bear in mind that this can be affected by the different transfer times of your bank as well as your specific circumstances.
How fast can I get access to same day loans?
If you send in your application within our business hours in AEST, our loan specialists may be able to get you match with a lender that will offer cash loans that will get approved on the same day.
Some applicants may get an approval or rejection for their application from MagicLoan’s partner lenders within just 1 hour of completing and sending their application, this is because we have access to 247 online loans.
Can I get access to bad credit same day loan?
Yes! At MagicLoan, we believe that a bad credit history shouldn’t keep you from getting access to same day cash loans. We know that your past missteps reflected on your credit history don’t tell us the whole story.
This is why we work with lenders that are known for not only focusing solely on your credit score when deciding whether or not to grant you a loan. Our lender partners have been known to offer loans to Aussies from all walks of life and with all types of financial circumstances.
What makes us really stand out from the rest is our partnership with lenders that will instead focus on the current state of your finances when assessing whether you can afford to pay a loan or not.
Do you offer no credit check loans?
No. We are committed to observing responsible lending practice. This means that credit checks will be conducted as part of loan application assessments. Part of this commitment is ensuring that even same day loan applications will undergo necessary credit checks service as well.
To get started, we will first obtain a read-only copy of your financial statements. This will help us get a a better idea and other options of how things stand as far as your spending goes in relation to the income you are earning and what other finances all commitments you are involved with right now.
If we can see that you are getting a regular income, at least for the last 90 days, and you are able to successfully keep up with whatever repayments you are responsible for, you can still secure loan approval.
Even when your credit history screams less than perfect ratings, there is no reason you shouldn’t consider sending an application to MagicLoan. We believe that your credit score is not and should not be the sole determinant of whether or not you should be approved for a loan.
How can I access immediate loans?
If you send in your application for our same day loan at MagicLoan, we can potentially get you an outcome in just 1 hour. This happens to be the fastest turnaround time any provider in the country can offer. This is why if you need an instant cash injection, MagicLoan may just be your best bet for any loan service.
Once you are approved for a loan, you can expect the cash to get transferred to your bank account within an hour. However, note that this is all dependent on the transfer times that your bank adheres to and if they do support instant transfers or not.
Can I get access to emergency loans on the very same day I send my application?
You most certainly can! There’s no telling when an emergency strikes. It would really help lift a heavy burden off your shoulder when you know there is an easy and quick way to access the extra funds you need. When your finances are strained and you need a cash injection fast, you’ll find that there are a number of ways that you can access it. Same day loans are one of the most convenient ways you can do so.
MagicLoan specialises in helping borrowers that could get access to lenders that offer same day loan. We work with a variety of lenders that are known to offer quick loans to borrowers that need access to extra funds ASAP. If you have a financial emergency and you’re short on funds, our personal loans at MagicLoan may just be the solution for you. Our specialists will do what they can to get you paired with
the right lenders with the appropriate credit instruments and get you an outcome within 1 hour. Also, if your bank account is NPP-enabled, access to your cash would be possible within just 1 minute from its approval.
Do you offer payday loans?
At MagicLoan, payday loans aren’t among the credit instruments we have available. Traditionally, payday loans pertain to short-term loans borrowers will generally have to repay on their next payday. Payday loans are also known for their unreasonably hefty rate of interest and fees. However, they are also considered illegal in the country. This is why at MagicLoan, we instead offer Small Amount Credit Contracts or SACCs. Our personal loans come with a repayment term of 6-24 months, and will vary depending on how much you decide to borrow.
Are same day loans available for pensioners?
Yes. Many of the lenders we have partnered with at MagicLoan consider pension payments as a regular form of income in months. However, we do not offer any guarantees of approval when you do decide to apply for one. Our team of specialists will first need to assess your current financial situation and will leave it to our lender partners to determine whether they can offer you a loan or not.
Can Centrelink recipients take out any of your same day loans?
Inclusion is a big thing for us which is why we always aim to serve any eligible Australian in getting access to instant funds they need. This is why if you qualify for the loans that any of our lender partners offer then we highly encourage you to send in your application. The lenders we are partnered with happen to count Centrelink benefits as a regular form of income.
Provided that the repayments for the loan amount you intend to borrow are going to be a comfortable fit with the amount you are getting from Centrelink, then you should see a good chance of getting a green light for a loan.
Our specialists will ensure that your application is assessed fast and will try to get it matched with a lender that offers a loan that is appropriate for your current financial situation. However, note that this does not mean that approval is guaranteed. What we can guarantee, however, is that assessment of your loan is always going to be fair and square.
Who is qualified to apply for a same day loan?
We have our own loan eligibility criteria before you will be considered qualified for the loans we offer.
To be considered for a loan, make sure that:
You’re no younger than 18
You’re a citizen or permanent resident of Australia
You can show proof of income received by your personal bank account for at least the last 90
You have internet banking set up
You have a working phone number and email address
If you have easily met all of these requisites then you are more than welcome to apply for same day loans!
What details do you require from me?
Even more good news for you— application via MagicLoan isn’t only super easy, it’s super quick too!
This means that you won’t be asked to provide unnecessary documents or fill out cumbersome
paperwork! All you have to do is make sure that the pertinent details we require are provided to us and you’re good to go. Among these include:
Personal details including your name, date of birth and other identification details
Reasons for taking out a loan
Internet banking information
Details of your myGov account if you are receiving Centrelink payments
Details of your employment as well as contact information of your employer
When you have all of these details handy before applying for a loan, then you can easily speed up the whole application process. Once you have all this information provided, the rest of the work will be done by our loan specialists and getting approval for your quick loan application will only be just a few minutes away!
How do I apply for a loan?
Sending a loan application via MagicLoan isn’t only easy, it is quick and convenient too! We just need you to provide us with a few details about you and your current financial state and you can get the ball rolling soon after. Below we have listed down the steps that you need to go through when sending an application to us.
Step 1. Apply online
To get your application started, just scroll right to the top of the page to access the loan calculator.
Decide how much you wish to borrow and select the amount in the calculator. Decide how long you would want to repay the loan and think of a term that is convenient for you in terms of its length and the amount involved. Once you’re happy with the term you have selected, just click Apply and you’re all set!
Step 2. Wait as our specialists will assess your application
Once you have done your part of sending the application to us, then you’re all done. We will take over from there and will get working towards assessing your application. Our specialists will then try to get you matched with the right lenders that offer the ideal credit instrument based on what you need and your current financial status. All this while, you won’t have to do anything. Just put your feet up and relax and we will get back to you as soon as we can.
Step 3. Read and review your contract before signing
Once our team has you matched with a lender offering the right same day loan, the lender will get in touch with you. A digital copy of your contract will also be sent to you so you can take the time to review it before approving it and affixing you e-signature on it. Always make sure to read and understand the terms and conditions involved with the loan they are offering. Only when you are satisfied with the contract should you consider approving it.
Step 4. Get access to your funds!
As soon as your lender will receive the copy of your signed contract, they will then begin the process of transferring the funds to your preferred bank account. If your account is Osko and NPP-enabled, your funds could be with you in just 1 minute. However, this would depend on whether or not you have had the contract signed before the business day has ended.
What types of loans are available at MagicLoan?
There are three different types of loans that you may be able to access via MagicLoan. These are:
o Unsecured loans
o Loanable amount of $300-$2000
o Secured loans
o Loanable amount of $2000-$4600
o Secured loans
o Loanable amount of $5000-$10000
Why makes MagicLoan the best choice?
We are an Australian lender locator that operates 100% online. At MagicLoan, we take pride in helping ordinary Australians get access to different superfast loans to meet their emergency financial needs while delivering some of the best customer services out there.
When times are tough and you’re suddenly plagued with emergency expenses, we know how urgent it will be for you to get access to the extra funds you need. But this doesn’t mean you should also forgo looking for a lender that is reliable, legit and trustworthy that can get you approved for a loan with fast approval and with an equally fast payout as well. Here are some of the reasons that you should refer to
MagicLoan when looking for quick funds to address emergency expenses:
There’s no need for you to leave home in order to send your application. The process is all
online and you can expect to receive the funds you need all on the same day that you applied.
Applications are streamlined and fast. Most applicants will get an outcome within just 1 hour of
sending their application.
Worried about not having a credit history, but need access to emergency funds? While we do
conduct credit checks at MagicLoan, we may still be able to help you even when your credit
history is nonexistent or if your credit is bad. Our lender partners don’t just make a decision
based solely on your credit alone. They will consider a whole host of other factors when
approving or rejecting an application.
At Magicloan, we always believe that life can sometimes catch you off guard and we believe that despite
the missteps in your credit history, you should not be deterred from getting a second chance.
What about same day loans with guaranteed approval?
MagicLoan is unable to offer guaranteed loan approval. The reason for this is that the law requires lenders to carry out credit assessments when assessing whether or not applicants are eligible.
People tend to gravitate to lenders offering guaranteed loans because they are worried that the current state of their financial affairs or their credit ratings may prevent them from getting approved. While it is true that we do not offer guaranteed approval at Magic Loan, we may be able to assist you with your
current emergency funds need. We use a fresh approach when it comes to bad credit scores. This means that your application isn’t going to be approved or rejected based solely on your credit score. Our lender partners would be more interested in the current state of your finances which includes the amount you’re earning and the amount you are spending and whether or not there will still be enough left for you to cover the costs of loan repayment.
This is why if you are looking for a loan with guaranteed approval, MagicLoan may be able to help you get the funds you need on the same day despite your bad credit. If this is good enough for you, all you
have to do is scroll up and get your application started.
Loans available on the same day of the application
MagicLoan takes pride in its 100% loan application. This means that there is no need for borrowers to have to print or scan documents, nor do they need to make a trip to the bank in the process. All you need to do is submit an online loan application and in minutes, you can get approved and get the funds that you need in your bank account not long after.
If you get your application sent within our regular business hours, we will do our best to get you a result within just 1 hour. After we have assessed the application, we will get you paired with the right lenders offering the right loans as fast as we can and you can expect results soon after. If they are able to offer a loan, then they will get in touch with you to send you a loan contract. Once you agreed with the terms of the contract and signed it, your funds will soon be transferred to you.
Quick loan- same day get fast cash
When people search the terms “quick same day loans” or “same day online loans” on Google, they’re usually trying to find lenders that can offer them cash fast. At MagicLoan, we understand very well how crucial it is for our borrowers to get access to funds with such convenience and speed. This is why our loans are streamlined so the process will be efficient and quick and the results will be equally so.
Why wait for weeks and even months to hear from your traditional lender whether you have been granted a loan or not? For your quick cash needs, MagicLoan’s same day loans will get you your cash potentially in just 60 minutes.
Does MagicLoan have instant loans?
At MagicLoan, instant online loans aren’t something we offer. What we do have available is a
conditional instant approval. This means that when you submit a loan application, you will be informed whether you are getting a conditional approval or not. If you received one, an assessment will be carried out on your loan application. The last thing we want is to waste people’s time which is why we will let you know if you are eligible or not.
When approved for a personal loan, expect to get your cash transferred to you as soon as possible. You can also check with your bank ahead of time to see if they support instant transfers.
Apply for a same day loan Australia today!
Same day loans are quite simple. They’re just like personal loans, only quicker because they can be accessed on a single day. It doesn’t matter if you need a loan to cover emergency expenses, a car repair, a sudden medical procedure or just treat yourself to some extravagant purchase— same day cash loans are great for getting access to the money you need fast.
MagicLoan takes pride in being able to offer loans to Aussies no matter where they are in the country. Just scroll up to the top of the page to get things started. On average, it would take about 8 minutes for people to get their application finished. Once you’ve submitted it, we will take it from there.
Hopefully, we have already provided you with all the details you need to make the right decisions on whether or not it would do you good to get access to same day cash loan.
When you’re ready to get things started, just scroll up and send us an application!