1 Hour Cash Loans Very Quick Funds Bad Credit Australia

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November 13, 2020

What Is A 1 Hour Loan?

Some consumers who wish to apply for Instant cash loans are pressed for time so 1 hour cash loans could be the answer. Of course, no one wants to waste their time especially in emergency situations. We all prefer faster services, that’s why speed is an important concern in getting your loan application approved. Introducing the 1 hour cash loans –  an exclusive lending offer for rush situations.

Overview of 1 Hour Cash Loans

The conventional process of loan application in banks could take a few days to less than 2 weeks. But what if we can shorten the whole process in one hour? Yes, you read it right. It is possible to get your loan approval within 60 minutes. That’s a lot of hassle time saved. On top of it, you can process your loan application over the internet or online.

Banking institutions do not offer 1 hour cash loans. Micro-financial companies, particularly lenders, provide exclusive offer and quote. In Australia, independent companies are regulated by the Uniform Consumer Credit Code (UCCC). Unlike banks, these lenders comply with less requirements for borrowers. Hence, they are free to skip the credit checking (credit scores and credit history) of all their clients. This means that lenders have the key to approve a loan application regardless of the borrower’s credit score, especially if they are employed and can provide a bank statement that is valid for the last three months. Indeed, the processing of a loan application can take a few moments. 1 hour loans can deliver results within sixty minutes from submitting your application.

Need a loan today? Apply online!

How Does One Hour Loan Work?

You don’t need to be a degree-holder in Economics to understand the system of how loans are being run. But then again, there are do’s and don’ts before applying for the one-hour payday loan or 1 hour cash loans. When getting to know the steps, lending companies have designed the procedure to be simple to understand from the consumer’s standpoint. 

  1. The potential borrower fills in the online application by entering the required information (including the desired amount and repayment term) and submits it.
  2. The lending company receives and reviews the application right away. If the borrower successfully meets the basic requirements, then approved results can come out in 5-20 minutes.
  3. Once approved, the borrower is given the time to study the loan agreement before accepting it.
  4. As soon as the loan agreement is signed and accepted, the lender directly transfers the funds to the bank account of the borrower.

The process of transfer may take 1-2 business days until it reflects on the borrower’s account.

The hour payday loan is indeed fast and easy to receive. Once it reflects in your bank account, you can use it to pay online or withdraw it as cash. Just remember to estimate your finances since you are ought to repay it by its due date. Failure to do so may cause the lender to impose charges on you thus making 1 hour cash loans an expensive option.

How Much Can I Borrow?

Generally, 1 hour loans come with high interest rates, so borrowers avoid applying large amounts for this type of loan. The majority of such loans are limited, such that they are often available in small amounts and are repayable for a shorter term. Nonetheless, some consumers are still wondering how much is the sum of an emergency payday loan there is. Truth be told, there is no exact answer to this question. The reason for this is because there are multiple companies who offer different loan amounts across Australia so 1 hour cash loans may differ in rate from lender to lender. The limits may vary from one company to another.

However, there are certain general rules that regulate the amount of one-hour payday loans. The minimum possible sum is 100 Australian dollars (AUD). While for maximum loan size, most companies have an allowable limit of up to $2001. Still, some lending companies are able to exceed that up to 5000 AUD in the form of 1 hour cash loans. The downside of them is that they are less popular and less likely to be availed by borrowers. This is because those who need bigger credits opt to apply at banks or seek for alternative methods of borrowing money. They consider conserving their finances as fast loans have higher interest rates.

Cash Loan

Safety of One Hour Cash Loans?

For most borrowers, their first concern is whether such fast loans are safe or not, especially since they are ought to share sensitive data online. Scammers and hackers are all over the internet and they can easily break security measures to steal data without anyone knowing and then applying for 1 hour cash loans in your name.

The truth is that the risk of breaking data confidentiality is as high as that in conventional banks. In case you don’t know it yet, all banking institutions operate through the internet too to maintain their database. Despite the fact that none of them is absolutely safe, data specialists prove that there is no need to worry since they use the top-notch encryption measures to secure every data on their hands. This is a promise the lenders keep for their borrowers.

Overall, transacting your payday loans is not that scary at all. If you are the security-sensitive consumer, you can help yourself avoid exposing your data by dealing only with licensed lending companies and observing reliable safety measures such as running antivirus software while transacting on your computer.

Where to Get and Find a Quick Cash Loan?

If you type “loans in 60 minutes” in Google search, you will find out that there are hundreds of  both online and offline lenders who offer it across Australia. It just depends on you which option to choose based on your preferences (location, repayment terms, allowable amount, etc). If you prefer a nearby lending institution, you can find one that offer loans- quick cash. But if you want an even more convenient way, apply for a loan online and have it directly deposited to your bank account once approved.

You don’t only save gas/transportation expenses but also time since you don’t have to visit both the lender or the bank’s  branch. If you fill in the online application right now at home, you can get approved even before the next day and in some cases as it states on the tin 1 hour cash loans !. Then as soon as the transaction reflects in your bank account, you can instantly use the funds. As a wise and responsible borrower, it is also your calling to choose a reliable and licensed company that releases loans with transparency and clear benefits. So always check your loan agreement first before you accept it. Reviewing customer’s feedbacks and the company’s current ranking in the list of top lending companies won’t hurt as well.

How Much Is A Emergency Payday Loan?

Emergency cash loans that you can get in an hour are generally expensive compared to the traditional loans we get from banks. So what makes it more costly? The major factors involved are the sum you are approved for as well as the repayment terms as it is an emergency loans. In Australia, the state regulates the total maximum fees. This means that all lenders should not charge a sum of more than what is stated in the law. The so-called fee cap is as follows:

For loans with a sum of $100 to $2000 inclusive, the fee should not exceed 24%. This cost goes to the 20% as establishment fee and 4% as the monthly fee. Say for example, if a borrower has been approved with a total of $200, the maximum fee that your lender could top up for you is 48%.

For bigger loans ranging from $2001 to $5000, the fee cap is set to be $400. Then its maximum fee interest rate annually is 48%.

The key to make sure you don’t overlook the total amount you have to repay is to check the final sum before accepting it. Whenever you apply for this 1 hour cash loans, always remember that fast loans are expensive. So to conserve yourself, it is always advised not to apply for more than what you actually need at the moment. Then, stick with your repayment terms as much as possible. This prevents overpaying due to longer terms. After all, payday loans are most functional only as your emergency financial solution.


Requirements Need to Apply for a Loan Online in Australia

It pays to check if you are eligible to apply for a loan. Here is a list of basic requirements for you to be approved:

  1. Must be 18 and above
  2. A resident of Australia
  3. Must have a full-time job or regular source of income
  4. Must provide a valid bank statement for the past 90 days (three months) from an Australian bank. Ideally, a credit card/debit card must be linked to it.

If you meet such requirements above and you are ready to apply for 1 hour cash loans, start your application by filling the online form. Head over to the ‘Apply Now’ button and you will be redirected into a page containing the standard application form. Make sure you specify your desired amount and repayment terms. Meanwhile, enter your correct personal details (complete name, birth date, etc.). Disclose your exact monthly income, e-mail address, mobile number and your bank account number where you wish to receive the funds. The results can come out unfavorable if your form was not filled properly, so try to double-check the accuracy of your data prior to submission to prevent errors. After several minutes, the result of evaluation will come out. Once it is approved, it is advised for you to read the loan agreement before accepting it. In approximately one business day, your fund is ready.

The Advantages and Disadvantages of 1 Hour Cash Loans

Typically, getting cash loans in 60 minutes have pros and cons. All financial products such as credit cards, can be useful at first but can cause problems when you don’t know how to manage it. Here is a list of the advantages associated with availing 1-hour loans:

  • Speed. This is such a winning situation especially for most consumers. As anyone would agree, getting loans from conventional banks will definitely take more than one hour. Hence, this is probably the most advantageous feature of online payday loans since they are approved in an instant.
  • Accessibility. With minimal loan requirements, fast cash loans are not difficult to avail at all. If you meet the aforementioned criteria above such as an Australian citizen with a regular job, you don’t need to worry about credit records.
  • Convenience. Since every step in fast loan is done online, the borrower is not required to visit the lender and bank’s branch at all. You just apply online, wait for approval, review the loan agreement, and wait to have it deposited in your account.

On the other hand, payday loans (also called cash advance loans & as we’ve ascertained 1 hour cash loans) also have few downsides. They are the most common reason according to the experience of some borrowers. Below are its disadvantages:

  1. The 1-hour loans are usually expensive, even with the fee capping regulation set by the state.
  2. Fast loans are repayable in short-term only. This means they must be settled for 2-4 weeks only. Most borrowers do not wish for a longer repayment term, as this will tend to make it more expensive.

Overall, it solely depends on you if a fast loan is worth to avail during your current situation. It is best to weigh both pros and cons first, and estimate it against your financial capacities before you make the final decision.

Instant cash loan in 1 hour without documents?

In Australia all lenders require documents even if you’re only applying for $50 loan instant no credit check. Most lenders to make an informed decision will require some sort of ID along with your last 3 months bank statements. This allows them to make sure the customer is credit worthy before lending them there much needed cash. Once you you’ve been approved however they can offer 24/7 instant cash loans.

1 hour cash loans

If you’re in a financial pickle and need some cash, we can help. We offer emergency loans for when you’ve exhausted all other avenues . Apply today before it’s too late.

Loan in 1 hour

Fast cash loan no credit check

The next time you need fast cash, our no credit check loans are just what the doctor ordered. Our team of specialists will work with your specific needs and requirements to get funds into your account as soon as possible so that all those hard-earned dollars can be used for something important

Reviews and Feedback – Quick Cash Loan

Borrower 1: 

Banks don’t release loans in just 60 minutes. This is why I go for smaller payday loans just to cover my unexpected financial needs. It’s definitely fast and convenient. I just make sure to pay on time so fees won’t add up.

Borrower 2: 

When an unexpected financial problem pops up, I am truly happy that I can avail short term loans there where I don’t have to wait for long hours. The opportunity to obtain cash in less than a day is totally helpful.

Frequently Asked Questions (FAQs)


 As the name suggests, a one-hour loan is a payday loan that is approved within just one hour. It does not run a hard credit checking, a beneficial feature especially in the borrower’s end which gives you confidence taking out 1 hour cash loans won’t hugely impact credit if declined.


Not that fast. Although applications come up with results instantly, the funds transferred to your bank account will reflect by the next working day. All banks process such transactions by observing at least 24 hours.


Yes, they can. So it is always advised to repay payday loans on time. When you do it constantly, you gradually develop a good credit record.


As part of the loan agreement, your borrowed  cash must be repaid overtime. If you fail to do so, your lender will have to impose a sanction against you. This can go from fines to complaint.


A 1-hour loan is indeed a convenient and fast tool to solve your current financial needs. For this kind of loan, it only takes an hour to have it approved. Its main features such as speed and availability made it so common in many countries like Australia. Even if you don’t visit both the lending office and the bank, the whole procedure on your part as a borrower can all be done online. On final notes, only apply for a loan that you can repay and review your loan agreement before it takes effect.

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. 

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