Get A Quick Cash Loan
To Enjoy The Small Moments In Life
How Much Do You Need?
The above example includes an establishment fee of 20% and monthly fees of 4% per month of the loan amount over the selected pay period. The example is also based on the assumption that repayments are made on time as per the original loan contract terms otherwise other fees and charges are payable
Get an instalment loan from Quick Cash
Quick Cash has a hassle-free solution for your short-term borrowing needs. A Quick Cash loan is designed to help you through life’s rough patches. If you need money fast, you can get an instalment loan from $200 to $2000 paid in just one hour. Repayment is by easy direct debit either weekly, fortnightly or monthly. For a quick approval apply online now – it takes just five minutes, and there’s no paperwork required.
What Happens If I Can’t Repay My Loan?
Importantly, contact us as soon as you realise you may have difficulty repaying us on time. Defaulting on payments can result in late fees and dishonour fees, also negatively affect your credit score. Be sure to make contact with us and we will do our best to avoid this occurring.
Quick Cash is regulated by ASIC holding Australian Credit Licence (ACL) Number 450305. As such Quick Cash is bound by the provisions of the National Consumer Credit Protection Act (NCCPA), and its responsible lending obligations.
Fee Based Annual Percentage Rate Charges
The National Credit Code defines Quick Cash loans as Small Amount Credit Contracts (SACCs). These are loans of 61 days to 1 year no greater than $2000. According to section 153 the fees shall not exceed 4% per month or part thereof, in lieu of any interest charged. ie: this is a fee based loan with zero interest.
Term of the Loan
The maximum term for a Quick Cash loan is 12 months, while the minimum repayment period is 61 days.
Renewing or Rolling over an Existing Loan.
Quick Cash loans are for a specified time. Customers must completely pay off their existing loan before applying for another. Loans are not renewed or rolled over. You must reapply and be reassessed for a new loan.
During the application you consent to Quick Cash conducting a credit check. However we will not always do this. This is one of the last stages in the process of assessing your application. The financial information you provide, your bank statements and any other information will be assessed first.
Other Fees and Late Payment
Our costs are straightforward however if you have any questions about our fees, please don’t hesitate to contact us:
- Establishment Fee: 20% of the loan amount
- Monthly Fee: 4% of the loan amount
- Direct Debit Fee: $1.10
- Statement Fee: $15
- Direct Debit Dishonour Fee: $35
- Overdue Collection Fee: $50
Quick Cash Credit history
Continual late payment or non-payment will impact your ability to borrow from us in the future. It is important that you apply for only the funds you need and can afford to repay. If you are experiencing difficulty repaying on time contact us immediately to discuss a payment plan. We are approachable and have procedures in place to minimize fees and prevent further hardship.
Three-month Loan Example – $750
This is set at a 20% establishment fee and a maximum of 4% per month or part thereof for a Quick Cash loan. This means that the cost of your three-month loan will be 32% of the amount borrowed. So for example, if you were to borrow $750 for a month, then the total that you would need to repay is $990.
Most customers think of the cost of their loan in terms of repayments. If you are paid weekly, you would have 12 repayments over duration of the loan. Each repayment will be for $82.50. If you are paid fortnightly, you would have 6 repayments and each repayment will be for $165.
Quickcash offers fast, online cash loans up to $1600.
© Copyright 2019 MoneySpot Finance Pty Ltd ACN 166 488 197 trading as Quickcash Australian Credit Licence 450305
Quickcash, PO Box 1006, Strawberry Hills, NSW 2012