brown wallet full of cash

Benefits of a Cash Loan

Cash loans have helped many kiwis get out of tight spots caused by unforeseen events and financial emergencies. If you’re not sure whether a cash loan is the solution to your financial problem, take a read of our benefits below.

Here are some benefits of a cash loan:

You can use them for emergencies

Emergencies can strike anytime without warning. You could face unexpected medical bills, car repairs, or home renovations in a blink of an eye. While a lot of folks work hard to save up for rainy days like these, their savings can unfortunately still fall short. That’s where a cash loan comes into the picture. Applying for one can soften the blow of an emergency and help you pay off these unforeseen expenses.

Applications are easy

Applying and qualifying for a cash loan is easier than other types of loans. With the right lender, the whole process can be a breeze. QuickCash provides a fast and convenient way to apply for cash loans. All applications are done online and can be assessed in as fast as 25 minutes.

Cash loans are processed faster

It’s possible to apply for a cash loan and get approved on the same day. You can have the funds deposited in your bank account within 24 hours.

Because they’re processed faster than other types of loans or credit applications, cash loans are ideal for situations that need funds quick, like emergency travel or vet bills. Conventional loans and credit cards, on the other hand, can take weeks to process. Even then, approval is not guaranteed. By the time your application gets approved, it could be too late. So, if you need money quick, cash loans are an excellent option.

Cash loans are easier to repay

Cash loans usually have more flexible payment terms versus other types of loans. They often have low-interest rates, which are also fixed so you don’t have to worry about fluctuations throughout the life of your loan.

QuickCash makes sure that you can pay for your loans by asking how much you can afford to repay and how often. On top of that, we also don’t charge early repayment fees, so you can pay your loan off earlier than agreed without extra cost.

You can apply for cash loans online

Cash loan applications can be completed online. This means that you don’t have to go to the lender’s office and book an appointment. You can simply apply for a cash loan from the convenience and privacy of your own home. The less time you spend on a loan application, the more time you can spend on more important matters.

You can use your cash loan however you want

Housing loans can only be used to purchase or renovate a house. Car loans need to be used for a new car. Cash loans, on the other hand, can be spent on virtually anything. You can use it to pay off bills, emergency expenses, or other debts. However, this doesn’t mean that you can just use your cash loan for extra funds, especially for leisure spending. That attitude will get you into the cycle of debt quickly. Remember to apply for a cash loan only when you need money urgently, not when you simply want more cash.

Disclaimer: This article is intended to provide general information only. It does not take into account your investment needs or personal circumstances. It is not intended to be viewed as investment or financial advice. Should you require financial advice you should always speak to an Authorised Financial Adviser. Past performance is not a guarantee of future performance.