Speedy Financeby Justo Sep 28, 2021 | 0 Votes | 52 Used | 0 Reviews - rate Speedy Finance is an alternative finance provider that has been supporting Australian consumers for over 15 years offering personal and business loans. If you're in the look for a loan and don't want to stress yourself about it, Speedy Finance could surprise you. Apply Now Similar Sites Used
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Speedy Finance is an alternative finance provider that has been supporting Australian consumers for over 15 years offering personal and business loans.
The process of getting a Speedy Finance Personal Loan begins by an applicant submitting an online loan enquiry. They can expect a representative at Speedy Finance to get in contact with you shortly after. The next step is for the applicant to complete and submit a loan application. Speedy Finance will then review the application and will let applicants know of its decision soon after. Upon approval of the loan, funds will be disbursed into the successful applicant's nominated bank account.
Once a successful applicant receives the loan, they will have to start making repayments in accordance to the contract’s terms and conditions until they have repaid the loan completely with the additional interest payments and fees.
To apply for a Speedy Finance Personal Loan prospective borrowers have to submit an online enquiry through the Speedy Finance website. Before submitting an enquiry, prospective applicants should first establish whether or not they meet the required eligibility criteria. They must be over 18 years old, be a permanent resident of Australia and have a regular source of income.
Just how much a Speedy Money loan would end up costing depends on the amount that the customer will borrow because what they repay includes interest and the amount they borrow has a direct bearing on the total interest payable. They will also have to pay various fees and charges associated with this short term loan.
Loan amounts over $2,000 do not fall under the Government cap of 24% (a 20% establishment fee and 4% monthly fees), so customers will likely pay different amounts for higher loan amounts. The cap for loans up to to $5,000 is a $400 establishment fee and 48% p.a. including all other fees and charges.
Once Speedy Finance approves a loan application, it provides customers with a loan contract that they can refer to for the loan’s terms and conditions as well as all associated fees and charges. Only after an applicant goes through this document carefully and understands everything that entering into the loan contract will entail, should they consider accepting the loan.
Speedy Finance is not a payday lender but they are faster and more flexible than a bank. No bank accounts are required, perfect credit is not needed and their team will work with you to help you establish an affordable monthly payment plan. You can stop by one of their local branches and work directly with one of their representatives. All of this happens incredibly fast; if approved, you can pick up a check the same day.
Speedy Finance’s customer service team are outstanding and go out of their way to help you with any enquiry and information needed. They keep you up to date as the loan application progresses and are highly recommended as they are all extremely approachable. Anyone looking for a finance loan, should definitely check Speedy Finance out.