Cash advance

Learn what cash advance is, what are some good alternatives and how credit24 can help you

What is instant cash advance?

Instant cash advance refers to accessing cash from a credit card account or a cash advance application almost instantly. Through a cash advance, you can access your income before your payday. Typically, there’s a transaction fee and an interest rate applicable starting from the date of withdrawal until the entire amount is repaid.  

In many cases, lenders will promise an instant cash advance online without a credit check. However, you should be aware of these offers since these checks are a part of responsible lending practice. Credit checks help lenders make informed decisions regarding interest rates, credit limits, and whether you’ll be comfortably able to repay the loan.

Why instant cash advance might not be for you
A cash advance is a short-term loan available through your credit card issuer and cash advance apps. However, cash advances may not be the best option if you’re looking for an amount greater than your current paycheck.
 

Let’s look at the features of an instant cash advance in Australia: 

  • Financial flexibility: You won’t receive any extra cash through cash advances, but simply get access to the funds you’ve already earned. If you need more money than what your paycheck can provide, you should explore alternative options like a personal loan.
  • Potential fees: Companies may impose additional charges, making cash advances more costly than they initially seem. It’s essential for you to carefully review all the terms and conditions before agreeing to a cash advance as it can have severe financial implications.
  • Quick repayment: Fintech and financial companies vary in their repayment policies, but most cash advances are due on your next payday. You must ensure that you’re financially prepared to cover your cash advance repayment while also managing your everyday expenses.

Credit24 an alternative to instant cash advance

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Loans starting from $500:

Credit24 offers instant loans from $500 – $10,000 upon application based on your eligibility.

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Get immediate loans with hassle-free application:

Apply through our easy application and get a quick response from our team.

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Flexible loan repayments:

You can lock your repayment period from 6 – 36 months.

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Rapid loan disbursement:

If all your credentials are verified and approved, funds get transferred into your account immediately.

Instant cash loans for everyday needs

Credit24’s instant loans offer relief from the burden of urgent expenses that require attention but are beyond your immediate budget. With our easy-to-apply online process, you can borrow up to $10,000, based on your eligibility. Applications are open 24/7 and we approve applications on the weekends too.

Our 100% transparency policy makes sure you don’t have to worry about any hidden charges, you’ll get the repayment schedule upfront. We carry out credit checks but still make sure you get a response within 24 hours. All you have to do is complete the application, tell us the amount you want to borrow and we’ll take it from there.

If your application is approved, money is transferred into your account right away.

Apply  now

Instant cash loans online

  • 1Just fill out our easy online application form
  • 2Choose the amount you want to borrow & we’ll assess your eligibility based on your current situation.
  • 3If approved, we’ll transfer your funds into your account right away.

Start Application

Instant Cash Loans: Flexible Solutions for Your Financial Needs

With Credit24, you can choose from small, medium, and large quick loan options tailored to your requirements. Pay for minor purchases or more significant expenses with instant loans borrowed for a short-term or a long period of up to 36 months based on your needs.

Small Loans

Small loans for quick and short-term financial needs.

  • Loan Amounts $500 - $2000
  • Establishment Fee 20%
  • Monthly Service Fee 2-4%
  • Interest Not Applicable
  • Terms 6-12 Months

Medium Loans

Medium amount loans for your slightly larger

  • Loan Amounts $2,001 - $5,000
  • Establishment Fee $400
  • Monthly Service Fee $0
  • Interest 24-48% p.a
  • Terms 12-24 months

Large Loans

 Loans to finance your major expenses and unforeseen costs.

  • Loan Amounts $5,100 - $10,000
  • Establishment Fee $0
  • Monthly Service Fee $0
  • Interest 24-48% p.a
  • Terms 12-36 months

Quick Cash Loans Answered

Should I get an instant cash advance or an instant cash loan?

Although cash advances provide financial flexibility, they may not be suitable if you require more funds than your current paycheck. While deciding if a cash advance is right for you, carefully consider the potential fees and repayment terms. Many lenders don’t conduct credit checks before approving applications which may lead to high fees and interest rates.
Credit24’s instant loans are 100% online loans with a quick response time that offer a flexible and instant solution to help your financial woes. You can apply to borrow up to $10,000.

How to apply for an instant cash loan?

To apply for an instant cash loan, all you have to do is fill out our 100% online easy application that takes less than 10 minutes. Once we receive your information, we’ll assess your application to check your eligibility. We generally respond within 24 hours. If approved, money will be transferred into your account almost instantly.

How long does it take to get an instant cash loan?

The application process takes about 10 minutes, and you'll receive an immediate outcome. Your application will be processed during our business hours and in most cases, you'll receive a response within 24 hours. If approved, money gets credited into your account within 60 seconds.

What do I need to get an instant cash loan?

To qualify for a Credit24 loan, you need to meet the following criteria:

• You must be an Australian Citizen or a Permanent Resident
• You must be 18 years of age or older
• You must be employed with income deposited into your bank account
• You should have a reasonable credit history
• You must earn at least $1,000 per month

To check your eligibility, we’ll need the following:

• Your mobile phone number and email address
• Your driver’s license details, and in some cases, your Medicare Card or passport number
• Your last three months of issued bank statements retrieved via Illion’s secure bank data portal

How much can I borrow with an instant cash loan?

With Credit24, you can apply for an instant personal loan of up to $10,000. The amount you can borrow will depend on your eligibility.

Why should I apply for a Credit24 instant cash loan?

The instant loans provided by Credit24 have an easy application process and quick response time. You can apply to borrow from $500 to $10,000.

Money is transferred almost instantly into your account if your application is approved.

Can I get an instant loan if I'm self-employed?

If you’ve been self-employed for more than 12 months, you can apply for an instant loan with Credit24. We may need your latest Notice of Assessment (NOA) to validate your previous year’s income. If you’ve been self-employed for less than a year, unfortunately, we can’t offer you a loan at this time.

Can I get an instant cash loan if on Centrelink?

Yes, you can get an instant loan if you’re on Centrelink. Your Centrelink payments are considered a part of your income. To be eligible for a Credit24 loan, it must not exceed 50% of your total income.
However, if you’re a pensioner aged 67 or above and Centrelink payments make up your entire income, you can still take out an instant loan with Credit24.

Can I apply for a small loan while unemployed?

Unfortunately, we can’t provide you with a loan if you’re unemployed.

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