Payday Loans

What is a payday loan?

A payday loan (also known as paycheck advance) is a short-term cash loan (usually of a small amount). The purpose of such a loan is to cover the borrower’s expenses until payday. Legislation on payday loans varies from one country to another and from one Australian state to another. While some states in Australia impose strict rules on loans – usury limits for example, limiting the nominal; annual percentage rate that any lender can charge – other states have very few restrictions on payday loans.

Can I apply for a Loans Pronto payday loan?

We only have a few basic requirements. If you are over 18 years old, employed, have a bank account and earn over $1,000 a month you could qualify for a payday loan. However, we don’t recommend payday loans if your financial needs are longer term. If so is your case, we recommend that you seek a debt management solution instead.

Why should I choose Loans Pronto for a Payday Loan?

If you need some a short term loan for whatever reason and can’t wait till payday, we can help! Our payday advance loans offer an almost instant solution to short term cash flow problems. Our payday loans can be paid today and sometimes within 1 hour of application. Simply apply online for a fast cash loan and get an immediate lending decision. While other lenders will be reluctant in granting you a loan if you have a bad credit history, Loans Pronto approves cash advances for applicants with black marks on their credit history.

We are asked a lot of questions regarding our payday loans services. If you have more questions, please visit our payday loan questions section in our website.