Need a small cash loan fast?
Cash loans approved same day? Is that fast enough?
At Spotter, we aim to approve your cash application within hour of receiving of it. All we need to complete your application is some basic information which you can provide over the phone and by email.
If your cash loan application is approved, we’ll aim to have the money in your bank account within 24 hours*.
You can repay your cash loan over a term of between 3 and 24 months depending on the size of the cash loan. .
Cash loans for unexpected bills
We all receive unexpected bills from time to time. Car accident? Electricity bill? School fees? Speeding fine? There’s no telling when an unexpected expense will arrive in the mailbox.
Don’t fear! With a fast cash loan from Spotter, you’ll be able to handle any unexpected bill that comes your way.
Cash loans for emergencies
Emergencies don’t make appointments! They happen when we least expect it and can often least afford it. Car accident? Medical emergency? Travel nightmare? Let us arrange you a fast cash loan so you can get back to managing the emergency.
Cash loan or credit card?
Should I get a cash loan or a credit card? Good question! There are pros and cons to both. If you don’t already have the credit card approved and have credit available, then a credit card can be more time consuming to arrange.
Contact us to discuss whether a cash loan or credit card is better for you.
Cash loan or personal loan?
Personal loans are a good alternative to a small cash loan or a credit card. They can come with lower interest rates attached but can take more time to arrange. Your borrowing capacity will also be affected by what other loans you might have, as well as outstanding debts and any issues with your credit history.
Contact us and we can talk you through the options, and help you decide whether a cash loan or personal loan is right for you.
*Time taken to receive the funds will depend upon a number of factors, including who you bank with.
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Here’s what a loan might look like
Here’s what a small loan might look like…
You’re after a loan for $1,000 for medical or dental bills. Your are looking to repay the loan back after 6 months and are happy to make fortnightly payments.
In the above example You’ll pay:
- Loan Amount Financed: $1,000
- Establishment Fee: $200 (set by NCCP at 20% of the loan amount)
- Monthly Permitted Fee: $40 per month charged on the anniversary of the loan
- Amount of Credit of the Loan: $1,240
- Total Amount of Interest Payable: NIL
- Direct Debit Fees: $25.74 ($0.99 per transaction)
- Total amount of repayments: $1,440.00
- Nominal Percentage Rate (Interest) per annum: 0% as defined by NCCP
Comparison Rate: 160.0571% as defined by NCCP
Here’s what a medium loan might look like…
You’re after a loan for car repairs for $2,500 and are looking to make payments back on a weekly basis over 2 years.
In the above example You’ll pay:
- Loan Amount Financed: $2,500
- Establishment fee: $400 (Set by NCCP)
- Amount of Credit of the Loan: $2,900
- Total Amount of Interest Payable: $1,590.86
- Repayments: 103 x $43.19 + $42.31 (a final payment)
- Total amount of repayments: $4,490.88
- Nominal Percentage Rate (Interest) per annum: 48% as defined by NCCP
Comparison Rate: 65.5138% as defined by NCCP
For loans under $2000 the minimum repayment term 90 days, maximum repayment term 12 months.