Cash advance? Huh? A cash advance, sometimes referred to as a payday loan or payday advance, is a short-term loan that is borrowed until your next payday to cover an emergency money need. Cash advances can be applied for online and typically range between $100 and $1,500. Funds are deposited directly into your bank account and then payed back directly from your bank account plus fees, on your next payday. Applying for a cash advance online is a quick, convenient way to get cash fast from the comfort and privacy of your home.
Why cash advances? A cash advance is a quick and convenient alternative to many traditional options for borrowing money or getting extra cash.
- Pawn Shops: With a cash advance you’re borrowing against your next paycheque, so you don’t need to put up any collateral or sell any personal possessions, like you would at a pawn shop.
- Bouncing Cheques / Overdraft Fees: A payday advance is also a convenient alternative to bouncing a cheque or incurring bank overdraft fees, which can sometimes cost more than the fees of a cash advance. A cash advance typically costs between $75 and $105 per $300 borrowed.
- Credit Card / Bank Loans: If you have less-than-perfect credit, you may not qualify for a credit card or loan from a bank. With a cash advance, you can apply even with less-than-perfect credit and get the cash you need, when you need it most.
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Friends & Family: Borrowing from friends or family can sometimes put a strain on your relationship. With a payday loan, you can be independent and cover your expenses at the same time.
Just a few requirements… In order to pre-qualify for a cash advance through AnydayPayday, you must:
- Be at least 18 years old
- Have a current bank account
- Be currently employed for over one month
- Be a resident of Australia
No-hassle application! Our online application is quick and easy to complete. When applying, you’ll need to provide your:
- Basic contact information, including your name, email, phone number and address.
- Birth date and previous address if you’ve lived at your current address less than 6 months.
- Driving licence number or passport number, whichever you prefer. This is for your protection and so that your identity can be verified.
- Employment details, including your pay dates, net pay per pay period and employer’s phone number.
- Bank account information, including your bank-state-branch code and account number, so that your funds can be deposited into your account.
What happens next? Once you apply online in minutes, we’ll find the best match across our partners and send you to their site, where you’ll be able to view the amount you’re approved for and the cost of your cash advance. If you have any questions, you’ll be able to call or chat online with the broker or lender directly. Once you’ve gone over the contract, you’ll be able to electronically sign the agreement to have funds deposited directly into your bank account. Then, on your next payday, the loan amount plus any fees will be automatically debited from your bank account. At that point your transaction is complete!
Got emergencies?
- Cover car repairs, home or appliance repairs
- Pay for groceries when you’re short on cash between paydays
- Make payments towards a credit card bill to avoid late fees or penalties
- Avoid bouncing a cheque or incurring bank overdraft fees if you were to get a cash advance deposited into your bank account in time
