What Is A Cash Advance Loan?
An advance loan is a short-term loan for a small amount of cash paid back over a number of weeks. Since they can be applied for online, they're a convenient and fast way to get money when you need it in a pinch (our secured application process takes minutes). If you apply within business hours and sign the contract, the funds will be transferred to your account instantly, making cash advance loans a great option when you need money for something unexpected and quickly.
How Much Can I Borrow?
The amount you can borrow for an advance loan varies between lenders. At Sunshine Loans, we offer loans from $2,050 to $2,500, making for affordable cash advances with no hidden fees or nasty surprises. Our loan costs and other fees are clearly outlined.
How Do I Apply?
The best way is via our online application form, which will ask you a few questions and allow you to choose exactly how much money you need to borrow.
Am I eligible?
Our eligibility criteria is simple: you just need to show us that you earn at least $600 a week ($1200 a fortnight) take-home pay. This can be employment income, or a combination of income and government benefits. You also need to be at least 18 years of age and be able to satisfy us that you can comfortably afford the repayments on your advance loan on your current budget.
How long does the process take?
We accept applications 24 hours a day, 7 days a week, but we only approve loan applications during normal business hours (9:00am to 4:00pm QLD time). If your loan is approved during these hours and the contract is signed, the funds will be transferred to your bank account instantly.
How much does it cost to get a loan?
Our loan process is straightforward. You can check out our loan costs page for a full breakdown of our fees. Our loans have a simple cost structure. We charge interest at an Annual Percentage Rate of 48% per annum plus an Establishment Fee of $400.
Why choose Sunshine Loans?
We're the rainy-day loan experts! If you need approval on a small cash loan, we can help you out – because we know that sometimes in life, when it rains, it pours. We've helped thousands of Aussies secure small personal loans of up to $2,500 with a fast turnaround time and easy online application process. There's no annoying paperwork and we don't hide our fees from you. Better still, you can apply online 24/7.