It can be a daunting prospect navigating the options for a same day loan. There are many questions you may be asking yourself about getting a same day loan.
- How do I know that I’m getting the best deal possible for me?
- Is a same day loan the right kind of loan for me?
- What can I use a same day loan for?….
Well, here are a few tips to help you make the decision about a same day loan.
Before you even decide whether a same day loan is right for you, remember to be organised. If you can keep all the documentation you will need and all the research material that you have gathered, it will make it much easier once you have your loan to manage things. This means all the details of your lender in case you need to contact them and importantly your contract or loan agreement. This contract will have all you need to know about your same day loan.
Why a same day loan?
If you can figure out why you need a same day loan, that will help you with your decision making. You may have a surprise dental bill or vet bill that cannot wait, or perhaps you have a funeral to go to out of town. There may be emergency repairs for your house or vehicle, but whatever it is, a same day loan could help you out of that difficult situation promptly.
It’s good to know what you need a same day loan for so that you have an idea of how much you need to borrow and don’t borrow more that you need.
Do your research
Same day loans can be used for lots of different reasons and can include car loans, personal loans or emergency loans. Its best to do your research as to the type of loan that suits you best. A same day loan can be used for anything that you need to get sorted quickly.
What is the process?
One of the most important tips for same day loans is to be clear what the process for applying for this type of loan will be. You can apply for a same day loan through Quick Loans NZ. We provide a full range of loans that are fast and easy to apply for – particularly a same day loan. You can apply online and have the funds into your account on the same day.
The process to apply for a loan with Quick Loans is quick and easy! You need to apply using our online application form. There is no printing or scanning required and definitely no visits to the bank needed. So, no costly bank statement fees or long queues at the bank – it is all done online. Easy as! The online application will ask you things like how much you want to borrow, how long you will need to pay it back, how often you will make payments, and when you can make your first repayment.
What do I need to provide?
Same day loans often will need to be secured. This means that you will need to provide some type of security to hold against the value of the loan. This may be a vehicle or boat that would have enough value to cover the value of the loan. If you are using a vehicle, it would need to have up to date WOF and registration. You will need to provide information such as the registration number of the vehicle, make, model, year and if there is any money owing on the vehicle.
You will also need to provide some form of photo identification such as a driver license or passport and access to bank statements.
How much can I borrow?
As a rule of thumb it is best to borrow no more than you really need. We can help you assess your personal financial situation and see how much you can afford to borrow. It is also important to make sure you can afford the repayments.
We have an easy to use repayment calculator on our website so that you can see how much you would expect to repay on various sized loans. This will help you to see what you can afford in terms of repayments.
It can be a real help to have a budget that will set out your repayments and your personal expenditure, so that you can make sure the loan is affordable for you. We will make sure that you get the best deal to suit you and your needs.
What is the process for approval?
Getting approval for a same day loan depends on a few things. Most finance companies will look at your income and your credit history. Quick Loans NZ looks at this too but also at many other factors. We treat you as an individual and will assess your application based on many other factors, such as affordability, security and how much you want to borrow. So, if you have bad credit, you may still be able to get approval for your same day loan. Our online approval is designed to consider your own personal circumstances. Once a loan is approved it can be signed electronically and that is how you get a same day loan.
Interest rates and penalties
Here at Quick Loans NZ, our interest rates are calculated according to your credit score and the collateral (security). We don’t have any hidden fees or surprise interest rates. The interest rates are fixed for the term of the loan and any default fees are agreed at the start, in the contract. We will not charge you extra if you want to pay off the loan early. But here’s the tip, check out finance companies interest rates and penalties, as this could save you a lot of money. We are here to help and want the same day loan to work for you.
So, keep these tips in mind when looking to get a same day loan. You will be in a better position to get a loan that is right for you.
If you want to talk to us about applying for a loan please call Quick Loans on 0800 200 275 or simply apply online.
This is not legal advice.