CashPal is upending the way to get personal loans with approvals in minutes

Through connections with more than 60 lenders in Australia, CashPal makes it easy to get fast cash loans of up to $30,000.

Lender finder CashPal is revolutionizing the personal loan industry with same-day cash loans and approvals within minutes. It works with more than 60 lenders across Australia to find the best-suited personal loans for its customers.

The number of personal loans in Australia has increased, with $2.3 billion in personal loans taken in February 2022. Economists speculate the COVID-19 pandemic and its resulting inflation are to blame, with Aussies turning to personal loans from private lenders for their simplicity and flexibility. For example, interest rates for private lenders tend to be lower than those at banks, and banks often won’t approve someone with poor credit.

But, finding quick cash loans can be a frustrating process. Knowing who to trust and which online cash lenders are legitimate takes time-consuming research. CashPal removes the guesswork by working with verified lenders to find the lowest rates and makes it easy to get cash loans from $2,500 to $30,000 almost instantly.

CashPal’s process is quick and straightforward 

CashPal has processed more than 200,000 personal loan applications in Australia. Its loan application is 100 percent online and takes less than 10 minutes to complete. In addition, a loan calculator on CashPal’s website lets customers choose the loan amount and preview the potential repayment amount and timeline. No documents are needed up-front — CashPal will access a read-only copy of the customer’s bank statement, though a lender may require more documents.

Once a customer has completed the online application, CashPal quickly assesses the needs and immediately starts looking for a lender. Then, an offer is sent to the customer for them to review and accept. The lender determines the payment disbursement and loan repayments, but most work to lend money as soon as possible — some instant cash loans can be funded in as little as one hour. 

To qualify for an instant cash loan with CashPal, customers must
–  Be at least 18 years old
–  Be an Australian citizen or permanent citizen
–  Have been receiving a regular income into a personal bank account for the last 90 days
–  Have a mobile number and email address

Advantages of personal loans and factors to consider

Personal and instant cash loans have several advantages. For instance, versatility is a big pro — customers can use the loans for any purpose, such as a vacation, car repairs, home renovations, or consolidating debt. In addition, customers can borrow any amount — CashPal’s cap is $30,000 — often with poor credit. 

CashPal’s lenders offer quick approvals and, unlike payday loans, give customers a reasonable amount of time to repay the loan. In some instances, the repayment period can last a year or more.

Personal loans are either unsecured or secured. Lenders don’t require collateral for unsecured loans, which makes them riskier and usually means the loan amount will be lower. On the other hand, secured loans are typically larger and need an asset for approval. 

Consider these factors when reviewing the loan offer:
–  The interest rate
–  Whether the interest rate is fixed or variable
–  Application fees
–  Whether it’s possible to qualify for a personal loan with a lower interest rate
–  Whether making extra repayments is allowed and includes penalty fees

Conclusion

Personal loans are growing in popularity but can be confusing. CashPal simplifies the process by matching its customers’ online applications with dozens of lenders to secure fast cash loans.

Media Contact
Company Name: CashPal
Contact Person: Pierre A
Email: Send Email
Country: Australia
Website: http://www.cashpal.com.au