The coronavirus outbreak introduced an unexpected economic crunch, with the population struggling to keep good credit across different industries. Job scarcity and the urgency of home isolation left millions across the world with minimum cash reserves and uncertain access to financial help.

As a choice payday loan provider in Australia, Spondooli understands that devastation can occur at any time and access to small cash reserves can provide enormous relief and the ability to reset.

Whether it’s a pandemic, personal health care emergency or loss of income, the bills, unfortunately, won’t pay themselves. The effect on your loved ones can be felt deeply but luckily there is a reputable and trusted solution that can alleviate the stress. At such times of uncertainty, the best anyone can do is rely on fast cash loans with low interest rates that allow you the flexibility to pay it back based on your circumstances.

Between fast cash loans, payday loans, and online loans, Spondooli has a range of low interest options available and can help you pick the most suitable one based on your needs. To understand which loan is the most appropriate for your circumstances, below outlines the differences in the main loan options when you require an immediate and reliable financial solution.

Fast Cash Loans

Fast cash loans are a go-to loan option when you are under immediate pressure to pay your bills without the means to do so. It is your best financial support to help you survive through your financial emergencies as you can access up to $5000 within the day of application.

Just apply, get approved, and the money will arrive in your bank account within the day. Spondooli makes this hassle-free as they have removed a significant amount of paperwork tradtionally required for approval.

It is worth noting that, If you have a bad credit score and are hesitant to apply for a cash loan, Spondooli can offer you an easy cash loan up to $2000 without peeking into your credit history.

After having the cash issued, you have a few months window to repay your loan. You will be charged 20% of your sum with an extra 4% for each month the sum is owed. This does not include APR (annual percentage rates) but repayments can be adjusted to suit your financial situation.

Payday Loans

Payday loans are short term loan options available for those who are verified employees of a registered business. Just like fast cash loans, payday loans can help you overcome your immediate cash drought and help you survive until your next paycheck.

Conversely, it is a high-cost loan and is calculated using APR, so an extra fee is applied.

Generally, many lending companies offer a period of close to a month, but with Spondooli, you can repay your loan in 63 to 90 days from the date of borrowing. An extra charge is applied each month as long as the money is owed.

If you have a permanent source of income and your income statements reflect that you can recover the loan amount, a payday loan is a great option for you. It also doesn’t appear on your credit reports. You can apply for a Spondooli fast payday loan today.

Online Loans

If you are going through any kind of financial issues, Spondooli has options for easy and reliable online cash loans for up to $5000 across Australia. Today, online loans are considered an efficient way of borrowing money from lenders in times of need as people do not need to wait in a queue and can avoid the hassle of signing papers time and time again.

Spondooli offers low interest rate online loans with less documentation required than traditional lenders. Spondooli has a secure server for online loan processing which is active 24/7. If you apply during normal office hours, before 3 PM AEST, you will receive your loan amount within a few hours.

Whatever your reasons are, Spondooli can help you with a fast and secure loan. Spondooli offers a transparent cash profile to its customers and enjoys a 98% customer satisfaction rate. With over 125,000 satisfied customers, we have approved $2.03 million since 2011.

Whatever your cash needs are, let us know and we will try to help you as much as possible.