Small Loans For The People Who Live On Benefits

02 Mar 2013

Financial distress is the reason for many to lead a pessimistic life. When you have stable source of income to address the challenges in your life, you will always stay in the realistic world and lead an optimistic life.

Financial strength in life keeps you away from the stress and so you can against any challenge that you are facing.

But people who are physically challenged and aged find themselves on the other side of the scenario. They lose their financial freedom due to their in ability to earn some extra income to address their needs.

They mostly rely on the social security benefits provided by the government to make their living. Such people will face hard time when they need to add some extra cash to their pocket to meet their emergency needs.

If you are the one who belong to that category, not a worry, financial market has introduced new type of small loans to assist your needs.

You can apply for these loans from the comfort of home without need for showcasing any credit score or pledging any security. The lender will make the loan application available on his website and you can fill it in minutes without any hassle.

Lender issues the loan amount based on the repayment capacity of the borrower.  Your bad credit score is not a barrier here. You will have your pocket filled that little extra money when you apply for small loans.

As the amount you borrow from the lender is small for the short repayment period, the interest you pay on these loans will be little extra on the principal amount that is funded by the lender.

Make sure that the amount that you get under social benefit scheme gets dropped into your account a day before closing date of your repayment tenure.
 
As you are fetching unsecured loan from the lender, you give the lender the option to auto debit the mutually decided amount on the due date. You can however also give the lender a post-dated cheque that can be cashed on the due date.

Summary:

People who live on social benefits can get the little extra money needed to meet their necessities in a hassle free manner. But since these are unsecured loans of short duration, these come at a high cost.

The operator of this website is not a lender and does not make credit decisions. The information you provide will be used in securing you a payday loan with one of our carefully selected panel of leading Payday Loan Lenders in Australia. The personal, financial and employment information that we collect is stored electronically during the duration of the application and is removed from our system upon acceptance from the lender.

Do not pay any lender or broker an upfront fee to process your loan application.

Please note that payday loans are meant to be used for short term financial emergencies and are not designed to provide long term solutions

We expect you to repay your loan on the date agreed, so if you do not think you are in a position to make your repayment, please do not apply with us in the first place. It is not worth risking your credit rating for such a small amount.