Unsecured Personal Loans with CashPal

Apply For Quick Cash Loans in Minutes. We’ll Do The Rest

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Trusted By Thousands Of Aussies Every Month

Let us help you choose from the best unsecured personal loans on the market!

So, you’re in the market for a personal loan. Maybe you need to make some improvements to your home. Or you’re in desperate need of a holiday. Perhaps you’re just trying to pay some large bills and consolidate your credit cards. You’re shopping around and have started to identify what it is you really need: Affordable, easy, fast approval, online instant loans. When Aussies need to find quick cash loans (and fast!), they turn to us. Let CashPal help you get started on your journey to finding the perfect unsecured personal loan for your situation.


Why are unsecured personal loans a good choice?

Unsecured personal loans are great for people that are wanting smaller loan amounts with flexible repayment options. The major difference between this kind of loan and a secured loan is that you do not need to provide security or an asset against the loan amount.

Benefits of an unsecured loan Downfalls of an unsecured loan
  • Generally used for smaller personal amounts, like for renovations or holidays.
  • Few restrictions on what you can use the money for.
  • You don’t need to risk putting up your car or any other assets as security.
  • Applications are generally quick and easy and can have very fast approval.
  • If you have good credit, you will usually be able to find an unsecured personal loan with a lower interest rate than a credit card.
  • As there is no security against this kind of loan, lenders will charge higher interest than the secured counterpart to cover their bases.
  • If you default, the lender can bring out the big guns to cover their costs.


So, with a long list of benefits like this, it’s clear that these kinds of loans can be pretty useful. But what about their affordability?


What makes unsecured personal loans affordable?

The main feature of an unsecured personal loan that makes it affordable is that the loan amounts are normally less. This is because secured personal loans are generally car or home loans. However unsecured personal loans are generally used for personal items, as the name implies. Think medical bills, a new laptop or travel expenses.

As with all kinds of loans, there are various things that you still need to consider when assessing affordability:

  • Fees & Charges: While it is free to apply with CashPal, lenders may charge their own establishment fees and account keeping fees.
  • Rates: The interest and comparison rates should be at the top of your to-check list. While our premium service assists you in finding the best unsecured personal loans, it is still important that you make your own evaluation.
  • Flexibility: Does your chosen lender charge early termination fees? Are you penalised for making additional repayments? Is there a redraw facility should you need it?
  • Loan term: Always opt for the shortest loan period you can afford. This will ensure you do not pay extra interest or monthly charges. While a longer loan period can look enticing with its low monthly repayments, a short term loan is always cheaper in the long run.


What are the benefits of an online application?

Another affordable aspect of taking out an unsecured personal loan through CashPal is that all of our lenders are online. So, as the loan is processed online, you do not deal with a bank or a brick and mortar business. This means that often the lender’s savings in overheads can be passed onto you as savings in fees and charges.

Online lenders often have more tailored customer service, giving you the personal attention and help you deserve. They are also more likely to offer greater flexibility with their loan terms and conditions, providing genuine care for their loyal customers. While online lenders generally have fewer options available than a traditional bank, the positives speak for themselves.


How to get unsecured personal loans with very fast approval

If you complete all the steps of our simple online application form accurately, we will let you know if we can help you within potentially just a few minutes.

Here are some other failsafe ways to secure yourself a fast unsecured loan:

  • Have your paperwork ready to show you meet the basic criteria. All lenders will require proof of ID, residency and income. Read up on exactly what it is your selected lender will ask you for and have it prepared before you hit ‘apply.’
  • Only apply for the amount you need. While asking for just a little extra could be tempting for your spending account, it’s only going to wind up costing you more in interest charges. You don’t need this! Stick with your budget and only request the exact amount you need to cover your specific expense.
  • Take care of your credit. However, this may not always be possible and many of our lenders understand this. At the very least, be aware of what your rating is and research ways that you can improve it for the future.
  • Manage your finances. It’s scary but important. It is always smart to be prepared and be aware of exactly where you stand with your money. Have a weekly or monthly budget. At the very least, keep track of your spending and expenses.
  • Be honest. If you are in need of urgent cash, lying about your income or ability to manage a loan might feel an easy option. Stay honest. Our lenders are reputable yet understanding.


Are the funds really instant?

Instant unsecured loans are almost possible! While we cannot provide truly instant applications we do provide quick applications and a quick turnaround time. It all depends on when you submit your application and who you bank with.

If you complete your application within business hours and bank with the same institution as your lender, it is possible that your funds will be transferred to you on the same day.

Applications with lenders outside of business hours and with different banks will often mean transfers won’t be processed until the following business day.

If you are ever unsure, contact your lender directly.


Who can get an unsecured personal loan online?

Our lenders understand that everybody’s financial situation is unique. Unsecured personal loans are for pensioners, students, single parents, small business owners, and everyone in between. All that we ask here at CashPal is that you can provide us with the following documentation:

  • Be 18 years old or over;
  • Have been paid a regular income into a personal bank account for at least the past 90 days;
  • Be an Aussie citizen, or have permanent residency;
  • Have an active telephone number and email address.

Even if you receive payments from Centrelink, you can still use our service. Since we find lenders for you and only manage the initial stages of your application, your chosen lender will do their own assessment. They may ask you for further documentation, such as bank statements, pay slips, and/or bills. If you receive Centrelink benefits, the lender may also ask for proof of this too. Lenders need to confirm your identity, personal circumstances, and ability to repay your loan. This means Centrelink won’t necessarily stop you from fast approval.

Each lender has their own requirements. If you’re worried about meeting lending criteria, it’s best to wait until we find a provider for you and then check what their specific requirements are. Chances are, we’ll have someone perfect for you!


Unsecured loans with no credit check?

If your credit is not crash hot, fear not. At CashPal, we do not perform credit checks but some of our lenders might. Even if they do, the lenders we can find generally won’t reject you just for having a bad credit score. If you have a bad credit score, your recent payment record will be reviewed to assess whether or not you are eligible for a loan.

If you are eligible for a loan application, we pass on your details to your chosen lender and it is up to them to negotiate with you from there. So, depending on your lender, it is still possible that you could receive same day funds for your personal loan even with bad credit.

If your credit rating is healthy, you should not feel too concerned about taking out a personal loan. Your credit report reflects previous loan amounts, payment history, balances and number of debts. The only way these kinds of loans will affect your rating is if you miss a payment or are late meeting the agreed terms of your loan. So, to avoid making your credit worse than it needs to be, stick with your contract as best as you can. If you ever have any problems, our lenders are easy to contact and will always be understanding.


What makes CashPal loans easy?

An online application process means you can manage your finances from your couch. Win! It doesn’t get much easier than that. To get started with our lender-finding service, head over to our application form. The process is 100% online and should only take you a few minutes to complete if you have all of your necessary details ready to go.

We also have a loan calculator so that you can get an idea of what your loan might look like and how much it might cost you. Just adjust the slider to select your preferred borrowing amount and repayment period. Remember, however, that these are just examples and your end result may differ.

Once you’ve submitted your application, we’ll get to work looking for the best lender and unsecured personal loan for your situation. We pride ourselves on our quick outcomes, so we’ll do our best to inform you of the results of our search as soon as we can. If we find you a good match, we will refer you to them. They will be in touch once they’ve completed their own assessment of your application.


What about unexpected fees?

This research is time-consuming! But that’s where we can help. At CashPal, you will only apply once, and we will work hard to find you a lender to work with. We are on your side and ready to help you find the quick loan you need.

Still not sold? How about these reasons why you should make CashPal your new pal in finance:

  • We know everyone’s situation is different and we do our best to find lenders who will say yes.
  • We offer lower repayments in comparison to others.
  • The CashPal team are quick thinkers and offer fast turnarounds.
  • CashPal is stress-free and the whole process can be done from home.
  • We know our staff and are experts at what we do.
  • We are on your side and are the pal you can trust!


What’s next?

To get started with your easy online application, click Apply Now from any page on our website. You’ll know if we can help you in a few quick minutes. We’ll then try and hook you up with a lender who can offer you the loan you need. Just say yes, and your lender will do a comprehensive assessment. If approved, they’ll shoot over a quick contract for you to sign. At the end of all this, your lender will send you the money no later than overnight! How great is that?

Our lenders have helped Aussies with their finances for everything and anything, from wedding loans to dental bills. Apply today!