Payday loans Australia

Getting a payday loan in Australia might be a bit of a mystery to some. Financial trouble is obviously avoided at all costs, but when unexpected money needs arise, it seems to have a bit of a stigma attached, as if its our fault and it carries shame, to add insult to injury. One of the reasons payday loans get such a bad reputation is the rates on the loans. The fees are higher then maybe the secured loan rates, and they have to be because of the high risk nature of short term loans with no credit check, but then again they are still lower than credit card accrued interest rates. Australians are using this type of service more and more and you might like to know that you are not alone."In Australia, the amount of personal loans has reached $7 billion in August this year. The fixed and revolving credit personal loans grew by 4.1 percent reaching $7.18 billion..." (Australian Bureau of Statistics, 2010)The nature then of secrecy does not leave many places to find out what payday loaning is all about. The inclination is to keep our financial short comings to ourselves. So here are some basic criteria and procedures to getting a payday loan in Australia.To be eligible for a Payday loan in Australia you must:Be at least 18 years of ageBe a resident and employed in AustraliaHave a checking or savings accountHave a minimum net income of $334 per pay periodAnd the process is simple....Here are a few steps to get started:Fill in a simple and secure online application form at and press "Submit"A message will appear stating that your application has been pre-approved.Read more about Payday loans Australia If you do not see this message, check your email for further information.A customer care representatives will contact you either by phone or by email to verify your information or you can follow the emailed prompts and call in yourself.Once you are approved, you can get your cash advance sent to your bank on the same day and the bank usually process it in one to two business days.Some other notable information is that there is no credit check, so this service is available if you have no credit or bad credit. Due to privacy laws in Australia the process is designed to never divulge your business and your right to get a payday loan to your employer or to anyone for that matter. There is another advantage to an online payday loan being that it does add to the discrete nature of needing financial assistance.For more info visit Payday loans Australia