Trusty Finance
Get up to $5,000 fast with rates at 47% p.a., flexible repayments up to 2 years and no hidden fees. Quick online application and speedy approvals.
Trusty Finance’s Easy Approval Loans offer a fast and convenient way to borrow between $2,100 and $5,000. The interest rate sits at 47% per annum, which is common among small personal loan lenders for non-bank offers in Australia. Loan terms range from 12 to 24 months, and you can choose to pay weekly, fortnightly, or monthly. There’s a $400 establishment fee and $20 setup fee, both included in the loan amount. No application or early payout fees will surprise you.
How to Apply: Step By Step
First, check if you meet the eligibility criteria: you should be 18+, have regular income for at least 90 days, be a citizen or resident, have an active email and bank account, and own a car in your name.
Fill out the online application form on Trusty Finance’s website, which only takes a few minutes. Once submitted, you’ll generally receive a quick pre-approval followed by a fast assessment.
Once approved, you can have the funds transferred directly to your bank account, sometimes in as little as 60 seconds. The entire process is digital and paperless.
Key Pros
The application is genuinely easy and the assessment quick, which is perfect if you need cash in a hurry. Support is available and the process is transparent, with all fees outlined clearly up front.
No hidden fees and flexibility in repayments make these loans quite accessible even for those new to borrowing or with imperfect credit. Early payouts won’t cost you extra, either.
Main Cons
The interest rate is high compared to secured loans from banks or credit unions, which is standard for short-term, small personal loans in Australia. Only those with a vehicle in their name can apply.
Additionally, the establishment and setup fees reduce the maximum cash you can actually receive from the approved loan amount. Not suitable for larger borrowing needs.
Verdict
Trusty Finance’s Easy Approval Loans are an effective option for Aussies needing fast access to small amounts of money, especially if you want a fully online, supportive, and transparent lender. However, be mindful of the high costs and make sure the repayments fit your budget.