When circumstances change quickly with your finances, being able to resolve them fast is important. However, if you have no available savings or credit to cover an unexpected bill or expense, what other choices do you have? Here at Viva Payday Loans, we can help you find emergency loans from our panel of 15+ lenders, connecting you to financial support when you have exhausted your other options. If you need a short term loan of up to $2,000, we can help you find suitable trusted lenders in a position to help, even if you have poor credit.
To find emergency cash loans today, use the sliders above to choose the amount and repayment terms you’re looking for and click apply now. We’ll work quickly to show you which lenders of emergency loans in Australia can help you today.
Note: Viva Payday Loans is a lender-finder service in Australia, we do not offer financial advice. Please consider seeking independent legal and financial advice to check how the information and ideas presented on this website relate to your unique circumstances.
What Are Emergency Loans?
An emergency loan is exactly as the name suggests, a form of short term borrowing that is used to cover an emergency expense or situation. For this reason, they differ from regular payday loans as they are specifically for people who have no other available options. If you are someone that needs to pay for urgent home repairs or car repairs, experiences a broken down boiler that needs replacing or has another form of unexpected expense that needs to be paid without delay, emergency loans can be the solution. As a loan-finder service, at Viva Payday Loans we are in a position to show you direct lenders willing to help in this specific situation.
Whilst unable to guarantee you will be approved, these lenders will carefully assess your circumstances and affordability and help where they can, but as an applicant, you will need to show proof you can afford to take on the loan. If you can afford it and the amount and terms you are requesting are agreeable, emergency cash loans lenders can approve your application swiftly. As a credit broker, we do not lend money directly and we do not have any control over a lender’s approval process. It’s recommended to be prepared for an application before proceeding to improve your chances of approval.
How to Apply for Emergency Cash Loans
We’ve made the application process as quick and simple as possible to get started, helping you find emergency loans in no time at all. Once you have selected the amount up to $2,000 (some lenders can provide up to $5,000) and the repayment length up to a maximum of 2 years (depending on the loan amount), you can begin to complete our application form. We’ll ask for a few personal details about you and your current finances. If you are someone with long-standing financial difficulties, an emergency loan will not be suitable for you, as well as if you do not have the means to maintain repayments on time. Once we have enough information, we can then process your application and find suitable lenders to help.
One thing you will notice is that the lenders we can connect you with do not provide emergency loans with no credit check. This is to protect not just the lender but also the applicant, as fully approved and trusted lenders will always work to responsible lending guidelines. Emergency loans for bad credit in Australia are possible, but you will need to undergo a credit check and affordability assessment as part of your application. This usually involves applicants providing their most recent bank statements, proof of identity, proof of income, and any details of your MyGov account if you are applying for emergency loans for Centrelink.
You will be shown within a couple of minutes all available lenders of emergency loans in Australia that match your details and request. Then all you need to do is choose the lender you want to continue your application with and visit their website to complete the process. We work alongside a wide range of lenders who can consider any type of credit history, helping you to find suitable emergency loans for bad credit in Australia.
Things to Consider with Emergency Loans
If you are in a position where you need to apply for an emergency loan, you should carefully consider your options before proceeding. Rather than rush into any agreement that could prove too costly to repay, there are a few things to consider first:
Can You Afford Emergency Loans?
Whilst they are extremely convenient, you should always look to use any available savings first. If you also have available credit in your bank account through an overdraft facility, for example, it is worth considering whether this would be a cheaper option for you overall. If you do not have any options available except for emergency loans, you should ensure you can actually afford to do so. Most lenders will run through checks to ensure this is the case, but you should also take the time to consider if the monthly repayment you choose is manageable. You do not want to take on further borrowing if it means getting into further difficulties.
Do You Have An Acceptable Credit History?
As emergency loans with no credit check in Australia are very unlikely, you need to be prepared to have a credit check performed. Whilst having bad credit doesn’t necessarily mean you will be declined, it will be taken into consideration when a lender is assessing your application. If you are someone with permanent or long-term financial difficulty, you should consider if applying is the right thing for you. Further credit checks may show on your credit file, similarly if you apply for multiple lenders in a short space of time. This can have a negative impact on your credit rating which you will want to avoid when in financial difficulty. If you are someone that needs further help and advice, please refer to MoneySmart.
Eligibility for Emergency Loans in Australia
To see your lender offers today, you will need to meet the following minimum requirements:
- Be over the age of 18
- Be a citizen or hold a PR status in Australia
- Be able to provide proof of your income, whether from employment, Centrelink, or other government benefits
- Show an acceptable financial and credit history
With emergency loans for Centrelink beneficiaries, you will need to prove this income, but it cannot be more than 50% of your total income. If the majority of your income is through Centrelink benefits, many lenders will not be able to help.
Get a Decision Today On Emergency Loans
To find suitable same day loans in an emergency, you can use our online loan-finder service to find trusted lenders. As trusted by the ASIC (Australia Securities & Investments Commission), credit representative number 526847, we can help you find responsible lenders that will treat your application fairly no matter your credit history. To see how we can help you resolve your financial emergency today, start your application by clicking apply now.
You will need to be prepared to provide three to six months’ worth of bank statements to prove your income as well as provide details of any existing liabilities (such as credit card or personal loan debt). If you have any questions about emergency loans in Australia, please contact us directly.
Emergency Loans FAQs
How Quickly Can I Get Emergency Loans for Bad Credit?
Each lender will vary on the exact time they can provide the cash into your bank account if approved. As a lender-finder, Viva Payday Loans has no control over this, however, in some cases successful applicants can have the funds on the same day within 60 minutes of signing their digital credit agreement. Please note, this will vary depending on the lender, the time of day you apply, and whether your bank supports faster payments. Any application made outside of business hours may not be approved or paid out until the following working day. Some lenders may take up to 2 days to fully assess and approve an emergency loans for bad credit application.
Yes, if you are someone currently receiving Centrelink benefits, such as if you are unemployed, you may be approved for an emergency loan. As part of the application for emergency loans for Centrelink beneficiaries, you will be required to prove this form of income. Please note, if your Centrelink benefits total more than 50% of your monthly income, many lenders we can connect you with will not be able to accept your application. You will need to ensure you have sufficient income from other sources alongside any benefits payments.
Can I Apply for Emergency Loans with No Credit Check in Australia?
To use our loan-finder service, you will not be required to undergo a full credit check. However, if you do find a lender offer you want to apply for from using our service, you may be required to undergo a credit check with the lender themselves. Emergency loans with no credit check in Australia can mean you could pay hidden fees or a higher rate of interest instead. If you are concerned that due to a low credit score you will be declined, it’s possible to find emergency loans for bad credit in Australia that are suitable instead.