Same Day Cash Loans

What Are Same Day Cash Loans And Do You Qualify?

Need cash fast? Try MiFinance, Australia’s easy same day cash loan company with loans that range from $300 to $5000 extended over a period of six months. All you have to do is apply online, get approved, and the cash will be deposited straight into your bank account.

You can choose to repay the amount applied for in:

  • 24 x weekly payments
  • 12 x fortnightly payments
  • 6 x monthly payments

The frequency of repayment will match your income cycle and the total repayment is the same for every cycle. If you manage to repay your loan faster, you will avoid paying any monthly fees that have not already been charged. There are no penalties for early payout fees so you can pay off your loan earlier without worrying about extra charges. If we have approved your loan you will be required to pay an establishment fee of 20% and a monthly fee of 4% calculated on the borrowed amount.

What Are Same Day Cash Loans?

At the best of times loans are not easy to come by. Most require a lengthy application process that includes extensive credit, employment, and home checks. And if you eventually get approved for a loan, it usually takes days and even weeks to finalise before the money is actually paid into your bank account.

Same Day Cash Loans are designed to help smooth over brief periods of cash shortfalls when money is needed urgently and there is no other way to obtain it. If you need cash to get you out of an emergency situation our Same Day Loans are just what you are looking for. When you are in a bind, you most probably want the cash to be available almost immediately. We appreciate the urgency of such a request which is why our competent staff will see to it that your application is processed as swiftly as possible and once it has been approved the funds will be paid into your bank account on the same day.

Who Can Apply For A Same Day Cash Loan?

There are very few requirements that need to be met when applying for a MiFinance Same Day Cash Loan:

  • You must be over 18 years of age
  • You must be an Australian citizen or be a permanent resident in Australia
  • You must have an income of at least $400 per week
  • You must have had a personal bank account for at least the past 3 months
  • You must allow for the funds to be paid directly into your bank account
  • You must be able to afford the repayments

How To Apply

Applying online for a MiFinance loan is easy and 100% safe. The application form will take just a few minutes to complete and the information required is easy to obtain and usually readily available.

For loans up to $5000 we do not need extensive documentation. All we need to approve your loan is to verify your identity and establish that you have employment income that will enable you to repay the loan at regular intervals over the repayment period.

If your application is successful the cash will be transferred to your bank account immediately. No need to wait for days or weeks for the funds to become available for use.

With a MiFinance Same Day Loan you can put your mind at ease, knowing that the cash you need will be on its way to your bank account in no time flat. Whatever the purpose, same day loans are the ideal solution when it comes to dealing with those unexpected curve balls life can sometimes throw at you. With up to $5000 available in ready cash and a repayment schedule that suits your needs, a same day loan can be a very powerful tool to help you tackle any financial challenge in a quick, easy, and flexible way.

How soon can I expect to receive my cash?

If your application is submitted during business hours it will take just a few minutes to review it for approval. As soon as it has been approved the funds will be sent to you. Bear in mind, however, that transfer times will depend on your bank.

What Information Do We Need From You?

We will need you to provide us with certain personal information as set out in the online application form. You can help speed up the process by ensuring that you have access to the following information before applying:

  • The reason for your application, i.e. what do you need the loan for?
  • Your recent internet banking details to enable you to send us at least 3 months of the recent history of your banking transactions.
  • Your personal contact details like address, telephone numbers, etc.
  • An active email address and mobile number.
  • Your current employment details.
  • A personal bank account in your name.
  • You will need 100 points of ID.
  • My Gov details for sending Centrelink information if required.

What Happens Next?

Once you have submitted all your information the assessment process can start. Normally we are able to review your loan application on the same day that it was received or, at worst, within 24 hours of receiving it. Once your application has been assessed we will contact you by text or email to advise you of the outcome. If your application is successful the amount you have applied for will be sent directly to your bank account where it will be available immediately. After this, all you have to do is ensure that the repayments are met on time and in full.

How Much Does A Cash Quick Online Loan Cost?

Our charges are completely transparent without any hidden costs.  There are no fees for early repayments which means you will not be penalised for settling your debt before the end date. Our repayment schedule is as follows:

  • All loans are payable over 4 – 24 weeks
  • A 20% Establishment Fee is charged on the loan amount
  • We charge a 4% monthly fee on the loan amount

For Example:

  • A $500 loan amount payable over 24 weeks will cost $30 per week
  • A $1000 loan amount payable over a 24 week period will cost $60 per week

How Do I Repay a Same Day Cash Loan?

In order to make the repayment process as straightforward and hassle-free as possible we will set up direct debits on your bank account on payment dates that match your income, e.g. wages or benefits.

What happens when I default on my payments?

If you default on your payments you will have to pay a dishonour fee of $20. If you anticipate a problem at the time of your repayment, it is best to contact us on 1300 762 731 to discuss an alternative arrangement.

What Are Typical Reasons For Needing A Same Day Cash Loan?

Everyone can experience a cash shortage from time to time, especially when unexpected costs suddenly come up. A same day cash loan from MiFinance is an easy and convenient way to deal with such eventualities that usually crop up at the most inconvenient times. Over the years we have helped many of our clients out of a tight spot with same day loans up to $5000 anywhere in Australia.

Anyone over the age of 18 can apply for a same day loan for virtually any reason. However, it is important to never apply for more than you need at the moment. Here are some of the reasons that will qualify you for a same day loan:

  • Emergency car repairs
  • Unexpected medical expenses
  • Unexpected vet bills
  • Holiday expenses
  • Wedding expenses
  • Bond loans
  • Whitegoods
  • Back to school expenses
  • Surprise birthday gift
  • Unpaid utility bills
  • Funeral expenses
  • Car rego

How can I get a quick same day loan?

Simply apply online at https://www.MiFinance.com.au/ or call us on 1300 762 731. If you are in the area you can visit us at Suite 9, St. Eve Professional Centre, Smiths Road, Goodna QLD 4300 or at  Browns Plains, 93-95 Grand Plaza Drive.

Is it Easy to Apply For a Same Day Loan Online?

Yes. The application form is quick and easy to complete and there are very few requirements.

How long does it take to process a same day cash loan?

During business hours your application will be assessed as soon as it is received, usually within half an hour. If your application is successful the funds will be sent to your bank account within a few hours. However, transfer times will depend on your bank. In any event, we want to ensure that you receive the cash on the same day if possible.

Can I apply for a same day loan if I have bad credit?

If you can provide us with proof of at least 90 days of problem-free banking and employment income of at least $450 per week, you may still be eligible for a loan. At MiFinance we look beyond your bad credit and consider more than just your credit score.

How it Works

Getting a same day loan with MiFinance is easy. We offer same day loans with quick turnarounds. If we cannot accommodate you at the moment, don’t worry. We will help you find another lender who may be able to offer you a loan. Just follow three easy steps and you will be on your way to receiving the cash you need.

  1. Apply online by filling out the loan calculator conveniently located right at the top of the first page of the MiFinance.com website. You will immediately be directed to our secure online page to complete your application. When you are certain that you have provided all the required information, just hit the submit button to start the review process.
  2. As soon as we receive your application a MiFinance staff member will process it to see if we are able to offer you a same day cash loan. Remember, if we can’t help you we will locate another lender who can.
  3. Meet your lender. If MiFinance is able to provide you with a loan we will contact you by text or email to inform you of our decision. If we are the lender for you, you will receive a loan contract to read and sign. If you are happy with the details you can return the signed contract to us and we will immediately schedule a cash transfer to your bank account.

It’s as simple as that!

If you should find yourself short of cash for any reason, Mi-Finance is here to help with a same day cash loan. Maybe the washing machine has packed up, the car has stopped running, someone in your family has become ill or you just need some cash for a weekend away or to buy someone a special birthday gift. Whatever the reason, you can trust MiFinance to assist you with any emergency or cash requirement with a same day cash loan that is flexible and easy to repay.