Fast cash loans in Perth are lump sum payments made directly into your bank account and then repaid over an agreed loan term at a variable monthly or fortnightly repayment amount. When you are approved for a quick loan from MoneyMe, your loan offer will include all the information you need to know like the interest rate we have offered you, the total interest payable over the loan term, the repayment amount that will be directly debited from your account and when. It will also list any other fees and charges that are applicable like establishment fees (these fees are rolled into the loan amount so there is no upfront cost to you).
Once you have received your new loan funds, you are free to distribute them as you need to. There is no redraw facility available, however, which means that if you need to increase your cash loan then you’ll need to apply for a new loan from us. Unlike other money lenders, we don’t sting our customers with an early termination fee so if you are interested in refinancing your loan with us or you are in a position to pay out your loan balance before the loan term has expired, there are no additional charges.
For customers who are seeking a more flexible credit option, you might want to consider the Freestyle virtual Mastercard® from MoneyMe instead. More than like any other credit card, the Freestyle Mastercard is a revolving line of credit available for balances between $1,000 and $20,000. When you use your funds on your online credit card and repay them again, they become available to use immediately. In this way, you can cover things like your monthly expenses or emergency bills and then once you’ve repaid any used balance, use your Freestyle account to cover the next round of expenses. Freestyle customers enjoy up to 55 days interest-free on purchases made which means when you repay your credit balance within the interest-free period, you pay no interest at all. If you need a quick cash advance Perth to get you between pay cycles then you can simply transfer cash from your Freestyle account to yours, or anyone else’s, bank account instantly. Different interest and fees may apply so ensure you check the full terms and conditions on cash advances before you proceed.