How to apply for a loan: 5 steps

How to apply for a loan: 5 steps

  • The reason you’re applying for a loan

We know this might seem like a lot of information. Don’t worry though, our lenders employ well-trained operators who will never disclose any of your personal information or application details to your employer.

Step 1: Apply online

To get started, scroll up to the top of the page and use the slider to choose how much you want to borrow and the repayment period. Click ‘Apply now’.

Step 2: Fill in an application

The next step is to fill in the application form. We like to keep things simple so the form should only take a few minutes to complete. It’ll require only a few details from you and any relevant documentation.

Step 3: We’ll look a lender

Once you submit your application, Pocket Cash looks for a suitable lender. If we find a lender, we’ll pass on your details to them and they will get in touch with you. As part of the lender’s application process, they may conduct a credit score check and a look at a read-only copy of your bank statements.

Step 4: Sign your contract

If you’re approved for a loan, you will be sent a contract to sign. Before you sign it, make sure you have a read over it including the terms and conditions of the agreement. If you have any questions or concerns about your contract, please don’t hesitate to get in touch with our team.

Step 5: Receive your money

After the lender receives your signed contract, they’ll transfer the funds. If you have an NPP-enabled bank account, the cash could land in your account ready to use within 60 seconds.

What are instant approval loans?

It’s important to point out that any lender should do their due diligence before offering anyone a loan, to ensure that the borrower can reasonably afford to repay their loan without getting into unneeded financial difficulty. Now, this means that instant approval loans may not be possible.

If speed is of the essence, you can look out for is a lender offering instant payments. Some of the lenders we work with are able to transfer funds to borrowers in just 60 seconds, once their application has been approved and contracts have been signed. That’s the work of NPP-enabled bank accounts!

How does Pocket Cash find lenders?

At Pocket Cash, we like to do things differently. Gone are the days of waiting weeks for your personal loan to be approved. Instead, our team makes it simpler than ever to apply for the cash you need when you need it.

There are a lot of online lenders who will try to entice you with promises of ‘no credit checks’ or ‘instant approval’. If you ever do come across an offer that sounds too good to be true, then it probably is. This is why your first step should be looking for a lender who adheres to the codes of responsible lending. Or, turning to Pocket Cash to help you find a lender!

At Pocket Cash, we pride ourselves on being transparent and honest with our customers. When you submit an application with us, we’ll work to match you with a compatible lender as quickly as possible and, if we can’t help you, we’ll let you know.

Why choose Pocket Cash?

If you’ve been searching the web for payday loans no credit check instant approval in Australia, you have probably spotted many companies promising quick cash. We don’t blame you if trying to choose the right lender for you can be confusing at best. When they all look much the same, how do you know which lenders you can trust? Which one is most likely to approve your loan?