Category Archives: Short Term Loans

For more information about our products, don’t hesitate to contact us.

You can also read more about quick cash loans in our previous blog post: 3 Best Ways To Get A Fast Cash Loan Online

21Jun2018

15 Inexpensive Things To Do With Friends

June 21, 2018

15 Inexpensive Things To Do With Friends

Budgeting, Short Term Loans 1

We obviously stress the importance of being financially savvy, enough so to achieve your objectives, but you still have to have fun right? A same day loan isn’t meant for a night out clubbing with your friends, but hopefully you have put away a little nest egg which you can dip into from time to time.

Luckily there are ways in which you can have fun, but still keep your wallet in your pocket! Continue reading to learn more frugal ways to socialise.

Socialising is essential for our wellbeing. We’re social animals, after all. But while hanging out with friends can be great for our happiness, it can also be brutal on the budget. Catch up for coffee. Drinks after work. See a band. Cover charge at the pub. Dinner at a restaurant. Fun stuff. But sheesh, does it add up.

What is the real aim of going out? Catching up with friends, being entertained, getting out of the house and meeting new people. All of this can be done on a budget.

Here are 15 ideas for things to do with little or no expense.

IDEAS FOR STAYING IN

1. Potluck dinners

Staying in and having friends over for dinner has come back in vogue over the last few years. But you don’t have to do all the work. Try American idea of the potluck dinner, where everyone brings a dish to share. Or you could organise who brings what so you have nibbles, dinner and dessert covered.

The other alternative is to take turns entertaining amongst friends.

2. Game evenings

I think that games tend to be thought of as a little daggy, but I love board game evenings. An evening of Pictionary or Balderdash and a couple of bottles of wine can be absolutely hilarious.

But you don’t need to have board games. Improv games like charades can also be a lot of fun. We used to play a variation of charades when we were at Uni (grog free too!) that left us rolling around in stitches. If you’re interested, leave a comment and I’ll post the rules. Do a Google search for after dinner games and improv games for some ideas, or for something a little more adult only, try some drinking games.

3. Movie night

Hire a DVD (or stream a movie) or binge on Netflix together – entertainment at home is a lot cheaper than going to the cinema. And you don’t have to sit still or be as quiet.

For a free version, local libraries often hire movies for free, or raid your friend’s DVD collection and swap. For something interesting make it a theme night by watching all Hitchcock movies or all black and white classics, or musicals. Make some popcorn, dim the lights and bring out the pillows.

4. Cocktail evening

Drinking cocktails out can be very expensive, but you can have a cocktail party at home for a fraction of the price. Before hand, decide on a few cocktail recipes and ask everyone to bring one bottle and some nibbles and whatever extras you might need for cocktails. Tell people what to bring so that you are sure to have all the right ingredients.

5. Have high tea

High teas came back into vogue because there’s something sumptuous about fancy china and little cakes. Bring back a little yesteryear with a high tea.

6. Throw a barbeque

Bangers and mozzies is a wonderful way to while away a warm Sunday afternoon, maybe with a little cricket and a lot of chit chat.

GETTING OUTDOORS

7. Go on a picnic

A picnic is a wonderful way to enjoy the outdoors. It can be as simple as throwing your dinner in a container to eat out (risotto is one of our favourite easy dinners on the beach) or taking a simple sandwich and eating in the park.

If you want to be more elaborate, share the burden of preparing food for a picnic by taking turns or everyone bringing something to share. Some parks offer BBQ facilities so plan ahead and check out what’s available.

8. Go hiking or biking

Explore the great outdoors for free with friends, and maybe throw in a swim or a picnic. You can often find free or low cost local guided tours that will show you the local or historical attractions of your town or point out key flora and fauna in your local national park.

9. Play a sport

Play some backyard cricket or shoot some hoops with your friends. No backyard? Take the Frisbee down to the local park or beach, it can be a great way to meet new people.

10. Go camping

Camping is fun, but camping is even more fun with a group of friends. Borrow, scrounge and share tents and other camping bits and bobs and enjoy some toasted marshmallows and ghost stories.

11. Go on an exercise date

A couple of years ago, my friend and I got motivated and met every week for a walk and talk. Exercising with a buddy or two takes away the boredom of exercise and you can motivate each other to get fit, all while catching up.

BE ENTERTAINED FOR LESS

12. Free attractions

Museums, art galleries, zoos, markets can often be free or have free sections for the general unpaying public. It can be a good way to pass a leisurely afternoon. Public parks and beaches are also free.

Some non-free attractions may have free open days. For example, some paying museums have a free Saturday every month.

Don’t forget to check out your local library for free classes, author talks and other events too.

13. Support local bands

Going to see a local band can be a fraction of the cost of more popular band tickets. Pubs and cafe’s often have bands playing where you only pay the cost of a drink or two.

14. Learn to dance

You often get two for one at social dance lessons held at local community halls etc – the lesson first then a social dance afterwards.

15. Volunteer

This may seem like a strange entertainment suggestion, but if your wanting to get out and meet new, like-minded people, then one way to do so is to volunteer. And the benefits usually don’t stop there. Volunteer at a festival, concert, play or other entertainment event and you usually get free entry to the event as recompense.

Entertainment and socialising with friends doesn’t have to break the budget, but you can have just as much fun (or more fun) by adopting a few frugal entertainment ideas.

What frugal things do you like to do with friends?

If you are experiencing financial difficulty, don’t hesitate to get in touch with Cigno who might be able to offer a solution.

Receive up to $1,000 in your account with our same day loans with manageable repayment options. All you need to do to apply is complete our quick and easy online application and then send us your bank statement. For details, contact us.

Read the original source article here.

Read more about same day loans in our previous blog post: Where To Get A Personal Loan Fast?

7Jun2018

Less Is More When It Comes To Budgeting (NOT SAVING)

June 7, 2018

Less Is More When It Comes To Budgeting (NOT SAVING)

Budgeting, Short Term Loans

Money management is an art form, one that, some say, can only be learned through self-discipline. While that is true, we are still going to offer our two cents on clever and unique ways to budget. Once you have the knowledge at your disposal, you can then apply some self-discipline.

Are you putting those spare coins into your piggy bank? Have you got a convoluted spreadsheet and automatic payment system? However you budget, and however good you are at budgeting, there’s always new and unique ways that can be of use. What we’ve found is, the less structure you have around your budgeting process, the more likely you are to stick to it.

Stay on top of your spendings, and savings.

Continue reading to learn more about some money management techniques.

Automate everything

Making decisions is exhausting. For real – psychological research shows people make worse decisions when their willpower has been tested. It’s a phenomenon known as decision fatigue, and it could be undermining your savings goals.

The fix? Automation. Decide how much money you’re going to save, and set up a direct deposit on the day you get paid. That way, you don’t have to make any decisions or make any mental calculations. You’ll save without even thinking about it.

Use the 60-20-20 rule

This one might involve a little bit of maths, but stick with us: it’ll be a moment of effort with years of pay off.

If you’ve got no idea how much you should be saving or spending, this one helps by giving you a solid framework. 60 percent of your pay should go towards daily expenses – like rent, bills and groceries. 20 percent goes to savings. And 20 percent is for fun stuff – like nights out and new outfits and spontaneous road trips with your mates.

The genius of this budget hack is that you have a still have money to play with, so it doesn’t feel onerous.

Level up this hack by incorporating the one above: set up direct deposits so you keep our fun money separate from your savings and your everyday spending.

Set goals

This might not seem like a “hack” but its effectiveness has been proven: UK government research found people with a specific savings goal save faster and more effectively, putting aside an average of $1000 more over a year.

It doesn’t matter what the goal is – just that you have one. Or several! Perhaps you’ve got a long-term goal of saving for a house deposit, and a short-term goal of going to Bali next August. It doesn’t need to be an either/or thing.

Have an emergency fund

Perhaps the most boring of the hacks, but super important. Having a safety net of a few months’ living expenses will ensure you are taken care of should the worst happen – like your car breaking down, or losing your job.

Keeping this money separate from your day-to-day transaction account and savings accounts means an emergency won’t derail your budget. Don’t skip this one!

Get a bank account that makes it easy

Gee, if only there was a bank account that could help you automate your budget and work towards your savings goals… wait a second, there is!

The Westpac Life savings account allows you to do just that – you can set up to 6 goals and track your progress towards them via the Westpac App. You can save for several goals without the hassle of having more than one account – and you’ll earn a competitive 2.30% p.a. variable interest rate which includes bonus interest every month your balance grows.

Westpac Life is a flexible savings account that could help you stay on track to meet your savings goals. Open now in less than three minutes.

To open a Westpac Life account, you must be registered for Online Banking and hold a Westpac everyday account in the same name. Fees and charges may apply on the everyday account. Any recommendation made in this communication does not take your objectives, financial situation or needs into account. Read the terms and conditions at westpac.com.au before making a decision and consider whether the products are appropriate for you. © Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.

This information is intended to be general in nature and should not be relied upon for personal financial use.

Remember, if you are experiencing financial difficulty, Cigno can be a source of assistance. We offer same-day loans to those in need, regardless of the situation you find yourself in. Got a bad credit rating? No problem. We have a quick and painless application process, as well as a high approval rate for all borrowers. Everyone needs a hand from time to time, and we are here to help you land on your feet. Apply for a same-day loan today!

Reach out to us today to get the same-day loan you need in your bank deposit as soon as this afternoon!

Read original source article here.

You can read more about same-day loans in our previous blog post: How a Cash Advance Can Help You After a Disaster

15May2018

man holding phone with applications - same day loans

Australia’s Best Money Management Apps

May 15, 2018

Check out Money Smart’s other apps here.

Budgeting, Short Term Loans 5

How do you manage your money? Do you manage your money at all? From writing down your expenses to setting up Excel spreadsheets, there are countless ways to stay on top of savings and spendings.

But, we are in the digital age now. Everything is at our fingertips.

More and more Australians are using money management apps for their convenience of use and accessibility.

Continue reading to learn more about these money management apps, designed specifically for Australians.

Let’s take a look at the 10 best money management apps for Australians

1. Your bank’s app

Cost: Free

Availability: Android and iOs

Manage your money, check your balance and pay your bills on the go and more with your bank’s app.

2. Pocketbook

Cost: Free

Availability: Android and iOS

Pocketbook is an Australian budgeting app that allows you to track your expenses to work out your monthly spend. You can set spending limits to help you stick to your budget.

The best feature of this app is that it connects to your bank so that you can track income and expenses automatically.

3. TrackMyGoals

Cost: Free

Availability: Android and iOS

The Money Smart’s TrackMyGoals app allows you to set, plan, track and manage your savings goals and visualise your progress.

4. TrackMySpend

Cost: Free

Availability: Android and iOS

Another ASIC Money Smart App, TrackMySpend is a basic budgeting app that, funnily enough, helps you track what you spend.

You can categorise expenses, set regular expenses as favourites and flag expenses as needs or wants. You can also download the data to a spreadsheet for further analysis or to import into other accounting software.

5. Australian Taxation Office

Cost: Free

Availability: Android, iOS and Windows Phone

The ATO’s is for individual tax payers, small business owners and self managed superfund trustees. It allows you to access their online services, lodge and track your income tax return, record and manage tax deductions, calculate tax to withhold, work out key tax dates, access tools and calculators, to name just a few functions.

6. Acorns AU

Cost: App is free but there is a monthly fee ( $1.25 per month for balances under $5,000 at time of writing)

Availability: Android and iOS

Now available in Australia, Acorns is an investment app that links to your bank account. When you spend, Acorns rounds up your transaction to the nearest dollar and invests that change for you in a diversified portfolio (EFT) at your chosen level of risk.

As this is an investment portfolio, it is subject to market fluctuations. You will also need to pay tax on all realised capital gains. Check out the website for more information.

7. Splitwise

Cost: Free

Availability: Android and iOS

Splitwise isn’t Australian, but still useful for those people who need to split expenses. Great for flatmates who need to keep track of who owes what.

Splitwise keeps a running total of how much is owed and it also emails reminders when expenses like the rent are due or when you forget to pay someone back.

8. ATM Hunter

Cost: Free

Availability: Android and iOS

Mastercard ATM Locator app helps you find the closest ATM no matter where in the world you are. You can search for your specific bank’s ATM to avoid fees. Provides you with distance and directions to ATM.

9. Expensify

Cost: Free

Availability: Android and iOS

Expensify allows you to scan receipts and track time or mileage for tax deductions. What’s cool about Expensify is that it pulls information from the receipts including date, time, amount and merchant and puts it all into a CSV file ready for your accountant at tax time.

10. Good Budget

Cost: Free

Availability: Android and iOS

This app uses a virtual version of the old-fashioned envelope system to help you budget your money. Track expenses, monitor savings goals, sync with your partner, monitor cash flow and analyse spending patterns. While this app isn’t Australia specific, Australians can still use it and one of the most popular budgeting apps on the web.

Managing your budget has never been easier with the proliferation of apps and mobile tools available.

Australia’s Best Money Management Apps

Which app is right for you? While all are great, some have various options that may better maximise your ability to save. The best part is, most of these apps are free, so it’s as simple as downloading one and trying it out.

Remember, if experiencing financial difficulty, Cigno can be a source of assistance. We offer same-day loans to those in need, regardless of the situation you find yourself in. Got a bad credit rating? No problem. We have a quick and painless application process, a swell as a high approval rate for all borrowers. Everyone needs a hand from time to time, and we are here to help you land on your feet. Apply for a same-day loan today!

Reach out to us today to get the same-day loan you need in your bank deposit as soon as this afternoon!

Read original source article here.

You can read more about same-day loans in our previous blog post: Understanding Different Types of Small Loans

10Apr2018

Calculating your student loans, A golden piggy bank with a grad hat on a calculator with word loans over a distressed wood background

How a Cash Advance Can Help You After a Disaster

April 10, 2018

How a Cash Advance Can Help You After a Disaster

cash advance, cash loans Short Term Loans 1

In 2017, the Australian Bureau of Statistics released a statement claiming that that nearly 1 out of every 3 Australian households was over-indebted.

That number that has grown by 8% from 2003 – 2016.

Being in debt is difficult on its own, but imagine being in debt when a natural disaster strikes.

Earthquakes, floods, destructive winds, road closures, and sickness are all things that can damage lives, cripple businesses and create an incredible financial need.

An advance can be a helpful solution when disasters strike and during other times of uncertainty.

Cash advances provide immediate financial relief to people looking to get past difficult times. At Cigno Loans, we’re proud to offer fast personal loan and cash advance services to Australians when they’re faced with disaster.

You can’t control Mother Nature. When disaster strikes, a cash advance can put you on your feet again. Here’s why.

How Can A Cash Advance Help You After a Disaster?

Medical Expenses

Natural disasters can embody a wide array of hardships including increased occurrences of sickness like the flu.

Even if the natural disaster you’re facing is not related to sickness, things like floods and earthquakes can cause injury and illness. This can mean paying for medication, treatment, and may even result in needing time off work.

When an unexpected disaster puts the burden of medical-related expenses on you or a family member, a cash advance can help.

Cash advances give you the financial support you need to give your body the resources and time it needs to make a full recovery.

Home Repairs

Home repairs are the most common hardship associated with natural disasters and for good reason.

Harsh winds, rains, floods, and earthquakes can cause severe damage to the place you live. This can exacerbate the already unpredictable costs of home ownership.

Pipes can sustain damage and roofing might tear. Trees on your property may even present an environmental hazard which means you need to pay to get them cut. These are just a few examples of what you might encounter.

Some disaster expenses are non-urgent but problems caused to your home may need immediate attention. Living in a damaged environment can at best, be uncomfortable for you and your family, or at worst, present danger.

A cash advance can help bridge your income. This will ensure that the quality and comfort of where you live does not need to be on hold until you receive your next paycheck.

Car Repairs

Australian research firm IBIS World estimates the car repair industry’s revenue at 16 billion dollars a year as of 2018.

That’s good news for them but that revenue comes at the expense of car owners who are generally caught off guard by vehicle damage and breakdowns.

Natural disasters only increase the risk of unexpected car repairs.

Flooding can ruin engines and severely damage car interiors. Accidents caused during earthquakes, high-winds or severe rains can lead to tremendous body repair costs. They may even mean needing to replace your vehicle altogether.

If you use your vehicle to get to work or drop off family members at school, getting your vehicle repaired in a timely manner may be of even greater importance.

If you find yourself in need of financial help to make emergency car repairs when a disaster strikes, a cash advance can be the solution you are looking for.

Cash advances can provide you with the financial lifeline you need to ensure your car is in working condition and safe so an unplanned disaster doesn’t put you out of service.

Work Gaps

City workers, electricians, and disaster relief personnel are just some examples of people who probably won’t need to worry about having work when natural disasters strike.

But what about a supplier whose restaurant closes during disaster-related repairs?

Or how about an online freelancer whose internet is down? It could take weeks for his or her internet provider to repair their connection and get them back to work.

Natural disasters can lead to uncertainty in regards to when you’ll see your next paycheck and unfortunately when work pauses your bills don’t.

A cash advance can help get you past a lull in your work routine so you don’t have to worry about how you’ll get yourself through the rest of the month.

Dips in Business

Small business owners, particularly those who run brick-and-mortar establishments, may get hit the hardest when disaster strikes.

Disasters can result in road closures which can make it impossible for customers to access your goods and services. Your business may have been damaged and you might have to close your doors until it meets safety standards again.

And even if the damage is not an issue for your establishment, customers are less likely to go out and spend their disposable income after a disaster due to fear and uncertainty.

No matter how it happens, when natural disasters hurt you and your business’ bottom line, you may find yourself worried about mounting expenses and your lack of income.

A cash advance can help.

When your business is built for the long-term success, a cash advance can make sure you are not hurt by short-term financial hardships.

In Summary

Natural disasters are unpredictable and can cause financial hardship to hard-working everyday people.

When repairs need to be made, medical expenses need to be paid, and income needs to be bridged to get through difficult times, getting a cash advance can be the solution you need to ensure that your life is disrupted as little as possible.

How We Can Help

At Cigno Loans, we are proud to offer cash advances up to $1000 to Australians who need assistance getting through hard times in their life.

We believe in giving everyone fair consideration when applying for our loans. We offer a quick, non-invasive application process that aims to get you the money you need.

We also believe in responsible lending and borrowing. That means we will help you get a loan amount that best fits your financial situation and sets you up for success.

If you’re interested in a cash advance, apply for a loan today. For more information about the types of loans we offer or other financial advice, read more on our blog.

21Mar2018

Business people hand working with document chart for Mortgage loans concept

Common Requirements for Fast Cash Loans

March 21, 2018

Common Requirements for Fast Cash Loans

cash advance, payday loans Short Term Loans 2

With more Australians than ever currently in debt, chances are that there have been a few times in your life when you just wish you could get your paycheck early.

Maybe you need to make an important purchase. Perhaps you’ve been faced with unexpected medical challenges, are currently unable to work, or just need a little help getting your finances back on their feet.

Do you need fast cash loans? Learn the common requirements before applying.

Whatever the reason, you’ve likely already thought about applying for cash loans.

But what will those giving you the loan require of you? Are you eligible for these types of loans? If so, what sort of information will you need to provide?

We understand that you have lots of questions.

In this post, we’ll tell you the most common requirements when it comes to cash loans.

Understanding Cash Loans

Before we get into the requirements associated with these loans, let’s first make sure you understand exactly what they are.

In a nutshell, these types of loans are meant to be a short-term financial solution. They are typically given in smaller amounts, and often carry a higher rate of interest than other types of loans.

The amount that you’ll be eligible for when it comes to these loans depends on how much you make, as well as the specifications of the institution giving you the loan.

Many people apply for cash loans when they need to cover their bills and don’t currently have enough cash in their bank accounts to do so. They may also be used to pay off your credit card debt, pay for a car, or so that you don’t have to ask your friends or family for money.

The good news?

These types of loans are incredibly accessible, and they don’t usually have lots of the requirements associated with other loans.

Now, let’s take a look at those requirements.

Common Requirements For These Loans

As we mentioned earlier in this post, cash loans are one of the easiest loans to both apply and get approved for.

In general, the requirements are fairly minimal.

First of all, you must be a minimum of 18 years of age. You also need to prove that you have a checking account, which you can prove by bringing in a copy of your bank statement to your appointment.

You’ll also need to show a proof of income. This can be a letter from your employer or a pay slip. You’ll also need to give some form of government-issued identification to your lender, as well as your social security number.

More good news?

The process of applying and getting approved for a cash loan usually happens fast. In some cases, you can even be approved in as little as about half an hour.

You should be sure, however, to ask about the lending fee associated with your loan. If it’s too high to make it worth it, then you may want to consider working with another lender.

Keep in mind that the complete list of requirements will likely vary based on the specific lender that you’re working with. In some cases, you may even be able to apply for your loan online.

In addition to asking questions about interests rates, loan terms, and possible amounts, always take the time to ensure that you do actually meet the requirements of the loan.

More Information On Cash Loans

With Australian households officially carrying the most debt in the world, we want to ensure that you can make a clear decision about whether or not cash loans truly are the right option for you.

Especially because of the high interest rate, make sure that there’s nothing else you can do before applying for this type of loan. Contact your landlord and any heating and water providers to see if you can create a better payment schedule.

If you apply online, you may need to wait for a few days before you receive your money. So, if you’re truly in a bind, it may be best to go to a bank directly or meet with a more local lender.

When you decide on the amount of money you borrow, make sure that you have a plan in mind for how you’re going to pay the loan back. Talk to your lender about how much you can afford to borrow, and discuss all possible repayment plans.

Make sure that you also ask about the possibility of any late fees or penalties associated with a lack of ability to pay the loan back in time.

In Need Of Cash Loans Fast?

We hope that this post has helped you to better understand the requirements you’ll need in order to be approved for cash loans.

Keep in mind that, above all else, the lender that you work with will have the biggest influence on the requirements, terms, and amount of your loan.

So, when you’re considering applying for these loans, make sure that you do your research and ensure you’re working with the lender that’s right for you.

That’s where we come in.

We invite you to spend some time on our website to learn more about the way our loan structure works. You can even apply online for your loan, which will help you to save even more time and make the process especially convenient.

No matter the reason why you need money now, we want to help you to get it. Get in touch with us today to get started.

21Feb2018

Where To Get A Personal Loan Fast?

February 21, 2018

Where To Get A Personal Loan Fast?

personal loans Short Term Loans 21

Where else but Cigno Loans?

Cigno is an industry leader in responsible lending, providing various personal loan products designed to suit the needs of various people. There is no one loan fits all approach.

We offer short-term cash advances of up to $1000. You may be wondering why you need to get a personal loan? The reasons differ from person to person. Learn some of the most common reasons to request emergency cash.

We are committed to helping the everyday Australian relieve their financial stresses through an easy-to-use, great lending product. Cigno only encourages our customers to borrow in time of need, when repayment is possible and affordable.

Read more about responsible borrowing here.

At Cigno, we consider every loan application and don’t ask ridiculous personal questions. It doesn’t matter if you receive Centrelink benefits or have a six figure salary, every person deserves the same level of respect.

Easy application

Time and time again, our customers praise our unique and easy application process. It is an online form, plain and simple. Fill the form out, attach a bank statement, click submit, then one of our customer service specialists will be in touch.

No face-to-face meetings. No complex application that drags out over the course of weeks. When you need a personal loan fast, you need Cigno. We are here to help you through times of financial difficulty.

Fast approval

Been approved? Excellent. Expect to be notified of your approval status within hours of application submission. If you see an email in your inbox with a thumbs up, you will see loan and service agreements attached. Tick. Signature. Send.

Sound too good to be true?

Receive cash

Once you have checked your inbox and sent the signed agreements back to Cigno, check your bank account! Funds will generally appear in your balance in a matter of hours. Same day loans! How is the convenience? Particularly if your financial situation is looking dire.

Be sure to get your personal loan application signed, sealed and sent by close of business. Any emergency cash requests received after 5pm will arrive in your hands the next day, not the same.

Loan calculator

Our commitment to customer experience meant innovation through the development of a loan calculator. Originally, this part of the personal loan application was reserved for the face-to-face meeting. No more time wasting!

The Cigno loan calculator lets you know in seconds whether a same day loan is right for you. Check it out here.

Why do you need financial assistance?

The reasons differ greatly, but a common one we find is the need for venture capital. Are you starting a small business? Are you a stay-at-home parent planning on bringing in some extra income day to day?

Cigno offers short-term personal loans to budding business men and women.

There are some things you need to know prior to application though. Have a read of this great article: 5 things to do before you apply for a small business loan

Our products have helped now-successful businesses get off the ground. The borrowed money may help finance a new computer for graphic design work; marketing collateral to disseminate through the local neighbourhood; or even digital marketing money like domain purchase, website hosting and Google AdWords credit.

Whatever the reason, Cigno Loans is here to help like we have always done. Australians in every state and territory trust us when it comes to providing financial aid. If you have bad credit, consider a personal loan for bad credit

If you are ready to take your business to the next level, or simply need a financial boost before payday, click through to personal loans to begin your application.

You can also read more about personal loans here: 7 Common Reasons For Short Term Cash Advance Loans

26Dec2017

Understanding Different Types Of Small Loans

December 26, 2017

Understanding Different Types Of Small Loans

small loan Short Term Loans 2

Small loans are used everywhere in the world in a number of applications. Find out more about what Cigno Quick & Fast Cash Loans can do for you. There’s some really helpful information on our website if you’re thinking about applying for a Loan.

When money drama strikes, sometimes the only way to adhere to your financial demands is by taking out a small loan, and paying it back in regular installments.

Due to their increasing popularity, the various types of loans have needed to adapt to today’s environment.

That’s why the terms and conditions, in most circumstances, are relatively simple!

Basically, all you need to do is pay back the money you borrow, at a percentage of interest agreed upon.

How are small loans different to others?

Small loans differ from house and car loans because they aren’t required to be supported by any asset.

In most cases, identification and a brief financial history, such as a bank statement, will suffice in your application.

Another difference is their use. Whereas house and car loans are applied to exactly those things, small loans can be used for anything, including tackling financial dismay.

Generally speaking, small loans can be acquired to assist in meeting any personal needs. For example, if you have an upcoming wedding that needs financing.

A borrower could even kickstart his or her own business venture!

What are the advantages of small loans?

The obvious advantage in acquiring a small loan is the ease of process. Apply; show proof of identification; handover a bank statement. If successful, voila!

However, most lenders do not tolerate using small loans for suspicious purposes such as criminal activities and gambling.

Another great advantage of small loans is the available information out there. Take a look at this list of great financial websites. You’ll find everything you need to know, including insights from industry experts.

Reasons why small loans are effective?

Small loans are being offered locally, nationally and globally at affordable interest rates. Cater to your current financial crunch! The documentation process and procedure is very straightforward.

Generally, they can be applied in less than 24 hours. That means, you could receive funds, as you need them, in your account within hours.

There’s great stuff out there on the net for all types of borrowing. Learn more about choosing a loan here

Or you can visit our previous blog post for more information: What Are Payday Loans? Your Guide to Understanding Payday Loans

28Sep2017

7 Common Reasons for Short Term Cash Advance Loans

September 28, 2017

Short Term Cash Advance Loans Short Term Loans 25

If you’re short on cash and need to make a payment urgently, have you considered short term cash advance loans to solve the problem?

This type of loan can allow you to get your hands on cash quickly and easily. And there are many reasons you might need to take out short term cash advance loans, from bills to babies.

In a financial pickle and wondering where to turn? You are not alone. Here are 7 common reasons why people look for simple, short term cash advance loans.

Here are 7 of the most common reasons people are on the lookout for these short term loans.

1. To Cover Urgent and Unexpected Bills

Sometimes, bills drop in on us unexpectedly. For example, perhaps you forgot about an upcoming car or personal loan payment.

When one of these bills lands on your doormat, it can be a rather unpleasant shock.

But short term cash advance loans can help you to clear up that forgotten bill quickly. You then have the freedom of paying off the money over the next few weeks, rather than suddenly and all at once.

These funds can also be used to bridge the gap between the bill’s due date and your payday. This will help to relieve the pressure on you.

2. After Being Made Redundant

If you’ve been made redundant, you are likely to be entitled to some form of redundancy pay.

But it can take a while for any settlement to come through from your ex-employer. This can be a stressful period, as you’re left without your normal support.

This type of loan can help to tide you over until you’ve been paid. This means you can handle essential expenses like food and heating while you’re looking for a new job.

This way, you won’t be struggling as much after receiving the bad news.

3. A New Arrival

Babies are a gift – but an expensive one. It’s sensible to budget for your new arrival.

However, many parents – particularly first-time parents – might not have thought about certain expenses when getting ready. Or, they might simply be so excited about a new baby that they overspend.

Short term cash advance loans can help you pay for everything your newborn needs if you’re short on cash yourself. For example, have you realised how fast they’ll get through clothes as they grow?

Or quite how much you’ll spend on nappies? And for particularly blessed parents – do you know the true cost of twins?

This can be very helpful if the baby has decided to arrive unexpectedly early.

4. A Bad Credit Score

Sometimes, banks won’t give loans out to people with bad credit scores. If you haven’t looked at your score for a while, a rejection like this can be a warning sign that your rating isn’t looking too good.

A poor credit score can be the result of missing or late payments, applying for or taking out too many loans, or filing for bankruptcy – among other reasons. You should check your credit report when you get a chance.

With short term cash advance loans, you’re borrowing a lot less money.

This means that the process is less strict. You can take out smaller amounts to see you through until your next payday. Plus, you can do all this without the formality of a bank loan.

However, these loans are not something to be used without some thought and care. You shouldn’t generally use them just because you fancy a night out.

5. Christmas or Easter

During seasonal events, it’s normal to want a bit of extra cash.

There are drinks with friends, presents to pay for, and other seasonal excesses. These loans can help you secure a little extra funding at an expensive time of year.

Particularly at Christmas, if you’re getting paid at the end of December you might have a shortfall of cash available before the 25th.

You don’t want to be seen as Scrooge this Christmas. However, picking up extra hours at work may simply not be possible.

A short term cash advance loans can help you to cover these seasonal costs. Plus, you can pay back the money in the new year.

6. You’ve Overdrawn

So, you’ve run out of funds in your bank account and have started borrowing from the bank through the same account.

This is called overdrawing, and it’s a dangerous trap to fall into. It means that you have a negative balance on your account.

Bank accounts can cost a lot when this happens. There can be all sorts of fees and interest charges.

Notice that you’ve dipped into the red? If so, then it may well be cheaper to consider alternative loans.

7. General Emergencies Around the Home

An unexpected emergency to do with your house can quickly run down your savings account. For example, you might need urgent repairs to the walls of your home. You might also need to have your roof fixed before winter.

You might not be able to get a bank to agree to lend money so quickly. However, short term cash advance loans might be a viable solution to your problem.

In our example, you could use a short term loan to pay your builders an advance for the job. That should keep them happy until the rest of the cash comes through from the bank.

You can add on a little to your bank loan to cover the extra cost of taking out the short term loan. This way, all of your debt is neatly consolidated in one place afterwards.

7 Common Reasons for Short Term Cash Advance Loans

Looking for Short Term Cash Advance Loans?

There are loads of reasons why customers ask us to take out a loan, and we judge each application on its own merits.

We try to say ‘yes’ as much as possible.

When unexpected costs come up, sometimes you just need the cash. We believe in giving everyone a chance, regardless of their personal circumstances.

Here at Cigno Loans, we can lend you short term cash up to $1,000 to help you out before payday. We promise that we’ve made our service as quick and as easy for you as possible.

So get in touch to apply for a loan, or to ask us any questions about our loans. We’ll be there for you.

14Sep2017

The Top 5 Considerations When You Need Short Term Cash

September 14, 2017

The Top 5 Considerations When You Need Short Term Cash

Short term cash Short Term Loans 2

Perhaps your rent is a few days late, you have an emergency health bill to settle, or your car just broke down.

To make things worse, your rainy day fund is dry and your current bank account is, well, the less we talk about it the better! You could wait for pay day, but it won’t come around for another week or so.

To cut to the chase, you need money, and you need it now.

We’ve all be in such a situation; where we need a couple of hundred dollars to get out of a jam. More often than not, however, we don’t really take the time to evaluate whether we need the short term cash.

In this article, we’re sharing considerations you need to make before applying for that quick loan. Read on.

In need of a short term cash advance? Check out the top 5 things to consider before you apply.

1. Do I Really Need This Short Term Cash?

Not having a financial plan, living without an emergency fund and even marrying the wrong person are some of the reasons people end up in financial ruins.

Another reason? Taking up quick loans we don’t need.

It’s prudent to assess the reason you want the cash. Is it so urgent? Is it something you can drag on until your next pay day?

If you need short term cash to fix a broken car, that car better be your means to a living. Say you’re an Uber driver or a courier.

But if you need quick cash to fix a car to cruise around and run your errands, that can surely wait.

Not that fixing a broken car with a short term loan is a financial crime, but you really need to make sure you’re getting this loan to solve an urgent problem.

2. Do I Meet Approval Requirements?

Unless you’re planning to borrow money from friends or family, you’ve to take approval requirements into account.

It’s a well-known fact commercial banks love to play hardball with loan applicants. Even with an excellent credit score and proof of a steady income, every detail will be scrutinized, including your postcode. This delays the approval process.

But who turns to a bank for short term cash?

There are other lenders, such as payday loan providers, who specialize in making quick and easy loans to customers who don’t stand a chance in commercial banks.

This, though, doesn’t mean payday lenders don’t have approval requirements on their part. They do, but the approval strings are easy to pull.

In general, you will fill out your details in an online form, send over your bank statements, and wait for the lender’s decision. This typically takes a few hours.

As such, before applying for short term cash, it’s best to review your preferred lender’s requirements and ensure you meet them all. Making a speculative application when you know you don’t meet the requirements will only leave you more frustrated.

3. What Are the Interest Rates?

Sure, loans get you out of messy situations, but they come at a price. That price is the interest rate.

It’s simple math: You borrow $500 for a month at a rate of 20 percent, you’ll repay at least $600. We say at least because, depending on your lender, there may be additional charges, including same-day deposit fee and establishment fee.

Therefore, it’s in your best interest to research the interest rates offered by various short term lenders, and find the lowest.

That said, don’t necessarily settle for a certain lender because they offer the lowest rates in town, or online. Look around for testimonials of quality customer service and quick approval time before making the next move.

You also need to know the small loans ($2,000 or less) industry in Australia is regulated by the National Credit Act. Having a good handle on all the relevant regulations puts you in a better position to secure quick loans at friendlier rates.

You’ll also be able to catch dishonest lenders who might be looking to prey on uninformed or unsuspecting customers.

4. How Long Will I Need to Service the Loan?

So, you get your short term cash and sort out the issues.

Then the repayment journey begins. A few days or weeks down the road, you feel unenthusiastic about it. The loan’s due date is fast approaching, yet you haven’t got your act together.

Many borrowers find themselves in this scenario, not because they’re unable to service their loans, but because they took loans with short lives.

Of course, there is a psychological explanation for this lack of adequate decision making when borrowing money: When you focus heavily on one thing (getting approved for the loan), you’ve less mind to devote to other issues (like what happens after you get the loan).

To avoid this pitfall, start by forecasting your cash flow. Next, determine whether your future income will be sufficient to cover loan repayments and still keep you afloat.

If your finances will be tight, opt for a loan with a longer repayment period. It’ll cost you more, but you’ll have smaller repayment installments that fit your budget.

Short terms loans are typically repayable between 16 days and 1 year.