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What is a payday loan?

What is a payday loan?

A payday loan is a small cash loan designed to bridge the gap until your next pay.

Payday loans are normally only used for a few days or weeks until a person’s next pay day, when their budget has been affected by a large unforeseen expense. A short-term loan can be a convenient financial support when you are short of cash and need immediate help to take control of your situation.

A payday loan can help you to:

  • Avoid dishonoured bank fees
  • Pay a bill on time to get a prompt payment discount
  • Secure funds for an emergency expense
  • Maintain relationships with important creditors

When could Payday Advance be useful?

Here are some examples of how a short-term cash loan from Payday Advance could be helpful:

  • Failed Warrant of Fitness (WOF) – Urgent car repairs required
  • Rental Bonds & letting Fees
  • Unexpectedly large bills
  • Emergency medical or dental costs
  • Short purchase windows for events / concert tickets
  • Urgent maintenance at home (plumber, electrician)
  • Appliance repair or purchase (fridge, washing machine)
  • Any other unforeseen situation

If you have tried borrowing money from family members or friends and they can’t help – and you only need a few hundred dollars until next pay day, then a cash loan from Payday Advance could help get things back under control.