Questions and Answers

2 Payday loans - what are they?

Payday Loans are short term small loans, repayable on your next payday, also called Payday Advances. They enable you to free up some cash straight away for anything such as...

Unexpected bills
Food shopping
House repairs
Just to treat yourself
Car or council tax bills
Insurance renewal
Tenancy bond payment

2 Why use a payday loan?

Banks are very quick to dishonour cheques and when you consider the fees they charge for a dishonour and the poor credit rating it creates payday loans are a very viable alternative.

Other reasons why payday loans are worth considering are....

Unexpected bills for essential things like fixing your car
Ensuring your get bills get paid on time to avoid disconection or
Making sure you don’t lose your prompt payment discounts by paying for things late
Maintaing a good credit history with your bank
Avoiding a bad credit rating which may jeopardise your chances of getting a loan in the future

3 What do I need to do next?

Simply complete the online approval and application form to check you qualify. This will prequalify you for the loan. Our automatided system will email you the loan agreement forms which you need to print off, sign and either email or fax back together with any requested information. Our team will process your loan and deposit the funds into your account overnight.
Once you have been approved and are registed on our system all future loans will be easy. You will be given a members login number and will only need to either send us updated bank statements or allow us to contact your payroll officer to confirm your employment details.
Our company policy allows one payday loan per person at any time and only one per family living at the same address at any time. All loans are subject to ezfinance lending criteria. Self employed and beneficiaryies may not qualify.

4 How easy is it to repay?

This is the easiest part, for your convenience you can opt to either pay it back over 2 to 4 consecutive paydays or in one lump sum. This is simply done via a direct debit on your payday. You will receive a email or text message two days prior, reminding you that the payment is to be debited on the due date.
For a first time borrower these loans cost between $15 per $100 per 7 days, but the fee reduces to $12 per $100 per 7 days for repeat clients. There are no penalties for early payment. Interest is only paid for the number of days you have the loan. This means if you only have the loan for one day then you will only pay one days interest.