How much cash do you need?
Many people apply for a small cash loan of around $500 – $1000, thinking that’s all they’ll be able to get. Yet we’ve found that a lot of our clients can borrow more and consolidate other higher interest debts therefore reducing overall payments and saving money.
By borrowing a higher amount they may be able to:
- Pay a lower interest rate
- Pay off other high interest bills
- Save on monthly fees
- Lower their total repayments
- Give themselves a bit of breathing room
Do you already have a small loan? What about a credit card?
If you have more than one loan, it’s likely you’re paying more than you need to in costs. Small loans over shorter periods typically attract higher interest rates and fees, so they can be more expensive.
If you’re continually having to top up your small loan or apply for new ones, a larger loan spread over a longer period may be better for you.
With Loansmart we look at your entire lending situation, to try and find a better solution for you.