Need to borrow just a small amount of cash? At East Bay Finance, we specialise in making small loans a breeze!
Whether you’re facing unexpected expenses or simply need a little extra cash to get by, our fast local service, competitive rates, and hassle-free online application process set us apart.
- Rates Starting at 9.95%: We offer some of the most competitive interest rates in the market, ensuring you get a deal that fits your budget.
- Quick Approval: Our streamlined loan application process means you can get approved within 1-2 hours*, allowing you to access funds without the long wait.
- Local Expertise: Our savvy team understands the needs of the community. We’re here to provide personalised service that makes borrowing as easy as possible.
- Same-Day Payout: We’re experts at quick loans. When you need cash fast, we aim to process payments within the same day*, so you can tackle those unexpected expenses head-on.
- Tailored Personal Loan Options: We know that every situation is different. That’s why we offer a variety of personalised loan options to meet your specific needs.
*Subject to responsible lending criteria
Is a Small Cash Loan Right For You?
At East Bay Finance, we frequently receive applications from people seeking to borrow small amounts, typically ranging from $500 to $1000.
These loans can be helpful in managing unexpected expenses. However, it’s important to assess whether a small loan is truly the best option for your financial situation.
Here’s an example: Mary applied for a $750 loan with us because she needed the money quickly and didn’t think she could be approved for more. She was expecting payments of around $75 per week for this loan, based on what she had been charged in the past. Shocking!
When we spoke to Mary we realised she actually needed more money, and she had other small loans which were taking up a significant amount of her budget. She had a credit card of $3,500 with payments of $130 per month ($30 per week), a short-term loan of $2,500 which was $150 per week, and another for $1,000 which was $90 per week.
Without taking any extra time we were able to approve Mary for $10,000 to repay her credit card, two small loans and $3,000 into her pocket. This meant we were able to get the extra money Mary needed, but also her total debt payments per week dropped to $75 per week rather than the $270 she was paying on her other short-term debts that are now paid in full.
Not only that – Mary can increase her payments, make extra payments and even fully settle the loan early without penalty if she likes too!
Why Small Personal Loans Aren’t Always the Answer
If you’re considering a small loan, it’s likely you already have a few financial obligations on your plate.
While small loans can be an immediate solution, they often come with drawbacks. Each small loan might carry an establishment fee, and high-interest rates can quickly add up.
By consolidating your small cash loans into a larger loan, you stand to benefit in several ways:
- Lower Interest Rate: A larger loan can come with a more favourable interest rate, reducing your overall financial burden.
Pay Off Other High- - Interest Loans: Consolidation allows you to pay off loans with higher interest rates, saving you money in the long run.
- Save on Monthly Fees: Fewer loans mean fewer fees, providing a more manageable monthly payment plan.
- Reduce Total Loan Repayments: By consolidating, you can simplify your monthly repayments and potentially lower your total repayments.
- Breathe Easier: With a single loan, you can alleviate the stress of juggling multiple payments.
- Access Needed Cash: You’ll still be able to secure the funds you initially needed.
With East Bay Finance, you can borrow $5000 for as little as $55 per week*!
The process is simple: just apply online with our simple 2-minute loan application form, and one of our loan advisors will reach out to assist you from there.
Our minimum loan term is 6 months, giving you ample time to manage your repayments comfortably.
*Subject to responsible lending criteria
How Much Can I Borrow?
With an unsecured loan through East Bay Finance, you can borrow up to $75,000*.
If you need to borrow more, we also offer secured loans, typically up to $150,000*. However, we can go even higher depending on the value of your security.
Secured loans are a great option if you need a higher borrowing limit, but you need to have an asset like a house or car to use as collateral. The upside is you can potentially get a lower interest rate with a secured loan.
Borrowing a higher amount may actually cost you less than you think – with a maximum loan term of 7 years, we can spread your repayments out over a longer period of time to improve affordability.
To find out what your loan payments would be, try our free online loan calculator.
Small Loans For Bad Credit
If you have poor credit history, you might be worried about your chances of getting a small loan.
Don’t worry, at East Bay Finance we believe in second chances, which is why we work hard to find positive solutions for all our clients.
With East Bay Finance, people with a bad credit score can still get a loan.
As long as you have enough regular income to cover the loan repayments, we can usually find a good outcome.
Get in touch with our friendly staff today for a chat about your financial situation and how we can help.
Enjoy a Better Borrowing Experience
At East Bay Finance, we believe that borrowing money should be straightforward and stress-free.
Our commitment to providing more options, faster service, and higher approval rates means you can find the right solution for your financial needs. What more could you ask for?
East Bay Finance offers a wide range of online loans for any need, including:
- Quick cash loans
- Business loans
- Car loans
- Same day loans
- Wedding loans
- Emergency loans
- Home renovation loans
Life is full of surprises, and sometimes those surprises come with unexpected costs.
Whether you’re dealing with unexpected bills, urgent car repairs, medical expenses, unexpected veterinary expenses, dental costs, or appliance breakdowns, we understand that these financial hiccups often happen when you least expect them.
How Do We Do It?
Completing an East Bay Finance loan application is quick and easy—our online application form takes just a few minutes!
Once submitted, you can expect approval in 1-2 hours*, and payment will be processed the same day!*.
When you choose East Bay Finance, you can apply to multiple lenders simultaneously, boosting your chances of approval.
With us, you’ll have access to more options, competitive rates, and an overall better borrowing experience.
Don’t let unexpected expenses hold you back—apply today and discover how East Bay Finance can help you get back on track!
*Subject to responsible lending checks and criteria.
