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Borrow Online from $200 to $2,000! Swift Loans offers fast easy loans to help with your instant loan online. Apply now for quick cash loan and we’d love to help you.


Personal loan is an unsecured loan that is taken by borrowers from financial institutions and non banking financial company to meet their various personal needs. Certain things are put into consideration before personal loans are granted to borrowers. Some of these things include repayment capacity, credit and employment history, income level etc. Unlike car or home loan, a personal loan is an unsecured loan against any asset. Due to the fact that personal loans are unsecured as they do not demand collaterals, a lender cannot auction or take ownership of a borrower’s property when he fails to repay the loan. Personal loans are only backed on the promise to pay back by a borrower. However, a lender puts various things into consideration before granting personal loans to borrowers. Not paying back a loan is bad as it would reflect in one’s credit report. It could also cause problems when a person applies for other loans or credit cards in future.

What Purpose Is It Used For?

Personal loans are used for personal financial need and banks will not monitor the use of the loan. Personal loans can be used for meeting unforeseen emergencies, medical expenses, buying home appliances or gadgets, education of children, family vacation, marriage related expenses, renovation of the home etc. Personal loans are also used for investing in businesses, down payment of new house, fixing cars etc

Eligibility Criteria

The eligibility criteria vary from various banks to banks; however there are some general criteria such as place of residence, capacity to pay back the loan, income, occupation and age.

Personal Loans Australia

It is believed by people that applying for personal loans is a no go area, going by the fact that they are strict and they take time before they are granted. In most cases, people apply for personal loans for things that are ought to be attended to swiftly. Not doing so could lead to one experiencing a terrible loss in the end. However, it is the norm of most financial institutions to delay granting personal loans to borrowers. Based on the fact that the loan is unsecured, borrowers experience scrutiny that ends up taking all the time in the long run. Due to this and coupled with other factors, most people see as a bad idea to apply for personal loans. This should not be so and people can now apply for personal loans and get them swiftly via personal loans Australia

Personal loans Australia are granted by financial institutions in Australia. These financial institutions ensure that borrowers are granted personal loans with ease and at a fast rate. These institutions know the importance of getting loans on time as borrowers might have planned to attend to a very crucial and important issue. Time is not always on our side; a quick in time saves nine. People can bank on personal loans Australia to provide personal loans anytime, any day. They make loan acquisition very easy, convenient and comfortable.

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Swift Loans provides quick cash and personal loans online in Australia that can be deposited into your bank account in as little as one hour. Apply now for a fast loan!


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