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Small Amount Loans

Want to borrow $2,000 or less?

MoneySmart provide some sage advice on small loans.

Need money in a hurry? You may be tempted to take out a small amount loan (sometimes known as a 'payday loan' or 'cash loan').

Check all your options first because the fees and charges on small amount loans can be higher than other types of credit - there may be cheaper alternatives.

See full page here.

Reproduced with permission of ASIC.

Source: ASIC's MoneySmart websitemoneysmart.gov.au, 30 March 2011.