Staying safe and helping each other through COVID has become a focus for us all right now, and safety means our well being – physically, mentally, and financially.
We all need to focus on what matters in our lives and keep things as simple as possible – as there has been a lot of change for us all to get used to.
One of the most important things for us to do though is keep those necessities going – the little things in our lives that we see as essential to our well being.
That’s where a small loan can help, and with social distancing, and the temporary closure of many face-to-face businesses, it’s helpful to know that the application can be completed 100% online.
Unlike large loans say for houses or cars, a small loan is designed to help with life’s necessities. For some of us, those necessities are yoga classes which we can do online, and for others of us, it might mean purchasing a breadmaker so we can make gluten-free baked goods and be self-sufficient at home.
Whatever your situation, we are all in this together, and we all need to focus on what matters most to us and the people we care about.
Whether it’s realising that you now need to purchase a laptop or a tablet so the kids can keep learning from home, or being able to pay a higher than usual utility bill because you are housebound, a small loan may help relieve the pressures we are experiencing right now.
Rates have been officially frozen in Australia by the RBA, so there are no more increases to come while we take measures to look after our health, and plan for life during and after COVID.
If you are looking for a small loan to help, here are a few tips on what to look for online:
1. Is the process simple?
When situations are stressful, and we are all experiencing a lot of change both socially and financially with COVID, you want to keep any processes simple. Look for a small loan online that is straightforward, and that is easy for you to complete. Expect to answer a few simple questions, so look for online applications that can be completed in a relatively short time frame (less than an hour).
2. Are the repayment terms clear?
You want to make sure that you can manage your repayment cycle, and that there are no hidden fees with any small loan. Look for how you access the money, what the interest rate is, and whether you have a short repayment term like three months, or a long repayment term. It can be easy to understand repayment amounts if the loan company has an online tool.
3. Does it fit with your pay cycle?
Be sure that you can fit the repayment with your pay cycle. This can make it easier for you to manage, as you will know when the money will come out of your account.
4. Can you speak to a customer service team easily?
You want to be able to contact a customer service representative of the company when you need them. Check for their operating hours, and whether you will be able to speak with them, email them or phone them.
5. What are other customers saying about the small loans?
Look at what other customers are saying. This will help verify that the online application is as easy as the loan company says it is.
If you are looking for a small loans, remember that simplicity is key.
Look for a small loan that can help you cover the essentials for your family when finances are a little stretched in the short term. It might just be the positive difference you all need in your life to keep you focused on what matters most – the health and safety of your family.