Loans Like Cingo

Cingo is one of Australia’s most prominent direct money loans, thanks to the high approval rate, short application process, and consideration of all applicants.

The problem with Cingo, however, is that the loans only range from $100 to $1,000. What if you need more than $1,000? Stick around to learn about some of the best Cingo alternatives. 

1. Perfect Payday

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There’s no beating Perfect Payday when it comes to acquiring direct money loans like teleloans without breaking a sweat. With Perfect Payday, you can apply for a loan amount ranging from $300 to $10,000. 

Perfect Payday loans come with a 12-month repayment term. Instalments can be made weekly, fortnightly, or monthly, depending on what works best for you. 

The application process is as simple as can be. You fill out a short application form that won’t take you more than a few minutes to complete. Thereafter, you wait for a response indicating whether or not your application has been approved.

Perfect Payday process applications quickly. They’re so fast that if your application is accepted before 3 PM on a working day, you should receive your funds within the same day. 

If your loan application is approved on a weekend or after 3 PM on a working day, you’ll receive your funds the next working day. 

To learn about the amount you’ll need to pay in instalments, head to Perfect Payday’s website, choose a loan amount, and you’ll see a weekly, fortnightly, and monthly estimate. 

2. CashnGo

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Second on our list is CashnGo, flaunting one of the simplest and most transparent applications. Virtually anyone with a regular income can apply for a CashnGo loan.

You can apply for a CashnGo loan online any day and time during the week, or you can visit one of their Self Service Kiosks, which happen to be conveniently located across Australia.

Once your application is approved, you’re likely to receive your funds within 30 minutes or less, depending on the time at which you’ve applied.  

What we love the most about CashnGo is their loan calculator because it does an excellent job of displaying the borrowed amount, associated fees, and total repayment. 

With CashnGo, you can apply for a small loan ranging from $300 to $2,000. Repayment terms are either over 2, 3, or 4 months. But before you do, you should how to check if a loan company is legitimate via licences.

Under current legislation, small direct money loans like wallet wizard ranging up to $2,000 aren’t associated with an APR (annual percentage rate). In other words, these loans are only fee-based. 

Expect to pay an establishment fee of 20% and a monthly fee of 4% on CashnGo loans. For example, you can compare loans Australia if you apply for a $1,000 loan over 3 months, the total amount you’ll need to repay would be $1,320 ($1,000 principal + $200 establishment fee + $120 monthly fee).

CashnGo’s application process is as fast and confidential as can be. You can learn more about CashnGo loans by visiting their website

3. Fundo

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Fundo is another excellent small loan provider, offering loans ranging from $300 to $2,000 over repayment terms ranging from 5 to 20 weeks. 

Fundo’s no-frills application process is one of the best we’ve seen. It’s straightforward and super easy. We also like how fast their funding is. Once your application is approved, the funds will be sent almost immediately. 

As with all small loans, Fundo loans are fee-based and don’t come with an annual percentage rate. Rather, they come with a 20% establishment fee and a 4% monthly fee. Refer to the cost calculation example in the preceding CashnGo review for more insight on loan cost. 

Note that in order to apply for a loan with Fundo, you have to create an account on their site. You’ll be using your phone number to log into your account.

One thing we don’t like about Fundo is the layout of their website. It’s a little bit cluttered, in our opinion, and the “apply now” button is literally everywhere. 

4. Nimble 

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When it comes to popularity, there’s no beating loan companies in Australia like Nimble. It may not be as fast as Perfect Payday or Fundo, but they’re definitely up there when it comes to versatility. 

How so? Well, Nimble offers small cash loans, medium cash loans, personal loans, and even car loans. How cool is that?

Small cash loans, as we already established, are the ones ranging from $300 to $2,000. With Nimble, such loans come with repayment terms ranging from 62 days to 9 months, depending on the amount, as well as a 20% establishment fee and a 4% monthly fee. 

Medium cash loans are the ones ranging from $2,050 to $5,000, and they’re accompanied by loan terms ranging from 62 days to 22 months. Nimble’s medium loans are associated with a $400 establishment fee and a 47.62% APR. 

As far as personal loans, these are the ones ranging from $5,000 to $25,000. They come with an establishment fee ranging from $195 to $250 and an annual percentage rate ranging from 8.99% to 29.99%. Repayment terms for Nimble’s personal loans range from 6 to 48 months. 

Lastly, Nimble’s car loans range from $5,000 to $50,000, with a $195-$495 establishment fee, 6.99-27.99% APR, and term duration of 6-84 months. 

To apply for a loan from Nimble, you must not be receiving more than 50% of your salary from Centrelink. 

The application process is quick and easy, but we’re not quite fond of how cluttered Nimble’s website is. There’s just too much going on and too much to read. 

5. Nifty

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Nifty is yet another reliable loan provider that flaunts a smart and quick application process that can be carried out to completion within mere minutes. 

Nifty has made quite a name of itself being one of the fastest loan providers out there. In fact, 70% of Nifty’s users receive their funds almost instantly after approval. 

If you don’t receive your funds within seconds of approval, you’re most likely to receive it within 60 minutes during normal business hours.

With Nifty, you can borrow anywhere from $300 to $10,000. Please note that loans over $5,000 are secured, meaning they require some type of collateral. Nifty suggests employing your car for security. 

Nifty’s repayments terms range from 6 to 12 months, and instalments can be paid on a weekly, fortnightly, or monthly basis. 

Unlike Nimble and Fundo, Nifty’s website is very well-organised and isn’t cluttered at all. You won’t find it hard to get exactly what you’re looking for on Nifty’s site. 

6. Cash Train

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The final Cingo alternative on our list is Cash Train. It’s not as popular as some of the other loan providers on the list, but it’s just as reliable. 

Cash Train offers cash loans up to $2,000 and personal loans up to $10,000. Cash Train’s fund processing is extremely fast, and they consider all purposes. Moreover, they consider Centrelink users and borrowers with bad credit. 

The eligibility terms of applying for a Cash Train loan are not exhaustive at all. You just need to be over the age of 18 and a permanent resident of Australia. 

You can apply for a Cash Train loan online via a short application form that doesn’t take more than a few minutes to complete or visit one of their local branches for an in-person application.

Cash Train’s repayment terms range from 3 to 12 months for fast cash loans, and from 3 to 24 months with personal loans. Visit Cash Train’s website to learn more about their services.

Final Thoughts

There are plenty of other loans like Cingo that you can apply for, but we assure you that the ones listed in this article are at the top of the heap. 

If you’re going to deal with a loan provider that isn’t mentioned in this article, make sure they’re listed with the Australian Securities and Investments Commission to avoid any scams.

About the Author

Lucy has over a decade of experience in finance. She is currently the content curator here at Perfect Payday.

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