Instant small loans online – tips, safeguards and benefits
It’s a fact of life: at some point, many people need help with their finances. A whole stack of factors could add up and throw a spanner into your bank balance, credit history or overall financial position. Many people and families need to raise cash quickly to cover urgent bills and expenses. Some people are wary of online instant small loans, as they feel that their information is not secure. Others are frightened they could be “scammed” in fly-by-night website schemes that are there one minute and gone the next. Here are some tips to help you tell which sites are secure, and a list of benefits that you get from obtaining instant small loans online.
If you’re in Australia, trust an Australian website
There are many ways of making sure a website is accountable online when you’re in Australia. Only businesses based in and/or have operations in Australia may buy .com.au or .net.au domain names.
These are overseen by the .au Domain Administration, which have many rules and regulations around who can and can’t buy certain types of names. A business must have an ABN at the very least to own a .com.au or .net.au domain, and they must give their true and proper information when buying one. Not only that, but the domain name has to be connected in some way to the content of the website or business name. This means if the website disappears, the domain owner can be found with minimum of effort to be prosecuted swiftly.
Not only that, every provider of credit must obtain an Australian credit licence from the Australian Securities and Investment Commission. Websites usually put this number front and centre to reassure customers they are accountable, responsible and compliant with all the relevant legislation.
You can tell if it’s secure
There are a couple of sure-fire ways to tell the site you’re browsing is secure. On most browsers (Internet Explorer, Google Chrome or Mozilla Firefox) a small padlock icon is displayed when you connect to a secure server. Servers such as the one Smallloans.com.au use to collect borrower personal information are equipped with 256-bit security. This is a military grade encryption that would take a hacker 331 followed by 59 zero years to crack, and wouldn’t occur in a million lifetimes.
Another easy way to rest assured you are connected to a secure server is looking for “https://” in the URL (web address.) HTTPS stands for Hyper Text Transfer Protocol Security, and is an easy way to tell if your instant small loans site is processing your information securely.
It helps you out quicker than bricks and mortar
Applying for an instant small loan online means things really are instant. Where you would have to physically be present at an instant cash dealer or small loan lender with all your paperwork and other points of identification, an instant small loan lender online uses many electronic data points to figure out your eligibility and process your loan. Using wire transfers means the money is in your bank account within 24 hours and in some cases, even quicker than that.
All the benefits and none of the drawbacks
Applying for instant small loans online has all of the benefits and more of traditional bricks and mortar small loan lenders. Online technology has advanced quickly and businesses are finding new ways of helping people find the cheapest and quickest small loans online. If you’re looking for a secure and instant small loan online, Smallloans.com.au can help you.