Depending on your needs as well as your repayment capability, you are allowed to borrow cash in between $300 to $2,000. You will have to make repayment within 9 to 12 weeks. An establishment fee of 20% and a monthly fee of 4% on the principal amount will be charged on these loans by the lenders. These fee charges are fixed by the Australian government. It is recommended to borrow an amount not more than you earn. By doing so, you will be able to save yourself from putting into deeper debts. No interest will be charged on these loans but still the higher fees attached with the loan will make an expensive financial offer for the salaried individuals of Australia. Just be sure about taking repayment of the loan responsibly and seriously.
The offered loan amount can be freely spent to cover any unavoidable expenses. No restriction is put on the usage of approved cash by the lenders. This means any sort of emergencies right from paying off utility bills, sudden unpredicted medical aid, small travel expense to sudden car breakdown expense, small home repair charges and paying off the house rental due can now be easily settled with these loans.