Rating based on 1,185 reviews
About OK Money
With a simple landing page well laid out to aid a speedy gathering of information and subsequent application, OK Money has emerged as a prominent player in fast loans.
Less focused on their online presence and capably focused on giving all of the facts visibly & upfront, OK Money has a pleasingly simple online presence that ties in well to their land-based operations.
A 3 step application
Focusing on a simple 3 step application, OK Money has in many ways found the sweet spot of just enough image to reassure, coupled with both necessary information and logical, immediate application.
Boasting a network of land-based outlets, OK Money presents the options on a payday loan as a genuine choice. Walking into a branch, calling in or applying online all carry the same care, while typically its peers are frequently biased towards either online or branch customers.
A simple online platform
Their site navigates wonderfully and it’s hard to imagine a more simple process. The layout is so capably rendered that any prospective client has all of the information they need, including costs, right on the home page. This does mean that most of their customers apply online for a personal micro-loan.
What OK Money can offer you
OK Money offers loans for any number of reasons from $100 up to $2000 in their short term loans category.
Who can get a loan
Previously bankrupt individuals are not prejudiced at OK Money, nor are the self-employed or intermittently employed.
The greatest volume of their snappy loans goes to employees with accompanying payroll deductions or debits as the simplest method of repayment. Nonetheless, everyone gets a fair shake at eligibility.
A fair approach to approvals
An applicant’s quick loan request is weighed on the reasons for the loan and the ability to repay. OK Money has adopted a far broader reach from the start and is not given to the more usual niche slant of “employees only” in this market.
Terms and conditions
OK Money accepts debits and cash deposits by way of repayment. The minimum repayment term is 16 days and the maximum 3 months, although this can be negotiated. Very welcome is their additional offer to accept repayment from the settlement of insurance claims or other documented processes such as deceased estates.
A client merely supplies the documentation proving imminent payment and OK Money will advance a small loan on that basis.
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In a Nutshell
- Average processing time 1 hour
- Online application
- In-store application
- Unsecured loan option
- Bad credit consideration
- Early repayment
Do you need cash fast? Apply for a quick cash loan with OK Money
One of the best things about OK Money that has endeared them to Australian citizens is their ability to speak to the entire population - employed, self-employed and unemployed.
With no penalties for early settlement and a very welcoming approach to all and sundry, OK Money applicants are generally spared the angst sometimes associated with an online loan application.
Most usually felt by the self-employed and unemployed, this is notably absent from their business model and a feather in their cap.
Speedy service online or in-store
Possibly the only benefit to applying for a fast cash loan in-store is that a consultant can usually give a client an indication of success right there and then, although all loans are vetted by Head Office.
A fast turnaround time
Turnaround time on an application is brisk and most clients have the money in their account the following business day.
OK Money is a great option for any Australian 18 or older who needs a snippet of cash in a hurry.
Can I apply for two loans at the same time?
There is nothing wrong with applying for two quick cash loans at the same time. The only important aspect you should keep in mind as the customer is ensuring that you maintain your payment. Failure to pay your loan payment on time or skipping your credit plan will not only cause you financial difficulties, but it may also become harder to apply for a loan in the near future.
Seeing that you may never know when you will need a credit plan, in the long run, you have to always ensure that your credit is in good standing. OK Money can’t assist a customer that struggles to pay the current loans they have.
As much as we want to help our clients, they need to help themselves too by ensuring that they always maintain frequent and constant payments.
Will my information be viewed by third parties?
Everything that we do with our customers is strictly confidential and will not be shared by any external parties. This means all your information will be kept on our database for record purposes. It makes the loan application slightly easier when you want to apply for credit in the future again.
Eligibility & Requirements
- Earning a stable income
- Credit check
- Bank statements
Other Products & Services
- Settlement Loans
- Business Loans
- Secured Medium Loans
- Unsecured Small Loans