Purple Payday uses innovative technology to help you find a short-term loan that is suitable for your personal circumstances. We are proud to have built strong relationships with some of the most reputable lenders in Australia. By using award winning technology; you can access our panel of trusted lenders through one online application, which is safe and secure to use. There is no need to search through limitless lender websites; making getting a loan using Purple Payday a hassle-free process!
At Purple, we use award winning technology to search a wide range of lenders in a matter of seconds. Why apply directly with lenders, filling out numerous forms, when one application through Purple does all the hard work for you?
At Purple Payday we pride ourselves on having strong relationships with some of the largest lenders in Australia. With Purple Payday you have access to a vast range of providers, ranging from payday loan specialists for those unavoidable emergencies we all face; to instalment lenders who can provide larger sums of money for things like car repairs or home improvements. Our process is 100% online, with no-obligations. Purple Payday can help to find you the loan most suited to your circumstances, with access to an entire market of lenders and providers.
With our simple and secure online application, it is now even easier to access the quick cash you need, and you could have your money the very same day!
In short, a payday loan is a cash loan that is taken over a small period of time, typically anywhere from a month to 45 days. The loan is generally paid back around the same time you are paid by your employer. Our service does not carry out any credit checks but if you get approved for a loan, a lender may go on to perform additional credit checks for your loan and to assess your ability to repay.
Purple Payday processes loan applications from all states within Australia and the application time only takes a couple of minutes.
Applying for a loan is a straightforward process. All you need to do is fill out our application form and we’ll do the rest. Using award-winning technology, we can very quickly search our panel of lenders and in real time then, return you a loan decision on whether you have been approved or not. If you are approved for a loan, we will then forward you directly to the lender. Unlike a bank, technology allows us to find you a payday loan in real time that and in principle, a lender that would potentially lend to you.
However, there are more things to consider. If you are approved for a loan, the lender will more than likely have to perform further checks based on the information you have submitted on the application form. In turn, they will also require a copy of your bank statement to substantiate your income and expenditure. The team at Purple Payday have worked to simplify this process for you, upon submitting your loan application, you will be prompted to whether you want to upload a recent copy of your bank statement. By doing so will mean the lender can potentially make a faster lending decision.No Credit Check Loans, Do they actually exist?
The loan matching technology that sits behind Purple Payday does not carry out any credit checks or soft searches. Our services work’s in the background to match your loan application with a lender – without performing any credit checks. Generally, this process does not take any longer than a couple of minutes.
Do no credit checks loans really exist? The short answer is no. If we successfully match your loan application to a lender, then that lender will go on and perform additional credit checks and assess your ability to repay the loan. No matter the lender, all have to comply with the responsible lending conduct policy detailed within the national consumer credit protection act. This means, every lender we work with will at some stage during your application perform a credit checkLate Payment
If you are struggling to make repayments you must contact your lender directly to discuss payment options. You are likely to incur a late payment fee, however this amount will vary from lender to lender. This information will be made clear to you in your loan agreement with the lender.Renewal Policy
If you decide that you would like to renew your loan, you should speak to your lender prior to the repayment date. It is likely that the lender will charge the same interest rate and fees on the amount owed. Similarly, an automatic loan extension could be implemented as a result of non-payment, which could incur extra fees and charges onto your account.