Secure fast and convenient small loan funds by applying through Savvy, presenting an efficient alternative to loans similar to Cigno Loans.
Fact checked
Fact checked
Loans similar to those on offer through Cigno Loans have become a notable choice for Australians seeking quick funds. However, it's essential to recognise the importance of exploring other alternatives, which is why Savvy is here to help you out. We can assist you in understanding loans similar to the ones you may get through Cigno, allowing you to compare them with the simplicity of applying for a fast loan through us today!
Cigno Loans is an online loan broker which specialises in providing small loans through its network to offer rapid and straightforward access to funds. These loans range from as little as $500 up to as much as $10,000, meaning you as a borrower will have access to SACC loans (up to $2,000), MACC loans ($2,001 to $5,000) and standard personal loans ($5,001 to $10,000). However, the actual borrowing limit set for you is dependent on factors like income, financial history, and outstanding debts, as well as which lender you choose to go with.
The application process is streamlined for efficiency, potentially resulting in same-day approval, and funds may be accessible within the hour. Borrowers benefit from flexibility in choosing repayment terms, which may range from as little as 16 days for SACC loans up to as much as one year (SACC) or two years (MACC).
In the case of loans similar to those offered through Cigno Loans, the fee structure and interest rates are contingent on the chosen loan amount. Loans up to $2,000 come with an initial establishment fee, which may go up to 20% of the loan amount, and ongoing monthly fees, potentially reaching 4% of the loan. Loans falling within the range of $2,001 to $5,000, have a capped establishment fee of $400 and an annual interest rate that might reach up to 48% p.a. However, personal loans of $5,000 or more come without restrictions on fees and interest, so the amount you’re charged will depend on the lender you connect with and your borrowing profile.
Understanding the implications of these fees is vital for assessing the overall cost of your loan. For instance, borrowing $500 and repaying it over four fortnights could result in total fees of $140, while opting for a $2,000 loan extended over 13 fortnights would incur increased fees, totalling $880. On the other hand, a $3,000 loan paid fortnightly over 12 months may result in costs adding up to $1,432.
If you're seeking an uncomplicated and accessible alternative to loans similar to Cigno Loans, consider exploring small loans through Savvy. Our platform can connect you with reputable lenders offering fast cash loans ranging from $2,050 to $5,000. The application process is straightforward, with the entire form able to be completed on your phone or computer.
Upon submission, you can expect an instant outcome in just 60 seconds. If that outcome is a conditional approval, formal approval may not be far behind if you tick all your lender’s boxes, and funds may be disbursed within as little as one hour (depending on your lender and bank's processing times). Take the first step with us today and get the cash you need fast!
No matter the time of day or week, you can complete your small loan application with us online.
You can receive an outcome in 60 seconds and, if successful, have your money sent in just one hour.
We're partnered with reputable Australian lenders to bring you greater peace of mind when applying for your small loan.
Disclaimer:
The information on this website is of general nature and does not take into consideration your objectives, financial situation or needs.
For loans between $2,050 and $5,000, the APR is between 21.24% (minimum) and 48% (maximum) per annum. Comparison rate of 65.4962%. Minimum term is 16 days and maximum term is 24 months. The cost of the loan is a $400 establishment fee and monthly interest charged on the amount borrowed. For example, a loan of $3,000 over 3 months with an APR of 48%, (comparison rate of 65.4962%), will have an establishment fee of $400, monthly repayments of $1,225.20. Total repayments of $3,675.60 and total interest payment of $275.60.
Warning: A comparison rate indicates the true cost of a loan. Comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
