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Moneyspot loans: How to quickly borrow an instant loan between $200 to $5000 with this app in Australia in 2022

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Introduction

With the digitalization of the financial system, you can get an instant loan easily with a mobile app in some few minutes.

And we will say thank you to Technology.

We can now borrow any amount of money easily and  faster with the available mobile loan apps around the world.

With these mobile loan apps, to there’s no geographical restrictions, it does not involve paperwork and also they show transparency.

And in today’s article, I digest one of the best Mobile Loan platforms called Money spot in Australia that allows Australia citizens to borrow an amount of money between $200 to $5000 within a short period of time to sort out the emergency financial issues they facing.

Moneyspot loans Product

Moneyspot loan

Moneyspot allows customers to get a new of $200 up to $5000 .

Moneyspot loan Tenure?

A borrower has 90 days as maximum to repay  a loan.

Moneyspot loan interest rate

The annual percentage rate ( APR) of Moneyspot loan is 48%

establishmentfee of 20%.

Monthly fee of 4%.

Loan Example:

A medium amount loan is a loan over $2000 and a minimum duration of 42 days. Fees include a $400 establishment fee, an Annual Percentage Rate (APR) of 48%, and a Comparison Rate* of 65.4962%.

A loan of $3000 over a 3 month period would have an establishment fee of $400 and interest charges of $275.60. The total repayable is therefore: $3000+$400+$275.60=$3675.60. Your monthly repayment amount is therefore $1,225.20.

Remember, thehe comparison rate is based on a $2,500 loan over a term of 2 years with a $400 establishment fee and weekly repayments. MoneySpot does not offer loans for $2,500 over a term of 2 years.

Loan Eligibility requirements

You can borrow from Moneyspot loans when fall within the following criteria

  1. Citizens of Australia
  2. Employed worker government or non-government who has a monthly source of income.
  3. You should be 18 and above before you can apply

CMoneyspot loans contact info and working hours

Loan Funding: Monday – Sunday 8am to 8pm
Email Support: Monday – Sunday 8am to 5pm
Telephone Support: Monday – Saturday 8:30am to 5pm

OR

Moneyspot Office

PO Box 1006, Strawberry Hills, NSW 2012, Australia

Call them from 8:30am – 5pm Monday to Saturday

How to apply for Moneyspot loan

Click Here to apply http://www.moneyspot.com.au

 

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Written by Dannorsimon

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