There are a number of life situations that might require you to apply for a loan. Whether your car’s broken down, you’ve just lost your job, or you’re dealing with another type of urgent expense, you may need extra cash to cover the cost.
Starting from $100 to $1000 Cigno Loans offers a range of short-term cash loans to help people access funds quickly. Explore the different types of cash loans offered by Cigno Loans to see what your options are.
Urgent repairs, unexpectedly high bills and medical emergencies are just some of the reasons people apply for loans. No matter what cards life has dealt you, there are many types of payday loans to suit different circumstances.
As a responsible lender, we review every application, no matter your credit history to ensure your cash loan is suitable to your income and meets your specific needs, to help you get on with life.
It’s important to think about why you need a loan, and which one is right for you. You might struggle to choose between a low income, Centrelink or unemployment loan, for example. Or you might not know if your situation qualifies for an emergency loan.
When considering a payday cash loan, there are a few things you should look at beforehand to ensure you’re making the right choice for your financial situation, such as establishment fees, late payment fees, the length or the loan and your ability to repay. For more information on what to expect with Cigno Loans, checkout our Costs and How It Works page.
If you’d like to ask us a question or need a little help choosing a loan, please get in touch with our friendly team.
With a range of payday cash loans available, we make it quick and simple to apply for a Loan anytime, anywhere, with same day approvals.
In the period from July 2022 to 3 October 2023, over 100,000 consumers have been lent a total of $34 million, and charged fees of over $70 million, under the ‘No Upfront Charge Loan Model’ operated by BSF Solutions and Cigno Australia. At no time has either BSF Solutions or Cigno Australia held an Australian Credit Licence.
The Court also found that Mark Swanepoel (director of Cigno Australia) and Brenton James Harrison (director of BSF Solutions) were involved in these breaches of the law.
With effect from 24 May 2024, the Court has granted permanent injunctions preventing Cigno Australia and BSF Solutions from:
Cigno Australia was ordered by the Court to, by 5th July 2024, send written communications to consumers who between July 2022 and December 2022 entered into agreements with Cigno Australia and BSF Solutions under the ‘No Upfront Charge Loan Model’.
The Court will later determine whether (among other things) Cigno Australia and Mark Swanepoel ought to pay a pecuniary penalty in respect of this conduct, and whether Mark Swanepoel should be restrained from carrying on a business engaging in credit activity.
Cigno Australia, BSF Solutions, Mr Swanepoel and Mr Harrison intend to appeal the decision of the Court and have filed an application for leave to appeal. If the appeal is successful, some or all of the orders of the Federal Court of Australia may be set aside.
You can access legal advice in your state at: Free legal advice – Moneysmart.gov.au.
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