Whether you are a student, working part time or on Centrelink, if you find yourself short on cash and in need of a quick cash loan, Cigno can find a suitable solution.
We employ a simple 3 step process to find a cash solution for you when you need it most.
Simply fill out our enquiry form and gain access to a panel of potential providers who may be able to assist you with a suitable finance solution.
At Cigno, we act as your agent to assist you in applying for a low income loan for your specific situation. There are a variety of reasons for low income earners to apply for a quick cash loan, whether you’re receiving regular Centrelink payments or a struggling student, we will help you to find a short-term solution.
Loans for students are available to Australian citizens and permanent humanitarian Visa holders to help you out with tuition fees, student services, amenities fees, overseas study expenses, stationery and textbooks.
If you need a little support between your Centrelink payments, a small cash loan may be able to help.
From single-income households to emerging entrepreneurs, a little extra cash from a Small Personal Loan can be the steppingstone towards a brighter financial future, rather than waiting for a bank.
Some financial institutions make it difficult to apply for loan if you are on a pension, it can be frustrating to find a lender who is willing to help, but with Cigno we can help find a solution for you.
We believe that everyone should have access to a financial solution regardless of past credit history.
We use our vast experience in the finance industry to find a solution for everyone, No matter what circumstances we will do our best to help.
Our quick and easy process makes it easy to sort your finances with a solution to suit your situation and get back on with your life.
Cigno maintains a 24/7 online platform so we can help you find a solution that suits your needs anytime!
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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