Sometimes expenses and purchases cannot always wait until your next payday. When life throws you a curveball that you cannot afford right now, a Short Term loan could be the answer. Short Term loans provide temporary solutions for immediate costs, allowing you to cover urgent expenses now and pay back the money when you have got the funds to do so.
Sometimes waiting days (or even weeks) for a loan just is not good enough. Through Cigno, our solutions can result in a clear cash in your account within hours.
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.
As part of the application process, you will have the opportunity to choose a repayment schedule that is affordable and corresponds with your payday. It is important that you choose the repayment schedule that you can afford while still being able to pay your ongoing everyday expenses. If not, then you should consider other options.
It’s convenient, fast and easy!
Typically, we will only require your personal details such as your address and contact details and your recent 90-day bank statement. If on the rare occasion we need further information is required, we will let know and work with you to get the application submitted as quickly as possible and we’ll only ask you for the specific information we need to find you a suitable solution.
When you make your application, we will provide you with all the relevant information regarding the fees involved and any lender costs. You can also read about these in advance on our Costs page.
Typically, we will only require your personal details such as your address and contact details and your recent 90-day bank statement. If on the rare occasion we need further information is required, we will let know and work with you to get the application submitted as quickly as possible and we’ll only ask you for the specific information we need to find you a suitable solution.
When you make your application, we will provide you with all the relevant information regarding the fees involved and any lender costs. You can also read about these in advance on our Costs page.
As part of the application process, you will have the opportunity to choose a repayment schedule that is affordable and corresponds with your payday. It is important that you choose the repayment schedule that you can afford while still being able to pay your ongoing everyday expenses. If not, then you should consider other options.
Cigno acts as your agent to lodge applications with lenders who consider your credit history as history and will consider short term loans for those with bad credit.
A short-term loan is usually paid off within 4-8 weeks, depending on what is best for you.
Every type of loan can affect your credit score in some way and by not paying your repayments on time, it can be affected negatively.
Yes, Cigno loans will always forward your short term loan application to lenders who provide loans with no credit checks.
For more information, check out our FAQ’s.
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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