Borrowers of instant cash loans in Australia who have a bad credit record or report need to know that they can still apply for these types of loans but they must expect to pay a higher interest rate on their loans as a result of their poor credit record. This means that if a borrower needs say three hundred dollars, their chosen lender, after checking the status of their credit record and finding it to be a poor record, will probably apply an interest rate of thirty eight dollars for every one hundred dollars granted instead of say thirty dollars for every one hundred dollars needed by a borrower who has a good credit record. This means that the person with the bad credit record would have to pay back four hundred and fourteen dollars one to three weeks after the loan was granted.

Borrowers of instant cash loans in Australia need to know that the four hundred and fourteen dollars owed by will not be the final amount that the borrower owes their lender. There are still other loan processing fees and charges that will add to the initial three hundred dollars requested and the bank will also take its processing fee when the lender deposits the money into the borrower's nominated banking account. In order to clear the three hundred dollars that the individual needs in order to pay their way out of the unexpected financial emergency that has befallen them, the borrower will probably need to apply for a loan of four hundred and fifty to five hundred dollars.

Borrowers of instant cash loans in Australia can calculate the exact amount to borrow online, which includes the interest rate and all the loan lenders fees and charges as well as all the related banking charges, by using the loan calculator that should be available to the borrower on the lenders homepage of their website. If the person needing the money is still unsure or unable to calculate the exact amount that they need to lend, then they need to contact their chosen online or €on the ground' lender and request that the lender calculates the correct amount that the person should borrow in order to be left with the exact amount of money to pay for their unexpected and unbudgeted financial emergency. This step of calculating exactly how much an individual needs to lend and can afford to pay the money back is critical to the financial well being of the borrower.