Can I Get Fast Cash Loans With Bad Credit?

In this blog post you will learn everything there is to know about obtaining a fast cash loan with bad credit. Before we delve into the fine print, let us take a look at the obvious questions first.

Why Do I Need A Fast Cash Loan?

Emergencies are beyond our control. We don’t know when our car will finally break down, when a storm will pass over and damage your roof, or when a medical emergency arises. What we do know, is that everything in life costs money, money that we don’t always have. Cigno offers fast cash loans for this very reason, because every now and then, we all need a helping hand. In instances including the medical or storm damage emergencies, you can’t always wait for your next payday. You may need immediate medical attention, and you may want to have the hole in your roof fixed before the rain comes.

We are here to help in your time of need. If you don’t have the available funds to cover events including appliance replacement, or doctor and hospital visits, Cigno may be able to provide financial relief. You can apply for a fast cash loan in a few simple and convenient steps, right here. Our team is dedicated to helping you climb out of your financial bind in the most stress-free way imaginable. Cigno aims to have the funds cleared in your account within hours of approval.

Arranging a loan application through traditional banking methods can be a time-costly process with face-to-face interviews and endless stacks of paperwork. And if you are in an emergency situation, you simply don’t have the time. That is why we have streamlined the application process as much as possible, to give you the funds you need, when you need them.

Good or bad credit, all you need to do is jump online and fill out the quick and easy application form. This can be done on the desktop computer at home, or on your tablet or mobile while you are out and about. Send us your bank statement and you are good to go. Your information is always reviewed quickly so we can hopefully approve and send you your fast cash loan as soon as possible. You can learn more about the process here.

What Is A Fast Cash Loan?

When you apply for various types of loans, you can expect to wait a fairly long time to receive approval. This can be anywhere between a few days and a few weeks. The other important thing to consider is that most financial institutions only operate during Monday to Friday, and during regular business hours.

As mentioned above, when disaster strikes at the least opportune time (outside of business hours; on the weekend), what are you supposed to do? That is why fast cash loans exist. When you need money, you can apply for a fast cash loan and once approved, receive the funds in your bank account within hours. In a nutshell, a fast cash loan is exactly what it sounds like. . . a cash loan, delivered fast.

Can I Still Get a Payday Loan If I Have a Bad Credit Score?

Yes, you can still get a payday loan on bad credit. You may not know where to look first, but it’s very important to do your research and find the right one that suits your financial situation. These are the things you should consider:

  • Do some research. Make sure your specialist lender has a good reputation and dependability because they can access your bank account details and other personal information. Visit and go through the lender’s website to learn about the terms and policies. Make sure to enquire about the important details and fine prints.
  • Rates and fees. Expect that higher interest rates and fees are included in loans with faster access to funds and customised features from non-traditional lenders. They can charge up to 24% (monthly fee) of the principal loan amount for a loan less than $2,000, as monitored by The Australian Securities and Investments Commission (ASIC).
  • Loan extensions. Some lenders can extend your loan term and it may come with extra fees. Avoid any extensions if you want to pay off your loan quickly. Enquire about hidden and other extra fees in your loan terms and make sure to know what happens in the event of a default.
  • Turnaround time. It is better to choose a lender that can make fast decisions and transfer the funds directly to your account within a day. Cigno Loans offers financial products which won’t make you wait for days or weeks.

Cigno Loans is more understanding of your needs and circumstances and we can help you with your payday loan requirements even on bad credit. Take the step by simply completing the online application form. Apply now!

Disclaimer: Please be aware that Cigno Loans’ articles do not replace advice from an accountant or financial advisor. All information provided is intended to be used as a guide only, as it does not take into account your personal financial situation or needs. If you require assistance, it is recommended that you consult a licensed financial or tax advisor.


Ordered by the Federal Court of Australia

The Federal Court of Australia has found that Cigno Australia Pty Ltd (Cigno Australia) and BSF Solutions Pty Ltd (BSF Solutions) have breached the law by engaging in unlicensed credit activity and charging prohibited fees.

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:

  • demanding, receiving or accepting fees or charges, including amounts of loan principal, from consumers in relation to credit provided under the ‘No Upfront Charge Model’; and
  • engaging in further credit activity pursuant to the ‘No Upfront Charge Loan Model’, including by entering into new agreements with consumers, for so long as they do not hold an Australian Credit Licence.

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.

Where can you get more information?

Where to go for further support

You can access legal advice in your state at: Free legal advice –

If you are experiencing trouble with debt, or money worries in general, contact:

  • the National Debt Helpline on 1800 007 007 or online chat (9:30am to 4.30pm, Monday to Friday).

If you need someone to talk to, contact:

  • Lifeline on 13 11 14 (24 hours) or their crisis support online chat or
  • Beyond Blue on 1300 22 46 36 (24 hours) or their webchat