Unsecured Loans

In need of cash now? Let Cigno help you find a solution.

What Is an Unsecured Loan?

If you’ve got unexpected bills or you’re a little short on your regular expenses, an unsecured cash loan can help you get by until payday comes around.

An unsecured personal loan is an amount of money lent without any asset put up as collateral. Whereas a secured loan uses a possession (such as a house or vehicle) as a safety net for the lender, an unsecured loan does not require this. Simply fill out our enquiry form and gain access to a panel of potential providers who may be able to assist you.

Unsecured Loan Repayments

It is important with all loans that you make sure you can afford the repayments before entering into any agreement. If you cannot, you should consider other options. Cigno specialises at finding a suitable solution to meet your needs, whether that be a loan option or another financial solution.

The Benefits of an Unsecured Loan

Typically, an unsecured loan is easier to get compared to a secured loan and can be applied for even if you do not have any collateral. There are also circumstances where you may prefer an unsecured loan because there is no risk to any asset that is if the unexpected occurs and you end up in default. Unsecured loans are also often more flexible when it comes to repayment periods.

Find a Provider for an Unsecured Loan Solution Today.


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