Cigno – loan
Online loans up to $1 000
Loan amount
$100 – $1,000
Interest from
12.00%
Term
1 – 12 months
Approval
24 hours
Applying does not commit you to a contract.
Properties of this loan
- Online loans up to $1 000
- Term 1 - 12 months
Cigno is an Australian short-term lending and loan-management service associated with small amount credit arrangements, historically operating fee-based lending models that have drawn regulatory scrutiny from ASIC over the structure of fees charged on small loans.
Borrowers considering Cigno or similar short-term credit should carefully read all fee disclosures, as fee-based small loan structures can end up costing significantly more than the loan face value if not repaid on schedule.
✓ Pros
- Fast access to very small loan amounts
- Online application available
- May be accessible to borrowers who don't qualify for mainstream credit
✗ Cons
- Fee structures for this type of lender have faced regulatory scrutiny in Australia — read all fee disclosures carefully
- High cost relative to the loan amount
- Not suitable as a regular or long-term borrowing solution
How to apply
- Easy application
- Fast approval
- Receive cash
Loan requirements
- ✓ 18 years or older
- ✓ Australian citizen or permanent resident
- ✓ Regular income (including some government benefits, depending on the lender's policy)
- ✓ Active Australian bank account, usually for a minimum period
- ✓ Not currently in a debt agreement or bankruptcy
Frequently asked questions
24 hours
The minimum loan amount at Cigno is $100.
About Cigno Pty Ltd
| Company | Cigno Pty Ltd |
|---|---|
| Address | Southport QLD 4215, Austrálie |
| Website | https://cignoloans.com.au |