For people who are thinking about apply for instant cash loans in Australia so that they can be granted the loan and receive the respective loaned money to pay for an unexpected and unplanned sudden financial emergency, eventual borrowers of these grants need to be informed that it is best for them to apply for a secured instant cash loan. What is a secured instant cash loan. A secured loan, of any type, is when the borrower places a security or guarantee, of some type against their loan application, to prove to their lender that they will be able to pay back the borrowed amount. The total borrowed amount would include the interest rate, fees and all related grant charges added to the loan. The guarantee for the repayment of this is total borrowed amount, back to the borrower's lender in full and on time as legally contracted, is detailed during the application process by the borrower.

There are many different types of guarantees or securities that borrowers of instant cash loans in Australia can provide for their selected lenders. The best type of security or guarantee that the borrower can put up as security against their grant is the value of their property or their property equity. The total sum of money that can be borrowed against a secured instant cash loan, the size of which is directly dependent on the available equity of the borrower's property, will be a great deal larger than what can be sent to the borrower if the borrower only applies for an unsecured instant cash loan. This is an important financial fact that most borrowers of these type of grants are not aware of. If the borrower doesn't pay back their grant as agreed then the lender has the legal right to withdraw the total bororwed amount of money from the borrower's property equity.

Also, as a result of secured instant cash loans in Australia being taken or paid back over a longer repayment term, the size of the regular monthly instalments that the borrower will have to make in order to repay the loan, will be much lower than those needed to pay off an unsecured short term type of cashgrant. Therefore the secured loan option will be far more affordable for the borrower to cope with and the borrower will therefore be less likely to default on their repayments of their secured grant than they would if they had been granted an unsecured grant. An unsecured grant of any sort is obviously where the borrower does not put up any guarantee when they apply for their loan. Therefore the lender has to take a greater financial risk when granting an unsecured loan and hence the higher interest rate attached and higher related loan administrative fees and charges.