Great for short term loan
Great for short term loan
Cigno Loans is an Australian financial services company that specializes in connecting consumers with a network of lenders for quick and fast loans. The company offers a range of financial solutions, including payday loans, bad credit loans, and loans tailored for individuals receiving Centrelink payments or pensions. By simplifying the application process, Cigno Loans aims to provide customers with access to funds quickly, with loan amounts reaching up to $75,000 depending on eligibility. Cigno Loans targets a diverse clientele, including those in urgent need of cash for unexpected expenses, individuals with less-than-perfect credit histories, and pensioners facing financial challenges. The company emphasizes a straightforward application process that connects users with potential lenders efficiently, facilitating timely financial assistance when needed. For more information, consumers can visit their website at www.cignoloans.com.au.
Cigno Loans receives a mix of feedback from customers, with a notable portion expressing dissatisfaction. Many reviewers criticize the company for high interest rates and excessive fees, with some reporting that they ended up repaying significantly more than the original loan amount.
Complaints about the company's practices include allegations of illegal lending and poor customer service, with several individuals claiming they have not received timely responses to their inquiries. On the positive side, some customers appreciate the ease of obtaining loans and commend the service provided during challenging times, such as the COVID-19 pandemic. They note that Cigno has been helpful and understanding when they needed financial assistance.
Summary generated with AI from recent reviews
Each source counts by its number of reviews. Only reviews written by people are scored.
| Source | Rating | Reviews | Weight | 6-mo | Fake risk |
|---|---|---|---|---|---|
Trustpilot Imported Trustpilot reviews | 3.3 | 60 | 100% | ● Low |
Monthly average rating from reviews written by people · latest review Oct 2024.
| Month | Average | Reviews |
|---|---|---|
| Nov 23 | 3.0 | 2 |
| Dec 23 | 1.0 | 1 |
| Jan 24 | 1.0 | 1 |
| Feb 24 | — | 0 |
| Mar 24 | 3.0 | 2 |
| Apr 24 | — | 0 |
| May 24 | — | 0 |
| Jun 24 | 1.0 | 1 |
| Jul 24 | 1.0 | 1 |
| Aug 24 | 1.0 | 1 |
| Sep 24 | 1.0 | 1 |
| Oct 24 | 1.0 | 1 |
Share of positive (4–5★) and negative (1–2★) reviews mentioning each topic · based on the 60 most recent reviews.
“Easy to apply”
“How that this company's been found guilty”
Same method for every company: overall rating, legitimacy checks, the average rating of reviews mentioning each area and the 6-month trend · Loans & Mortgages.
| Company | Overall | Legit | Service | Value | Trend | Reviews |
|---|---|---|---|---|---|---|
| 3.3 out of 5 (fair) | 100 out of 100 | 4.3 out of 5 (good) | 1.4 out of 5 (poor) | — | 60 | |
| 4.3 out of 5 (good) | 100 out of 100 | 4.2 out of 5 (good) | 1.6 out of 5 (poor) | +39% | 1,000 | |
| 4.8 out of 5 (good) | 100 out of 100 | 4.6 out of 5 (good) | 3.5 out of 5 (good) | — | 1,000 | |
| 4.2 out of 5 (good) | 100 out of 100 | 4.0 out of 5 (good) | 1.8 out of 5 (poor) | −19% | 618 | |
| 4.7 out of 5 (good) | 100 out of 100 | 4.5 out of 5 (good) | — | — | 27 |
Bottom line: Cigno Loans is #5 of 5 on overall rating in this group. On value, Oodle Car Finance scores higher (3.5 vs 1.4).
60 reviews of Cigno Loans. Filter by what matters to you.
Been using for awhile quite expensive but if need money asap you do what you have to
Over all it was great. I am trying to get a new loan but I can't download a bank statement it's not letting me. Thank you Diane Minhas
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Polarized pattern: few middle ratings. 57% of recent reviews are 4–5★ and 37% are 1–2★.
Cigno Loans is an Australian financial services company that specializes in connecting consumers with a network of lenders for quick and fast loans. The company offers a range of financial solutions, including payday loans, bad credit loans, and loans tailored for individuals receiving Centrelink payments or pensions. By simplifying the application process, Cigno Loans aims to provide customers with access to funds quickly, with loan amounts reaching up to $75,000 depending on eligibility. Cigno Loans targets a diverse clientele, including those in urgent need of cash for unexpected expenses, individuals with less-than-perfect credit histories, and pensioners facing financial challenges. The company emphasizes a straightforward application process that connects users with potential lenders efficiently, facilitating timely financial assistance when needed. For more information, consumers can visit their website at www.cignoloans.com.au.
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