24/7 Payday Loans

If you’re in need of a short-term loan to cover some unexpected expenses, 24/7 payday loan can help.

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Savvy Editorial Team
Savvy's content writing team are professionals with a wide and diverse range of industry experience and topic knowledge. We write across a broad spectrum of finance-related topics to provide our readers with informative resources to help them learn more about a certain area or enable them to decide on which product is best for their needs with careful comparison. Meet the team behind the operation here. Visit our authors page to meet Savvy's expert writing team, committed to delivering informative and engaging content to help you make informed financial decisions.
Our authors
, updated on September 12th, 2023       

Fact checked

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$2100
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$500
$50,000


Paid in 60 mins if approved*
Written by 
Savvy Editorial Team
Savvy's content writing team are professionals with a wide and diverse range of industry experience and topic knowledge. We write across a broad spectrum of finance-related topics to provide our readers with informative resources to help them learn more about a certain area or enable them to decide on which product is best for their needs with careful comparison. Meet the team behind the operation here. Visit our authors page to meet Savvy's expert writing team, committed to delivering informative and engaging content to help you make informed financial decisions.
Our authors
, updated on September 12th, 2023       

Fact checked

At Savvy, we are committed to providing accurate information. Our content undergoes a rigorous process of fact-checking before it is published. Learn more about our editorial policy.

24/7 payday loans – small short-term loans to tide someone over until their next pay (available at any time of day) – have been around for a while. They've changed a little in recent years, but short-term loan finance is still very much an option. Learn about how 24/7 payday loans and lenders work now, and how you can access one.

Can I get a 24/7 payday loan to cover my expenses?

Yes – if you’re in need of a short-term loan to cover some unexpected expenses, the good news is that there are fast and simple loan options available for you – and you can get approval for one 24/7, at any time of the day or night.

It’s important to note that payday loans today aren’t the same as what they used to be. Originally, a payday loan was a very short-term loan intended to be repaid on the very next pay day (often with extremely high interest). With changes in government regulations, however, that type of loan doesn’t really exist anymore. When people use the term “payday loan” nowadays, they’re most likely referring to what’s called an instant cash loan.

Instant cash loans are generally available from smaller, online lenders which allow you to access a small amount of short-term finance and pay it back incrementally over the course of a year or two. They’re generally very easy to get approval for and boast a fast process from application to receiving funds. Savvy makes the instant cash loan application process easier with our 24/7 online application tools which connect you with one of our lenders, allowing you to borrow up to $5,000 as a payday loan quickly and easily.

How do I apply for a 24/7 payday loan?

Nowadays, 24/7 payday lenders mostly operate online. To apply for a loan through Savvy, you can start by completing our online application process – which only takes a few minutes. Once you’ve completed the application, you’ll be referred to one of our lenders, who will review your application electronically using high-speed internet services. From there, you can expect pre-approval within sixty seconds. This is all available 24/7, which means that if you have urgent expenses in the middle of the night or a long weekend, you can log on and make sure that you’ll have the funds available to fix the problem with a fast turnaround .

Once your supporting documentation (such as ID, payslips, and bank statements) has been reviewed and your application verified – which can often take less than an hour – you’ll receive your final contract, and once you’ve signed off on it the money will be on its way. This process all takes place within one business day, ensuring you receive the funds you need quickly.

Why apply for a small loan with Savvy?

Some of the features of 24/7 payday loans

Frequently asked questions about 24/7 payday loans

Can I get a 24/7 payday loan without leaving the house?

Yes – the process can happen entirely online. With a loan through one of Savvy’s lenders, you submit your supporting information electronically, and you sign off the contract digitally: with a click. Everything can be done from the comfort of your own home.

In Australia, is it possible to get a small 24/7 payday loan for less than $500?

No – while they were available for smaller amounts previously, the minimum loan you can apply for through Savvy is $2,050.

How quickly can I get the money from the lender for a 24/7 payday loan?

Online lenders can generally provide very quick access to funds. A loan through one of Savvy’s lenders can have funds in your account on the same business day – the transfer happens within minutes of you clicking to sign off on the final contract. At that point, any delays are strictly down to your bank.

Is there anything I can do to speed up the process?

Having 100 points of ID ready to go in digital form can make your end of the process go a lot quicker – that could be a passport and driver’s licence, or a student ID and birth certificate, among other things. Likewise, having payslips and bank statements ready to go will also speed things along. And watch out for your final contract getting sent through – nothing happens until you’ve officially signed off on that.

In Australia, are there government assistance alternatives to a 24/7 payday loan?

There are some government assistance schemes for those in serious financial hardship. This includes small interest-free loans of up to $1,500 for those on a low income – although there’s eligibility requirements, and restrictions what you can spend it on. Centrelink customers can also be granted an advance on their payments.

Can I still pay off a 24/7 payday loan on the next pay day if I choose to?

Ironically, no – government regulations now specify that the minimum term for a small cash loan (such as a payday loans) is 16 days. So, you can pay it off in three weeks, but not in two. The important thing, though, is that you can pay it off within the first month – and the government cap on fees means that if you do so, you can’t be charged more than 24% of the loan amount in fees.

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Disclaimer:

The information on this website is of general nature and does not take into consideration your objectives, financial situation or needs.

For loans between $2,050 and $5,000, the APR is between 21.24% (minimum) and 48% (maximum) per annum. Comparison rate of 65.4962%. Minimum term is 16 days and maximum term is 24 months. The cost of the loan is a $400 establishment fee and monthly interest charged on the amount borrowed. For example, a loan of $3,000 over 3 months with an APR of 48%, (comparison rate of 65.4962%), will have an establishment fee of $400, monthly repayments of $1,225.20. Total repayments of $3,675.60 and total interest payment of $275.60.

Warning: A comparison rate indicates the true cost of a loan. Comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.