Payday Loans Direct Lender

Get fast and fuss-free payday loans 24/7 by applying with Savvy.

Apply in less than 10 minutes.

Last updated on July 26th, 2022 at 09:56 am by Kurtis Eichler

Get your payday loan approved with a direct lender

If you’re chasing a quick loan to get you out of a jam, it can be tricky to know where to turn. Choosing Savvy will save you the hassle of searching the internet for lending options. We’ll find you a suitable payday loan by matching you to one of our responsible direct lenders.

Applying is straightforward and fuss-free with our fully online process, which gives you an instant decision on your loan application. Save yourself the run-around and apply with Savvy today.

How can I get a payday loan through a direct lender?

Applying for a payday loan through Savvy will connect you to a direct lender with finance suited to you. We partner with a panel of flexible lenders with fast-tracked and straightforward online processes, so you have a shot at getting rapid approval and funding.

Each lender has a set of eligibility requirements you’ll need to meet to qualify for a loan. These are typically very similar from financier to financier but may vary. They generally include:

  • At least 18 years of age
  • A permanent Australian resident or citizen
  • A stable income for the past three months (must be visible on your bank statements)
  • No existing payday loans
  • Access to accounts via online banking
  • A working mobile number and email address

You’ll also be asked to provide several documents to verify your identity. Lenders will usually request the following:

  • A driver’s licence
  • A passport
  • A Medicare or concession card
  • A government-issued ID card

Once you’ve checked off that you qualify for a cash loan, you can start your application. Take your time filling out your initial application, as you risk holding up your approval if you miss any sections or make simple errors.

The initial online application requires you to provide some basic personal, income and employment information. This includes how much money you’re taking home after tax and what you pay in rent/mortgage/board costs.

When you submit your application, you’ll receive an instant decision direct from your lender. If you’re approved, your lender will run checks of your borrowing history and income to confirm the information you provided is accurate. Once these checks are complete, your lender may be able to offer you formal loan approval soon after.

How much can I borrow with a payday loan?

You can apply to borrow between $300 and $5,000 with a payday loan. However, direct lenders will assess your borrowing power when considering you for approval so they can be assured you’ll be able to manage your repayments comfortably.

Lenders determine how much you can borrow by looking at your income, expenses and wider financial and borrowing history. The greater the amount of money left over after expenses are deducted, the more you’ll likely be approved to borrow. It’s important to have a rough idea of how much you can afford to borrow before you apply to avoid overreaching.

One of the benefits of a cash loan is that you can count multiple income streams toward your loan. This can include not only your wages but fixed Centrelink benefits, investment revenue or income generated from superannuation.

Having a steady history of savings and paying off any outstanding debts before you apply can also help increase your borrowing power. Additionally, having paid off similar loans in the past can also boost your borrowing capacity, as lenders want to see you’re disciplined enough to pay off your debt.

How much do payday loans cost?

Taking out a payday loan comes with a few fixed fees which are rolled into your loan repayments. These charges are the same across most lenders and are spelled out clearly on their website and in your loan contract so they can be easily factored into your budget. They include:

Establishment fee:

  • Charged at the beginning of your loan term and calculated at 20% of your borrowing amount. This fee is capped at $400 for loans above $2,000.

Monthly fee:

  • Charged monthly on top of your repayments and calculated at 4% of your borrowing amount. Your monthly fees are capped at 48% annually if you borrow more than $2,000.

Choosing a shorter term will help you save money on fees and repay your loan faster. Loans up to $2,000 come with term options from 16 days to 12 months, while those above $2,000 have terms up to two years. See the table below to show much you could save on a loan of $4,000 by opting for a shorter term length.

Term Length Establishment Fee Monthly Fee Monthly Repayment Total Cost Total Saving
18 months
15 months
12 months
Nine months

Your frequently asked payday loan questions answered

How do I make repayments on my payday loan?

Direct lenders give you a few options when making repayments on your cash advance loan. You can make your weekly, fortnightly or monthly payments using any of the following methods:

  • Online through your lender’s portal
  • Direct debit
  • Paying over the phone
  • BPay


You’re also able to make extra repayments 24/7 which can help speed up the completion of your loan. One added benefit of payday loans is that lenders don’t charge exit fees if you repay your debt earlier than planned.

Can I apply for a payday loan with bad credit?

Yes – bad credit isn’t an issue with a payday cash advance. Direct lenders focus more on your wider borrowing history when considering you for a loan, rather than just looking at your score. They’ll review your payment track record on similar loans and whether you have any outstanding finance or defaults.

Can I get a payday loan approved on the weekend?

Most lenders only operate on weekdays and won’t be able to approve you outside of those hours. While you can receive an instant outcome 24/7, the formal approval process must take place during business hours. However, some lenders are open on Saturdays if you need a loan over the weekend.

Can I apply if I’m self-employed?

Yes – you can get a loan if you’re working for yourself as a sole trader or freelancer. Lenders may need you to meet some additional criteria or provide some documents to verify your income when considering you for approval, as they’ll need to confirm whether you’ll be consistently able to manage your repayments.