Payday Loans No Credit Check Instant Approval Australia

Get approval in an instant on your payday loan application.

Apply in less than 10 minutes.

Last updated on July 26th, 2022 at 10:27 am by Kurtis Eichler

Receive instant payday loan approval with Savvy

A bad credit history can feel like an obstacle to instant payday loan approval when you’re in a tight spot. Rather than chase ‘no credit check’ loans, though, put your trust in Savvy. We partner with flexible Australian lenders who put loan approval within reach, no matter your credit score.

Our highly efficient online application process makes it possible to have your cash on the same day you apply, so you can get another shot at finance and apply with Savvy today.

Can I get instant payday loan approval with no credit check?

Technically, you can get instant approval on a payday loan before your lender conducts a credit check. However, licenced lenders will need to run a credit check before offering you formal loan approval and funding. Under Australia’s responsible lending laws, financiers must run thorough checks on all applicants to ensure they can afford a loan and won’t offer ‘no credit check’ loans.

If you’re searching for ‘no credit check’ loans because you have a bad credit score, though, don’t worry. The good news is your score doesn’t really matter when you apply for a payday loan. Lenders prefer to use a credit check to review your entire borrowing history, not just your score. As such, they’ll assess factors such as your repayment track record, credit products in your name and any ‘hard’ enquiries you’ve made with other payday lenders.

When it comes to applying for a loan with Savvy, it generally takes about ten minutes to complete the initial application and receive an instant decision. This decision doesn’t represent formal approval, instead letting your lender know that your initial application passed automatic checks and can be formally assessed.

When applying, you’ll need to choose a loan amount (between $300 and $5,000) and provide some basic information about your personal circumstances, employment and income. You’ll also need to double-check you qualify for an urgent payday loan before starting your application, to save you time. The loan eligibility criteria are typically very similar from lender to lender and include:

  • At least 18 years old
  • Permanent Australian resident or citizen
  • No other payday loans
  • Earning a steady income for the last 90 days (visible on online bank statements)
  • Active mobile number and email
  • Access to your bank accounts via internet banking

What documents do I need to get instant approval on a payday loan?

While these loans involve no physical paperwork, you’re still required to supply some digital documents to get instant approval. It’s best to have these already saved to the smart device or computer you’re applying from to prevent delays in the application.

Lenders will request several forms of identification to verify you are who you say you are. These can be uploaded to a secure portal when you’re completing the initial application. A payday lender will usually require any of the following:

  • An Australian driver’s licence or passport
  • A Medicare card

If you don’t have any of these documents, you may be able to supply copies of a mix of the following to prove your identity to some lenders:

  • A foreign driver’s licence or passport
  • A birth or citizenship certificate
  • Council rates notice
  • Utility bill addressed to you
  • Concession card
  • A credit or debit card

You’ll also have to provide some other forms of digital paperwork to receive formal approval on a quick cash loan. This will include a Centrelink income statement if government benefits make up part of your income. There’s no need to provide physical bank statements but you will need to provide read-only access to 90 days’ worth of online bank statements to verify your income and regular expenses.

How much will a payday loan cost me?

The cost of your payday loan will come down to how much you borrow and how long you take to repay it. These loans have several fees in place which remain the same over the life of your loan, so you’ll know exactly what you’re paying over your term.

Two types of fees apply when you take out a payday loan:

  • Establishment fee: A set-up fee charged when you take out your loan. This fee is calculated at 20% of your loan amount on loans up to $2,000 and capped at a flat fee of $400 on larger amounts.
  • Monthly fee: A fixed rate of 4% per month is charged on your loan amount if you borrow up to $2,000. For larger loans, the monthly fees are capped at 48% over 12 months.

When you choose a loan amount, you’ll also get the choice of repayment terms. Online cash loans between $300 and $2,000 come with repayment options between 16 days and one year, while larger loans have a maximum repayment term of two years.

A shorter loan term will accrue fewer monthly fees, saving you money. For example, if you borrowed $2,500 over 15 months instead of 18, you’d save $300 in monthly fees.

Frequently asked payday loan questions

What can I spend my payday loan on?

A key benefit of small loans is that you can use them for just about anything. When you apply, you’ll have a choice of uses, which will include car repairs, medical procedures, vet bills, day-to-day costs, urgent bills and much more.

Can I repay my loan ahead of time?

Yes – repaying your loan before your term ends is a good way of saving money. Direct lenders don’t charge you for wrapping up your loan ahead of time either, so you won’t incur any cost for being diligent with your repayments.

Can I get a payday loan if I am unemployed?

Yes – if you’re currently out of work, you can still apply for a loan. Lenders require you to be earning at least some form of consistent income. This can be made up of a mix of fixed income streams, including ongoing Centrelink benefits, superannuation and investment revenue. Some eligible Centrelink benefits include:

  • Aged, disability or veteran’s pensions
  • Cares payment
  • Child care subsidy
  • Family Tax Benefit Part A or B
  • Single parent payment


If you’re receiving an unemployment benefit such as JobSeeker, though, this won’t be eligible on its own.

Can I be instantly approved if I just changed jobs?

Yes – you can still get instant approval on your loan if you’ve started a new job. You will have to show your lender your income was stable and consistent at your previous workplace. You may be required to provide a letter of employment in some cases to firm up your case, but not all lenders will require this.

What can I do if I run into trouble making my repayments?

If you can’t make a repayment or money’s a little tight, it’s best to contact your lender as soon as possible. They’ll be able to work with you to find a manageable solution, such as temporarily reducing your repayments. You run the risk of being charged late fees and default if you don’t inform your lender when your circumstances change.