Are you chasing loans with no credit or employment checks required? If you need some fast cash, Savvy can connect you to a flexible lender who can have you approved and funded as soon as the same day you apply.
Our 100% online application process is streamlined to make applying for a loan easy and hassle-free. Whether your car needs some repairs or you need a new washing machine, you can get a payday loan with Savvy today and cover the costs today.
You can be approved for a payday loan without the need for employment verification, as long as you’re earning a steady income. However, responsible direct lenders won’t approve your application without running a credit check.
There’s no need for a direct lender to verify your employment if you can prove you’ll be able to comfortably afford the proposed repayments on your loan. Most lenders allow you to factor in a mixture of income streams, not just wages, when you apply for a loan. These can include fixed Centrelink benefits, investment revenue and superannuation withdrawals.
While employment verifications usually aren’t generally conducted, there are times when Australian short-term lenders will still request proof of your employment. If your income is a little inconsistent because you work casually or you’re self-employed, your lender may need to verify your employment.
Around the same time your lender runs a check of your finances, they’ll also do a credit check. Lenders concentrate on your broader borrowing history and your ability to repay your loan, rather than your score, when running a credit check. This will involve checking factors such as:
If you’re searching for an instant cash loan with no credit checks or paperwork because you have bad credit, the good news is that you can stop looking. Even a very bad score is unlikely to stop you from getting approved if you can show you’re able to afford your repayments. In line with responsible lending obligations, responsible lenders don’t offer ‘no credit check loans‘, as they want to be 100% sure you can afford the loan you want.
If you need cash today, you’ll be required to provide some details and documents. These will be used to prove your identity and also show a lender you can afford your proposed repayments.
As part of your online payday loan application, you’ll be requested to upload digital copies of your personal ID to your lender’s secure portal so they can verify your identity. Your lender will generally ask you to upload any of the following:
If you don’t have some of these forms of ID, you may be able to supply a mix of the following:
Once these details are provided, you should be able to receive an instant decision on your loan. If your application passes your lender’s automatic requirements, they’ll conduct some further credit and financial checks when considering you for formal approval.
Payday loans come with an establishment fee and monthly fees which are calculated based on the size of your loan amount. The way these are calculated as followed:
Loans between $300 and $2,000:
Loans between $2,001 and $5,000
You can save money on monthly fees by choosing a shorter loan term, which in turn will help you repay your loan faster. However, it’s important to note that this could substantially increase your repayments. For example, if you took out a $2,500 over 12 months instead of 18, your repayments would rise by $80 per month but you’d save about $600 overall on monthly charges.