Online Payday Loans
The fastest, easiest way to apply for a payday loan is online, and Savvy can find the best lenders for your needs.
Don’t miss out; get an online payday loan
Online payday loans are designed for life in the 21st century. For borrowers who need to tackle an unplanned cost fast, they utilise secure internet technology to make that happen. When you don’t want to miss that killer flash internet sale offer, online payday loans are arranged in a flash too. The fastest way to arrange one is with Savvy, and you can customise your online payday loan loan to suit your needs.
Qualify for an online payday loan with Savvy
With all borrowing, choosing the right lender for you is your ticket to an easy application, and it’s the best way to qualify for a payday loan too. At Savvy, we’ve matched thousands of Aussies with their ideal lender over the years. It’s simple – we’ll look at your needs, situation, and if you’ve had past credit problems before quickly connecting you with the best online payday loan lender.
Why apply for a small loan with Savvy?
How online payday loans work and how to apply
Via the Savvy website, and you’ll get paired to the best lender for your situation. We’ll take things like your borrowing history, age, loan amount, and repayment preferences into account – which means you’re far more likely to qualify for a payday loan when you apply through Savvy. We’ll only ask you for a few necessary details before connecting you directly with the ideal loan provider. The whole process is pretty seamless – and painless too.
Applications happen fully online. You’ll just need one form of ID, proof of address, payslips if you’re employed, and a Centrelink Income Statement if you get benefits. You can grant access to your bank statements online or upload copies with your other documents. You’ll be able to fill out the provider’s form via the web too – which doesn’t take long – and then simply sit back and wait for your confirmation of approval.
In Australia, establishment fees can’t exceed $400, while monthly fees cannot be higher than 48% of your loan amount over the course of 12 months. It’s shorter-term borrowing, so on a month-by-month basis, it’s more expensive than a personal loan. However, most Aussies use online payday loans when they want to pay money back more quickly – and there are no early repayment fees either.
In Australia, lenders are required by law to fulfill responsible lending rules. They’ll look at your application and documents to make sure you can afford repayments comfortably. As soon as your online payday loan gets approved, you’ll be able to sign the agreement that the loan provider sends digitally. After that, it’s just a case of waiting for funds to get paid directly into your bank account – which you’ll get asked to nominate during your application. Lenders have different policies and cut-offs for the timing of transfers – and that’s something Savvy will consider when finding you a provider.
Once you’ve received your payday loan funds, there are no limits to what you can use them for. Many Australians who work casually or are self-employed use payday loans to cover gaps in their cash flow. Others use payday loans to move house and pay rental bonds. You can even use a payday loan for a holiday, the festive season, or take a trip to the zoo. Online payday loans are intended to be an option when you need flexibility and quicker repayment options. Terms can get set between just 16 days and two years.
Savvy answers your questions about online payday loans
Helpful small loan guides
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.