Quick Cash Loans

In need of quick cash? Our systems are built to deliver cash loans fast!

Apply in less than 10 minutes.

Last updated on June 8th, 2022 at 03:02 pm by Bill Tsouvalas

Get approved for a quick loan from $300 to $5,000

We understand that at times we come across unexpected expenses that we didn’t budget for – this could be your car breaking down outside of manufacturers warranty, a need to purchase a small car under $5,000, medical bills, school fees, unexpected large phone and utility bills, the list goes on.

Or it could be to spoil yourself with a getaway to Bali, Phuket, Singapore or Europe. You may need to buy new equipment for your business, laptop’s for the kids, a new sofa or home entertainment system.

Cash loans from time to time play a very important role in keeping things moving a long. Needing the funds quick goes without saying.

At Savvy, we are pure digital platform that connects you with some of quickest and most flexible financiers in the country.

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Times frames to get a quick cash loan

After you submit your application and have uploaded your supporting documents, your enquiry, will then go through to be viewed by multiple lenders. This does not affect your credit score in anyway, once a participating lender reviews your file and decides to put an offer to you they will reach out directly usually via email in the first instance.

This may sound complicated but it all happens quite quickly and in most cases will see you having the required funds come through generally into your account on the same day of applying, if not within the hour. Being mainly driven by tech, most applications are very simple and proceed without any human interaction, at times if your application requires a little further assessment by a loan officer, your approval and settlement may be delayed meaning that your funds will likely go through within 48 hours.

Times frames also depend on when you make your enquiry as well. If you make your enquiry in the evening time, you should expect for the cash to come through on the following day.

Credit Criteria

We pride ourselves on providing some of these best options available on the market at any given time, with digital lenders that can assist the unemployed, from bad credit to good credit, our loan structures, outside the box but still responsible view to risk, will see you access a broad range of lenders that are motivated to lend.

Some basic requirements are the following:

  • A regular income for the last 3 months
  • At least 18 years old
  • Income deposited into your bank account

Benefits of a cash loan

One of the biggest benefits of a quick cash loan is definitely the speed, by far, a cash loan provides you with quick cash, quicker than any other type of finance facility. Other benefits include:

  1. Your loan is paid of within a short time frame rather than an ongoing facility, such as a credit card. You know exactly what your fixed costs are upfront which allows you to manage your budget.
  2. You can pay down your loan quicker without being penalised allowing you to save on interest and overall loan costs.

How to manage a quick cash loan

Its very important to manage your cash loan or any liabilities you have, this means, making sure that you stick within your budget, your objective needs to be to pay down your cash loan sooner rather than later. Try to make extra payments where you can. When lenders approve your cash loan its based on your income vs expenses at the time of applying. They make a decision based on those figures as to whether or not you can afford the loan.

After taking out your cash loan you then begin to increase your general living expenses, this will have an impact on your ability to pay back the finance. This will make it difficult to stay on top of your finances. For this reason its imperative to set yourself up a budget up upfront before drawing down on your loan and making sure you stick to it whilst you have the facility in place. Discipline here is key.

What are the costs of a quick cash loan with savvy

The maximum fee you will be charged is a 20% establishment fee and flat 4% monthly fee. This is the cost on a loan up to $2,000. A loan in between $2,000 – $5,000 will derive a maximum annual percentage rate of 48%. Personal loans larger than $5,000 will be dependent on your credit score and can start quite low from lender to lender.

Can I borrow multiple cash loans quickly

Applying for multiple cash loans quickly all that same time is not advised, this will place multiple enquiries on your credit file which has the potential of affecting your chances of getting approved. All lenders negatively look at multiple enquiries at the same time. The best way to source funds quickly is by using a service like Savvy where we connect you with multiple lenders across the country. This not only saves you the time and, lets not forget, your credit score. It allows your enquiry to be best matched with the lender that is actually prepared to lend to your particular profile. There is no point sending your application to lenders whereby you may not fit within their policy guidelines, Savvy’s service matches you with a lender that suits your request, giving you the best chance of approval without affecting your credit score.