Small Loans Paid in 1 Hr

Need a small loan to tide you over? Savvy has you covered. 

Written by 
Savvy Editorial Team
Savvy's content writing team are professionals with a wide and diverse range of industry experience and topic knowledge. We write across a broad spectrum of finance-related topics to provide our readers with informative resources to help them learn more about a certain area or enable them to decide on which product is best for their needs with careful comparison. Meet the team behind the operation here. Visit our authors page to meet Savvy's expert writing team, committed to delivering informative and engaging content to help you make informed financial decisions.
Our authors
, updated on September 7th, 2023       

Fact checked

At Savvy, we are committed to providing accurate information. Our content undergoes a rigorous process of fact-checking before it is published. Learn more about our editorial policy.

$2100
|
|
|
|
|
$500
$50,000


Paid in 60 mins if approved*
Written by 
Savvy Editorial Team
Savvy's content writing team are professionals with a wide and diverse range of industry experience and topic knowledge. We write across a broad spectrum of finance-related topics to provide our readers with informative resources to help them learn more about a certain area or enable them to decide on which product is best for their needs with careful comparison. Meet the team behind the operation here. Visit our authors page to meet Savvy's expert writing team, committed to delivering informative and engaging content to help you make informed financial decisions.
Our authors
, updated on September 7th, 2023       

Fact checked

At Savvy, we are committed to providing accurate information. Our content undergoes a rigorous process of fact-checking before it is published. Learn more about our editorial policy.

Get the cash you need, fast. Savvy helps with a bit of extra cash when needed

Sometimes life can throw unexpected bills at us such as medical bills, emergency repairs and home improvements. Credit cards aren’t always the answer, though, so small personal loans can be a stop-gap solution to urgent cash needs. A small loan is a short-term finance option that allows people to borrow small amounts of money, usually from $2,050 to $5,000.

Savvy works with you to provide instant small finance to help you through any emergencies, giving you a range of repayment options that won’t break the bank. With outcomes in 60 seconds and funds sent to you on the same day, you can cover any sudden expenses and pay for them at a more manageable speed with an application through Savvy. All of the details are presented upfront, so we give you the power to make an informed decision.

Apply now
Small Personal Loans Banner

The features and benefits of small personal loans

Same day money

Your application can be turned around and have your money sent to you in as little as one hour to cover your costs fast.

Borrow from $2,050 to $5,000

From as little as $2,050 all the way up to $5,000, your instant cash loan can be used to pay for a wide variety of expenses.

Select your repayment term

As part of your small loan, you can also choose repayment terms from three months up to a maximum of two years.

Diverse income streams

You can apply for your small loan with a range of acceptable incomes: full-time, part-time, casual, self-employed, Centrelink or a combination.

No messy paperwork

Don’t worry about sending through any physical documents: the application process is 100% online from start to finish.

Set repayments

Because of the fixed nature of small loans’ added fees, your instalments will remain consistent throughout your term.

Direct transfer into your account

Not only will you fast approval on a small loan, you’ll also be able to access it from your account as soon as it’s transferred.

No hidden fees

Because all of your fees are fixed, capped and outlined in your loan agreement, there won’t be any unwelcome surprises for you.

Apply now

Why apply for a small loan with Savvy?

How to streamline your small loan application

Apply now

Your frequently asked small loan questions answered

What is a small loan?

A small loan is a type of personal loan that is smaller (micro loan) than traditional personal loans. These may range from $2,050 up to $5,000. Small loans have shorter terms than personal loans – a minimum of 16 days up to 24 months.

What can I use a small loan for?

You may use a small loan for a variety of purchases, such as urgent replacement of appliances, computers, or electronics; sudden medical bills; emergency travel; temporary cash flow problems; unexpected utility bills; legal or administrative bills; anything that requires urgent payment which you cannot cover under normal circumstances.

Is a small loan like a payday loan?

Yes – while payday loans used to be a separate product that was run and regulated differently (namely that they were designed to be paid by your next payday), changes in government regulation have meant that payday loans and small loans are essentially two names for the same product.

How long does it take to apply?

A quick application on our site will only take a few minutes to fill out, from which point you’re connected to your lender in 60 seconds. You’ll then complete a further form on their site, which will only take a further five to ten minutes.

How are the fees on small loans calculated?

There are two main fees on small loans: the application or establishment fee and the monthly service fee. The application fee is capped at $400 and monthly fees cannot exceed 48% of your loan amount annually.

How long do I have to pay a loan back?

You may choose from as quickly as 3 months up to 24 months.

I am on Centrelink benefits, can I apply for a small loan?

Generally, Centrelink benefits will be accepted if they’re considered stable and consistent. This means that income derived from age, disability, veterans’ and carers’ pensions, as well as family tax benefits and parenting and child care payments, can all be accepted when applying for a cash loan.

However, conditional income such as Youth Allowance, Austudy, Abstudy and JobSeeker payments aren’t accepted, as recipients can feasibly become ineligible due to age, job or study status. JobSeeker can be counted to supplement family tax benefits, but otherwise isn’t accepted.

What if I have had bad credit in the past?

Yes – we can help people who have a bad credit history apply and get approved for a small loan. We assess your current financial situation instead of using your credit history as the sole factor for approving or declining a loan: lenders are more concerned about your ability to repay the loan rather than your borrowing history and credit score. You won't be able to get a small loan in one hour with no credit check.

Are online applications secure?

Yes – both our and our lenders’ portals are extremely secure and encrypted to ensure that your information can’t fall into the wrong hands. At Savvy, the importance of privacy is paramount to us.

Should I use a credit card instead of a cash loan?

Credit cards aren’t the best option when it comes to making purchases for amounts greater than what you could repay within one month. This is because, outside of their interest-free periods, credit cards usually charge a very high interest rate up to (or greater than) 25%. Therefore, if you have any debts that can’t be repaid inside the interest-free period, you could end up paying much more for it.

The difference with cash loans is that repayments are consistent and fees are transparent, so you can take your time without having interest stacking up on your debt.

Apply now

Helpful small loan guides

Small Loans Banner - Young couple assessing their financial situation before applying for a loan

No Credit Check Loans

Find out whether you can get approved for a loan with no credit check and get your application started with...

Small Loans Banner - Young woman smiling while looking at her tablet on the couch

Payday Loan Eligibility

Wondering how to qualify for a payday loan? Well, it’s pretty easy, and you’ve come to the right place. Borrow...

Small Loans Banner - Young couple looking at their finances and needing money desperately

I Need Money Desperately

Apply for your small loan with Savvy today and get an outcome fast. Borrow up to $5,000 Outcome in 60...

Small Loans Banner - Young couple working out their finances before applying for a loan

No Questions Asked Loans

Looking for a quick cash loan? Apply with Savvy today. Borrow up to $5,000 Outcome in 60 seconds Flexible repayments...

Disclaimer:

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.