Instant Cash Loans Online

Apply for instant cash loans online. Boost your available funds quickly, easily and pay fixed fees.
Apply in less than 10 minutes.

Last updated on May 4th, 2022 at 03:00 pm by Bill Tsouvalas

Instant Cash Loans Online

Want a fair, fast and more straightforward way to access money when you need it? At Savvy, we understand that some problems and opportunities just can’t wait. When you need an instant solution, applying for a cash loan online is convenient and practical. What’s more, borrowing a smaller amount means applications are faster, and qualification requirements are more straightforward. You can get an answer and get funded without jumping through too many hoops.

How does an online instant cash loan work?

Instant cash loans are a lot simpler than many other forms of personal finance. The lenders that we work with at Savvy are all licenced and have a simple set of rules to work with, so you can apply online and typically receive an instant outcome. More Australians can access instant cash loans because lenders assess your ability to repay, rather than scrutinising your credit history.

When it comes to what you pay, online instant cash loans are clear as day. They don’t have complicated interest rates like personal loans, so it’s easy to compare cash loans and budget for repayments. Here’s how cash loans work:

  • Establishment fees: capped at 20% of the loan amount to a maximum of $400.
  • Repayment fees: capped at 4% of the loan amount.
 

So, how does that look in the real world? Let’s say you need to borrow $1,200. Costs are based solely on that amount plus how long you take to repay:

Loan Term Setup fee: Monthly fee: Repayments: Total cost:
$1,200
3 months
$240
$48
$528
$1,584
$1,200
6 Months
$240
$48
$248
$1,728
$1,200
9 Months
$240
$48
$208
$1,872
$1,200
12 Months
$240
$48
$148
$2,016

How do I get an instant cash loan that suits my profile?

Savvy’s job is to find lenders with flexible qualification requirements that match your situation. When you need cash fast, but still want the best deal, Savvy instantly examines some of the best instant cash loans out there and directs you straight to the lender’s website without delay.

We can do through our fast, digital methods for assessing your financial situation and matching those details to the ideal lender and product from an extensive panel of loan providers. We only need to ask you a few simple questions to do that – so we can keep things simple, efficient and minimise the time it takes for you to get your funds.

Cash loans are specifically designed for the digital age and there are many lenders and options out there. Savvy offers one of the fastest ways to find an online borrowing solution, the easiest way to qualify for an instant cash loan, and provides a far better option than spending hours on the web with no certainty you’ll succeed.

Explained: how to apply for an instant cash loan online

Questions about instant cash loans online? Find some answers here

How much can I borrow with instant cash loans online?

You can borrow anything between $300 and $5,000 using an instant cash loan, subject to the lender’s approval process. The amount you can borrow is dependent on your financial situation and what the lender believes you’re capable of comfortably servicing.

How long will the whole process take?

Because qualification requirements are pretty defined, application forms are short and you can get through one in minutes. When you apply for a cash loan via Savvy, you can receive pre-approval in 60 seconds and overall approval and transferred funds within the same business day.

Can I apply for instant cash loans online with bad credit?

You can. Cash loan lenders base decisions on your ability to repay your loan. That means, if you need a bad credit cash loan or even a cash loan on Centrelink, you’ll likely qualify if you can afford repayments relatively comfortably.

Can I pay off an instant cash loan early?

Cash loan lenders charge zero fees for early repayment. So, if you find your cash flow improves during your loan term, you can contact your provider, and they’ll arrange for you to pay off the entire outstanding amount without any further repayment fees.

How do I repay instant cash loans?

One of the best things about applying for an instant cash loan online is you get flexible repayments. You can choose from weekly, fortnightly, or monthly repayments to match how you receive your income. Borrow up to $2,000 and elect to repay over anything between just sixteen days and a year. Borrow $5,000 or less and take up to two years to repay your loan.

Will my lender check my credit report?

All lenders look at your borrowing history. There’s no such thing as a no credit check loan, so it’s important not to surf around lots of different websites and shop for a cash loan by making applications. Every time you do, it leaves a mark on your credit report that lenders can see – and doing that a few different times will get your application rejected.