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One-Hour Loans with No Employment Verification

Need cash quickly but don’t have employment verification? 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 12th, 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
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$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 12th, 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.

If you’re in a tough situation and need cash fast, Savvy can connect you to lenders directly who can approve loans as soon as one hour after you apply with no employment verification. Whether you need a new fridge urgently or your car has broken down, we can help you access instant cash to get through your rough patch. You can get approved for a small loan from $2,050 up to $5,000 with no employment verification necessary, so start the process today.

Can I get approved for a loan with no employment verification in one hour?

Yes – you can get approved for a cash loan with no employment verification. Savvy can help you get instant finance approval if you need money now, with loan money in your bank account on the same day you apply in most cases.

Employment verification isn’t necessary as long as you’re able to prove you’ve had a consistent income for at least three months and you’re able to meet your repayments. This income can include Centrelink benefits and other government pensions, so you aren’t automatically excluded from applying if you’re a pensioner or unemployed.

Verification of your income comes by giving your lender read-only access to your bank account via your internet banking login details, so your income can be picked up by an automatic checking process. This means your employer doesn’t need to know you’ve applied for a loan and they won’t be contacted in any way.

How do I get my small loan approved and funded in one hour?

The small loan application process is a very simple one to follow. Familiarise yourself with these steps and you can have your application fully approved in as little as just one hour, ensuring your online cash loan is very quick:

  1. Complete the online application process with Savvy, which should take less than ten minutes. You’ll be notified instantly of the outcome of your application.
  2. Once you’ve been formally approved, you’ll be sent a loan contract to sign. Make sure you read this loan document thoroughly so you understand how much you’ve been approved for, the length of your loan and how much your repayments will be.  Sign the document electronically and return it to them.
  3. After you’ve sent the contract back, your funds can be transferred to your bank account. The process up to this point can take as little as one hour, but the time taken for the cash to hit your account will depend on your bank or financial institution and how long it takes to process payments.  As mentioned, in most cases, you can receive your cash today.

It’s important to note, though, that there may be some situations where delays are required in the small loan application process. Most commonly, this comes in the form of your lender asking for further clarification or documents relating to your application. This may mean that it takes slightly longer to approve the deal but, in the scheme of things, this is only minor.

How do I qualify for a one-hour loan without employment verification?

As long as you’re over 18, an Australian resident and able to meet your repayments, you’ll be able to qualify for a loan. You may have to meet minimum income requirements also, typically of at least $300 to $400 per week from stable sources.

To qualify for your same-day loan, you’ll need to provide the following information:

  • your name, date of birth, home address, phone number and email address
  • proof of your ID, including the fact you’re over 18 years of age
  • confirmation that you’re either a permanent Australian resident or citizen
  • your bank account details, so your regular income for three months can be automatically checked
  • your MyGov details if you’re looking for a loan on Centrelink or another government pension so your income can be verified

Online direct lenders are far more interested in your ability to pay back the loan in the future, rather than what’s happened in the past, which is why your credit history and employment verification are less important for a short-term cash loan. Customers who are unemployed or otherwise can’t provide employment verification can still get approved for a loan as long as they can prove they’re able to afford the repayments.

What can I use my cash loan for?

Part of the beauty of small loans is that they’re highly flexible and able to be used for just about any purpose you may need. Some of the reasons you might need to take out a cash loan include:

  • an emergency medical expense that you may not have the funds to cover
  • paying for repairs on your car to get it back on the road faster
  • helping you cover bills around the house for the next month or two
  • enabling you to book a plumber or another specialist to fix any leaks or faults around your home
  • covering the cost of flights if you have to see family interstate or overseas urgently

Why apply for a small loan with Savvy?

Common questions about small loans without employment verification

Can I repay my small loan ahead of schedule?

Yes – you can repay your loan early and there won’t be any early penalty fees or extra charges. By repaying your loan early, you’ll save yourself money on monthly fees. You’ll also be given a choice as to whether you make your loan repayments weekly, fortnightly or monthly.  It’s always recommended for borrowers to make repayments more often wherever possible to pay off loans ahead of schedule.

How are the fees calculated on my one-hour loan?

All instant approval loans in Australia come with fixed, capped fees. All loans come with establishment fees of $400.  For example, if you wanted to borrow $1,000, the maximum establishment fee would be $200.  If the loan is over $2,000, though, the establishment fee is capped at $400.

Monthly fees are also charged on these loans.  These are capped at 48% of the loan over the space of a year.

Can I get approved for a cash loan in one hour on the weekend?

Not really – while you can still receive a quick loan outcome at any time of day or week, your application can only be processed during business hours. If your lender is open on Saturdays, as some are, you can apply in the same way and have your application fully processed.  However, in most cases, you’ll only be able to have your application processed during the week within business hours.  As such, weekend payouts often aren’t possible.

Will a bad credit score stop me from getting approval for a one-hour loan?

No – the reputable payday lenders we work with are more focused on your ability to repay the loan than your actual credit score.  Even if you do have a bad credit record, lenders will look primarily at your income and what other expenses you have and approve your loan based on your ability to make your repayments.

Can I get a loan with no credit check?

No – there's no such thing as a loan with no credit check.  All lenders conduct a credit check as part of responsible lending guidelines which require them to only approve applications for borrowers who are shown to be capable of comfortably repaying their debt.  They’re not really focused on your score when conducting a credit check, though; they just want to know you aren’t at risk of default.

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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.

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