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In search of a $150 loan? Read about your options right here with Savvy.
Author
Savvy Editorial TeamFact checked
Author
Savvy Editorial TeamFact checked
Small but urgent expenses can strain your budget, and quick access to funds can bring relief. $150 loans provide a convenient way to cover those unexpected costs that can pop up, from appliance breakdowns to last-minute travel expenses. While Savvy doesn't offer $150 loans directly, it’s worth knowing what we can offer you, as well as what your options are when it comes to small cash loans. Find out all you need to know with us today!
While Savvy doesn't directly offer $150 loans, several options are available for those seeking quick cash in Australia. These options include:
These options provide alternative avenues to access quick cash in Australia, each with varying terms and conditions. Carefully consider your options, assess your financial situation, and choose the solution that best aligns with your individual needs and circumstances.
Obtaining a small loan through Savvy is a streamlined and user-friendly process. Here's a step-by-step guide to applying:
As noted earlier, you have the opportunity to apply for your small loan and potentially receive formal approval and have your funds released as soon as the same business day (potentially within an hour in some cases). However, approval is always dependent on your application successfully passing all of your lender's mandatory assessments and meeting their eligibility criteria.
Several factors can influence the processing speed of your application:
No matter the time of day or week, you can complete your small loan application with us online.
You can receive an outcome in 60 seconds and, if successful, have your money sent in just one hour.
We're partnered with reputable Australian lenders to bring you greater peace of mind when applying for your small loan.
Yes – even if your credit history is less than perfect, you can still explore the possibility of securing a small loan, provided you meet your lender's other criteria. While traditional lenders often place a strong emphasis on credit scores, those specialising in small cash loans tend to exhibit greater flexibility.
Yes – you have the option to accelerate your small loan repayment without any penalties. Early settlement can be a wise move, as it cuts down the overall loan cost by reducing the monthly fees you would’ve paid.
Yes – once your small loan funds are disbursed, you have the flexibility to direct them towards diverse financial objectives, not confined to the reason stated on your application. For instance, you may choose to allocate them towards multiple household expenses. However, it's crucial to acknowledge that there are restrictions on their usage, such as paying off other small loans or engaging in gambling activities.
The primary costs associated with your small loan are an upfront establishment fee (with a maximum of $400) and ongoing monthly fees (capped at 48% of your loan's total value per year). However, the final amount you pay will depend on several additional factors, including the loan amount, repayment duration, whether you make any early repayments, and whether you are charged any late payment or dishonour fees.
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.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
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