Home > Small Loans > $1,500 Loans
Learn about your $1,500 small loan options right here with Savvy.
Author
Savvy Editorial TeamFact checked
Author
Savvy Editorial TeamFact checked
Larger expenses can pose financial challenges, and access to appropriate funding can be critical. $1,500 loans offer a flexible solution to cover those significant costs that can arise, from home repairs to medical treatments. While Savvy doesn't offer $1,500 loans directly, it’s crucial to understand what your financing options are before you apply. Learn all you need to know, including how to apply for a loan with Savvy, today!
While Savvy doesn't directly offer $1,500 loans, various options are available to help you access quick cash in Australia. These alternatives include:
These options provide alternative pathways 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.
Navigating the small loan application process with Savvy is an easy and straightforward experience. Here's how to get started:
As previously mentioned, you can apply for your small loan and receive formal approval, with the possibility of having your funds released as soon as the same business day (potentially within an hour in some cases). However, it's important to remember that approval is always dependent on your application meeting all of your lender's required assessments and criteria.
The processing speed of your application is subject to several factors:
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 – obtaining a small loan remains a viable option even for individuals with a less-than-perfect credit history, provided you adhere to your lender's established criteria. While traditional lenders often prioritise credit scores, those offering small cash loans typically adopt a more accommodating stance.
Yes – prepaying your small loan is allowed, and there are no early repayment penalties. Early settlement can be an effective way to save, as it minimises the total loan cost by reducing the amount of monthly fees paid overall.
Yes – upon receiving your small loan funds, you have the autonomy to utilise them for various purposes, not limited to the stated purpose on your application. For example, you may choose to apply them towards covering multiple household expenses. However, it's important to recognise that there are limitations on how these funds can be used, such as paying off other small loans or engaging in gambling activities.
The main costs involved in securing a small loan are an establishment fee (limited to $400) and monthly fees (capped at 48% of the loan's total value annually). Nevertheless, the final amount you pay will depend on various factors, including the loan amount, repayment term, any additional repayments made, and potential late payment or dishonour charges.
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.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
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.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
Our consultant will get in touch with you shortly to discuss your finance options.