$1,500 Loans

While Savvy doesn't directly offer $1,500 loans, various options are available to help you access quick cash in Australia. These alternatives include:

• Credit card cash advance: with a credit card cash advance, you can essentially use your credit card to obtain cash instead of making purchases. This may involve activities like withdrawing funds from an ATM, using cash-out services, or transferring money to your transaction account. However, be mindful of potentially high interest rates and cash advance fees associated with these advances. Promptly repaying your outstanding balance is crucial to avoid accumulating excessive charges.
• Bank overdraft facility: some bank accounts offer the option to attach a personal overdraft, allowing you to access funds beyond your account's zero balance, up to a predetermined limit. Similar to credit card advances, overdrafts incur interest and fees, emphasising the importance of settling any outstanding debt promptly to minimize additional expenses.
• Centrelink advance payment: if you receive Centrelink payments, you may be eligible for an advance. This option is applicable to a range of payments, including JobSeeker, Youth Allowance, Age Pension, and Disability Support Payment. The advance amount is added to your next instalment and subsequently deducted from future payments as a way of gradually repaying this amount.
• No Interest Loans (NILs): some may also have the possibility of obtaining a NIL to cover essential expenses such as household items, education costs, and car repair charges (provided you qualify). NILs allow you to borrow up to $2,000 for these purposes or up to $3,000 for other reasons like rent and bonds. Ensure you meet the eligibility criteria before applying for a NIL.

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.