$200 Loans

While Savvy doesn't directly offer $200 loans, there are several alternative pathways to secure quick cash in Australia. These options include:

• Credit card cash advance: one option is to utilise your credit card for a cash advance, essentially withdrawing cash instead of making purchases. This may involve ATM withdrawals, cash-out features, or direct transfers to your transaction account. However, be aware of potentially high interest rates and advance fees associated with credit card cash advances. Prompt repayment is crucial to avoid accumulating excessive interest and fees.
• 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 minimise 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 regular payment and subsequently deducted from future instalments for repayment.
• No Interest Loans (NILs): some may also be able to explore the possibility of obtaining a NIL to cover essential expenses such as household items, education costs, and car repair charges. 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 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.