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Looking for a $200 loan? Find out more about your options with Savvy today.
Author
Savvy Editorial TeamFact checked
Author
Savvy Editorial TeamFact checked
Life's unpredictable events can lead to financial setbacks, and quick access to funds can be crucial. That's where $200 loans come in, providing a convenient way to cover those sudden expenses that can disrupt your budget. While Savvy doesn't offer $200 loans directly, you can learn more about your finance options with us. Understanding where to look when you need money fast is crucial, so learn about how to access the funds you’re looking for with us today!
While Savvy doesn't directly offer $200 loans, there are several alternative pathways to secure 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.
Acquiring a small loan through Savvy is a time-efficient process. Here's a simplified guide to applying:
As previously stated, you can apply for your small loan and receive formal approval, with your funds released as soon as the same business day (potentially within an hour in some cases). However, it's important to note 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 less-than-perfect credit, provided you comply with your lender's established criteria. While traditional lenders often place a strong emphasis on credit scores, those offering small cash loans typically exhibit greater flexibility.
Yes – you have the flexibility to repay your small loan ahead of the scheduled timeframe without facing any early repayment penalties. Early settlement can be an effective way to save, as it minimises the total loan cost by reducing the monthly fees charged.
Yes – once your small loan funds are disbursed, you have the flexibility to direct them towards diverse financial goals, 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 main costs related to securing a small loan are an establishment fee (maximum of $400) and monthly fees (up to 48% of the loan's total value per year). However, the final amount you will end up paying depends on several additional factors, such as the loan amount, repayment term, whether you make any additional repayments, and whether you incur any 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.
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