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$2,000 Loan

Do you need $2,000?  Get instant approval within 60 seconds of your application and receive your funds fast.

Written by 
Savvy Editorial Team
Savvy's content writing team are professionals with a wide and diverse range of industry experience and topic knowledge. We write across a broad spectrum of finance-related topics to provide our readers with informative resources to help them learn more about a certain area or enable them to decide on which product is best for their needs with careful comparison. Meet the team behind the operation here. Visit our authors page to meet Savvy's expert writing team, committed to delivering informative and engaging content to help you make informed financial decisions.
Our authors
, updated on September 12th, 2023       

Fact checked

At Savvy, we are committed to providing accurate information. Our content undergoes a rigorous process of fact-checking before it is published. Learn more about our editorial policy.

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$500
$50,000


Paid in 60 mins if approved*
Written by 
Savvy Editorial Team
Savvy's content writing team are professionals with a wide and diverse range of industry experience and topic knowledge. We write across a broad spectrum of finance-related topics to provide our readers with informative resources to help them learn more about a certain area or enable them to decide on which product is best for their needs with careful comparison. Meet the team behind the operation here. Visit our authors page to meet Savvy's expert writing team, committed to delivering informative and engaging content to help you make informed financial decisions.
Our authors
, updated on September 12th, 2023       

Fact checked

At Savvy, we are committed to providing accurate information. Our content undergoes a rigorous process of fact-checking before it is published. Learn more about our editorial policy.

Are you facing an unexpected bill or an emergency expense?  Whatever you might need a $2,000 loan for, applying for a loan is fast and easy with Savvy. We’re partnered with reputable lenders from around the country who can provide you with the funds you need.  You can apply and receive your funds as soon as the same day, so start the process with Savvy today.

How can I get approved for a $2,000 cash loan?

Applying for a $2,000 loan online is a quick process.  Just follow these four simple steps to get approved for your $2,000 loan:

1) Make sure you can afford your loan repayments

Before you start the application process, it’s important to be realistic about what you can comfortably afford to repay as a borrower.  Lenders will quickly be able to see whether you can manage the $2,000 loan over the term you’ve applied for.  For example, asking for too short a loan term will result in high repayments which may not fit with your other ongoing costs, such as your mortgage and household bills.  If you can show that you’re able to repay $2,000 over the term you’re asking for, you’re likely to be approved.

2) Apply online with Savvy

The pieces of information you’ll need to have handy for your small loan are:

  • your phone number, date of birth, email and home address
  • your passport and driver’s licence to prove your ID (or other forms of ID which include your photograph and signature)
  • your bank details and bank account number
  • your MyGov login details (if you’re unemployed or receiving a Centrelink payment)

Savvy’s application form should only take you around ten minutes to complete.  Once you send off your application, you’ll receive an instant outcome confirming whether your application was successful or not.  If it was, your lender will take time to manually assess your profile before providing final approval.

3) Sign your loan agreement

Once you’re formally approved, you’ll receive your loan contract by email to electronically sign.  This will tell you the figure you’ve been approved for, what your repayments will be and what fees apply to your loan.  Make sure you read your loan agreement carefully and fully understand what it says. Once you’ve read the contract, sign and return it as soon as you can.  Your lender may also ask for further documentation at this stage of the process, which is normal for many borrowers.

4)  Receive your money

You should receive your cash loan funds on the same day you apply (in most cases).  Once the funds hit your account, you can go ahead and make use of them for any purpose you might need.  You’ll start the process of repaying your loan soon after as per your contract, which will either be the next week, fortnight or month.

What fees will there be and how much will I have to pay?

There aren’t any hidden fees on these loans and the amount you’ll be charged is fixed from the start.  Your repayments won’t vary, as they’re capped and aren’t based on a varying interest rate.  The fees you’ll be charged are:

  • Establishment fees – which are capped at 20% of your loan amount if you borrow up to $2,000
  • Monthly fees – which can be up to 4% of your total loan amount and are paid each month your loan is outstanding

For example, on a loan of $2,000 paid back monthly over one year, you’ll pay:

  • Loan principal: $2,000 ($166.65 per month)
  • Establishment fee: $400 ($33.35 per month)
  • Monthly fee: $80 per month
  • Total monthly repayment: $280
  • Total amount repaid: $3,360

However, it’ll also depend on the length of your loan term.  For small cash advances of $2,000, you’ll have up to one year to repay your loan but can repay it over as little as 16 days in some cases.  Loan term requirements do vary between lenders, so make sure you know exactly how long your lender will allow you to repay your loan.  The shorter your term, the less you’ll pay in ongoing monthly fees.  For instance, a $2,000 loan repaid over nine months instead of 12 will automatically save you $240.  You won’t be charged any early exit fees on your loan, either, so there’s a great incentive to pay your loan off sooner (if you’re able to).

Here’s more of your questions about $2,000 loans

Can I choose how often to repay my $2,000 loan?

Yes – you’ll be able to specify how often you want to pay back your loan, either weekly, fortnightly or monthly.  This can be tailored to fit in with when you receive your income.  For instance, if you’re paid fortnightly, it makes sense to opt for fortnightly repayments.

Will there be a credit check as part of my $2,000 loan application?

Yes – a quick automatic credit check will be carried out to make sure you can pay your loan.  There’s no such thing in Australia as a no credit check loan, as lenders are obliged to carry out a credit check to make sure their customers can afford the loan they’re applying for.

Can I still get approved for a loan if I have bad credit?

Yes – a bad credit payday loan is still very much achievable as long as you have sufficient income to be able to afford the repayments. While it may be tempting to look for no credit check loans, Savvy’s reputable online lending partners are more focused on whether you can afford to pay off your loan rather than what’s happened in the past.  They understand people’s circumstances change over time, so a bad credit record won’t automatically exclude you from being approved for a quick cash advance of $2,000. 

Can I apply for a $2,000 loan after hours?

Yes – you can apply for your cash loan at any time of the day or night and receive an instant outcome.  If you have an urgent car repair bill that needs to be paid the next day, an application the night before could see the money in your account in time to pay the mechanic in some cases.

Most applicants are approved and receive their funds on the same day, as mentioned.  However, if you apply after business hours, you won’t be able to have your application processed, approved and funded until the next business day at the earliest.

Can I get approved for a loan if I receive a disability pension?

Yes – disability pensioners can apply for a loan and get approved, as long as they can make the repayments.  Lenders are looking for a consistent income over three months, so you’ll be asked to provide your MyGov login details so your Centrelink or other income can be verified.  This can help borrowers living on the pension who are unemployed access the financing they need.

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