Do you need $2,000? Get instant approval within 60 seconds of your application and receive your funds fast.
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.
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:
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.
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:
For example, on a loan of $2,000 paid back monthly over one year, you’ll pay:
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).