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After a $250 loan? Learn about your financing options with Savvy today.
Author
Savvy Editorial TeamFact checked
Author
Savvy Editorial TeamFact checked
Unexpected bills can disrupt your financial plans, and quick access to funds can provide peace of mind. $250 loans offer a convenient way to cover those sudden expenses that can arise, from utility bills to car maintenance costs. While Savvy doesn't offer $250 loans directly, you can find out more about your available financing options with us, including what you can receive when applying through us. Find out what you need to know with us today!
Although Savvy doesn't directly offer $250 loans, there are alternatives for accessing quick cash in Australia. Explore these options:
These options offer different ways to receive quick cash in Australia, each with unique requirements, terms and conditions. It’s important to carefully assess your needs and financial situation to choose the right solution for you.
Completing Savvy's simple small loan application process is a fast, hassle-free journey to obtaining the funds you need. Follow these simple steps to get started:
As noted earlier, your small loan application could potentially be approved, and your funds could be released as early as the same business day (potentially within an hour in some cases). However, this is conditional upon your application meeting all of your lender's requirements and passing their assessments.
Several factors can influence the processing speed of your application:
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 – despite having a less-than-stellar credit history, you can still consider applying for a small loan, assuming you meet your lender's other requirements. While traditional lenders often prioritise credit scores, those offering small cash loans tend to adopt a more lenient approach.
Yes – accelerating your small loan repayment is an option without incurring any early repayment penalties. Settling your loan early can be a positive decision for your back pocket, as it reduces the overall loan cost by minimising the monthly fees paid.
Yes – once your small loan funds are disbursed, you have the flexibility to direct them towards diverse financial needs, 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 primary expenses associated with a small loan include an upfront establishment fee (capped at $400) and ongoing monthly fees (limited to 48% of the loan's total value per year). However, the overall amount you will pay will depend on several additional factors, such as the loan amount, repayment duration, any voluntary additional repayments made, 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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