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$250 Loans

After a $250 loan? Learn about your financing options with Savvy today.

  • Borrow up to $5,000
  • Outcome in 60 seconds
  • Flexible repayments
  • 100% online
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 December 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.

$2100
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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 December 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.

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!

How can I get a $250 loan?

Although Savvy doesn't directly offer $250 loans, there are alternatives for accessing quick cash in Australia. Explore these options:

  • Credit card cash advance: one option is to use your credit card for cash withdrawals, such as via an ATM or cash-out at a shop, but be cautious of high interest rates and fees. Repaying your advance promptly will help you avoid excessive additional costs.
  • Bank overdraft facility: some bank accounts offer personal overdrafts, allowing you to access funds beyond your balance. Like credit cards, these also come with high interest rates and fees, so repaying them as quickly as possible will help you reduce expenses.
  • Centrelink advance payment: If you receive Centrelink payments, you might be eligible for an advance on payments like JobSeeker or Age Pension. This works by deducting your amount from future instalments and adding them to your next payment, allowing you to pay them back gradually.
  • No Interest Loans (NILs): if you qualify, you may be able to borrow up to $2,000 for essentials like household items and up to $3,000 for rent and bonds with a NIL. However, it’s crucial to make sure you meet the various qualification requirements before you apply.

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.

How do I apply for a small loan through Savvy?

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:

  1. Fill out our online application form, providing us with personal and financial information, including credit score, income, and employment details. Choose your preferred loan amount, ranging from $2,050 to $5,000.
  2. Submit your application and receive an instant automated decision from one of our vast network of lenders.
  3. Upon conditional approval, your application will be carefully assessed by your matched lender. Additional documentation may be requested for further verification.
  4. Once your lender is satisfied, you'll receive formal approval and your loan documents for review and signing. These documents will clearly outline your loan terms, fees, repayment schedule, and other pertinent details.
  5. Upon signing and returning the loan documents, your loan funds will be swiftly transferred into your nominated bank account.

What is the typical schedule for receiving small loan funds?

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:

  • Application complexity, especially regarding defaults and income stability.
  • Your lender's standard processing timelines.
  • The timing of application submission, as applying outside business hours may necessitate waiting until regular hours for formal assessment to commence.

Why apply for a small loan with Savvy?

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Apply online, 24/7

No matter the time of day or week, you can complete your small loan application with us online.

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Instant outcomes and same-day money

You can receive an outcome in 60 seconds and, if successful, have your money sent in just one hour.

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Trusted lender panel

We're partnered with reputable Australian lenders to bring you greater peace of mind when applying for your small loan.

Frequently asked questions about small loans

Can I access a small cash loan with bad credit?

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.

Is settling my small loan early an option?

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.

Is it possible to use the funds from my small loan for more than one purpose?

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.

How much will my small loan cost?

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.

Small loans to suit your circumstances

Bad credit loans
Car repair loans
Centrelink loans
Christmas loans
Emergency loans
Furniture loans
Pensioner loans
Rental bond loans
Unemployed loans
Whitegoods loans

Helpful small loan guides

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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.

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Disclaimer and important things you should know

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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© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.

© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.

Savvy logo

1300 974 066

Sign up to our newsletter

Disclaimer and important things you should know

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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