$3,000 Loans

Being short on funds doesn’t have to slow you down or hold you back. Apply for a quick cash loan online and qualify in minutes.

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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.

$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 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.

When you need to qualify for a $3,000 loan quickly, Savvy digitally matches you with the ideal option from a broad panel of specialist lender partners in minutes. Not only that, but we’ll connect you directly to a specialised application portal, and you can do everything you need using a smartphone, tablet, or laptop and receive your funds by electronic transfer.

Borrowing smaller amounts is fast, convenient, and easier than you think when you find a lender via Savvy – and what’s more, online loans are designed to be accessible to a broad range of different borrowers and budgets. Access anything between $2,050 and $5,000 the same day, apply online seamlessly and efficiently, and repay the loan your own way.

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Features and benefits of a $3,000 loan

Get connected, get a great deal

Small personal loans are designed to be fast, convenient, and everything happens on the web. As long as you’ve got access to a suitable device like a smartphone or tablet and an internet connection, you can apply for a small personal loan securely from anywhere at any time. To start, just tell Savvy who you are and a little bit about your income and how much you need to borrow, then our cutting edge digital systems will instantly match you with the best lender from an extensive panel of our fully licenced credit provider partners.

Simplified cash loan fees

Cash loans come with a setup fee and fixed regular repayment fees throughout the term. Cash loan setup fees never exceed $400, while borrowers will also pay no more than 48% of their loan amount over 12 months in monthly fees.  

Apply quickly from any device, 24/7

You can apply for an online payday loan at any time of day or night. Approvals and transfers take place during business hours – so apply early if you need money the same day. Just fill out a quick form and upload supporting documents, such as ID, proof of address and Australian residency, and your payslips. You can grant third-party access to your bank statements via the lender’s website, too – saving you time, effort and leading to a faster outcome.

Convenient cash loan repayments

You can take up to two years to repay, with options as short as 16 days. Borrowers can set their repayments to match how they receive income, with weekly, fortnightly, or monthly options available.

Basic qualification requirements

Anyone who’s over eighteen, a permanent resident of Australia, and able to comfortably repay a cash loan can apply for one. Small loan lenders work to a very defined regulatory model that’s geared more towards affordability and responsible lending than other types of finance where your credit rating is crucial for approvals.

Small personal loans are accessible

That means you can apply for a payday loan with bad credit, and lenders consider applications for small loans on Centrelink – so long as more than half your income doesn’t come via benefits. It also means that borrowers can apply for a $3,000 loan when self-employed, and you can also get a small loan if you’re unemployed.

Why apply for a small loan with Savvy?

Got more questions about $3,000 loans? Find the answers here

Who sees my bank statements?

Just the lender, and it’s read-only access, so they can’t change anything. Most cash loan providers use smart software to assess applications quickly. It’s all 100% secure, and way faster than applying for a loan with a bank, for instance.

Will a cash loan hurt my credit rating?

No – in fact, if you repay a payday loan on time each month or week, quite the opposite is true. In Australia, we use what’s called a ‘positive credit reporting’ system. What that means is every time you repay borrowing, be it a loan or a credit card, the transaction is recorded on your report. Over time, your credit score gradually improves, so paying back a loan on time will enhance your borrower profile. 

Who uses small loans?

All sorts of Australians use small loans to cover a range of different expenses and purchases. You can use a payday loan to pay for pretty much anything. Borrow money for school fees, apply for a small loan to pay veterinary bills, or even use a cash loan for travel.

Can I qualify for a small personal loan on age pension?

Yes. Lenders are concerned with affordability, not your age, occupation, or how you receive income. That means, as long as you can afford it, you can apply for a $3,000 loan on age pension and pay the same fees with the same repayment options as any other borrower. 

Why does the lender perform a credit check?

As we’ve learned, unlike mortgages and larger personal loans, your credit score isn’t what makes you eligible for a small loan. Lenders only check your credit report to make sure you don’t already have too many loans and that you’ve not had trouble repaying a similar small loan in the past.

Can I apply for a cash loan if I’ve never borrowed before?

You can! Having no credit history isn’t a problem for online lenders.

What happens once my loan gets approved?

Once you’ve submitted your application and it’s been approved (which typically happens within a couple of hours), the lender will send a digital contract which you can sign using your device and return. At that point, the loan provider will arrange for online funds transfer to your nominated bank account – and you’re done.

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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.