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Learn more about your options when it comes to $700 small loans with Savvy today.
Author
Savvy Editorial TeamFact checked
Author
Savvy Editorial TeamFact checked
Unexpected expenses can throw a wrench into your financial plans, and quick access to funds can make a significant difference. $700 loans provide a flexible solution to cover those unforeseen costs that can arise. While Savvy doesn't offer $700 loans directly, it’s important to understand what your options are, as well as what you can get through us. Find out more about your options with Savvy today!
As mentioned, Savvy doesn't offer $700 loans through our trusted partners. However, various options are available to help you access rapid cash in Australia. These options include:
When considering these options, it's necessary to thoroughly examine your financial status and choose the solution that best works with your unique needs and circumstances. Each option has varying terms and conditions, so it's essential to understand how they work before proceeding.
Securing a small loan through Savvy is a straightforward and user-friendly process. Here's a step-by-step guide to applying:
As noted earlier, your small loan application could be approved, and your funds could potentially 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 – you have the option to accelerate your small loan repayment without any penalties. Early settlement can be a great way to save, as it minimises the total loan cost by reducing the amount of monthly fees paid.
Yes – upon receiving your small loan funds, you can utilise them for various purposes, not limited to the stated purpose on your application. For example, you may choose to apply them towards covering multiple household expenses. However, it's important to recognise that there are limitations on how these funds can be used, such as paying off other small loans or engaging in gambling activities.
The primary costs associated with your small loan are an upfront establishment fee (with a maximum of $400) and ongoing monthly fees (capped at 48% of your loan's total value per year). However, the final amount you pay will depend on several additional factors, including the loan amount, repayment duration, whether you make any early repayments, and whether any late payment or dishonour fees are charged.
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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