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Read about your options for an $800 loan in Australia with Savvy.
Author
Savvy Editorial TeamFact checked
Author
Savvy Editorial TeamFact checked
Life's unpredictable events can sometimes leave you needing access to funds quickly. $800 loans offer a convenient way to cover those sudden expenses that can disrupt your budget. While Savvy doesn't offer $800 loans directly, we can help you understand your financing options and make informed choices about your financial needs. Learn more about your options with Savvy today!
While Savvy doesn't directly offer $800 loans, there are several alternatives available for those seeking quick cash in Australia. These options include:
When considering these options, it's crucial to carefully assess your financial situation and choose the solution that best aligns with your individual needs and circumstances. Each option has varying terms and conditions, so it's essential to understand the implications before proceeding.
Acquiring a small loan through Savvy is a simple and efficient process. Here's a step-by-step guide to applying:
As previously stated, you can apply for your small loan and receive formal approval, with the potential for having your funds released as soon as the same business day (potentially within an hour in some cases). However, it's important to note that approval is always dependent on your application meeting all of your lender's required assessments and criteria.
The processing speed of your application is subject to several factors:
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 – obtaining a small loan remains a viable option even for individuals with a less-than-perfect credit history, provided you comply with your lender's established criteria. While traditional lenders often prioritise credit scores, those offering small cash loans typically adopt a more accommodating stance.
Yes – early repayment of your small loan is permitted, and there are no penalties associated with doing so. Settling your loan ahead of schedule can reduce the overall loan cost by reducing the total paid in monthly fees, which could be significant for your budget.
Yes – once your small loan funds are disbursed, you have the flexibility to direct them towards diverse financial objectives, 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.
When obtaining a small loan, you will incur two primary costs: an establishment fee (capped at $400) and recurring monthly fees (limited to 48% of the loan's total value per year). However, the total amount you pay will also depend on several other factors, such as the loan amount, repayment term, any additional repayments you choose to make, and whether you are charged any late payment or dishonour fees.
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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