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Access Pay Early

Looking to access your pay early? Apply for a fast cash loan through Savvy today and receive an instant outcome.

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 18th, 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.

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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 18th, 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.

Need to access some of your pay early before your pay day? You can borrow up to $5,000 to cover unexpected bills, bridge the gap to payday, or seize unforeseen opportunities with a small loan through Savvy. Our streamlined platform enables you to receive an instant outcome and, if approved, formal approval and funding as soon as the same day. Take control of your finances by applying through us today!

How can I access my pay early?

When you’re looking to access your pay early, a small loan through Savvy offers quick access to cash to help cover unexpected expenses or essential obligations. Whether it's a car repair, a medical bill, or simply catching up on bills, Savvy can help you handle life's curveballs with confidence.

Our streamlined application process makes getting help hassle-free:

  1. Apply online: provide some basic information about your situation, including purpose of the loan and income details.
  2. Instant decision: receive an indicative answer in 60 seconds from our network of trusted lenders.
  3. Further review: upon pre-approval, your lender will formally assess your application and may request additional details as part of this process.
  4. Formal approval: if all checks clear, you'll receive your loan agreement outlining terms and repayment schedule.
  5. Get funded: sign and return the agreement, and your funds can be deposited directly into your chosen account.

How much of my pay can I access early with a small loan?

When applying for your small loan to access your pay early through Savvy, you have the opportunity to secure a sum ranging from $2,050 to $5,000, contingent upon meeting the eligibility criteria set by the lender. This flexible range accommodates diverse financial needs, enabling you to choose an amount that best suits your specific requirements.

As everyone's financial situation is unique, borrowing capacities may vary based on individual circumstances. Factors such as credit score, income, existing debts, savings, and other pertinent financial considerations play a crucial role. It's important to note that a stable income, derived from one or more jobs with consistent pay and hours and/or eligible Centrelink payments, is a key requirement.

How long will it take for me to receive early access to my pay?

Same-day approval and funding is possible when it comes to your small application. However, it's important to keep in mind that the process might take a bit longer depending on certain factors. Your loan approval hinges on your application meeting all the criteria set by your matched lender, with some of the main factors including the following:

  • Application complexity: some applications require more in-depth review due to issues relating to your specific circumstances or financial situations.
  • Lender assessment: each lender has its own evaluation process and timeframe, meaning not all lenders are necessarily as fast as one another.
  • Submission timing: applications received late in the day or on weekends may be processed on the next business day.

Why apply for a small loan with Savvy?

Frequently asked questions about accessing pay early

What are my other options for accessing my pay early?

The main alternative to a small loan is a specialist pay advance app, of which there are a few in Australia, for this specific need. These function slightly differently from a standard small loan and may enable you to advance a portion of your expected payslip.

Can I repay my small loan early?

Yes – early repayment of your small loan is permitted. Unlike some traditional loans, there are no penalties associated with repaying your loan early. This can lead to reduced total interest paid if the loan is settled before the scheduled maturity date.

What can I use my small loan for?

As long as you comply with the applicable loan terms and conditions, you can use your loan funds however you like. Any remaining loan amount after addressing your stated purpose on your contract can be used for other purposes, such as supplementing your household budget or covering additional home repairs.

How much will it cost to access my pay early?

The main costs associated with your loan comprise an establishment fee, capped at $400, and interest, which cannot exceed 48% p.a. The overall amount you will pay is determined by various factors, including:

  • Size of the loan
  • Duration of the loan (ranging from 16 days to two years)
  • Repayment frequency (weekly, fortnightly, or monthly)
  • Any extra payments made
  • Accrual of contingent fees, such as charges for late repayment or dishonoured payments

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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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