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Apps like Beforepay

Apply for a fast cash loan through Savvy today as a quick and easy alternative to apps like Beforepay.

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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 January 25th, 2024       

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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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 January 25th, 2024       

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.

Fast money apps and lenders like Beforepay have become a popular way for Australians around the country to access the funds they need quickly and easily. However, it’s important to understand what your other options are when it comes to cash loans, which is where Savvy can help you out. Find out more about Beforepay and other apps like it and how they stack up against applying for a fast loan through us today!

How do apps like Beforepay work?

Beforepay is an app designed to offer pay advances (also known as pay on demand) for individuals using it. How this works is that you’ll essentially be able to access a portion of the money you will have earned at your job before your payday. In Beforepay’s case, this is up to $2,000, but the portion of your pay which will be accessible early will depend on the app or lender you choose and the amount you earn, as well as factors specific to your profile like your debt and borrowing history.

Once you apply for your loan, you can be approved promptly and receive the cash directly in your account. The amount you borrow is subsequently debited from your next payslip or payslips, with extra service fees charged to enable you to do so.

What fees will I have to pay with apps like Beforepay?

When it comes to apps like Beforepay, the fee structure is quite simple. As mentioned, there is no interest charged, nor are there ongoing fees for using the service. Instead, there’s a single fee of 5% of your loan amount charged every time you borrow, which is due on your next payday.

It’s important to keep this in mind when applying for your loan and comparing your options. For example, if you’re looking to borrow $100, this would be a $5 fee. However, borrowing at the maximum of $2,000 would result in a $100 fee.

What alternatives to apps like Beforepay are available?

One of the simplest and easiest alternatives to apps like Beforepay is applying for a small loan through Savvy. We’re partnered with trusted lenders from around Australia to bring you fast cash loans when you need them, ranging from $2,050 to $5,000.

Once you complete our simple online application process, you can receive an instant outcome in just 60 seconds and, if conditionally approved, you can receive formal approval and have the funds sent to you in as little as one hour (though the time it takes to reach your account will depend on your lender and bank’s processing times). You can get the process started with us today and access the funds you need before you know it!

Why apply for a small loan with Savvy?

Common questions about small loans

Can I get a small loan with bad credit?

Yes – securing a small loan is still an option, even if your credit history is less than perfect, as long as you satisfy the eligibility criteria set by the lender. Despite traditional lenders emphasising credit scores heavily, those providing small cash loans generally take a more adaptable approach.

Can I pay off my small loan before the due date?

Yes – repaying your small loan early is an option without incurring any penalties for early settlement. Settling the loan ahead of schedule can be a smart financial move, as it minimises monthly fees and ultimately reduces the overall cost of the loan.

What can I use my small loan funds for?

Once you obtain your small loan funds, you’ll have the freedom to use them for various purposes. They can be directed towards covering different household expenses or addressing immediate financial needs. However, it's crucial to be aware of certain usage restrictions, such as refraining from paying off other small loans or participating in gambling activities.

Can I receive my small loan funds on the weekend?

Your loan application can only undergo formal assessment, approval, and funding during your lender's standard business hours. If your lender operates on Saturdays or Sundays, there's a possibility that you could receive your loan funds over the weekend. However, keep in mind that the actual disbursement of funds is also contingent on bank processing times, so even if your lender approves your application on the weekend, the funds may not be available immediately.

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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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