Apply for quick and easy small loan funds through Savvy, presenting a hassle-free alternative to apps like Wagetap.
Fact checked
Fact checked
Fast money lenders and apps like Wagetap have become a go-to option for Australians in need of quick funds. However, understanding alternative options is essential. That’s where Savvy can help you out. Through us, you can gain insights into Wagetap and similar apps, allowing you to compare them with the straightforward process of applying for a fast loan through us today!
Wagetap is a cash on demand app that offers users the convenience of obtaining pay advances, allowing them to access a portion of their earned wages before the standard payday. The maximum advance limit with Wagetap is $2,000, although this may vary based on factors like your app and the income you earn, as well as variables such as your employment status and history repaying similar debts.
Upon application approval, the requested amount is swiftly deposited into the user's bank account. From there, your repayment is structured to be seamlessly deducted from future payslips, with service fees applied in return for facilitating this smooth financial transaction.
Exploring apps like Wagetap reveals a fee arrangement characterised by simplicity. Much like other platforms in this category, these apps generally refrain from imposing interest charges and ongoing fees. Instead, users are charged a lone fee, which is typically 5% of the borrowed amount, scheduled for payment on your next payday. There are also processing fees for each loan with Wagetap, which tend to amount to less than $1 but depend on the size of the loan and your repayment frequency.
It’s worth understanding this fee structure as you evaluate different loan options. For example, a $100 loan would entail a fee of about $5, whereas opting for the maximum limit of $2,000 would translate to a fee of around $100.
For an uncomplicated and efficient solution alternative to apps like Wagetap, you may wish to explore the option of applying for a small loan through Savvy. We collaborate with trustworthy lenders throughout Australia, providing quick cash loans ranging from $2,050 to $5,000. The application process is user-friendly, completed online from start to finish. Upon submission, you can receive an instant outcome within just 60 seconds.
If conditionally approved, formal approval may not be far away, with funds potentially being sent in as little as one hour, depending on your lender and bank's processing times. Take the first step with us today to access the funds you need without unnecessary complications!
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.
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.
