Explore the simplicity of obtaining fast small loan funds by applying through Savvy, providing a hassle-free alternative to apps like Zip Pay.
Fact checked
Fact checked
The popularity of fast money apps and lenders like Zip Pay continues to grow in Australia, offering borrowers a quick and easy solution to access necessary funds. While they’ve gained traction, it's essential to be aware of other options available, and Savvy can help. Dive into the details of Zip Pay and similar apps, weighing them against the simplicity of applying for a fast loan through us today!
Zip Pay is an app designed to offer buy now, pay later (BNPL) services to those looking to space out the cost of their purchases. How this works is that, upon purchasing an item through your BNPL provider, you’ll repay the cost over a set term without interest. In the case of Zip Pay, the limit on your account can go up to $1,000, although it’ll ultimately depend on the app or lender you choose, as well as factors specific to your profile like your income, debt and borrowing history.
Once you complete your purchase, you’ll begin repaying the amount over the next week, fortnight or month from as little as $10 per week. Although no interest will be charged, you may be charged an account fee on apps like Zip Pay.
As mentioned, BNPL services like Zip Pay don’t tend to come with fees or interest relating to the loan itself. However, in Zip Pay’s case, you’ll be charged a monthly account fee of $9.95 for your time using the service, which will be waived if you’re able to pay your statement closing balance in its entirety by the set due date. If you don’t make your repayment on time or are unable to make the minimum payment, you’ll be charged a late fee of $5.
It's important to think about the amount you may have to pay as part of your time using this service. If you make a $150 purchase and pay it off by the monthly due date, Zip Pay won’t charge any fees for doing so. However, if you paid the minimum $40 per month, you’d be charged $29.85 in total.
Looking for a user-friendly and reliable alternative to apps like Zip Pay? You can apply for a small loan through Savvy today. We work with reputable lenders offering fast cash loans ranging from $2,050 to $5,000 to give a wide range of Australians greater access to the loans they need. The application process is fast and easy and can be entirely completed online.
Upon submission, you can expect an instant outcome in just 60 seconds. If you’re conditionally approved, formal approval can be expedited, and funds may be released in as little as one hour, depending on your lender and bank's processing times. Get started with us today and experience a hassle-free way to access the financial support you need!
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.
