Bad Credit Unsecured Personal Loans with Fast Approvals Australia

Cover emergency expenses fast with a small loan through Savvy.

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 September 12th, 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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$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 September 12th, 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.

Life can certainly be unpredictable when it comes to the expenses it throws at us. In many cases, sudden costs will require immediate or fast payment that many of us simply can’t afford to make. No matter whether you’ve struggled with credit in the past, you can look to a small loan to help you pay for those emergency expenses.

At Savvy, we’re partnered with a range of lenders who understand your situation and are willing to work with you. You can receive an instant cash boost within the hour and cover expenses up to $5,000. Get started with your application now and have your funds transferred before you know it.

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The advantages of bad credit unsecured loans

Money in your account on the same day

Perhaps the most important feature of a small loan is the speed at which applications can be processed, with instant outcomes and same-day funds.

Get approved for $2,050 to $5,000

Loan amounts are flexible, too, with anything available from as little as $2,050 up to $5,000 to cover a wide variety of potential needs.

Use it how you like

Not only are they varied in size, but there’s essentially no limit to how you’re able to make use of your funds, such as for car rego, household appliances or even Christmas presents.

Flexible repayment options

You can choose the length of your loan from 16 days to two years and can even pay it off early at no extra cost.

Fixed, transparent fees

There won’t be any mystery about the fees you’ll pay on your loan: they’re all based on the size of your loan and are disclosed before you sign up.

Why apply for a small loan with Savvy?

How to get a fast approval for your bad credit unsecured loan

Frequently asked questions

Does that mean my application won’t need a credit check?

No – even when your credit rating isn’t crucial to the success of your application, your lender will assess your credit file. This isn’t to check your rating, though; this is to determine whether there are any recent defaults of similar loan types that they should be aware of and to analyse your residential history, as they look for borrowers with stability when it comes to their living situations.

Can I get an unsecured bad credit personal loan with fast approval as a discharged bankrupt in Australia?

Yes – we're partnered with flexible lenders who can work with customers who are either discharged from their bankruptcy agreement or even still under it. This also applies to those who have been discharged from Part 9 debt agreements for at least 12 months.

How much will my interest rate be on my unsecured bad credit loan?

Your loan actually doesn’t come with any interest: the costs associated with it are wholly fee-based, which means they aren’t as variable and open to fluctuation that other loans, such as variable rate personal loans, are. This enables more accurate budgeting around your repayments and can help you save money overall.

How much will my small loan cost?

Fees differ depending on the size of your loan. Regardless of what you're borrowing, however, your fees will be:

  • Application fee: up to $400
  • Ongoing fees: capped at 48% of your loan amount over 12 months
Are there any upfront fees for my bad credit unsecured loan?

No – the application fee charged on your small loan is built into your loan, spread evenly across your monthly repayments. If you pay out your loan prior to its original scheduled end date, you’ll be required to pay your establishment fee in full also (but not any additional ongoing fees).

Can I apply for a loan if I’m unemployed?

Yes – provided that the Centrelink income that you receive is accepted by your lender and any other income you may receive (such as rental income or superannuation) is stable and consistent, you can be approved for an unsecured small loan with bad credit and very fast approval in Australia.

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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.