Bad Credit Unsecured Personal Loans with Fast Approvals Australia

Cover emergency expenses fast with a small loan through Savvy

Apply in less than 10 minutes.

Last updated on April 19th, 2022 at 04:13 pm by Thomas Perrotta

Fast personal loans for bad credit borrowers

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 $300 to $5,000

Loan amounts are flexible, too, with anything available from as little as $300 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 (depending on how much you’re borrowing) 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 you should choose Savvy for your bad credit personal loan

Savvy knows the car loan market well; we can help you find the best deal quickly and get you on the road in no time

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. If you’re borrowing an amount less than or equal to $2,000, your fees will be:

  • Application fee: up to 20% of your loan amount
  • Ongoing fees: up to 4% of your loan amount per instalment


For loans greater than $2,000, these fees are as follows:

  • Application fee: up to $400
  • Ongoing fees: up to 48% of your loan amount annually
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.