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Bill Loans

Apply for a bill loan through Savvy today and receive an instant outcome.

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 December 11th, 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.

$2100
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$500
$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 December 11th, 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.

Managing your household bills can sometimes be overwhelming. Bill loans through Savvy offer a quick solution to help you ease your financial burden, whether you need it for your internet, phone, electricity, gas or any other bills eating into your budget. Apply for your bill loan through us for up to $5,000 today and receive approval and funding as soon as the same day. Don't let your expenses pile up; apply with Savvy today!

How do I get a bill loan?

You can secure a fast emergency loan to cover your household bills through Savvy. These loans are specifically designed for quick application, approval, and fund transfer, making them ideal for addressing urgent or unexpected financial needs related to your bills.

The application process through Savvy is simplified and user-friendly. Follow these simple steps to apply for a speedy bill loan:

  1. Fill out our application form, providing information about yourself, including credit score, income, employment, and more.
  2. Submit your application and promptly receive an instant, automated outcome from our network of lenders.
  3. If conditionally approved, your application undergoes assessment by your designated lender, potentially requiring additional documentation.
  4. Upon the lender's satisfaction, you'll receive formal approval and loan documents outlining terms, fees, repayment schedule, and other relevant details.
  5. After signing and returning the documents, your funds will be promptly transferred to your nominated account, providing quick relief for your bill-related financial needs.

How much can I borrow with a bill loan through Savvy?

When it comes to covering bills, Savvy offers a versatile borrowing range, allowing you to secure any amount between $2,050 and $5,000 with your small loan, subject to meeting the required lender eligibility criteria. This flexible spectrum accommodates diverse financial needs, enabling you to choose an amount aligned with your specific bill requirements.

Factors such as credit score, income, existing liabilities, savings, and other relevant financial considerations influence your borrowing capacity. Keep in mind that the amount you can borrow may vary based on your unique financial situation. Additionally, your income must come from one or more jobs with stable pay and hours and/or eligible Centrelink payments.

How long will it take to receive my bill loan funds?

Acquiring funds for your bills is a seamless process, with the potential for formal approval and fund release on the same day, potentially within one hour of application. Approval is contingent on your application meeting all necessary lender criteria and successfully passing required assessments.

It's important to recognise that the speed of your application's approval can be influenced by various factors:

  • The complexity of your application, taking into consideration factors such as defaults and the stability of your income.
  • Your lender's processing time, affecting how quickly they can assess your application.
  • The timing of your application submission, with those outside regular business hours awaiting your lender's resumption of formal assessment.

Why apply for a small loan with Savvy?

Frequently asked questions about bill loans

Can I access a bill loan with bad credit?

Yes – you can access a bill loan with bad credit, assuming your profile is approved by your lender. Traditional lenders may prioritise credit scores, but lenders offering bill loans consider various factors, including your current financial circumstances. This makes bill loans accessible even if you have bad credit.

Is settling my bill loan early an option?

Yes – settling your bill loan early is an option. Lenders offering loans and other quick payday advances understand that borrowers may wish to pay off their loans ahead of schedule. Doing so doesn't incur additional penalties, allowing you to save on monthly fees.

Is it possible to use the funds from my bill loan for purposes other than paying bills?

Yes – you can allocate the funds from your bill loan for various purposes beyond paying bills. If you have leftover funds and want to address other financial needs, such as buying a new laptop, you have the flexibility to decide. However, it's important to note that certain restrictions apply to the use of these funds, such as settling other small loans or engaging in activities like gambling.

How much will my bill loan cost?

Your bill loan costs consist of the establishment fee (capped at $400) and monthly fees (capped at 48% of your loan’s total value per year). The specific amount you pay will be influenced by factors like:

  • The loan amount
  • Your loan duration (between 16 days and two years)
  • Your selected repayment frequency (weekly, fortnightly or monthly)
  • The occurrence of additional repayments
  • Potential conditional fees, such as late repayment or dishonour fees

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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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