Cash Loans No Credit Check Australia

Apply for your cash loan with Savvy and get approved today, even if you have bad credit.

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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.

$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 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.

Has life just thrown a hefty bill at you which will stretch your finances? Applying for a cash loan with Savvy can help you get approved for the funds you need fast.  You may be searching for cash loans with no credit check if you’ve struggled with your score in the past, but this isn’t generally an option with reputable lenders.  Fortunately, you can get approved for up to $5,000 today with one of Savvy’s trusted and flexible lenders and not worry about bad credit.

Is it possible to get a cash loan with no credit check in Australia?

No – there’s no such thing as a cash loan with no credit check in Australia. All reputable lenders in Australia have to carry out a credit check before approving a cash loan as per responsible lending regulations, as they’ll need to make sure the borrower is clearly comfortable repaying the amount they’re applying for. However, Savvy's lenders are highly flexible and understanding, so a poor credit history won’t prevent you from getting instant approval for a quick cash loan, which is especially helpful in the case of an emergency.  What’s more important is whether you’ll be able to repay your loan comfortably.

When lenders assess your credit file, they’re not doing so to check your score. This is to gain a greater understanding of you as a borrower and see whether you have any existing payday loans on the go or recent defaults which may suggest you might be at risk of doing so again. Being able to repay your loan in the here and now is what the major approval factor is likely to be, so you won’t need to worry if your score isn’t the best.

How do I apply for a cash loan and how long will it take?

Whether you're wanting a cash loan in Sydney or applying for finance from Brisbane, Savvy’s application process is fast, only taking around ten minutes to complete as long as you have all your information handy before you start. The details you’ll need to supply as part of your internet-based loan application are:

  • your full name, address, date of birth, phone number and email address
  • 100 points of ID – which is easily achieved by providing your passport and driver’s licence. If you don’t have your passport to hand, you can also use your driver’s licence, Medicare card and a credit card in your name
  • your bank account details, both so that your income can be verified and your loan can be transferred to you
  • if you’re unemployed or part of your income comes from a Centrelink benefit, you’ll also need to provide your MyGov details so that information can be checked

Once you’ve filled out your form and sent it off, you’ll receive an instant outcome from your lender confirming whether your application was successful or not.  If it was, they’ll assess it formally and, if satisfied, will offer approval.  They may also request further documentation at this stage, which could delay the process slightly but is relatively common.  Once formal approval is offered, your loan contract can be sent for you to sign and return.

After this has been sent back to the lender, they can arrange for your funds to be transferred.  In most cases, this can take place on the same day you apply, although it ultimately depends on several factors such as your financial institution’s processing speed, the time of day you apply (the later, the less likely to be received on the same day) and whether you were required to supply any further documents.

What fees should I expect to pay for my cash loan?

Payday loan fees are capped and fixed, meaning there won’t be any hidden fees outside of your contract.  This means everyone will pay fees on the same basis, regardless of whether you’re seeking out finance in Melbourne or a loan up north in Darwin.

All loans will come with an establishment fee of no more than $400, while monthly fees can't exceed 48% of your loan amount over 12 months. It’s important to note that the actual amount you’ll be required to pay will also depend largely on the term of your loan. The following table demonstrates how different term lengths can impact the overall cost of your loan, based on a $3,000 loan with monthly repayments:

Loan amount Loan term Monthly repayment Total repaid Total saving
$3,000
12 months
$403.33
$4,840
N/A
$3,000
Nine months
$497.78
$4,480
$360
$3,000
Six months
$686.67
$4,120
$720

Why apply for a small loan with Savvy?

More questions about cash loans

Can I get a cash loan if I’m a disability pensioner?

Yes – the fact you’re applying for a loan on a disability pension won’t stop you from getting approved.  Lenders look for borrowers who have a stable income and are earning enough to support their repayments, so a disability pension can be accepted as part of your income, even if you’re unemployed.

Can I apply for a cash loan over the weekend?

Yes – online instant cash loans are available 24/7, so you can complete your application at any time of the day or week.  You can also receive an instant outcome over the weekend, but the full processing and funding of your application can only take place within business hours, so you likely won’t be able to receive your money on a weekend (unless your lender is open on a Saturday).

Can I choose when to make my repayments for my cash loan?

Yes – you’re given the choice as to whether you make your loan repayments weekly, fortnightly or monthly.  You can conveniently set up your repayments to come out of your bank account the day after you’re paid so all your repayments run smoothly.  If you’re able to make additional repayments, you could also pay off your loan sooner which would save you money on monthly fees.

What can I use my cash loan for?

You can borrow money for a whole variety of reasons.  The most common reasons to apply for instant cash loans include:

  • vehicle breakdowns and repairs
  • emergency appliance replacement (such as fridges and washing machines)
  • medical expenses (both for human and furry family members)
  • debt consolidation
  • urgent house repairs or maintenance
  • assistance with rent or mortgage payments

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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.