Cash Loans Perth
Savvy helps you find the ideal cash loan before you know it. Apply online in minutes and get access to cash fast.
Cash loans in Perth
Nearly everyone could do with a little financial assistance here and there. The fact is that cash flow shouldn’t stop you in your tracks , and that’s where smaller loans can help. If you’re thinking about cash loans, Perth-based, and wondering if this option is right for you, you’ve come to the right place. Savvy finds cash loans for thousands of Aussies every year. We scan the market and match lenders with borrowers based on their requirements. That means more Aussies qualify for cash loans with Savvy than anywhere else – and the process is fast too.
Smaller loans, specialist lenders
Cash loans are for lower sums and generally get paid back over a shorter term than personal loans. Small loans get offered by specialist lenders, and you generally won’t find this type of loan at a bank. That’s because banks concentrate on bigger loans with longer repayment options. With loans between $2,050 and $5,000, payment schedules run for periods between 16 days and two years. Savvy partners with some of Australia’s best cash loan lenders. Applying is quick and easy.
Why apply for a small loan with Savvy?
Find answers to your frequently asked cash loan queries here
Can I top up an existing cash loan with a new one?
All cash loan lenders will insist you finish repaying your existing loan before taking on a new one. The good news is that there are no early repayment fees for cash loans in Perth, and providers usually allow extra repayments too. They’re both excellent features to have if you suspect you may want to get clear of borrowing earlier than planned or even take on a new loan for a different amount.
Is a cash loan right for me?
Cash loans are designed for borrowers who want a shorter-term, fixed cost option rather than using a credit card or an overdraft. When used correctly, cash loans are affordable and simple to budget for. However, if you need to borrow more than $5,000, it makes sense to apply for a personal loan because lenders offer the option to borrow larger amounts. If you’re looking to buy a new vehicle, a secured car loan will work out cheaper in the long run – and Savvy partners with automotive lenders who let you buy new or used.
Can I use a cash loan to pay a bill?
You can. The best rule of thumb is that you’re not covering your usual day-to-day expenses by borrowing – because that isn’t a sustainable situation. Cash loan lenders are responsible, but we all get unexpectedly high bills and sudden expenses such as car repair or rego renewal. Cash loans are also a great way to deal with recurring costs like car rego too. Repayment options are shorter than with personal loans, so you can limit borrowing to a period that covers just one or a few paydays.
What evidence of income will I need to supply?
If you’re working, you’ll need to upload a few of your most recent payslips. Borrowers who receive benefits can download a Centrelink Income Statement via their MyGov account and then upload that on the lender’s website. Lenders will need to see a few months of regular income before they approve an application.
How do cash loan fees work?
Cash loan fees are very straightforward because they’re based on a proportion of the amount you borrow. There are two types of fee to consider – the establishment fee and repayment fees. So, for example:
|Loan Amount||Repayment Terms Chosen||Total Repayment Fees||Repayment Fees Per Month||Max Establishment fee||Total monthly amount to pay||Total cost of your cash loan|
48% of $3,000 = $1,440
I’ve never borrowed before – can I qualify for a cash loan?
Having no borrowing history can prove to be a hitch if you’re looking to get a personal loan, vehicle finance, or a mortgage. However, today’s cash loan providers look more at your recent income and spending than your age or experience. You have to be eighteen or over and an Australian citizen or resident to apply for a cash loan in Perth. If you tick those boxes and have the necessary paperwork, you stand a great chance of qualifying for a cash loan with Savvy.
How long does a Perth cash loan application take?
Cash loan applications don’t take very long at all – in fact; you can complete one in minutes from your phone or computer. Online cash loans are one of the quickest financial products to access. That’s because lenders are based online, and that’s where the entire process takes place. Many providers get funds to you the same day you apply, so it’s a good idea to get an application started as soon as you decide to borrow. If you don’t have ID or documents ready, that’s ok – you can save your progress at any time and return to complete the application later.
Helpful small loan guides
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.