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Cash Now Pay Later Australia

If you need cash now that you can pay back later, you can apply for a rapid small loan through Savvy today.

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 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 December 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.

Looking for funds now and a more convenient and flexible way to spread out your payments? Savvy offers a range of options from reputable Australian lenders which enable you to receive your cash now and pay it back later. With our streamlined application process and fast approval times, you can access the funds you need quickly and easily. Get the wheels in motion on your small loan application through Savvy today!

How do I apply for a cash loan now and pay it later through Savvy?

Securing a small loan through Savvy is an effortless and user-friendly process. Here's a step-by-step guide to applying:

  1. Complete our online application form, providing us with details about your financial situation, including credit history, income, employment details, and other relevant information. Select your desired loan amount, ranging from $2,050 to $5,000.
  2. Submit your application and receive an immediate automated decision from one of our partner lenders.
  3. In the event of conditional approval, your application will undergo a comprehensive assessment by your assigned lender. Additional documentation may be requested for verification purposes.
  4. Upon satisfactory assessment by your lender, you'll receive formal approval and your loan documents for signing. These documents will clearly outline your loan terms, fees, repayment schedule, and other important information.
  5. Upon signing and returning the loan documents, your loan funds will be directly deposited into your nominated bank account, allowing you to access your funds swiftly and conveniently.

How much can I borrow with cash loan now?

Small loans ranging from $2,050 to $5,000 are available through Savvy, subject to meeting the lender's eligibility criteria. This versatile range accommodates a variety of financial needs, allowing individuals to choose an amount that aligns with their specific circumstances.

Since each applicant's financial situation is unique, the loan amount you can secure may differ based on your individual circumstances. Factors influencing your borrowing capacity include your credit score, income level, existing debts, savings, and other relevant financial considerations. It is important to note that your income must come from one or more stable employment sources with consistent pay and work hours and/or from eligible Centrelink payments.

How long does it take to get approved for cash now to pay later in Australia?

As previously stated, you can apply for your small loan to receive cash now and pay it back later and receive formal approval, with the potential for having your funds released as soon as the same business day (potentially within an hour in some cases). However, it's important to remember that approval is always dependent on your application successfully passing all of your lender's mandatory assessments and meeting their eligibility criteria.

The speed at which your application is processed can be influenced by several factors:

  • The complexity of your application, including whether you have any defaults or if your income is steady.
  • The internal processing timelines of your chosen lender.
  • The timing of your application submission, as applying outside of regular business hours may necessitate waiting until regular hours for formal assessment to commence.

Why apply for a small loan with Savvy?

Frequently asked questions about cash now, pay later

Can I obtain cash now and pay it later with bad credit?

Yes – obtaining a small loan remains a viable option even for individuals with a less-than-perfect credit history, provided you comply with your lender's established criteria. While traditional lenders often prioritise credit scores, those offering small cash loans typically adopt a more accommodating stance, potentially enabling you to access cash now and pay it later.

Can I repay my cash loan funds earlier than expected?

Yes – you have the option to accelerate your small loan repayment without any early repayment penalties. Early settlement can be a great way to save money, as it minimises the total loan cost by reducing the amount paid in monthly charges.

Can I utilise my cash loan funds for more than one purpose?

Yes – while you're required indicate a purpose for your small loan application, you have the flexibility to utilise your funds in various ways. You may choose to allocate them towards multiple household expenses, for instance. However, it's important to be aware that there are certain restrictions on their usage, such as paying off other small loans or engaging in gambling activities.

How much will my fast cash loan cost?

The main expenses associated with securing a small loan include an initial establishment fee (not to exceed $400) and recurring monthly fees (capped at 48% of the loan's total value per year). However, the overall amount you will bear will be dependent on several additional factors, such as the loan amount, repayment duration, whether you make early repayments, and whether you incur any late payment or dishonour charges.

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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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