Keeping on top of your bills can be even more hassle when you’re out of work and looking for a job. If unexpected costs arise, though, being unemployed shouldn’t stand in the way of you getting an emergency cash loan to cover some costs.
Fortunately, applying for your cash loan with Savvy is fast and simple. By partnering with reputable Australian lenders, we can help you get approved and funded as soon as the same day you apply. Start giving your budget some breathing space and apply with Savvy today.
Yes – you can get instant approval on emergency finance as long as you’re earning some form of steady income which can be made up of a mix of fixed government benefits and wages. Many fixed Centrelink benefits can be counted as sources of income when you apply for a loan, including:
Bridging Centrelink benefits, such as JobSeeker and Youth Allowance, for those temporarily out of work can’t be counted towards your fast cash loan. These are temporary measures meant to support you while you’re studying or transitioning out of unemployment. Investment revenue and superannuation payments are other forms of income that can be counted towards your loan application.
In terms of what you can borrow, you can apply for between $300 and $5,000, but how much you’re approved for will come down to your income, expenses, spending and current liabilities. Lenders will check your payment history on other cash loans as part of a credit check, which can also impact how much you can borrow.
You’ll have to meet some standard eligibility requirements to qualify for an urgent cash loan, for which you can apply online with Savvy. To be eligible for a cash loan, you must meet the following requirements:
Once you’ve checked that you meet all the criteria, you can go ahead and apply for your fast and convenient online cash loan with Savvy. After choosing your small loan amount and telling us why you need it, you’ll be asked to provide the following details to receive an outcome immediately:
Once you submit this initial application, you’ll receive an instant outcome from a direct money lender. The lender will then go about verifying the information you’ve provided during the initial application. This includes running a check of your borrowing history and requesting a read-only copy of your bank statements. If they’re satisfied with your application, you can receive formal approval soon after.
Your cash loan can be paid out with no hassle and hit your account as soon as the same day you apply. This will depend on several factors, including your application and personal circumstances.
After being formally approved, lenders will send you a digital loan contract to sign so your payday cash loan funds can be released to a nominated bank account. While your money should hit your account on the same day you apply, there are some factors which can impact this. These include your bank’s transfer times, the time you apply and whether your lender needs additional information.
The earlier you apply in the day and week, the less likely your application is to run into the next day or week. For instance, a Monday morning application is better than a Friday evening one in terms of having your application formally processed. It’s also a good idea to have your documents saved on your computer or smartphone so they can be readily uploaded and speed up receiving your funds.