Apply for express loans up to $5,000 through Savvy today and enjoy a rapid approval and funding process.
Fact checked
Fact checked
Urgency demands swift solutions, so express loans available through Savvy are designed precisely for that purpose. By utilising our platform which connects you with an appropriate trusted lender, you not only gain access to instant outcomes but also the potential for formal approval and funding on the same day you apply. Take control of your financial situation with confidence and apply for a small, fast loan through us today!
Express loans, or small loans, provide a fast and simple solution when you need extra cash in a hurry. These short-term loans are popular among those looking to cover unexpected expenses, such as rising bills or car repairs. In terms of how they work, you borrow a small amount and pay it back in instalments over a specific period, which may vary from 16 days to two years. You get to choose how often you make these payments: weekly, fortnightly, or monthly.
However, it’s important to understand the costs associated with express loans. The fees depend on how much you borrow and how long it takes you to pay it back. There are two main fees to consider: the monthly fee, which is capped at 48% of your loan amount over a year, and the establishment fee, capped at $400. Having an idea of what these fees are can help you work out the overall cost of your loan.
Express loans and quick payday advances through Savvy offer the flexibility to borrow amounts ranging from $2,050 to $5,000, provided you meet the necessary lender eligibility criteria. This broad range caters to various financial needs, allowing applicants to choose an amount relevant to their specific requirements. However, it's important to understand that each applicant's borrowing capacity is influenced by a range of variables. These include credit score, income, existing liabilities, savings, and other key considerations. As a result, your borrowing amount may differ from another applicant with distinct financial circumstances.
Ultimately, your loan amount is contingent on what you can comfortably afford to repay on an ongoing basis. Your income, which will be sourced from stable employment (one or more jobs) with consistent pay and hours and/or eligible Centrelink payments, will play a major role in determining your eligibility. For instance, if you're seeking a loan with fortnightly repayments of $600 but only earn $500 per fortnight, your application won’t be accepted.
Applying for express loans through Savvy is a quick, straightforward and user-friendly process. Our application form takes just a few minutes to complete, allowing you to provide essential information about yourself, your income, employment, and more online. Once you submit it, you’ll get an automatic instant outcome within 60 seconds. If you’ve been conditionally approved, your lender will conduct a formal assessment, possibly requiring additional documentation.
If they’re satisfied with everything, your lender will offer formal approval. This will involve sending you loan documentation outlining all terms and conditions, including the repayment schedule, term, fees, and more. After reviewing and signing the documents, return them to your lender, and the funds can be advanced to your nominated account. You'll then begin repaying the loan according to the schedule selected in your loan contract.
No matter the time of day or week, you can complete your small loan application with us online.
You can receive an outcome in 60 seconds and, if successful, have your money sent in just one hour.
We're partnered with reputable Australian lenders to bring you greater peace of mind when applying for your small loan.
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.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
