Apply for fair credit loans up to $5,000 through Savvy today and receive an instant outcome, regardless of your credit history.
Fact checked
Fact checked
Navigating financial challenges can be daunting, even with a fair credit score. However, Savvy can help you manage your bills with a small loan through one of our trusted lenders. You can not only receive an instant outcome on your application but also have the opportunity for formal approval and potential funding as soon as the same day you apply. With loans available up to $5,000 and repayment terms reaching as many as 24 months, you can get started today, all conveniently accessible through our comprehensive services.
Fair credit loans are simply a type of cash or small loan which are taken out by those with a reasonable credit score. These short-term loans can come in handy for unexpected expenses or simply for household costs when you're waiting for your next paycheque. You borrow a small amount and pay it back in instalments over a specific period, which can range from 16 days to up to two years. You get to choose how often you make these payments: weekly, fortnightly, or monthly.
The fees associated with your loan depend on how much you borrow and how long it takes you to pay it back. There are two main fees to think about when applying for the loan: the monthly fee, which is capped at 48% of your loan amount over a year, and the establishment fee, capped at $400. Knowing these fees helps you make informed decisions about your repayments.
If you have fair credit, you can apply for a loan through Savvy and potentially gain access to amounts ranging from $2,050 to $5,000, provided you meet the necessary lender eligibility criteria. This adaptable range caters to diverse financial needs, offering individuals the flexibility to choose an amount tailored to their specific requirements. It's crucial to recognise that each applicant's borrowing capacity is shaped by factors like their credit score, income, existing liabilities, savings, and other financial considerations.
Ultimately, what your lender chooses to approve you for is determined by what you can comfortably repay. Your income can be sourced from a stable job or jobs with consistent pay and hours, as well as eligible Centrelink payments, to receive a fair loan for your financial position. This doesn't mean you won't be approved if you're experiencing financial hardship, but if you're aiming for a loan with fortnightly repayments of $500 but only earn $400 per fortnight, for instance, your application will be rejected.
The process of applying for a fair credit loan through Savvy is simple and efficient. The online application form, taking just a few minutes to complete, allows you to provide essential information about yourself, your income, employment, and more. After submitting your application, you'll receive an instant outcome within 60 seconds. If approved, your lender will conduct a formal assessment of the application, potentially requiring additional documentation.
If they’re happy with the application, your lender will formally approve it and send you loan documents outlining all the important terms and conditions. After reviewing and signing, return them to your lender, and the funds can be advanced to your nominated account, which may be as soon as the same day you apply. Subsequently, you'll begin repaying the loan next week, fortnight or month, depending on what you chose.
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.
