Fast Cash Loans
Need a fast cash loan to tide you over? Get approved with Savvy.
Find fast cash loans – and apply online
Sometimes, getting access to cash just isn’t enough – there are times when speed is essential – and that’s where Savvy comes in. Fast cash loans come with speedy online applications and rapid funds transfers. You can borrow up to $5,000 and repay quickly, or spread repayments up to two years. Whatever the expense, however you need to borrow, there’s an option for you. Aussie borrowers use fast cash loans to pay urgent bills, rental bonds, and even for car rego. When you need that money in a hurry, Savvy can help.
Qualify for a cash loan with Savvy
Here at Savvy, we’ve learned a lot from helping thousands of Australians qualify for fast cash loans over the years. We know different borrowers have varying priorities and schedules. Not every lender is right for every person or purpose – and that’s how we help. When you shop for a cash loan through Savvy, we’ll look at your needs and figure out which of our network of loan providers suits you best. We won’t just connect you to the first offer out there, and that approach leads to fewer problems and faster solutions.
Why apply for a small loan with Savvy?
How do I apply and get approved for a fast cash loan?
Submit your online application
The application will ask you questions about your employment, residential address, income, expenses, living arrangements, marital status and loan purpose.
Don’t stress when you need cash fast; here’s how it works
Can I use a cash loan for anything?
You pretty much can! Cash loans are unsecured, so you don’t need to buy a car or anything specific. You can start a business, cover the cost of car repairs, go on holiday, or even pay an unexpectedly high phone bill with a cash loan – the choice is yours. Lenders will look at your application and bank statements to make sure you’re not relying on a cash loan to cover day to day expenses – because that’s not sensible or sustainable borrowing. Fast cash loans are designed to meet unexpected costs and gaps in your cash flow caused by seasonal or irregular work, and it’s important to ensure you can afford to borrow before you make an application.
How do I apply for a fast cash loan?
Applications are quick and easy. Everything gets done on the web from your phone or computer. Lenders get you to fill out a quick form; then, they’ll ask you to upload or grant read-only access to the last 90 days of your bank statements. You can also upload proof of ID and address and then wait for a decision. Once you’re approved, lenders send an agreement, which you can sign and send back digitally, and you’re set. Funds transfer is usually rapid – you’ll nominate a bank account when you apply.
What’s the difference between a bank loan and an online loan?
Online loans are a shorter-term option than personal loans and bank loans. You can repay as quickly as just 16 days or choose to extend payments over two years. With a fast cash loan, you can borrow anything between $2,050 and $5,000. Most bank loans represent longer-term commitments and offer more considerable sums. Generally, the application process for cash loans is much quicker than bank loans too.
How does the loan approval process work?
Lenders ask for a few months’ worth of bank statements so they can assess your income and spending. They’re more interested in whether your loan is affordable than anything else and mainly check your credit report for existing borrowing – not past problems or a low score. In fact, you won't be able to get a fast cash loan in Australia with no credit check. If you’ve got one or two existing short-term loans active, the lender is unlikely to approve your application so it’s a great idea to make sure you’re on top of that before you apply.
How long does a fast cash loan application take?
The application process takes minutes, and lenders differ slightly in terms of settlement (handing over your cash). Most loan provider websites indicate average settlement times, and it’s a good idea to ask that question before you commit. Fast cash loans are called that for a reason, however. The key to the speed is in the way lenders assess applications. Unlike when you take out a bank loan, there isn’t tonnes of paperwork to find. Past credit problems don’t automatically disqualify you from getting a fast cash loan either, so it takes lenders a relatively short time to figure out if you can afford to repay – based on your current situation, rather than lots of different factors and your history. Some fast cash loan lenders get funds to you the same day you apply.
How do I know I’m getting the best loan option?
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.