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Fast Loans

Need funds in a hurry? No need to wait when you apply for fast loans online. Smarter lending with speedy outcomes!

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 September 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 September 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.

Fast loans right when you need them 

Fast loans are designed to allow access to cash at short notice. If you need to fix the car, pay a huge electricity bill, or even if you’ve suddenly got the chance of a weekend away – you can use a fast loan. You can arrange a fast loan online and receive the funds just as soon as you need them, not when it’s far too late. Fast loans come with convenient repayment options, and it doesn’t cost the earth to get one. 

It doesn’t get any easier than fast loans

Fast loans work for busy lives. When you’re in a hurry, who needs paperwork anyway? With fast loans, just upload a couple of documents, fill out a quick online form, and grant read-only access to bank statements, then receive an offer in minutes. Apply from a smartphone or laptop any time of the day and don’t miss out on opportunities or struggle with emergencies for any longer than you absolutely need to.

How do fast loans work?

Fast loans enable you to access anything between $2,050 and $5,000. You can pay back any fast loan as quickly as sixteen days if you only need the funds for a short time, or you can repay them over a maximum term of two years.

Fast loans are specifically for borrowers that need access to cash quickly, so the application process is streamlined when compared to things like home loans, for instance. That’s possible because the primary concern for lenders in this space is your ability to repay the finance comfortably. They assess you based on your current situation rather than past credit problems. As long as you’ve had a steady income for a few months, fast loan providers will consider your application. Fast loans are offered by modern online lenders, so you don’t have to wait long for funds.

How do fast loan fees work?

Fast loan fees are fixed, so it’s easy to work out how much each one costs. The main way that varies depends on how long you borrow for. All establishment fees will be set at $400, while monthly fees are capped at a maximum of 48% per year.

If you want to keep your costs down, you should only borrow what you need and pay it back as soon as you can. However, you shouldn’t overstretch, and it’s important to work some wiggle room into any plan. Being late with repayments will also incur a fee, although that aspect of borrowing is capped too with a fast loan. Here’s a couple of examples that show how fast loan fees work according to how long you borrow:

Loan amount Setup fee Term Repayments Repayment fee Fortnightly repayment Total cost
$2,500
$400
10 months
10 x $250
10 x $100
$177.27
$3,900
$2,500
$400
2 months
2 x $1,250
2 x $100
$620
$3,100

Why apply for a small loan with Savvy?

How to Apply for a Fast Loan Explained by Savvy

Need More Information About Fast Loans? Check the FAQs

Can I get a loan same day?

You can! Most fast loan applications are quick and easy. Just make sure to fill out your form promptly, then attach any required ID and documents, and you’ll be good to go. Some loans get settled overnight, but fast loans are called fast loans for a reason.

Can I get a loan with a low credit score?

Lenders mostly check your credit score for existing borrowing, not so much to assess your borrowing history, so bad credit loan applicants won’t have too many issues. Chances are, if you can comfortably afford to repay a fast loan, you’ll be successful.

Can I get a fast loan on Centrelink?

Savvy partners with several lenders that will consider applications for Centrelink loans.

Can I get a loan if I’m self-employed?

You can apply for finance even if you work for yourself. Many of Savvy’s lender partners consider self-employed loan applicants.

How much can I borrow with fast loans?

You can access up to $5,000 with fast loans.

What can I use fast loans for?

You can use fast loans for pretty much any purpose, from paying doctor’s or dentist’s bills to buying a car or taking a trip.

Can I pay off fast loans early?

You can, and there are no early repayment fees with a fast loan.

How quickly will I receive my money?

Once your application is approved and you sign your agreement, fast loan lenders will send your money pretty much immediately.

How do I get my money?

Loan providers transfer funds directly to the bank account you nominated during the application process. 

How do I repay fast loans?

You can repay a fast loan, so it suits your pay cycle. Choose a weekly, fortnightly, or monthly repayment schedule.

I need to borrow more than $5,000. What are my options?

If you need a larger sum, you can still arrange funds quickly and easily online via Savvy. Use the website to compare personal loans, and if you want to buy a vehicle, try comparing secured car loans instead. Savvy partners with dozens of Australia’s top lenders, so it’s easy to arrange finance for pretty much any purpose.

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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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