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If you need $100 now, find out what steps you can take in Savvy’s handy guide.
Author
Savvy Editorial TeamFact checked
Author
Savvy Editorial TeamFact checked
When you find yourself in a situation where you need $100 now, understanding your options is crucial. While Savvy doesn't offer $100 loans directly, we can help you navigate the financial landscape and understand what options are available to you as a borrower. Unexpected expenses can be stressful, so find out more about your quick cash options with Savvy today!
Although there aren’t any $100 loans available to those who need money now, there are several alternative pathways that exist which can provide fast cash in Australia. These options include:
It's important to thoroughly evaluate your financial situation and select the choice that best suits your unique needs and circumstances when weighing up these options. Before moving forward, it's important to understand each option’s unique terms and conditions.
Acquiring a small loan through Savvy is a straightforward and hassle-free process. Here's a simple guide to get you started:
As mentioned earlier, you have the opportunity to apply for your small loan and receive formal approval, with the potential of having your funds released as soon as the same business day (potentially within an hour in some cases). However, approval is always dependent on your application successfully passing all of your lender's mandatory assessments and meeting their eligibility criteria.
The processing time for your application may be influenced by the following factors:
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.
Yes – even if your credit history may raise concerns, you can still explore the possibility of securing a small loan, provided you meet your lender's other criteria. While traditional lenders often place a strong emphasis on credit scores, those specialising in small cash loans tend to exhibit greater flexibility.
Yes – prepaying your small loan is permitted, and there are no early repayment penalties. Early settlement can reduce the overall loan cost by minimising the total monthly fees paid.
Yes – even though you indicate a specific purpose for your small loan application, you have the flexibility to utilise the funds in various ways. You may choose to allocate them towards multiple household expenses, for instance. However, it's important to be aware of certain restrictions on their usage, such as paying off other small loans or engaging in gambling activities.
The main expenses associated with securing a small loan include an upfront establishment fee (not exceeding $400) and ongoing monthly fees (capped at 48% of the loan's total value annually). However, the overall amount you will pay will be influenced by several additional factors, such as the loan amount, repayment term, any voluntary additional repayments you make, and potential late payment or dishonour charges.
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.
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