It can be a major headache if you’re struggling to make ends meet and need money desperately to cover urgent costs, so if you need a small loan to tide you over, Savvy can help you.
We’re partnered with flexible lenders to ensure you get a decision on your application as soon as you apply. Our 100% online application process makes it simple and easy to apply, so get your application underway now.
If you’re in desperate need of money, you can apply for a small loan with Savvy now. Our online application process is easy to navigate and, in most cases, you’ll receive your loan funds on the same day you apply. Your initial Savvy form will only take you around ten minutes to complete and is very simple to follow.
Lenders can release your funds not long after you’re offered formal loan approval. This can happen once you submit an initial application, undergo a credit check and your information, income and expenses are verified. Several variables can impact the time it takes to process your application and receive your money, though, including:
You’ll need to check you meet your lender’s eligibility criteria if you need money desperately and want to apply for a loan today. These requirements tend to be pretty standard across all lenders and generally include:
You must be at least 18 years old to apply for a small loan. Lenders will ask for several digital documents to verify your age and identity, including:
Income and employment
You must be earning a steady income for at least three months prior to applying for a loan and share details of your employment status (including where you work and how long you’ve been working). Most lenders will allow you to factor in multiple forms of income, such as:
You’ll need to share how much you pay to rent, board or own your home. Your other ongoing expenses, such as outstanding liabilities and monthly living costs such as food and school fees, will also be considered by your lender.
You must be a permanent Australian resident or citizen to apply. If you’re living in Australia as a temporary resident on an accepted visa, there may be lenders on the market who can help if you need a loan, but your options will be significantly reduced.
Lenders won’t approve you if you have outstanding and unpaid short-term loans. Having multiple loans to your name can increase the risk of default.
Having a working Australian mobile phone number and email address is a must as lenders will email you digital loan documents and may need to contact you by phone.
Lenders will request ‘read-only’ access to 90 days’ worth of online bank statements, so you must have access to internet banking for these to be provided. If you’re a recipient of government benefits, you may also be required to supply a Centrelink income statement to help verify your income.
Emergency loans are incredibly versatile and can be used to cover a wide range of urgent costs. Some of the ways you can use your emergency cash include:
If you need money desperately because you’ve got a broken tooth that requires an urgent trip to the dentist or need to undergo an emergency operation, you can cover the costs with a quick loan. This allows you to focus on your recovery rather than your medical bills.
Having a car is a real lifesaver when you need to get from A to B, but if your ride breaks down, the costs can start to pile up. You can fix your vehicle with a loan and get back on the road fast.
Got a case of bill shock? Is your electricity bill higher than usual and wondering how you’re going to cover it? You can borrow money to pay for those unexpected costs that pop up out of the blue.
White goods are the backbone of every household, so when they go on the blink, purchasing new ones can be a headache. However, we can help you get a small loan to cover the cost of buying a new fridge, dishwasher or washing machine to get your house back in working order.