Instant Cash Advance Online

Yes – you can be instantly approved when you apply for a cash advance loan online with Savvy. Lenders will give you an automatic decision on your application immediately after you apply based on the information you provide as part of the initial application.

It takes about ten minutes to complete an initial application online with Savvy. As part of this application, you’ll be asked to supply some basic information which helps a lender assess whether a cash advance is suitable for you. Particulars you need to provide include:

• Payday advance amount: how much you need to borrow, how long you want to take to repay it and why you need it.
• Your details: your title, full name, date of birth, email address, mobile phone number, residential address and how much you pay in rent/board/mortgage costs each month.
• Employment details: your job status, the industry you work in, time in your current job and the name of your employer.
• Income information: how much you earn after tax, how frequently you’re paid and the date of your next pay. You’ll also need to disclose if government benefits make up half or more of your income.
• Identification: once you've shared the above information with your lender, you'll be required to submit an Australian driver's licence, passport, Medicare card or proof of age card to verify your identity.

Once you’ve submitted your application, you’ll receive an instant decision. If you’re instantly approved, your lender will verify the information you’ve provided when considering you for official approval. You won’t be able to receive instant formal approval, as these checks take a little longer to complete.

Lenders will run a check of your finances, but physical bank statements aren’t required in Australia when you’re applying for a loan. Instead, your lender will request ‘read-only’ access to your online banking statements. They’ll also run a quick credit check so they can get a complete picture of your borrowing history. This looks at your track record on repaying similar finance, whether you have any active loans, how often you formally apply and the limits on your credit cards. If all of these checks go smoothly, you should be offered formal loan approval soon after.

If you need a loan today, it’s important to check you qualify for one before applying. The loan eligibility criteria tend to be the same across most lenders, but they may vary slightly. They’ll generally include:

• A permanent Australian resident
• At least 18 years old
• Earning a regular income
• No active payday advances
• Easy access to 90 days of online bank statements
• Active mobile number and email address