Instant Cash Loans No Credit Checks No Paperwork

Searching for instant loans with no paperwork? Apply with Savvy.

Apply in less than 10 minutes.

Last updated on July 25th, 2022 at 05:07 pm by Kurtis Eichler

Get instant approval on cash loans with Savvy

Every now and then, emergency costs can leave you scratching around for spare money. If you’re searching for no credit check instant cash loans because you think no one else will approve you, Savvy can help you apply for your loan with no messy paperwork.

We partner with a panel of responsible lenders who focus more on what you can afford, rather than your credit score itself. This allows us to help you get an instant approval with no fuss.

Apply with Savvy today and receive an outcome on your application before you know it.

Can I get an instant cash loan with no credit check and no paperwork?

You can be given the green light for a cash loan with no physical paperwork, as the application process is 100% online, but you won’t be approved without a credit check. A credit check isn’t conducted to check your score specifically, so if you think no one else will give you a loan because of your score, you won’t have to worry as much. However, it’s still a necessary part of the approval process because it gives direct money lenders a complete picture of an applicant’s borrowing history. It checks if you have any ongoing loans or defaults as part of the calculation to determine whether you can afford the loan you’re applying for.

Licenced lenders are required under Australian law to conduct credit checks on all applicants for this reason. Loans offered by those promising ‘guaranteed approvals’ and no credit checks can often come with higher fees and less flexible terms.

How do I apply for an instant cash loan with no paperwork?

Savvy’s loan application process is completely online, so there’s no need to fill out and lodge any physical paperwork. Applying for a loan involves following these steps:

Check you’re eligible

Before you apply for your payday loan, double-check you satisfy all of the eligibility criteria. This includes:

  • Age: You must be at least 18 years of age to apply for a cash loan.
  • Residency: You need to be a permanent Australian resident or citizen to be approved for a loan. Depending on your lender and their criteria, you may also be able to apply if you’re a temporary visa holder.
  • Income: You must be earning some form of consistent income for at least 90 days prior to applying for a loan. This can be made up of multiple income streams, including some Centrelink payments.
  • Banking: Access to online banking will allow you to securely share your bank statements with your lender to verify your income and expenses.
  • Contact: Lenders require you to have an active mobile phone number and email address.

Tell us about yourself

Once you’ve checked you’re eligible for a payday cash loan, you can apply online, which should take you about ten minutes to complete. To start your application, pick your desired loan amount and the reason you need it, before proceeding to the initial application page. You’ll be asked for a few details including:

  • Your details: Provide your title, full name, date of birth and email address.
  • Contact details: Enter your mobile phone number and residential address. You’ll also be asked how much your rent, mortgage or board payments are monthly.
  • Employment details: Select your employment status, industry, duration with your current employer and the name of the place where you work.
  • Your income: You’ll need to provide how much you earn after tax, how often it is paid and your next pay date. You can also declare if government benefits make up more than half of your income.

Verify your identity

You will be asked to provide 100 points of ID to verify your identity. These documents can be submitted through Savvy’s secure portal and can come in the form of a:

  • Driver’s licence
  • Valid Australian or foreign-issued passport
  • Medicare card
  • Utility bill
  • Birth certificate

Get approved

An instant outcome on your application is guaranteed once all your particulars have been submitted. From there, if successful, you can receive formal approval in as little as one hour after you apply. A loan contract will be emailed for you to sign and return so your lender can transfer your money. After you’ve done this, you’ll receive your funds very quickly, in most cases on the same day you apply. However, this depends on your personal circumstances.

Can I get an instant cash loan if I’m unemployed?

Yes – you can be approved for a loan if you’re not currently working. Our partnered lenders are more focused on what you earn and its consistency, rather than where you earn it from.

There are several fixed and ongoing Centrelink payments which can be counted as income if you’re applying for a loan and you’re unemployed. These include:

  • Aged pension
  • Carer payment
  • Child care subsidy
  • Disability support pension
  • Family Tax Benefit Part A and B
  • Single parent payment
  • Veteran’s affairs pension

Benefits such as JobSeeker, Youth Allowance, Austudy or ABSTUDY aren’t eligible if they’re your only means of income because lenders deem them as temporary measures which are subject to change at any time.

Frequently asked instant cash loan questions

What can my loan be used for?

Cash loans can be used for a variety of purposes. You can borrow money to pay for emergency medical procedures, veterinary bills, new furniture or white goods, general living expenses and vehicle repairs. You can even use a loan for home renovations or repairs.

What are the costs associated with instant cash loans?

You’ll be charged an establishment cost and a monthly fee on your loan. The establishment cost for loans up to $2,000 is 20% of your borrowing amount, while those above $2,000 come with a capped fee of $400. The monthly fee is capped at 4% on loans up to $2,000, while those above $2,000 attract fees capped at 48% annually. Keep in mind that choosing to pay a loan over a shorter term can save you money on fees.

Can I repay my loan early?

Yes – paying your loan off sooner than planned can save you money on fees. For example, if you took out a $1,500 loan over ten months compared to 12, you’d save $120 in fees. Lenders also don’t charge break fees or early repayment charges, so you can have your loan paid off comfortably ahead of schedule if you’re able to do so.

Can I apply for a loan if I’m under a Part IX Debt Agreement?

There may be some lenders in the market who can approve your application whilst under a Part IX debt agreement, but this will ultimately come down to a variety of factors such as your lender’s criteria, your own circumstances and how much you want to borrow.

How can I get my money on the same day I apply?

Having your documents at hand and applying early in the day can help you increase your chances of receiving your funds very quickly. Your application is less likely to run overnight or over a weekend if you start the process earlier in the day and week.