Instant Cash Loans

Cover the unexpected with fast, quick, and easy instant loans.

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 May 27th, 2024       

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
|
|
|
|
|
$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 May 27th, 2024       

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.

Smooth out the unexpected

We all have bills that come out of the blue or urgent expenses we need to cover. One of our instant loans helps you get the cash you need without filling out endless forms, submitting pay slips, or getting reams of documentation together. We can approve short-term instant loans to cover you in times of need ranging from $2,050 to $5,000.

Instant loans made easy

When we say instant loans, we mean instant loans. Our 100% secure online application system means we process your request as fast as possible. Once you complete our express online application and are approved, you’ll get the funds transferred to your account on the same day in most cases.

Why apply for a small loan with Savvy?

How to navigate your instant loan application

Get your instant loan questions answered

What is an instant cash loan?

An instant loan is a type of personal loan that is smaller than traditional personal loans. These may range from as little as $2,050 up to $5,000. Instant loans have shorter terms than personal loans – a minimum of 16 days up to 24 months. “Instant” means you get the money within the day, if applied and approved during business hours.

How instant is “instant?”

In some cases, approved applicants can expect money transferred within the hour. Typical cases have money transferred within 24 hours.

What can I use an instant loan for?

Conditional approval is a machine-generated determination of your credit eligibility prior to a review of your loan application. This can speed up the application process.

Is this like a payday loan?

No. A payday loan usually requires the borrower to pay back the loan on their next pay period. This is deducted via direct debit or through your paycheque.

Is the interest rate extremely high?

The cost of instant loans is calculated via a $400 mandatory establishment fee and a monthly fee of up to 48% per year.

How do I pay a loan back?

We can set up a direct debit facility, so you never miss a payment. You may choose from as quickly as 16 days up to 24 months. Other methods are also available; ask your consultant for more information.

I have unusual circumstances, can I apply?

Yes; we can arrange instant loans for benefits recipients, single parents, self-employed, and more. Conditions may apply.

What if I have bad credit?

We have helped many people with instant loans when they have bad credit. We don’t just look at your credit history, but your current liabilities and finances.

How long does it take to apply?

It only takes a few minutes to complete our online application form. Once completed, we will match you with one of our lenders and provide you with an instant outcome. 

Your guide to instant loans

Ways to fix your credit history?

Your credit history is the first port of call for many lenders to determine if you’re eligible for credit – be it a mobile phone plan all the way up to a mortgage. However, a credit history captures data on your applications and defaults for up to seven years. Making many applications, such as “quick” payday loans can damage your credit history. You can check your credit history once per year for free using one of the credit reporting companies. This will show you any mistakes, which you must fix. Paying back loans on time and in full is a sure-fire way to help rebuild your credit history.

How do you choose the right personal loan?

Choosing the right personal loan isn’t just a matter of getting the amount you want; you should do your research into different types of personal loans so you aren’t paying unnecessary principal or interest. A long-term personal loan may last up to five years and are used to buy large assets such as cars or renovations. Small instant loans may last from a few weeks to 24 months, and are suitable for urgent purchases – medical bills, car repairs, and so forth. A small loan may be better than a large personal loan, as the short-term nature of the loan matches the short-term expense.

How to better manage your instant loan?

Many of us fret when we have an urgent expense and scramble to get money fast. One of the worst things you can do is put in multiple applications for instant loans. This can hurt your chances of approval. You should also opt for direct debit repayments, so you never miss one. In the meantime, you should look to reduce unnecessary expenses or luxuries to ensure your bank account always has the requisite funds. If you take on an extra shift at work or get a bonus, you should use it to pay more of your loan off – provided there are no additional fees involved.

What to look for in your loan agreement?

Not all loan agreements are boilerplate – they can vary from one lender to another. You should always look for fees and charges. Fees and charges will be present in all kinds of loans. However, some loans may charge additional fees when making additional payments; or even a dishonour fee. You should also look at the repayment schedule carefully; as payments could be deducted before holidays or weekends, which could inconvenience your finances. You should also look at whether repayment insurance is included or not. If you have doubts, ask a friend or a financial professional to look at the agreement to answer any questions.

Helpful small loan guides

Small Loans Banner - Woman typing on her laptop while sitting in her kitchen

Need Money Now

You can apply for a cash loan online when you need money now and get funds in your bank by...

Small Loans Banner - Middle-aged couple comparing payday loan interest rates on a laptop

Payday Loan Interest Rates

Payday loans are a different breed. Here’s your quick guide to how you compare payday loan costs. Borrow up to...

Small Loans Banner - Young woman smiling while looking at her tablet on the couch

Payday Loan Eligibility

Wondering how to qualify for a payday loan? Well, it’s pretty easy, and you’ve come to the right place. Borrow...

Small Loans Banner - Young couple assessing their financial situation before applying for a loan

No Credit Check Loans

Find out whether you can get approved for a loan with no credit check and get your application started with...

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.