Chasing a quick loan over the internet? Apply with Savvy 24/7.
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With the small loan application process being 100% internet-based, fast funds are just a few clicks away no matter where in Australia you call home. You can apply online with Savvy using your computer or mobile whether you live in the Red Centre, along the coast or in a capital city.
By applying with us online, you can take advantage of our efficient and fast loan application processes which allow you to get approved as soon as the same day you apply, without even leaving the comfort of your home.
Apply with Savvy and get no-fuss finance today.
It’s easy to apply for a personal loan on the spot with Savvy. The entire process from application to approval is 100% online, allowing you to apply 24/7 from either your computer or smartphone. Any personal documents can be uploaded electronically to our secure portal. Familiarise yourself with our step-by-step process below:
Submit your initial application
Select how much you want to borrow and what you want to spend it on. You can apply to borrow between $2,050 and $5,000, with available repayment terms ranging from 16 days to two years.
Provide your details including your full name, date of birth, email and phone number. Tell us a bit more about your living arrangements, and estimate how much you pay each month in rent, board or towards your mortgage.
You’ll need to be earning a steady income to apply. If you’re working, you can provide:
You can also declare your after-tax income and how often you get paid, including if you’re a Centrelink customer whose benefits make up more than half of your income.
Verify your details
Online money lenders will need to verify a few details before giving you an instant outcome. Firstly, you’ll have to provide 100 points of identification, which can include any of the following:
You’ll need to provide access to a read-only copy of your bank statements over the last 90 days so your lender can double-check your income and expenditure. Once you’ve submitted all of these, you’ll receive an instant outcome on your application. From there, your lender will formally assess your application and details. They’ll run a credit check to determine whether you have any similar active loans or defaults.
If you’re formally approved, you’ll receive a digital copy of your loan contract which you’ll need to sign electronically and return to your lender. They can then transfer your loan funds into a nominated bank account. You’ll receive your loan funds on the same day in most cases, but this can depend on your bank’s transfer times. In some situations, you may receive your loan overnight or the next day. Lenders may also ask you for additional documents or further clarification before they grant formal approval.
You’ll be charged an establishment fee for taking out a cash loan and monthly ongoing fees while you’re repaying it. The establishment fee on a small loan is $400, while monthly fees are capped at 48% of your loan amount over the span of a year. For example, if you took out a $2,000 loan, you'd be charged no more than $80 per month in ongoing fees.
When choosing how long you pay off your loan, keep in mind you can save on fees if you choose to repay over a short term. For instance, if you borrowed $3,000 over six months instead of nine months, you’d save $360 on monthly costs. Making extra repayments can also save you money on fees, as you’ll be paying down your loan sooner and shortening your term.
Small loans can be helpful when you need some emergency cash to pay for a wide range of expenses. Some of the ways you can use your money include:
However, there are some minor restrictions on how you spend your money. For example, you won’t be able to use it for gambling or to pay off another small loan.
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.
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.
