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Craft your ideal lifestyle by applying for a small loan through Savvy today, with fast approvals up to $5,000.
Author
Savvy Editorial TeamFact checked
Author
Savvy Editorial TeamFact checked
Sometimes, life calls for a little extra financial support to maintain or improve your lifestyle. Fortunately, lifestyle loans through Savvy provide that extra boost. You can apply for a lifestyle loan through us and gain the flexibility to use your funds however you like, with instant outcomes and approval and funding as soon as the same day. Don't let financial constraints limit your aspirations; get started with Savvy today!
You can acquire a swift and hassle-free small loan to cover the expenses of your lifestyle financing or enhancements, which can be done through Savvy. Designed for rapid application, approval, and fund transfer, these loans are ideal for urgent needs or unexpected situations.
Savvy simplifies the application process for a lifestyle loan, ensuring a user-friendly experience. Follow these straightforward steps to apply for a speedy lifestyle loan:
For lifestyle loans, Savvy provides a flexible borrowing range, allowing you to secure any medium loan amount between $2,050 and $5,000, subject to meeting the required private lending eligibility criteria. This versatile spectrum caters to diverse financial needs, empowering individuals to choose an amount aligned with their specific lifestyle requirements.
It's important to recognise that the amount you can borrow may vary based on your unique financial situation, ensuring a tailored approach tailored to individual circumstances. Your borrowing capacity is influenced by factors such as credit score, income, existing liabilities, savings, and other relevant financial considerations. Remember that your income must come from one or more jobs with stable pay and hours and/or eligible Centrelink payments.
When it comes to your lifestyle loan, the application process is designed for efficiency, offering the possibility of formal approval and fund release on the same day. However, approval hinges on your application successfully meeting all lender criteria and passing required assessments. Consider that the speed of your application's approval can be influenced by various factors:
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.
Yes – lifestyle loans are available for individuals with bad credit, assuming you meet your lender’s other criteria. Conventional lenders may place significant emphasis on credit history, but lenders offering lifestyle loans understand that financial situations can vary. They consider your present circumstances, making these loans accessible even with a less-than-perfect credit score.
Yes – early repayment is an option for lifestyle loans. These loans offer plenty of flexibility, allowing borrowers to pay off their balance ahead of schedule without incurring any additional charges. Because of this, settling your loan debt early can be a financially savvy move.
Yes – lifestyle loans are versatile, allowing you to apply the funds for various purposes beyond what's initially specified in your application. Whether you have extra funds after covering your intended expenses or want to address additional needs such as covering your legal costs before settlement, the choice is yours. However, be aware that there are certain limitations on how the funds can be used, such as for activities like gambling.
Your lifestyle loan costs mainly comprise the establishment fee (capped at $400) and monthly fees (capped at 48% of your loan’s total value per year). The specific amount you'll pay is influenced by factors like:
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.
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