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Little Cash Loans

Apply for little cash loans from $2,050 through Savvy today and receive an instant outcome.

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 January 29th, 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.

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$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 January 29th, 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.

If you're seeking a modest financial boost, perhaps to address minor expenses or supplement your household budget, you might consider exploring little cash loans online. At Savvy, we're partnered with trusted and flexible lenders, meaning you not only gain access to instant outcomes but also the possibility of formal approval and potential funding as soon as the same day you apply. Take advantage of the streamlined application process and apply for a little loan from just $2,050 through us today.

What are little cash loans and how do they work?

Little cash loans, also known as small or payday loans, are quick fixes for when you need money urgently. They're designed for short-term needs, like unexpected bills or gaps in your finances between paycheques. You can borrow a small amount and pay it back over a specific period, which could be as short as 16 days or up to two years in some cases. For instance, if you wanted to have it paid off in the next month, you could select a 30-day term. You get to choose how often you make payments: weekly, fortnightly, or monthly.

It's important to understand the costs associated with cash loans. These depend on how much you borrow and how long it takes you to pay it back, but there are two main fees to consider: the monthly fee, which is capped at 48% of your loan amount over a year, and the establishment fee, capped at $400. Knowing these fees helps you make informed decisions about your repayments.

How much can I borrow with a little cash loan?

You can borrow amounts ranging from $2,050 to $5,000 with a little cash loan through Savvy, provided you meet the lender's eligibility criteria. This flexible range caters to various financial needs, allowing individuals to choose an amount tailored specifically to their requirements. Keep in mind that each applicant's borrowing capacity is influenced by factors such as credit score, income, existing liabilities, savings, and other relevant financial considerations. As a result, the amount you can borrow may differ based on your unique financial circumstances.

Your borrowing amount depends on what you can comfortably repay. Your income, sourced from stable jobs with consistent pay and hours and/or eligible and sufficient Centrelink payments, plays a crucial role in determining approval. For example, if you're looking to secure a loan with fortnightly repayments of $600 but only earn $500 per fortnight, approval is unlikely to be possible.

How do I apply for a little cash loan with Savvy?

When applying for a little cash or micro loan through Savvy, the process is straightforward and user-friendly. Our online application form takes just a few minutes to complete, where you provide essential information about yourself, your income, employment and more. After submitting your application, you'll receive an instant outcome within 60 seconds. If approved, your matched lender will conduct a formal assessment of the application, which may include additional documentation in some cases.

Upon successful completion of the required checks, your lender will grant formal approval and send through loan documents detailing all the terms and conditions, including the repayment schedule, term, fees, and more. Once you review and sign the documents, return them to your lender, and the funds can be advanced to your nominated account. This can be completed as soon as the same day you apply, depending on how quickly your application can be processed. Subsequently, you'll commence repaying the loan on the chosen schedule (weekly, fortnightly, or monthly, depending on your preference).

Why apply for a small loan with Savvy?

Frequently asked questions about little cash loans

How swiftly can I access little cash loans?

Little cash loans are designed for rapid express access. Upon submitting an application that meets the lender's requirements and providing necessary documentation promptly, you could secure formal approval and funding possibly within the same day. However, variables such as application complexity, the lender's processing speed, and submission during business hours can affect the approval and disbursement timeline.

Can I secure a little cash loan with bad credit?

Yes – accessing little cash loans with bad credit is very achievable. While conventional lenders may not look past credit scores, providers of little cash loans often prioritise flexibility. They’re more willing to look beyond past credit challenges, directing their attention to your current finances during the assessment.

Can I settle my little cash loan early?

Yes – settling your little cash loans ahead of schedule is a fantastic way to minimise your overall expenses. These loans don't carry any early repayment penalties, so paying them off sooner means you'll incur fewer monthly fees, allowing you to save money.

What expenses can I cover with my little cash loan?

The versatility of little cash loans allows you to cover a variety of expenses. Whether it's unexpected bills, daily necessities, or even a small indulgence like a holiday or gift for a loved one, these loans provide the flexibility to address your financial needs promptly.

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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.

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