Home > Small Loans > Loans for Food
You can apply for a loan for food and other household expenses through Savvy, with approval as soon as the same day.
Author
Savvy Editorial TeamFact checked
Author
Savvy Editorial TeamFact checked
For those moments when putting food on the table becomes a challenge, a rapid small loan offers a helping hand where other lenders may not. That’s where Savvy can assist you in easing the immediate shortfall in your finances. You can apply for a food loan through us from just $2,050 and receive an instant outcome. Get the wheels in motion on your application by filling out our quick online form today!
You can take out a swift and straightforward small loan tailored to cover urgent essential costs like food through Savvy. These loans are designed for quick application, approval, and fund transfer, making them an ideal solution for addressing immediate financial needs related to essential expenses.
Navigating the application process through Savvy is simplified and user-friendly. Follow these straightforward steps to apply for a speedy loan for food:
For essential food costs, Savvy provides a flexible borrowing range for food and bill loans, allowing you to secure any amount between $2,050 and $5,000, contingent upon meeting the necessary lender eligibility criteria. This adaptable spectrum accommodates various financial needs for covering food expenses, enabling you to choose an amount tailored to your specific requirements.
Factors such as credit score, income, existing liabilities, savings, and other relevant financial considerations impact your borrowing capacity. It's important to recognise that the amount you can borrow varies based on your unique financial situation. Additionally, your income must come from one or more jobs with stable pay and hours and/or eligible Centrelink payments.
Acquiring funds for your immediate emergency cash needs is a straightforward process, with the potential for formal approval and fund release on the same day, possibly within one hour of application. Approval is contingent on your application meeting all necessary lender criteria and successfully passing required assessments. It's worth noting 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 – it's possible to get a loan for food even with bad credit, assuming your profile is approved by your lender. Lenders offering food loans take a more adaptable approach, considering factors beyond just credit history. This increases the likelihood of obtaining a loan for essential needs, even with less-than-perfect credit.
Yes – you can clear your small loan before the scheduled time. Small loans come without early repayment penalties, so repaying it early is a way to reduce the overall fees you’ll pay.
Yes – beyond covering food expenses, you can allocate the funds from your food loan for various needs. For instance, if you have extra funds, you may choose to address additional financial requirements such as a new phone. However, keep in mind that certain restrictions apply to the use of these funds, such as settling other small loans or gambling.
The primary costs associated with your food loan include the establishment fee (capped at $400) and monthly fees (capped at 48% of your loan’s total value per year). The exact amount you pay depends on 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.
Our consultant will get in touch with you shortly to discuss your finance options.