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Apply for a loan to help you cover your settlement through Savvy, with fast approvals up to $5,000.
Author
Savvy Editorial TeamFact checked
Author
Savvy Editorial TeamFact checked
Navigating legal costs prior to the settlement of your case can be challenging. Whether you’re in the midst of a lawsuit for injury, unlawful dismissal or anything else, a loan for settlement through Savvy can provide the immediate financial support you need. You can apply for a settlement loan through us and receive your funds as soon as today. Get the ball rolling with Savvy today!
You can obtain a swift and straightforward small loan to cover the costs associated with legal settlements and lawsuits. Tailored for quick application, approval, and fund transfer, these loans are ideal for addressing urgent legal and financial needs.
Savvy simplifies the application process for a settlement loan, ensuring a user-friendly experience. Follow these simple steps to apply for a speedy settlement loan:
Through Savvy, you can choose from a versatile borrowing range for loans required to help you cover expenses prior to your legal settlement. This allows you to secure any amount between $2,050 and $5,000, contingent upon meeting the necessary private lender eligibility criteria. This adaptable spectrum accommodates various financial needs for settlements, enabling you to choose an amount tailored to your specific requirements.
It's important to recognise that the amount you can borrow is determined by your unique financial situation, ensuring a personalised approach based on individual circumstances. Factors like credit score, income, existing liabilities, savings, and other relevant financial considerations impact your borrowing capacity. Additionally, your income must come from one or more jobs with stable pay and hours and/or eligible Centrelink payments.
For your settlement loan, the application process is designed for promptness, with the potential for formal approval and fund release on the same day to hopefully give you access to the immediate emergency cash you need. Approval is contingent on your application satisfying all necessary lender criteria and successfully passing required assessments. Consider that the speed of your application's approval may 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 secure a loan with bad credit, provided you pass all the required eligibility checks with your lender. Unlike traditional lenders, those providing settlement loans understand that credit histories can vary. They take a more flexible approach, considering your current financial situation rather than solely relying on your credit score.
Yes – you can repay your settlement loan early. Settlement loans, like other small loans, provide the option for early repayment without additional penalties. As a result, clearing your settlement loan ahead of schedule can be a wise financial decision, as it can reduce the monthly fees you pay overall.
Yes – while the primary purpose of a settlement loan is for legal matters, you have the flexibility to use the funds for other purposes if you wish. Whether you allocate the funds to cover additional expenses or address other financial needs (even fertility treatment), the choice is yours. However, it's crucial to be aware of certain restrictions on using the funds, such as for gambling or settling other small loans.
Your main settlement loan expenses are the establishment fee (capped at $400) and monthly fees (capped at 48% of your loan’s total value per year). The actual amount you'll pay depends on:
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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