Trust Savvy to help you get a fast cash loan today.
Life doesn’t always go according to plan. Whether your car breaks down or you need some emergency dental work, Savvy can help. By connecting you to one of our partnered lenders, we can help you get a loan today.
With rapid turnarounds on applications and instant outcomes guaranteed, Savvy’s process allows you to get approval and funding as soon as the same day you apply. Get yourself out of a jam and apply for a loan with us today.
You’ll be able to get approved and funded for a quick loan on the same day you apply in most cases. Compared to other types of finance such as personal or car loans, the application process with these loans is streamlined to allow for faster turnarounds. However, this timing will depend on several variables, including the strength of your application.
You should be able to complete the initial application for a loan in ten minutes once you've chosen your desired amount and why you need it. You’ll be asked to provide some personal information, including:
From there, you can receive instant approval from your lender. If you do, your lender will check your income and borrowing history to confirm the information you provided during the initial application is accurate. If these checks run smoothly, you should be offered formal loan approval very soon after. Your lender will send your loan contract to sign and return so your loan funds can be released. From there, the money should hit your account that day in most cases.
However, there are a few factors which can affect the speed at which you receive formal approval and funding. These can include:
You’ll need to satisfy a set of loan eligibility criteria if you need cash today. You will also have to provide sufficient identity documentation on top of this. These are generally the same from lender to lender, but it’s still a good idea to double-check these with the one you’re matched with.
To be eligible for an online payday loan, you must be:
Once you’ve satisfied these, your lender will request to verify your identity. This can typically be done by providing a combination of two or more of the following documents:
It’s a good idea to repay any similar short-term loans before applying for a new one. Most lenders won't approve applications from borrowers who are already repaying a payday loan. Any existing loans will show up in a check of your credit history, along with your payment track record on similar finance.
You can apply for a small loan between $2,050 and $5,000, depending on your borrowing power, which is determined by a mix of factors. Lenders give you up to two years to repay your loan, with terms as short as 16 days also available.
If you want some easy cash, it’s handy to have a clear idea of how much you can afford to borrow before you dive head first into applying for a loan. How much you can borrow will come down to several factors including:
Multiple income streams can be assessed as part of your borrowing power. Lenders will allow you to factor in investment income, wages, superannuation drawdowns and fixed Centrelink payments. Eligible government support payments include:
You won’t be able to claim JobSeeker, Youth Allowance, Austudy or ABSTUDY as your sole income if you’re unemployed and need an emergency cash loan. However, JobSeeker can be used if it’s used as a low-income supplement.
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.