Money Now

Need to borrow money now? Apply for your cash loan today and get 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 September 12th, 2023       

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.

$2100
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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 September 12th, 2023       

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.

Looking for a faster way to get your hands on money right now? Whether you need a loan for vet’s bills, you’d like to borrow for a holiday or even if you just want to cover the cost of Christmas, cash loans can help you bridge the gap. 

With Savvy, you can borrow anything between $2,050 and $5,000 with a cash loan. Cash loans allow you access to far smaller sums when you just need to get out of a jam quickly, then take care of things with your next paycheck or over a couple or few pay cycles. That means loans for car repairs, unexpected medical bills or even rental bonds are fast to access. So, don't go to a pawn shop looking for a loan, turn to Savvy.

Borrow up to $5,000

Get instant outcome in 60 seconds

Repay over 16 days up to two years

100% online

Fixed loan repayments

Centrelink income accepted

No early termination fees

24x7 applications

Why apply for a small loan with Savvy?

How can I apply for money when I need it now?

The fastest way to borrow money in Australia is typically by using a fast cash loan. Lenders operate almost exclusively online, so you can apply from a smartphone from anywhere and get a fast decision – usually in just a few minutes.

Savvy has partnered with some of Australia's reputable cash loan lenders and below is our process to apply for a small loan.

  • You tell us a few quick facts about yourself.
  • We instantly compare the best options from a panel of lender partners and connect you to the lender directly.
  • You’ll fill out their quick form and upload your documents via their portal.
  • They’ll send you an agreement and transfer funds to your bank account, usually within the same day and sometimes within the hour.

When I need money right now, how can I speed things up?

Your frequently asked cash loan questions answered

I need money now. How fast is a cash loan?

Applicants for cash loans typically get approved the same day or within a couple of hours. When you need money now, most applications can be evaluated without the need for too much documentation, phone calls, and a long wait.

Am I eligible to access money now?

As a general rule of thumb, if you have some form of regular income and can afford to repay your cash loan without hardship, you’ll likely get approved for one.

You can get a cash loan with bad credit, access emergency funds if you’re on Centrelink and if you’re self-employed. You’ll also need to be at least 18 years of age and a resident or citizen of Australia.

Can I top up a cash loan?

No. Cash loans offer a lot of flexibility, but that doesn’t extend to topping up a loan midterm. It’s a trade-off – these loans are quick to arrange because the structure is very defined, so lenders can’t let you extend your borrowing.

To do that, more often than not, you’d need to pay down your existing loan and then take out another one. The good news is, there are no extra fees for repaying a cash loan early.

How do cash loan fees work?

Cash loans are covered by very clear rules, so they’re a good choice if you like to know exactly what you’ll be paying from start to finish. Every fee is capped, and there’s no interest rate. All your loan charges are based on how much you borrow.

With a cash loan, you’ll pay a maximum of $400 for your establishment fee and no more than 48% of your loan amount per year in total monthly fees. There are zero fees for early repayment.

How quickly do I need to repay a cash loan?

Our lenders offer flexible terms when it comes to small loans. Loans can be repaid over anything between just 16 days and two years.

Will my cash loan lender perform a credit check?

Yes – Australian laws mean lenders are required to make sure you can repay a loan without hardship. While they won't offer you guaranteed approval on a loan if you have bad credit, they don’t check your credit report in the same way other lenders do – they’re primarily looking to make sure you don’t already have too many cash loans or recent defaults.

It’s worth noting that every time a lender checks your report, they leave an impression other credit providers can see. That’s why it’s essential not to make too many applications in a short time.

What happens if I make a late cash loan payment?

All lenders outline various fixed penalties for making a late repayment. They range from $10 to $30 in most cases but can vary. It’s best to only borrow within your means and try to be on time with a cash loan each month or week.

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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.