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Money Now
Need to borrow money now? Apply for your cash loan today and get approved.
- Borrow up to $5,000
- Outcome in 60 seconds
- Flexible repayments
- 100% online
Author
Savvy Editorial TeamFact checked
Author
Savvy Editorial TeamFact checked
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.Â
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?
Apply online, 24/7
No matter the time of day or week, you can complete your small loan application with us online.
Instant outcomes and same-day money
You can receive an outcome in 60 seconds and, if successful, have your money sent in just one hour.
Trusted lender panel
We're partnered with reputable Australian lenders to bring you greater peace of mind when applying for your small loan.
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.
- The lender will make a decision within minutes.
- 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?
Apply for your cash loan early
If you need money now, applying early in the day gives the lender all the time they need to go through your details and documents, then get you approved for a cash loan fast.
It’s also a great idea to look for lenders that mention fast approvals and same-day settlements, because not all loan providers operate exactly the same way.Â
Have your documents ready
Get all your paperwork together as soon as you can and make sure you’ve got good internet access. Lenders ask for the following items:
- A copy of your driver’s licence or passport, to prove your ID.
- Some loan providers will need to see your Medicare card for establishing your residency status. You can also use a citizenship certificate.
- You’ll be asked for a copy of a recent utility or phone bill, to prove your address.
- Lenders also ask for copies of payslips spanning the past ninety days.
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You’ll need internet banking so lenders can use secure read-only access to check your spending and confirm your income.
Keep things realistic
The fastest way to delay your application is by applying for too much money. Loan providers perform stringent checks on your income and spending, so if you do that, you’ll almost certainly be rejected.
Take some time to work out a budget and what you can comfortably afford, because that’s exactly how the lender will assess your application.
Stay close to your phone
Remember, if there’s any confusion with your documents, bank statements, or application form, the lender will get in touch via either email or the phone.
Don’t go offline or off-radar once you submit your application, stay close to the phone and check your email here and there until you get approved.
Your frequently asked cash loan questions answered
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.
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.
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.
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.
Our lenders offer flexible terms when it comes to small loans. Loans can be repaid over anything between just 16 days and two years.
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.
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.
Small loans to suit your circumstances
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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.
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.