No Paperwork Loans
Want quick loan approvals with no paperwork? Apply with Savvy.
- Borrow up to $5,000
- Outcome in 60 seconds
- Flexible repayments
- 100% online
Fact checked
Fact checked
Forget gathering hard copies of your bank statements, payslips and other documents. You can get fast and easy loan approval with no messy paperwork by simply applying with Savvy.
Our completely online process is straightforward and no-fuss, allowing you to apply day or night from a smartphone or computer. The sooner you apply, the faster you can be approved, so apply with Savvy now.
Can I get a loan with no paperwork?
Yes – there’s no need for physical paperwork when you’re applying for a loan with Savvy. Our fully online application process saves you the hassle of gathering paper copies of your relevant documents. You can save them on whichever device you’re applying from so they can be uploaded to the secure portal with ease.
It’s important to note, though, that you will be required to supply documentation as part of your application. However, getting approved for a short-term loan requires less paperwork than other types of finance, such as car loans or mortgages. Lenders will request a handful of documents to verify your identity and income, including a copy of your online bank statements
What details will I need to provide for my no paperwork loan application?
During different stages of the fast loan approval process, you’ll be required to provide details to your lender. This allows them to get a complete picture of your current financial situation when considering your application for approval. Once you have chosen your desired short-term loan amount and why you need it, you’ll need to provide your lender with the following details:
- Basic details: provide your full name, date of birth and email address.
- Contact: supply your mobile phone number, address, residential status (rent, own or boarding) and rent/board/mortgage costs.
- Employment: tell your lender more about work by providing your job status, industry, tenure and employer name.
- Income: declare your income after tax, how often you receive it and whether government benefits make up more than half of your income.
You’ll then be asked to supply 100 points of identification to verify your identity. This can be made up of any of the following:
Photo ID:
- A driver’s licence
- An Australian or foreign-issued passport
- A government-issued proof of age card
Concession Cards:
- A Medicare card
- A Centrelink concession or health card
Official Documents:
- A citizenship certificate
- A birth certificate
- A utility bill or recent bank statement
You’ll need to provide an encrypted copy of your internet bank statements to your lender, who can then gain safe, read-only access to view your accounts. This allows them to verify your income and expenses.
If you’re pre-approved, your direct money lender will go about conducting formal checks of the information provided in the initial application. Pending these checks, you could be approved within the same day you applied.
How much do small loans cost?
Unlike other forms of financing, same-day cash loans don’t accumulate interest over time, instead coming with capped fees. These charges depend on how much you borrow and how long you choose to take to repay your loan. Lenders roll these charges into the cost of your repayments and factor them in when determining how much you can be approved to borrow.
The first of these is the establishment fee, which comes in the form of a capped $400 fee. Monthly fees are also charged, coming in at no more than 48% of your loan amount annually.
Repaying your loan over a shorter term can help you save hundreds of dollars on fees. Follow our easy-to-use table to see just how much you can save at different repayment timeframes.
| Loan Amount | Term Length | Establishment Fee | Monthly Fee | Monthly Repayment | Total Cost |
|---|---|---|---|---|---|
|
$2,400 |
Nine Months |
$400 |
$96 |
$407.11 |
$3,664 |
|
$2,400 |
12 Months |
$400 |
$96 |
$329.33 |
$3,952 |
|
$2,400 |
15 Months |
$400 |
$96 |
$251.55 |
$4,240 |
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.
Frequently asked small, no paperwork loan questions
Small loans to suit your circumstances
Helpful small loan guides
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.
