Apply for a one-off emergency payment from $2,050 through Savvy today and receive an instant outcome.
Fact checked
Fact checked
Facing an unexpected crisis can be challenging, but the relief provided by a one-off emergency payment through Savvy can make a significant difference. Partnered with reputable lenders, our platform connects borrowers, helping you not only gain access to an instant outcome on your application but also the potential for formal approval and funding as soon as the same day you apply. Take the first steps towards financial ease and managing your debts with us today!
You can receive a one-off emergency payment by taking out a small cash loan. These are popular among borrowers for those times when you need extra cash urgently, such as unexpected expenses or when you're waiting for your next paycheque. In terms of how they work, you borrow a small amount and pay it back in instalments over a specific period, which can be from 16 days to two years. You get to choose how often you make payments: weekly, fortnightly, or monthly.
The actual cost of the fees depends on how much you borrow and how long it takes you to pay it back. There are two main fees to consider: the monthly fee, which is capped at 48% of your loan amount per year, and the establishment fee, capped at $400. Knowing these fees helps you make informed decisions about your repayments.
To access emergency cash immediately with a loan through Savvy, you have the flexibility to borrow between $2,050 and $5,000, which is dependent on meeting the eligibility criteria set by your lender. This adaptable range allows you to choose an amount tailored to your specific requirements. However, it’s important to note that each applicant's borrowing capacity is shaped by factors like credit score (whether you have fair credit or have struggled in the past), income, existing liabilities, savings, and other pertinent financial considerations. Consequently, your borrowing power may differ from another applicant with different financial circumstances.
Ultimately, what you can be approved for is determined by what you can afford to repay. Your income will need to be sourced from stable employment with consistent pay and hours, whether that’s one or more positions, and/or eligible Centrelink payments. For instance, if you're seeking a loan with fortnightly repayments of $500 but only earn $400 per fortnight, approval may not be feasible.
When applying for a one-off emergency payment loan through Savvy, the process is straightforward and user-friendly. Our form allows you to provide necessary information about yourself, your income, employment, and more. After submitting your application in a matter of minutes, you'll receive an instant outcome within 60 seconds. If approved, the lender you’re matched with will conduct a formal assessment of the application, potentially requiring additional documentation.
Upon the completion of the necessary checks and after formal approval, your lender will send you loan documents outlining all terms and conditions, including the repayment schedule, term, fees, and more. After reviewing and signing the documents, return them to your lender, and the funds can be advanced to your nominated account. Subsequently, you'll begin repaying your loan in line with the schedule you’ve chosen on your loan.
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.
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.
