Online Instant Cash Loans

Getting a fast cash loan is as easy as completing an online application with Savvy. Our web-based process allows you to get an instant decision on your application and, in most cases, a same-day payout if you gain approval on your quick loan.

Before you dive into the application process, double-check you meet the standard eligibility criteria. These requirements can vary slightly between lenders, so it pays to check before you apply. The criteria will usually include:

• Age: at least 18 years old.
• Income: earning a steady income. This can come in a combination of forms, including fixed Centrelink benefits (such as pensions or parent payments). You can still apply if you have inconsistent income, but you may need to satisfy more criteria.
• Residency: a permanent resident or citizen of Australia. Lenders are unlikely to consider your application if you’re a temporary resident, such as student visa holders.
• Active loans: no active payday loans. You won’t be approved if you’re still repaying similar loan debts, as lenders will deem you to be at high risk of defaulting.
• Contact details: a working Australian mobile number and email address. Your lender will email your contracts and important documents, so having easy access to vital.
• Online banking: easy access to your bank accounts online. Hard-copy bank statements aren’t needed with a cash loan, as lenders review your income and spending using ‘read-only’ access to your past 90 days of banking statements.

Once you choose your loan amount (between $2,050 and $5,000) and select why you need it, you can proceed with your application and supply the information you need. Once you complete your initial application, you’ll receive an instant outcome in 60 seconds.

If you’re approved, your lender will go about confirming the details you’ve provided through a credit check and review of your internet banking statements. You can be granted official loan approval if these checks go smoothly and have your loan funds released as soon as you sign your contracts.

These funds should hit your account on the same day you’re approved, but this can hinge on your bank’s cut-off times and when you apply. Most banks have a payment cut-off time of about 6pm, so if you apply early, there’s a better chance your money will be paid that day. Lenders can also only process applications during business hours, so a late-night application is unlikely to be seen until the next morning.