Online Loans Instant Approval Australia
Apply for your cash loan today and get an instant outcome through Savvy.
Looking for online loans with instant approval in Australia? When you need funds in a hurry, it’s essential you have access to a fast, efficient method for applications – which is where instant cash loans come in handy. Find out more about your fast finance options and how to get instant approval with Savvy today.
Online loans are very versatile. You can customise the amount you borrow to any figure between just $2,050 up to $5,000. Repayments can be set to your budget by choosing a term between 16 days and two years. Borrowers even get to choose repayment frequency to match their income – with weekly, monthly, or fortnightly options available.
Why apply for a small loan with Savvy?
How much will I pay for an online loan with instant approval?
Regulators cap fees and set clear pricing structures when you apply for an online loan. For loan amounts between $2,050 to $5,000, monthly repayment fees are capped at 48% per year, while setup fees max out at $400.
You also don’t pay any money upfront with a cash loan. Your establishment fee is broken up into equal monthly instalments, and you pay your repayment fee each month too. The simplest way to look at online loans with instant approval is that the more you borrow and the longer the repayment period, the more they cost.
That’s the same for almost all loans, leases, credit cards, and other forms of borrowing. For example, a loan repaid over 12 months will cost you hundreds of dollars more than one paid out over six, as you’ll spend twice as long paying fees on top of your repayments.
How to speed up your cash loan application
Answer everything on the application form
Don’t forget that even if you’re in a hurry, it saves time in the long run when you read the form carefully and make sure to include appropriate detail. The more information you give the lender, the easier it is for them to make a quick decision.
If there’s anything on your bank statements that’s not crystal clear, use the opportunity to explain that.
Got more online loan questions? Find the answers here
Helpful small loan guides
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.