Online Loans Instant Approval Australia

Apply for your cash loan today and get an instant outcome through Savvy.

Written by 
Savvy Editorial Team
Savvy's content writing team are professionals with a wide and diverse range of industry experience and topic knowledge. We write across a broad spectrum of finance-related topics to provide our readers with informative resources to help them learn more about a certain area or enable them to decide on which product is best for their needs with careful comparison. Meet the team behind the operation here. Visit our authors page to meet Savvy's expert writing team, committed to delivering informative and engaging content to help you make informed financial decisions.
Our authors
, updated on September 12th, 2023       

Fact checked

At Savvy, we are committed to providing accurate information. Our content undergoes a rigorous process of fact-checking before it is published. Learn more about our editorial policy.

$2100
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$500
$50,000


Paid in 60 mins if approved*
Written by 
Savvy Editorial Team
Savvy's content writing team are professionals with a wide and diverse range of industry experience and topic knowledge. We write across a broad spectrum of finance-related topics to provide our readers with informative resources to help them learn more about a certain area or enable them to decide on which product is best for their needs with careful comparison. Meet the team behind the operation here. Visit our authors page to meet Savvy's expert writing team, committed to delivering informative and engaging content to help you make informed financial decisions.
Our authors
, updated on September 12th, 2023       

Fact checked

At Savvy, we are committed to providing accurate information. Our content undergoes a rigorous process of fact-checking before it is published. Learn more about our editorial policy.

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.

Borrow between $2,050 to $5,000

60 seconds instant outcomes

Repayment terms from 16 days up to maximum of two years

100% online - there is no messy paperwork

Fixed repayments throughout the loan term

Bad credit, Centrelink income is accepted

No hidden fees

Apply from your smartphone

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

Got more online loan questions? Find the answers here

Can I get an online loan if I’m self-employed?

No matter how you work, lenders assess your income and spending in exactly the same way, so you can apply for a cash loan when you’re self-employed.

Can I pay off an online loan more quickly?

Yes. There are no additional fees for making extra repayments or even for paying off the loan in full ahead of schedule.

Can I get an instant online loan with a poor credit history?

Yes – if you have older defaults or late payments that aren’t related to recent cash loan borrowing, you’ll still likely qualify for a bad credit cash loan so long as you can afford repayments. However, bad credit due to recent cash loan defaults, or existing cash loans on your file, will hurt your chances of approval. If you’ve been bankrupt, you’ll need to have been discharged for at least 18 months.

Do my Centrelink payments count?

You can apply for an online cash loan on Centrelink so long as you don’t receive more than half of your income in benefits.

How do I repay an online cash loan?

Borrowers can choose between weekly, monthly, or even fortnightly schedules, set the day their payments are due, and can use a direct debit to ensure they never forget about a repayment, too.

Why does the lender check my bank statements?

Lenders do this to calculate your disposable income after they’ve deducted your regular spending from what you earn each month. Lenders also look at your bank statements to confirm details of any other borrowing to determine whether or not you’re capable of servicing the loan.

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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.