Online Money Lenders

Get access to funds quickly and easily with a cash loan through Savvy.

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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.

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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.

If you’re searching for fast and easy access to cash, you can find a small loan to suit your needs from one of Savvy’s reputable online money lenders. It can be difficult to get the loan faster when you need them through traditional lenders, so a small loan could prove to be the short-term stopgap that you’re looking for. 

We can help you secure a small loan for whatever purpose you need on the same day you apply, with loans on offer from $2,050 all the way up to $5,000. Get your application started today, be instantly connected to your lender and see the funds hit your account as quickly as one hour. 

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Features and benefits of cash loan from our lenders

Money on the same day

Your application can be turned around rapidly from start to finish to ensure you receive your money on the same day you apply.

100% online application

Enjoy an easy and accessible application process via simple-to-use online portals from start to finish. 

Borrow from $2,050 to $5,000

Complete our quick application in just a few minutes and we’ll connect you with a small loan lender fast.

Repay over 16 days to two years

You can take as long as two years to repay your loan to as little as 16 days. 

24/7 applications

The beauty of an online process is that you can get your application started at all hours of the day and on weekends

Free early repayments

You’re not locked into paying your loan to term and accruing more fees. You can save plenty of money by paying your loan off early. 

Why apply for a small loan with Savvy?

How Savvy connects you with your small loan lender

How much will I pay for a small loan?

Our small cash loans lenders don’t charge any interest like larger personal loans do; instead, a fixed, capped set of fees are applied to each loan.

The first of these is the establishment fee, which is capped at $400, so you won’t have to pay more than that regardless of the size of your loan. The second fee to look out for is the monthly service fee. These are capped at 48% of the total loan amount over the space of a year. Ongoing monthly fees are worth considering when it comes to the length of your loan, as the longer it lasts, the more you’ll pay.

As such, you should consider the amount you’ll be paying on your small loan by comparing different timespans for the same amount. The below table depicts loans of $3,000, which come with establishment fees of $400 and monthly fees of $120.

Loan term Monthly cost Total repaid Total savings
12 months
$403.33
$4,840
N/A
9 months
$497.78
$4,480
$360
6 months
$686.67
$4,120
$720
3 months
$1,253.33
$3,760
$1,080

Your frequently asked cash loan questions

Can I get a cash loan from a bank instead of an online money lender?

No – cash loans are exclusive to online lenders, as their eligibility criteria are far broader than the standard products that banks can offer. Larger lenders generally don’t offer loan products that cater to borrowers with bad or complicated credit histories, but online lenders usually do. This is why you won’t find a bank offering a cash loan and Savvy will only match you with the most trusted online lenders.

Should I use a credit card instead of a small loan?

Credit cards can be a useful finance tool if you’re making purchases that you’re capable of paying off within their monthly payment cycle. This is because cards come with high interest rates upwards of 15% to 20% that will cost you a substantial amount if you let your debt roll over beyond your interest-free period. Interest rates on credit cards give them a greater capacity to snowball into more substantial debt, while cash loans with our lenders come with fixed repayments and terms that you can more accurately budget around.

Who’s eligible to receive a small cash loan?

All applicants for small cash loans must be at least 18 years of age and provide their last 90 days’ worth of bank statements to showcase a regular income. Applicants must also hold Australian citizenship or reside permanently in this country to qualify with our lenders.

Can I apply for a cash loan if I’m bankrupt?

Yes – we partner with lenders who can arrange financing for borrowers who are currently under, or recently discharged from, a bankruptcy agreement. This extends also to borrowers who have been discharged from a part 9 debt agreement for more than 12 months and those with credit defaults on their file.

Why do lenders conduct credit checks?

Credit checks are part of the small loan application process. These allow your lender to determine whether there are any recent defaults on your file for similar types of finance that may indicate that you’re at a greater risk of defaulting again. These are also used to determine other pieces of information about you, like your residential history.

Should I apply for cash loans with different lenders at once?

No – applying for several cash loans at a time is a bad idea. These will show up on your credit report and potentially make it more difficult for you to be approved for finance in the future. 

If I’m on Centrelink, can I still apply for a cash loan?

Yes – we can connect applicants to lenders across Australia who are able to work with customers on Centrelink benefits. Just because you’re receiving a government pension doesn’t automatically count you out from being approved for a cash 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.