Chasing a quick cash advance? Apply with Savvy today.
When you need a quick cash advance, whether it’s to cover emergency expenses or simply to bridge the gap between paydays, you want the loan process to be swift and efficient. That’s why Savvy makes your online application simple, fast and convenient.
You can be approved and funded from your smart device and the comfort of your own home. In most cases, you’ll have your cash on the same day you apply, so get the ball rolling and apply with Savvy now.
You can apply with Savvy if you need a fast cash loan. Every step of our application process is online, making it easy when you need to borrow money in a hurry. We also partner with flexible lenders who can approve applications for borrowers from a range of financial backgrounds and provide you access to your funds soon after you’re approved.
Applying for a quick loan online is pretty straightforward. Firstly, an instant decision is granted as soon as you submit your initial application. During this stage, you’ll be asked to provide some basic personal, employment and income information.
If you receive instant approval, your lender will go about confirming your finances and borrowing history through a series of formal assessments. They may be able to offer you loan approval shortly after if everything runs smoothly. On the odd occasion, lenders may require clarification or additional information, although this is unlikely to hold up your application by much.
Your loan contract will be sent to you and your funds can be released once it’s signed and returned. Your money will be in your account on the same day, in most cases.
The time of day you apply and the strength of your application will play a part in how quickly you can get your funds. Getting your application in earlier in the day can avoid the small cash advance loan process running overnight or into a weekend. Make sure you also double-check the information you’ve provided in your application, as any small mistakes can be picked up by further checks and delay the process.
You can borrow between $2,050 and $5,000 with a quick cash loan, although the amount you’ll be approved for will depend on your individual circumstances. Lenders will assess how much you can comfortably afford when considering you for approval on a loan.
Your borrowing power is made up of several variables. Lenders will assess these when considering your application, including:
When looking into what you earn, most lenders let you factor in a mix of fixed and stable income streams on top of your regular wages. These can include investment revenue, superannuation earnings and ongoing Centrelink benefits. By rolling these into your assessable income, rather than relying solely on your employment income, a lender may allow you to borrow more money.
It’s good to have a rough idea of how much you can afford to borrow before you apply for a quick cash payday loan. This will make it easy when it comes to determining the size of your loan, as you can base your term length on what you can afford to repay regularly.
You can take up to two years to repay your loan, with a minimum of 16 days required to pay back your cash advance. You also get to schedule your repayments weekly, fortnightly or monthly so it fits in with when you’re paid.
Choosing a shorter loan will increase the value of your repayments but slash how much you pay in monthly fees. Monthly fees are capped at 48% of your loan amount over 12 months. For example, while taking out a $3,000 loan over 12 months instead of 15 will increase your monthly repayments from $346.67 to $403.33, it’ll save you $360 in overall monthly costs.
These loans also come with a $400 establishment fee which is rolled into your loan repayments.
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.