Quick Loans

Need cash fast? Get a loan approved in minutes with Savvy

Apply in less than 10 minutes.

Last updated on May 4th, 2022 at 02:39 pm by Bill Tsouvalas

Need to cover something unexpected?

Quick Loans for When The Unforeseen Happens

We can plan all we like but life sometimes get in the way. We or a loved one may hurt themselves and need medical care; our car breaks down and needs urgent and costly repair; or we need to be by a loved one’s side right away. Coming up with a lot of cash fast can be difficult, but Savvy is here to help. Quick loans help everyday Australians get $300 to $5,000 – approved and transferred to your account on the same day, pending approval. You can save time compared with waiting for personal loans and money compared with some credit card cash advances.

No Waiting, Instant Paid Quick Loans

When you need an answer urgently, Savvy is your partner in turning around loans quick. You can apply for a quick loan using our online application platform – it’s easy and secure. You’ll get a result within 60 minutes or less. Do you use Osko or PayID? You’ll get paid into your bank account near instantly. Don’t worry about bad credit – we work with Australia’s top lenders and banks to get approval for people with bad credit. We provide all our fees and charges up front so you can make an informed decision.

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Quick loans from $300 - $5,000 approved today

Whether you have bills and expenses to pay or you just need cash for a short family holiday, quick loans can get you cash in a hurry. Learn more about how fast and easy a quick cash loan can be.

What's the best way to get quick loans in Australia?

If you’re looking for a quick loan to give you a fast injection of cash, your best option is an instant loan from one of Australia’s online lenders. Using fast internet services, online lenders can process your application with a fraction of the time that a more traditional financial institution could.

Savvy is an excellent example of this. Savvy’s instant loan service connects you to a lender and you can have approval for a loan up to $5000 within 60 seconds of turning on your computer with cash hitting your account on the very same day.

How do quick loans work?

Applying for an instant loan through Savvy   is a quick and easy process. Our online application form can be completed in five minutes, and once you’ve clicked submit, your application will be processed and sent to one of our suite of top lenders within seconds. They’ll then be assessed using fast online financial services and approved within sixty seconds.

Then, once you’ve provided some supporting documentation (which can be sent through electronically), your information will be reviewed by the lender to confirm the details. If everything is in order, you’ll receive confirmation documents (including a final contract) within the same day, and often within one hour.

Once you’ve reviewed the lender’s documents and officially signed off on them, your loan will be finalised and you can expect to see the money in your account on the same day.

What do I need to get a quick loan?

There are a few things you’ll need to have in order to get a quick loan online. Obviously, it’s important that you’re able to make your repayments, so you’ll need to make sure you’ve got enough income to comfortably pay off the loan. How much income you need will vary depending on the lender’s criteria, the size of the loan and how quickly you’re hoping to pay it off.

You’ll also need supporting documents to be able to confirm the details of your application. You’ll normally need:

  • Identification – you’ll need at least 100 points of ID to verify your identity, which you’ll need to send electronically, so access to a scanner or a decent camera will be necessary here.
  • Payslips or proof of income – you’ll need to be able to confirm you have a stable, reliable income, which will require payslips. If you don’t work in a job which issues payslips (such as if you’re self-employed), you’ll need an alternative way to show your income – such as details of invoices paid to you, or other financial records .
  • Bank statements – Your lender will need to see your finances to confirm income and make sure you don’t have any debts or big expenses they’re not aware of. Fortunately, most banks have easy options on their websites for getting those statements electronically.

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Eligibility for a quick cash loan

Frequently asked questions about quick loans

What sort of things can I use a quick loan for?

One of the big advantages of a quick cash loan is that they can be used for almost anything you wish. Emergency household repairs, replacing whitegoods, upgrading your television, paying bills, maintaining the car, or even taking a short family holiday are all perfectly good uses for funds from a quick loan.

How much can I borrow?

You can apply for up to $5,000 with a minimum of $300, depending on your circumstances.

Can I get a quick cash loan outside of business hours?

You can get approval for a quick loan at any time of the day or night. Savvy’s online application process is available 24/7 and can connect you with a lender that can provide instant loan approval at any time. Your credentials still need to be verified before the loan can be finalised and the money transferred, but knowing you have the money already approved means you can rest easy knowing those funds will be there to use.

Will a bad credit score stop me getting a quick loan?

All lenders run credit checks, but online lenders are normally more interested in the current state of your finances than your previous history. The lenders available through Savvy are keen to work with your situation and a less-than-ideal credit score isn’t as much of a problem as you might expect.

Do other lenders charge different rates for quick loans?

Small cash loans under $5000 aren’t charged interest, and the fees are capped by the government. Fees for loans up to $2000 can’t be more than 20% of the loan to set up the loan, and 4% per month as an ongoing fee. Loans from $2000 to $5000 can’t be charged more than 48% of the loan each year. As such, you’re not likely to find any difference between lenders when it comes to small loan fees.

How long do I have to repay a quick cash loan?

Normally between three and 24 months, depending on the lender. Savvy can connect you with lenders who are willing to work with your situation and set up a repayment schedule that works for your finances.

Can I still get a quick loan if my only income is from Centrelink?

Most smaller lenders are more interested in how reliable your income is than in how it gets paid to you – provided you can show evidence of that. As long as you earn enough to make your repayments (while still paying your bills), and your income is reasonably consistent, you’ve generally still got options for a quick loan. Savvy can connect you with lenders who can work with Centrelink benefits and other forms of income, and who love helping people get back on their feet!