Short on cash? Apply for a quick loan online with us today.
Fact checked
Fact checked
It can play havoc with your budget when unexpected costs pop up out of the blue. Whether it’s an expensive phone or vet bill, having a little extra cash can help you breathe much easier. Luckily, Savvy can help you with a quick online loan.
Not only can you get your cash quick, but applying for it is easy too. Our 100% web-based application process means you can apply, be approved and get your cash all from the touch of your smart device. Take the pressure off your budget and apply with Savvy today.
A quick cash loan is a type of finance which allows you to borrow between $2,050 and $5,000, depending on your borrowing power. The time it takes to process your loan is fast because the whole application process takes place online and is highly streamlined. In most cases, you can be approved and have your funds on the same day you apply.
To apply for a loan, you’ll need to meet a handful of loan eligibility requirements. These include:
Applying for a loan over the internet in Australia is pretty straightforward. Once you choose your loan amount and tell your lender why you need it, you can go about completing your initial application. You’ll need to share some basic details with your lender, including:
| Details | |
|---|---|
|
Personal |
Title, full name, date of birth and email address, mobile phone number |
|
Residential |
Current address, residential status and rent/mortgage/boarding costs |
|
Employment |
Employment status, the industry you work in, tenure with your employer and where you work |
|
Income |
Income after tax, pay frequency, whether you’re a Centrelink customer and the date of your next pay. |
After you’ve provided these details, your lender will require some digital documents to prove your identity. They’ll usually ask for a driver’s licence or passport and a Medicare card, which can be uploaded to a secure portal. Once these have been supplied, you’ll get an instant decision on your application.
If you’re instantly approved, your lender will forge ahead and run some checks to ensure you can afford the loan you want and the information you provided was accurate. After a quick assessment of your credit history and financials, you can be offered formal loan approval. Your lender should release your funds as soon as you sign and return your emailed loan contract.
In most cases, you’ll receive your money on the same day; however, this will depend on when you apply and how fast your bank transfers payments. Applying earlier in the day or week improves your chances of getting approval and funding that day. Banks also have different transfer speeds, particularly outside of business hours, so you may experience a delay in receiving your funds in some cases.
You can take up to two years to repay your online cash loan, with a minimum available term of 16 days. While the length of time you take to repay your loan will determine the size of your repayments, it will also shape how much you pay in fees.
If you need a loan today, it's important to understand what the fees charged may be:
Choosing a longer term will reduce your repayments and make them easier to manage, but it’ll mean you’ll pay more in fees. By choosing a shorter term, you’ll pay more in regular repayments, but the costs associated with your loan will fall. For example, if you borrowed $2,500 over 12 months instead of 15, the value of your regular repayments would rise by $48, but the overall cost of your loan would fall by $300.
The beauty of these types of quick loans is they can be used for a wide variety of urgent and non-urgent uses. Some of the ways you can use your quick online cash loan include:
You won’t be able to use it to gamble or repay similar types of finance, with lenders very unlikely to approve you for a new payday loan if you’re already repaying another one.
No matter the time of day or week, you can complete your small loan application with us online.
You can receive an outcome in 60 seconds and, if successful, have your money sent in just one hour.
We're partnered with reputable Australian lenders to bring you greater peace of mind when applying for your small loan.
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.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
