Apply for a quick payday advance of up to $5,000 through Savvy today and receive an instant outcome.
Fact checked
Fact checked
If you’re in a situation where you need money fast, such as to catch up on bills or simply add extra funds to your household budget, it’s important to know that a quick payday advance can help you out. That’s where Savvy can help.
We’re partnered with lenders who understand your situation and can offer not only instant outcomes but also formal approval and funding as soon as the same day you apply. Get the ball rolling through us today!
Quick payday advances, also known as payday or small loans, are short-term financial solutions designed to provide immediate cash for individuals facing unexpected expenses or cash flow gaps between paycheques. These loans typically offer a small amount to be repaid in instalments over a set period, which can range from as little as 16 days to two years in some cases (12 months is another common loan term).
Borrowers can choose from weekly, fortnightly, or monthly repayments. The cost of its fees are also dependent on the size of your loan and the amount of time you take to repay it. The two main fees to consider are the monthly fee (which is capped at 48% of your loan’s value over 12 months) and the establishment fee (capped at $400).
Through Savvy, you can borrow any amount from $2,050 up to $5,000 (subject to meeting the required lender eligibility criteria). This flexible range can accommodate a range of financial needs and provides individuals with the ability to choose an amount tailored to their specific needs.
However, it’s important to note that the borrowing capacity for each applicant is determined by a range of factors, including credit score, income, existing liabilities, savings and other relevant financial considerations. This means that you may not be able to borrow the same amount as another applicant if your financial situations are very different.
Ultimately, what you can borrow will come down to what you can afford to comfortably repay. Your income can come from multiple sources, such as one or more jobs with stable pay and hours and eligible Centrelink payments. If you’re applying to take out a loan with fortnightly repayments of $500 and you only earn $400 per fortnight, for instance, you wouldn’t be approved.
Applying for a quick cash advance loan through Savvy is a user-friendly and efficient process. Our straightforward online application form can be completed in just a few minutes, where you can provide information about yourself, your income and employment and more.
Once you submit your application, you’ll be matched with a lender whose criteria you automatically meet receive an instant outcome in 60 seconds. If approved, your lender will formally assess the application. From there, you can be formally approved if you pass all the required checks (which may include providing further documentation in some cases).
Your lender will send through loan documents for you to review and sign. These will outline all the terms and conditions of your agreement, including your repayment schedule and term, fees and more. After you sign this and return it to your lender, the funds can be advanced to your nominated account as soon as the same day and you’ll begin repaying it the following week, fortnight or month (depending on what you chose).
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.
