Apply with Savvy and get a same-day cash advance loan today.
Fact checked
Fact checked
If you’re short of cash, a same-day loan can help you access the funds you need fast. When you apply with Savvy, we help find a cash advance offer tailored to you among our flexible partner lenders.
It's easy to apply and our lenders rapidly assess applications, allowing you to receive a quick decision on your loan. Get the balling rolling on your application with Savvy today.
You can apply for a loan online with Savvy if you need same-day cash. In most cases, you can be approved and have your money paid out on the same day you apply in most cases.
Before you take the plunge and start your same-day loan application, double-check the eligibility criteria. These conditions include:
You can apply for a cash advance loan online if you satisfy all these criteria. The initial application takes about ten minutes to complete and requires you to share some basic details about you, your work and your income, which will help your direct lender consider you for instant approval. You’ll also be asked to supply some documentation to prove your identity. Your lender will generally ask for:
You’ll get an instant decision on your application once you submit it. If you get instantly approved, your lender will run a few quick checks to verify the information you’ve provided as part of the initial application. If these go through without a hitch, you should be offered loan approval soon after. Your lender will release your funds once you sign and return your digital loan contract. From time to time, lenders may require clarification or additional information to complete your application. If they do, this shouldn’t delay your process by too much.
Ordinarily, you should receive your loan funds the same day you apply. However, lenders don’t action applications 24/7, so applying earlier in the day or week will improve your chances of a same-day payout rather than have it drag out into the next day.
Once your payment is released, it’s in the hands of your banks. Payment transfer speeds differ from bank to bank, but most take a few hours to process inter-bank payments. Getting your application approved and funded sooner will improve your chances of getting the transfer processed and in your account on the same day instead of the next day.
You can borrow anywhere from $2,050 to $5,000 with a cash advance, so long as you can afford the repayments. When you apply for a payday loan, your lender assesses what is known as your ‘borrowing power’. Simply put, this is the amount of money a direct lender determines you can comfortably afford to borrow. Your borrowing power is made up of several variables, including:
Wages aren’t the only form of income which can be factored toward your loan. Most lenders will let you count multiple income streams towards your instant online cash advance, including fixed Centrelink benefits (such as the disability pension, carer payments and single parent payments).
Lenders will check your current finances by reviewing a ‘read-only’ copy of your online banking statements. This gives them a good idea of what you can afford to borrow based on what you earn and regularly spend.
Yes – you can take out a cash loan if you have bad credit. Simply put, bad credit isn’t as big a problem if you’re applying for a cash advance because lenders won’t assess your application solely based on your score.
Your lender checks your credit history to get an idea of what type of borrower you have been when you apply for a direct cash loan. They won’t concentrate on your credit score, preferring to take a broader look at your borrowing track record and your current ability to repay your loan. Responsible lenders won't approve you for a same-day loan with no credit check.
Lenders also prefer to assess these factors because some bad credit is worse than others. For instance, lenders may not be as concerned about late payments on your credit card but will pay more attention to a recent default, which could impact your chances of approval.
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.
