Same Day Cash Advance Loans

Apply with Savvy and get a same-day cash advance loan today.

Apply in less than 10 minutes.

Last updated on July 25th, 2022 at 05:27 pm by Kurtis Eichler

Get a same-day cash advance loan with Savvy

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.

How can I get a same-day cash advance loan?

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:

  1. At least 18 years old
  2. A permanent Australian resident (or citizen)
  3. Earning a steady income for at least 90 days
  4. No outstanding payday loans
  5. Active mobile number and email address
  6. Access to 90 days of bank statements via internet banking

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:

  1. Australian driver’s licence or passport
  2. Proof of age or Medicare card

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.

How much can I borrow with a same-day cash advance loan?

You can borrow anywhere from $300 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:

  • What you regularly earn
  • Your recent spending and regular expenses
  • Any outstanding or ongoing debts
  • Any dependants you have
  • Your credit history

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.

Can I get a same-day cash advance loan with bad credit?

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.

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.

Answers to your same-day cash advance loan questions

How long can I take to repay my same-day cash advance loan?

You can take up to two years to pay back your loan, depending on how much you decide to borrow. Loans up to $2,000 come with term options ranging from 16 days to one year, while more significant amounts come with maximum repayment terms of two years.

What can I use my cash advance for?

Whether you need to repair your car or fix some things around the home, you can do all of that and more with a cash loan. If you need cash now, you can use a loan to cover the cost of medical procedures, vet bills, car repairs, Christmas presents and urgent bills.

How much will my cash advance cost me?

Cash loans come with fixed fees such as:

  • Establishment fee: Charged at 20% of your balance on loans up to $2,000. Larger loans come with a flat $400 fee.
  • Monthly fees: Calculated at 4% of your amount for loans up to $2,000, while larger loans have their fees capped at 48% over a year.


Choosing a shorter term can save you money on fees and reduce what you pay on top of your regular repayments. For example, you’d save $300 if you reduced the term on your $2,500 loan by three months.

Can I repay my cash advance on my next payday?

Yes – as long as your next payday is at least 16 days away from when you settle on your loan. Australian lenders are bound by responsible lending requirements and, as such, can only offer minimum repayments of 16 days.

Can I get a loan if I’m retired?

Yes – you can get a loan if you’ve retired from work so long as you still have a consistent income stream. This may be coming from a Centrelink aged pension, investments or superannuation.