Same Day Cash Loans No Paperwork

Wanting a same-day cash loan? Dodge the messy paperwork and apply with Savvy.

Apply in less than 10 minutes.

Last updated on August 18th, 2022 at 03:41 pm by Kurtis Eichler

Get same-day cash loans with no paperwork

Juggling the costs of a mortgage, running a car and other day-to-day expenses is the reality for many Australians. So, when costly bills pop up out of the blue and you need some emergency funds, a same-day cash loan can give you some much-needed breathing space without messy paperwork.

By partnering with a panel of reputable lenders, you can get approved and receive your funds as soon as the same day you apply. Our application process is completely online, meaning you won’t have to send any physical paperwork to your lender.

Get the best shot at same-day finance and apply with Savvy today

Can I get approved for a cash loan on the same day with no paperwork?

Yes – you can apply and get approved for a same-day cash loan without any messy physical paperwork. While all applicants go through the appropriate checks, we fast-track our online processes so you can get approved on the same day you apply.

While there’s technically no paperwork involved in these loans, you’ll still be required to submit digital copies of your photo ID and online bank statements to verify your identity and financial situation. You’re able to upload these to a secure portal to give you peace of mind your documents are well protected. All lenders are required to check these details as part of responsible lending regulations to ensure you can afford to repay your loan.

The speed of approval and funding will, however, depend on your personal circumstances and will vary from case to case. Applying earlier in the day and having any required documents close at hand will help you maximise your chances of getting your money on the same day you apply.

What information will I need to apply for a cash loan?

Although you won’t need any paperwork, there are several key pieces of online information and documentation you’ll need to provide as part of your application. Firstly, this will include providing a few details such as:

  • How much money you want to borrow
  • Why you need a loan
  • Your name and date of birth
  • Email address and mobile number
  • Residential address and rent/board/mortgage costs

You’ll also be asked to supply some information about your job including your employment status, the industry you work in, duration with employer and employer’s name. You can also provide details about your gross pay after tax, pay frequency and next pay date. If you’re unemployed, you can declare whether more than 50% of your income comes from Centrelink.

Finally, you’ll have to provide 100 points of personal identification to get a loan today. This can be done electronically and submitted via our online portal. Forms of eligible documents include:

  • A driver’s licence
  • An Australian or foreign passport
  • A government-issued proof of age card
  • Medicare card
  • Birth certificate
  • Utility bill or a bank statement covering 90 days of transactions

How do I apply for a same-day cash loan?

You can apply online with Savvy for a cash loan in minutes. The whole process, from application submission to getting approved and receiving your funds, can be completed on the same day you apply in most cases, allowing you to get your funds very quickly.

First and foremost, you’ll need to meet a set of eligibility requirements when you apply for a same-day loan. These conditions will include:

  • Age: You must be at least 18 years old to apply for a cash loan. There’s no particular age limit for these loans, as you can apply at any age provided you can cover your repayments.
  • Residency: You must be a permanent Australian resident or citizen to apply for a loan. There may be some lenders who can approve applications from temporary residents with accepted visas, but this will depend on the individual lender’s criteria.
  • Contact details: You must have an active mobile phone number and email address. An email address is particularly important because this is where your lender will send your loan contract once you’ve been approved. They may also need to call you during the application process to clarify particulars, so it’s a good idea to keep your phone well charged and close by.
  • Online banking: Your lender verifies your income and spending without the need for a printed-out, 90-day bank statement. They’ll request ‘read-only’ access to your bank statements to verify your income and expenses.
  • Steady income: You must have been earning a consistent income for at least three months before you apply for a cash loan.

Once you provide all the required information and documents, your initial application is sent to your direct lender and you’ll receive an instant outcome. If you’re approved, the lenders will go about assessing your application further, which includes running a credit check to gauge your borrowing history.

Once these checks are completed, you can receive formal loan approval documents as soon as one hour after you initially applied. Forms will be emailed to you and you’ll need to sign and return them so the lender can transfer the funds to your nominated bank account. Once the transfer is completed, you’ll be able to access your loan funds freely and use them however you wish

Frequently asked same day cash loan questions

What can I use my cash loan for?

Cash loans are handy because you can get very quick access to funds and use it for an array of expenses. These include home repairs, emergency vehicle repairs, medical procedures, veterinary bills and general living expenses. You can also use a loan to buy whitegoods and household furniture.

Can I be approved for a cash loan if I’m currently paying off another cash loan?

Lenders generally won’t approve you for a short-term same-day cash loan with bad credit if you’re still paying off another. If a lender sees on your credit file that you’re already repaying a payday loan, they’re unlikely to consider you able to comfortably repay a new loan. Having multiple payday loans and loan applications can also negatively impact your credit score. You’re always better off paying off your previous payday loan before applying for another one.

Can I apply for a cash loan if I’m collecting Centrelink benefits?

Yes – you can get a loan if you’re unemployed or collecting government benefits. However, the benefit you receive must be a fixed and ongoing payment such as an aged pension, carer payment, single parent payment or disability pension to qualify for a payday loan. Temporary benefits such as Youth Allowance, Job Seeker, Austudy or ABSTUDY won’t be accepted as they are deemed temporary and subject to change at any time.

What’s the difference between a personal loan and a cash loan?

Personal loans and cash loans may seem similar, but they have some stark differences. Personal loans usually come with larger borrowing amounts of up to $75,000, longer terms of up to seven years and stricter checks. Cash loans are more suited to covering you in emergencies, as they’re faster to process and easier to be approved for, given the requirements and criteria to meet are less stringent.