Same-Day Cash Loans

Access financing for whatever you need on the same day you apply by finding your lender with Savvy.

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Savvy Editorial Team
Savvy's content writing team are professionals with a wide and diverse range of industry experience and topic knowledge. We write across a broad spectrum of finance-related topics to provide our readers with informative resources to help them learn more about a certain area or enable them to decide on which product is best for their needs with careful comparison. Meet the team behind the operation here. Visit our authors page to meet Savvy's expert writing team, committed to delivering informative and engaging content to help you make informed financial decisions.
Our authors
, updated on September 12th, 2023       

Fact checked

At Savvy, we are committed to providing accurate information. Our content undergoes a rigorous process of fact-checking before it is published. Learn more about our editorial policy.

$2100
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$500
$50,000


Paid in 60 mins if approved*
Written by 
Savvy Editorial Team
Savvy's content writing team are professionals with a wide and diverse range of industry experience and topic knowledge. We write across a broad spectrum of finance-related topics to provide our readers with informative resources to help them learn more about a certain area or enable them to decide on which product is best for their needs with careful comparison. Meet the team behind the operation here. Visit our authors page to meet Savvy's expert writing team, committed to delivering informative and engaging content to help you make informed financial decisions.
Our authors
, updated on September 12th, 2023       

Fact checked

At Savvy, we are committed to providing accurate information. Our content undergoes a rigorous process of fact-checking before it is published. Learn more about our editorial policy.

It’s not uncommon to find yourself in a position where you’re caught short on funds but need them to cover pressing expenses. Same-day loans are designed to help Australians deal with unexpected financial bumps in the road, which you can find right here with Savvy.

We’re partnered with flexible cash loan financiers who understand your situation and are willing and able to help you find a deal that suits your needs. You can get started with the application process today and see the funds hit your account within hours.

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The features and benefits of same-day cash loans

Instant outcome and fast funding

You can receive an outcome in just 60 seconds and, once approved, your lender can send through your approved funds in as little as one hour after you apply.

Borrow what you need

You might only need a small loan of $2,050 to cover the expenses you need, but you can also take out a larger loan of up to $5,000 to pay for more substantial costs.

Choose your term length

One of the key benefits of cash loans is that you can decide on a loan term that suits your needs, with any period ranging from 16 days to two years.

Free early repayments available

Your lender won’t penalise you for making repayments above and beyond the minimum required amount, which can potentially help you save on fees considerably.

Fixed, capped fees

With an establishment fee worth up to $400 and monthly costs capped at 48% per year, you’ll know what you’re paying each month towards your loan.

Unsecured finance

There’s no need to worry about providing security for small cash loans, as they’re an unsecured source of financing which keeps them separate from your car and other assets.

Why apply for a small loan with Savvy?

Top tips for getting your cash loan approved on the same day

Only apply for what you can afford

Lenders run affordability checks on every single application they receive to ensure applicants are requesting an amount that can be feasibly repaid. If they determine the amount you’re asking for and your proposed loan term are too high, they’ll either return with a counteroffer or reject your application outright. It’s crucial to consider what you can afford before applying.

Prepare the required documents

Ensuring you have the right documents on hand at the point of application will save you from any potential back and forth with your lender trying to sort out your completed application. The documentation requirements for same-day payday loans are simpler than those of larger types of personal finance, so it shouldn’t be too difficult for you to gather these in anticipation of your application.

Have outstanding debts paid off

Although eligibility criteria are more generous for small loans, there are still factors which can lead to rejection. One of these is your disposable income, which can easily be eaten up by repaying other debts like loans and bills. With fewer of these on your plate, you stand to increase your borrowing power considerably and your chances of approval overall (by showing your lender you can repay debts).

Apply early in the day and week

Finally, getting your application done as early in the week as possible will help you ensure a fast turnaround. For instance, applying for a loan on a Saturday night after 5:00pm, while still potentially enabling pre-approval, isn’t as likely to deliver you funds on the same day as a Monday morning application would. Be savvy when it comes to timing your application.

Applying for your same-day cash loan

The process of applying for a cash loan is a considerably less involved and simpler one to understand than other, more substantial types of financing.

As mentioned above, this process can take as little as one hour from start to finish, so it’s important to understand each step of the way to maximise your chances of rapid approval.

Analyse the steps for your cash loan application and walk away with the funds you need to cover any expenses on the same day.

Submit your quick application with Savvy

Tell us about some things about yourself, such as your financial situation and what you need the loan for, and submit your application.

Find out your outcome instantly

From there, your application will be instantly sent off to your lender, who can automatically confirm whether you were successful or not.

Send your documents to your lender

If approved, you can send your documents through to your lender, which will include bank statements, photo ID and proof of address.

Sign your agreement and receive your funds

Once they’re satisfied, they’ll send through a loan contract for you to sign, after which they can advance the funds into your account.

Frequently asked questions about same-day cash loans

Are there same-day cash loans for the unemployed?

Yes – unemployed individuals can access instant loans, provided they earn some form of income on a consistent basis. This may come from investments, superannuation or government payments. You should always check with your lender in advance to confirm whether your source/s of income are eligible when it comes to paying off your loan.

Can pensioners access same-day cash loans?

Yes – Centrelink benefits can count towards your overall income, or serve as the primary source of earnings, on a small loan application. Not all government benefits are accepted, however; while stable and permanent payments such as disability, aged, carers’, veterans’ and single parents’ benefits are accepted, JobSeeker, Youth Allowance, Austudy and ABSTUDY aren’t. JobSeeker can be accepted as a low income or family tax benefit supplement, however.

Who’s eligible for a small loan?

The eligibility criteria for instant cash loans are quite broad. To qualify for financing, you’ll need to meet the following points:

  • You must be 18 years of age or older
  • You must be an Australian citizen or permanent resident
  • You must be earning a stable income into a bank account which can support your repayments
What can I use my loan for?

There aren’t any real restrictions on how you’re able to use your small loan funds. You might need to borrow money to pay for repairs for your car or cover its registration, pay for whitegoods or household appliances or repairs or even to help you pay for Christmas presents for your kids.

Will my credit score impact my application?

Not really – when it comes to same day cash loans, lenders are more concerned with your ability to repay them than your credit score. We work with flexible financing partners who can look past previous troubles and approve you based on factors in the here and now. They’ll still conduct credit checks, though, which are mainly designed to ensure you haven’t defaulted on similar loans recently and to assess your residential history. Lenders like to see stability in your living situation, so they won't approve you for a same-day loan with no credit check

Am I able to receive funds on the weekend?

You can – we work with lenders who are open on the weekend and can approve your application at the same speed as any other day of the week. You should check your lender’s online opening hours before submitting your application in case you find that one option can deliver you same-day funds when another can’t on a Saturday.

Is my information safe?

Yes – online lenders are required to have robust systems in place to ensure the private information of their customers is protected. They utilise various high-level encryption programs to store your information and establish a secure line of connection between you and your lender which protects any key details passed between you.

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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.