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