Same Day Loans No Credit Check Australia

Enjoy the convenience of same-day loans. Apply with Savvy today.

Apply in less than 10 minutes.

Last updated on July 12th, 2022 at 05:28 pm by Kurtis Eichler

Get same-day loans approved up to $5,000

Looking for a no credit check loan because of a poor credit rating? Don’t let bad credit stop you in your tracks when you need a same-day loan. By choosing Savvy, we help get you on the right track to loan approval.

We partner with a range of flexible Australian lenders who boast fast application turnarounds and instant cash loan outcomes, no matter your credit rating. Shake off your worries about bad credit and apply with Savvy to receive your funds as soon as today.

Can I get a same-day cash loan with no credit check in Australia?

Put simply, no – credible lenders don’t offer ‘no credit check’ loans or guaranteed approvals, as every same-day loan applicant undergoes a borrowing history check. Licensed lenders don’t offer so-called ‘no credit check loans’ or guaranteed approvals because they’re bound by responsible lending laws to run thorough checks to ensure the loan is manageable and affordable for you.

If you’re nervous about a credit check because you have bad credit, though, there’s no need to worry. Even a very poor score is unlikely to stand in the way of loan approval. When lenders run a no-fuss credit check, they won’t simply focus on your score. They look at your wider borrowing history to get a clear picture of your credit track record rather than fixate on your score or rating.

How do I get a same-day cash loan?

If you’re looking for an urgent cash loan, you can apply online with Savvy today. Our application process is simple and easy to follow and you can apply from your smartphone or computer. In most cases, you’ll get your cash loan funds on the same day you apply.

Before you get the ball rolling on your application, double-check that you qualify for a quick loan. This will include meeting some eligibility criteria which are pretty standard from lender to lender. These typically include:

  1. At least 18 years old
  2. Earning a steady income
  3. A permanent Australian resident or citizen
  4. No active online loans
  5. Active mobile number and email
  6. Access to bank accounts and 90 days of bank statements online

You’ll also need to provide some personal documents so your lender can confirm your identity. You’ll normally be asked for the following:

  1. An Australian driver’s licence or passport
  2. Medicare card

Once you’ve ticked all the boxes and chosen a direct cash loan amount between $300 and $5,000, you can apply. You’ll need to provide some personal details as part of this initial application, including:

  1. Your name, date of birth, contact details and residential address
  2. Why you need your loan
  3. Living costs, such as rent or board
  4. Employment status, job title and tenure and the name of your employer
  5. Your income after tax and pay frequency

After you’ve shared the above details, you can submit your application and you’ll receive an instant outcome. If you’re instantly approved, your lender will run a no-hassle check of your credit history and income. In most cases, you should be offered formal loan approval soon after if these run smoothly and receive your loan funds that day.

While you should get your loan funds on the same day, this will depend on when you apply and your bank’s transfer and cut-off times. Applying earlier in the day and week may improve the chance of your funds being paid before your bank’s cut-off, which is usually about 6pm, and ensure your lender can fully process the application during business hours.

What costs do same-day loans attract?

Same-day loans come with a few fees, although how much you pay will come down to the size of your loan and how long you choose to repay it.

The fees you’ll pay on your cash payday loan are:

Term length Establishment fee Monthly fee
$300 to $2,000
20% of your loan amount
4% of your loan amount
$2,001 to $5,000
$400
Capped at 48% over 12 months

The following table shows a series of examples of how these fees are calculated at different loan amounts:

Loan size Establishment fee Monthly fee
$500
$100
$20
$1,000
$200
$40
$2,000
$400
$80
$3,000
$400
$120

Loans up to $2,000 come with repayment options from 16 days to one year, while larger loans have maximum repayment terms of two years. Choosing a shorter loan term will increase the value of your repayments, but you’ll save money on monthly fees. For instance, while the value of your monthly repayments will rise by $94 if you repaid your $3,000 loan over nine months instead of 12, you’d save $360 in monthly fees.

Answers to your same-day loan questions

Can I use my loan to pay for a holiday?

Yes – you can use your same-day loan to pay for costs associated with travel, such as flights and accommodation if you need to make an emergency trip home. These loans can be used to pay for a range of urgent and not-so-urgent expenses, including utility bills, emergency medical procedures, vehicle repairs or home maintenance.

Will a lender conduct an employment check when I apply for a cash loan?

Lenders typically won’t need to run a check of your employment so long as you’re earning a consistent income and have been working in the same job for an extended period. They can simply check your online bank statements to see if you’re earning a stable and regular income. However, they may check your employment if your work is inconsistent or you’ve just started a new job.

Can I be approved and funded on a Saturday or Sunday?

Yes – some Australian lenders can approve and pay out loans on the weekend. While the majority will only be able to approve and fund applications during weekday business hours, there are a handful of lenders who open at the weekend. You can receive your money on the weekend, although bank transfer times tend to be considerably slower and may delay your payment.

Can I apply for a loan if I’m unemployed?

Yes – you can apply for a short-term cash loan if you’re not working at the moment. You just have to be earning some form of fixed income, which doesn’t have to include wages. This can include investment or superannuation income or fixed Centrelink benefits such as the aged pension. If you’re collecting temporary unemployment benefits, such as JobSeeker, some can only be factored towards your loan if they’re used to supplement a low income.

Can I apply for a quick loan if I’m in a Part IX Debt Agreement?

Lenders are very unlikely to approve you for a loan if you’re in a formal arrangement to clear your existing debts. However, there may be some who can help you. Nevertheless, you’ll have a better chance of getting approved if you apply once your agreement has ended.

What can I do if I can’t make a cash loan repayment?

It’s best to contact your lender as soon as possible if money’s a little tight and you can’t afford to make a scheduled repayment. They’ll be able to reschedule your payment or temporarily reduce your payments if you’re suffering short-term financial hardship.