Apply with Savvy and get short-term loans with bad credit.
Fact checked
Fact checked
A little extra cash can make life a lot easier if you find yourself scraping money together to pay an unexpected bill or are simply strapped for funds. If you need a short-term, same-day loan to tide you over, Savvy can help, even if you have bad credit.
By partnering with credible lenders who look beyond your credit score, Savvy can help you get same-day approval on loans from $2,050. Apply online and have money in your account before you know it.
Yes – our lenders across Australia are more focused on your ability to repay a new loan rather than your credit score. Savvy partners with understanding lenders who’ll consider what you’re currently earning when assessing your short-term loan application, even if your credit is very bad. By applying with Savvy, you can get same-day loans between $2,050 and $5,000. After you receive instant approval after submitting your short-term loan application, you can be formally approved and funded on the same day in most cases. These loans come with term options ranging from 16 days to two years.
Credit checks are conducted largely to get a clear picture of your payment and borrowing history. Lenders will pay close attention to recent defaults on similar financing, which can hinder your chances of approval on a new same-day loan. Getting a free copy of your credit report from a reporting agency can allow you to check your history and spot any mistakes which may be listed on your file.
If you have very bad credit, it may be tempting to search for lenders offering ‘no credit check’ or ‘guaranteed approvals’ on same day loans. However, reputable lenders won’t offer these products in line with responsible lending regulations. Rather than opting for a lender spruiking ‘no credit checks’ or other guarantees, you can apply with us regardless of your credit score.
Applying with Savvy is an efficient and straightforward process to help you get approved and funded as quickly as possible. Before you apply for a short-term loan, double-check you satisfy the eligibility criteria. To qualify, you must:
Applying online with Savvy for a quick same-day loan with bad credit takes about ten minutes. As part of this process, you’ll be asked to provide your personal information, contact details and a reason for needing a loan via our secure portal. You’ll also need to provide your employment history and what you earn. You must also provide 100 points of identification, which can include:
Once you’ve submitted your application, you’ll receive an instant outcome. From there, lenders will assess your application to ensure you can afford the repayments. You’ll be required to supply access to your online bank statements to verify your income and expenses. To give you peace of mind, your banking information is protected using high-level encryption and the lender will only be able to view your account statements, not change them.
If satisfied, lenders can provide you with formal loan approval in as little as one hour. A loan contract will be emailed to you to digitally sign. Once returned, your payday loan funds will be transferred directly to your bank account. In most cases, your funds will hit your account on the same day. Some lenders may ask for additional information, which could delay the process, but this won’t always be the case.
Life can occasionally throw you a curveball. If you need money fast, short-term loans can be used to help cover a range of these types of costs including:
No matter the time of day or week, you can complete your small loan application with us online.
You can receive an outcome in 60 seconds and, if successful, have your money sent in just one hour.
We're partnered with reputable Australian lenders to bring you greater peace of mind when applying for your small loan.
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.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
