Small Payday Loans
Apply for a small payday loan with Savvy today and get approved before you know it!
- Borrow up to $5,000
- Outcome in 60 seconds
- Flexible repayments
- 100% online
Fact checked
Fact checked
Small payday loans are big on convenience
Small payday loans certainly make very good financial sense for certain small cash flow requirements. Not every borrower wants to commit to a long-term personal loan for thousands of dollars – and not every purchase we need to make is huge. Sometimes, you might just need to put your hands on a few hundred dollars until you get paid. That’s where payday loans come in, and they make it easy to tailor your borrowing to suit your needs, with repayment periods as short as 16 days or as long as two years. You can use a payday loan for any purpose and arrange one in minutes.
Qualify for a small payday loan in minutes!
Savvy makes applying for a payday loan between $2,050 and $5,000 very quick and extremely straightforward. Just give us a few details, and we’ll instantly find your ideal lender based on how much you want to borrow, your circumstances, and how you’d like to repay. Then just fill out the loan provider’s form and upload any required documents from your phone or computer, nominate a bank account to receive funds, and get a fast decision. After that, the lender will send you an agreement to sign digitally. Some payday loan providers will credit your bank account on the same day.
Why apply for a small loan with Savvy?
Apply online, 24/7
No matter the time of day or week, you can complete your small loan application with us online.
Instant outcomes and same-day money
You can receive an outcome in 60 seconds and, if successful, have your money sent in just one hour.
Trusted lender panel
We're partnered with reputable Australian lenders to bring you greater peace of mind when applying for your small loan.
Got a question about small payday loans?
Repaying a small payday loan – your options, how fees work
Small payday loans have zero early repayment fees
Small payday loans can be paid off quickly – with no extra charges. That means lenders don’t charge any early repayment fees for a payday loan – no matter how fast you decide to clear the debt. That’s why so many Australian lenders use small cash loans when they just need to bridge a cash flow gap. As soon as you’re back on track, you can either stick with your arranged repayment schedule or opt to pay off what you owe without any financial penalty.
Scheduling your payday loan repayments
Every Australian borrower is different. These days, more and more of us work flexible hours or seasonal jobs. Small payday loans are designed to match the way you and your finances work. You can set up repayments to fit your pay schedule, choosing weekly, fortnightly, or monthly intervals. It’s easy to specify the day of the week or month that suits your income schedule too – and repaying via direct debit means you’ll never fall foul of a late payment fee.
Repay your own way with a small payday loan
With a small payday loan, faster repayment options also equate to lower borrowing costs. That’s because any form of credit costs more money when you borrow for a longer time – but small cash loans let you choose a repayment period as short as just sixteen days. If you’d rather take a bit longer, that’s fine too. You’re free to choose anything up to two years.
Small payday loans feature capped, fixed repayments
Small payday loans feature capped fees and fixed repayments. For example, the fee cap means you’ll never pay more than $400 in establishment fees. Regular repayment fees get charged per payment, and they’re also capped at 48 per year%. There are no other charges, and annual interest rates don’t apply. Over three months, a $2,200 loan will cost a total of $664.
Small loans to suit your circumstances
Helpful small loan guides
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.
