Qualify for a $1,000 loan today and use the funds for anything you need. Fees get capped, repayments are flexible.
Author
Sau TFact checked
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Sau TFact checked
When you need short-term finance that’s fast to arrange, you can apply and qualify for a $1,000 loan the same day via Savvy. No matter what you need funds for, smaller cash loans come with clear-cut qualification requirements, fixed and capped fees and applications happen 100% on the web – so they’re lightning fast.Â
$1,000 loans are part of a family of finance products that are designed to provide quick and relatively simple approvals and take advantage of the internet, technology, and rapid money transfers.
$1,000 loans also come with a straightforward structure of fees and repayment options are designed for convenience. Repayments can be set for any period between 16 days and one year and borrowers can also request weekly, monthly, or fortnightly repayment terms to match their income frequency. There’s no requirement for the borrower to supply any type of security for their loan either.
Fees for $1,000 loans are easy to understand and budget-friendly. There are two main types: setup and repayment fees. The first of those is based on a maximum of 20% of your loan amount – and can’t be higher. The second is based on 4% of what you borrow and that’s strictly capped too. Setup fees don’t need to be paid up front: they’re incorporated into your loan amount and you tackle them as part of your repayments during the agreed term.
That means that smaller cash loans become more expensive the longer they run and the more you borrow, so it’s essential to plan applications carefully and repay as quickly as you can comfortably afford. Here are some examples of how loan lengths and borrowed amounts affect costs:
| Loan amount | Loan term | Monthly repayment | Total fees | Total to repay |
|---|---|---|---|---|
|
$1,000 |
2 months |
$640 |
$280 |
$1,280 |
|
$1,000 |
4 months |
$340 |
$360 |
$1,360 |
|
$1,000 |
8 months |
$190 |
$520 |
$1,520 |
|
$1,000 |
12 months |
$140 |
$680 |
$1,680 |
Many Australians use cash loans to get a business idea off the ground. You can get a $1,000 cash loan to start a side gig, buy equipment to launch a startup with a small loan or even fund an eCommerce website.
You may need to produce some upfront funds when aiming to complete a training course. This may be required as part of your employment, something you’ll have to do to qualify for your desired employment into the future or it simply may be a course you wish to complete for your own personal benefit. Whether it be a barista course or first-aid, $1,000 is a versatile amount that can cover you when you can’t quite afford your training.
All of us have those weeks or days when expenses all come at once – and it’s usually right in between paydays. Pet owners have vet bills, electricity and gas costs skyrocket in winter, vehicles break down and more. When the unexpected happens, a small loan can provide some breathing space and you can pay it back as soon as you get back on an even financial keel.
Moving house can be expensive, but you can use a shorter-term loan for a rental bond and spread the cost over a few pay dates. Many borrowers also incorporate costs like steam cleaning and movers into a single cash loan.
You can use a $1,000 loan for a car deposit or even to buy a second-hand vehicle. Some borrowers use cash loans to lessen the impact of annual registration costs, and then repay the expense gradually over a few pay cycles.
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.
