Instant Approval Loans Need Cash Today

Pretty much – one of the great advantages of an instant payday loan is the flexibility in what you can use it for. Travel expenses, bills, new appliances, household repairs, family holidays – all of them are perfectly good uses for an instant loan. There are a few basic restrictions, such as not borrowing to pay off other personal loan debts, but other than that the cash is available for whatever you need it for.

Small cash loan fees are capped at $400 at setup, and a maximum of 48% of the total per year. These caps are put in place by the Australian Government, so they’re heavily regulated.

With a loan through one of Savvy’s suite of lenders, the choice is actually in your hands as to how quickly you want to pay it back. If money is tight, you might extend the loan out to 24 months to keep repayments low and affordable. Alternatively, you might choose to have everything paid off within three months, which increases your repayments but reduces the amount you’ll pay in fees overall.

In Australia, an instant cash loan can be as little as $2,050. A loan that small can be a fast and easy short-term boost to your finances in a tight spot and because the fees are capped, if you pay the debt off quickly, you may save a significant amount compared to repaying over a longer loan term.

No – credit checks are just part of the process of approving a loan in Australia. In addition to showing your credit score, they’re also used to verify your identity. As such, you’re not going to find a reputable lender that will approve a loan with no credit check. However, it’s important to note that online lenders – like those available through Savvy – are generally very tolerant of bad credit ratings, so they don’t have to stop you from getting a loan.

While payslips are a pretty normal part of a loan application process, that doesn’t mean someone who’s self-employed, seasonal or who earns money through assets are automatically excluded. Payslips are used to confirm that you have enough income to pay off an instant online cash advance loan. Most online lenders are willing to work with alternative sources of income – provided you can show other evidence of that income (such as invoices for freelance work, or records of royalty payments).

Yes – many online lenders (including those Savvy partners with) are able to help someone on Centrelink benefits, as long as your income is enough to reasonably make your repayments.