Personal Loans on the Spot
Access instant small personal loans up to $5,000 with Savvy.
- Borrow up to $5,000
- Outcome in 60 seconds
- Flexible repayments
- 100% online
Fact checked
Fact checked
Most of us would’ve experienced a situation where an unexpected expense pops up that you don’t quite have the money to pay for. Fortunately, you can access cash loans virtually on the spot and cover just about any cost up to $5,000 when you apply for financing through Savvy.
We’re partnered with reputable lenders who understand that life isn’t always straightforward and can work with a diverse range of financial backgrounds. Get started with your small personal loan by applying with Savvy and we’ll find a lender suited to your needs.
The features and benefits of an on the spot small personal loan
60-second outcomes and same-day funds
Small personal loan applications are highly automated and efficient, so you’ll receive an outcome in as little as 60 seconds and funds potentially within the hour.
Borrow from $2,050 to $5,000
With possible amounts spanning a wide range, small loans are versatile and able to be used for just about anything you like from as little as $2,050.
24/7 applications
Because the process is online, you can submit your application to your lender at any time and receive an immediate outcome, so that you know the funds will be there.
Diverse accepted income streams
Whether you’re working full-time, part-time, casually, earning income through Centrelink or a mixture, you’ll be able to be approved for financing with a small loan financier.
Repay over 16 days to two years
You’re also afforded a great deal of flexibility when it comes to how you repay your loan, with repayments taking as little time to repay as 16 days and as much as two years.
Capped fees
Fees form the sole cost of your loan and are capped so that you’ll know what they’ll add up to before you even sign onto the loan.
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.
How to save time on the small personal loan application process
Only borrow what you can comfortably repay
Submitting your application for an amount that may cause you some difficulty in repaying is likely to result in a swift rejection from your lender. While they’re likely to come back with a return offer of an amount they’d be willing to approve you for, you can save time by thoroughly assessing your income and expenses and determining what you can comfortably afford to commit to.
Review your lender’s eligibility criteria
Above all else, you should always ensure that you meet your lender’s qualifications before applying. These criteria include:
- At least 18 years old
- Be an Australian citizen or permanent resident
- Earn a stable income over the preceding 90 days
- Own an internet banking account
Apply for one loan at a time
Although you might think it makes sense to apply for several small loans at once to maximise your approval chances, this isn’t a good idea. That’s because multiple applications showing up on your credit file in quick succession will raise suspicion amongst lenders regarding whether you’re a trustworthy candidate for a loan, potentially reducing your chances of approval for similar finance as a result.
Prepare all of your documents
One way to make your application move faster is to sort out all of the required documents before applying. You’ll need the following in your application:
- Photo ID such as your driver’s licence, passport or another valid form
- The last 90 days of bank statements (and Centrelink statements if you receive Government benefits)
- Your employment contract
- Online banking account information
- Proof of address (such as a recent bill)
Apply in the morning
Finally, a simple way you can prevent your application from dragging out too long is to apply as early in the day as possible. This puts you at the top of your lender’s agenda moving into the new day and gives them as much time as possible in the day to approve, process and transfer the money for your application.
Frequently asked questions about personal loans on the spot
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.
