Apply for your small loan with Savvy today and get an outcome fast.
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It can be a major headache if you’re struggling to make ends meet and need money desperately to cover urgent costs, so if you need a small loan to tide you over, Savvy can help you.
We’re partnered with flexible lenders to ensure you get a decision on your application as soon as you apply. Our 100% online application process makes it simple and easy to apply, so get your application underway now.
If you’re in desperate need of money, you can apply for a small loan with Savvy now. Our online application process is easy to navigate and, in most cases, you’ll receive your loan funds on the same day you apply. Your initial Savvy form will only take you around ten minutes to complete and is very simple to follow. Don't turn to pawn shop loans, turn to Savvy instead.
Lenders can release your funds not long after you’re offered formal loan approval. This can happen once you submit an initial application, undergo a credit check and your information, income and expenses are verified. Several variables can impact the time it takes to process your application and receive your money, though, including:
You’ll need to check you meet your lender’s eligibility criteria if you need money desperately and want to apply for a loan today. These requirements tend to be pretty standard across all lenders and generally include:
Age
You must be at least 18 years old to apply for a small loan. Lenders will ask for several digital documents to verify your age and identity, including:
Income and employment
You must be earning a steady income for at least three months prior to applying for a loan and share details of your employment status (including where you work and how long you’ve been working). Most lenders will allow you to factor in multiple forms of income, such as:
Expenses
You’ll need to share how much you pay to rent, board or own your home. Your other ongoing expenses, such as outstanding liabilities and monthly living costs such as food and school fees, will also be considered by your lender.
Residency
You must be a permanent Australian resident or citizen to apply. If you’re living in Australia as a temporary resident on an accepted visa, there may be lenders on the market who can help if you need a loan, but your options will be significantly reduced.
Debt
Lenders won’t approve you if you have outstanding and unpaid short-term loans. Having multiple loans to your name can increase the risk of default.
Contact
Having a working Australian mobile phone number and email address is a must as lenders will email you digital loan documents and may need to contact you by phone.
Internet banking
Lenders will request ‘read-only’ access to 90 days’ worth of online bank statements, so you must have access to internet banking for these to be provided. If you’re a recipient of government benefits, you may also be required to supply a Centrelink income statement to help verify your income.
Emergency loans are incredibly versatile and can be used to cover a wide range of urgent costs. Some of the ways you can use your emergency cash include:
Medical expenses
If you need money desperately because you’ve got a broken tooth that requires an urgent trip to the dentist or need to undergo an emergency operation, you can cover the costs with a quick loan. This allows you to focus on your recovery rather than your medical bills.
Vehicle repairs
Having a car is a real lifesaver when you need to get from A to B, but if your ride breaks down, the costs can start to pile up. You can fix your vehicle with a loan and get back on the road fast.
Unexpected bills
Got a case of bill shock? Is your electricity bill higher than usual and wondering how you’re going to cover it? You can borrow money to pay for those unexpected costs that pop up out of the blue.
Replacing appliances
White goods are the backbone of every household, so when they go on the blink, purchasing new ones can be a headache. However, we can help you get a small loan to cover the cost of buying a new fridge, dishwasher or washing machine to get your house back in working order.
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.
