Savvy has you covered if you need a fast payday loan. Apply today.
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Fact checked
Are you chasing loans with no credit or employment checks required? If you need some fast cash, Savvy can connect you to a flexible lender who can have you approved and funded as soon as the same day you apply.
Our 100% online application process is streamlined to make applying for a loan easy and hassle-free. Whether your car needs some repairs or you need a new washing machine, you can get a payday loan with Savvy today and cover the costs today.
You can be approved for a payday loan without the need for employment verification, as long as you’re earning a steady income. However, responsible direct lenders won’t approve your application without running a credit check.
There’s no need for a direct lender to verify your employment if you can prove you’ll be able to comfortably afford the proposed repayments on your loan. Most lenders allow you to factor in a mixture of income streams, not just wages, when you apply for a loan. These can include fixed Centrelink benefits, investment revenue and superannuation withdrawals.
While employment verifications usually aren’t generally conducted, there are times when Australian short-term lenders will still request proof of your employment. If your income is a little inconsistent because you work casually or you’re self-employed, your lender may need to verify your employment.
Around the same time your lender runs a check of your finances, they’ll also do a credit check. Lenders concentrate on your broader borrowing history and your ability to repay your loan, rather than your score, when running a credit check. This will involve checking factors such as:
If you’re searching for an instant cash loan with no credit checks or paperwork because you have bad credit, the good news is that you can stop looking. Even a very bad score is unlikely to stop you from getting approved if you can show you’re able to afford your repayments. In line with responsible lending obligations, responsible lenders don’t offer ‘no credit check loans‘, as they want to be 100% sure you can afford the loan you want.
If you need cash today, you’ll be required to provide some details and documents. These will be used to prove your identity and also show a lender you can afford your proposed repayments.
After you’ve chosen a loan amount between $2,050 and $5,000 and selected why you need it, you can take the plunge and start your loan application. You’ll be asked to share some details with your lender, including:
As part of your online payday loan application, you’ll be requested to upload digital copies of your personal ID to your lender’s secure portal so they can verify your identity. Your lender will generally ask you to upload any of the following:
If you don’t have some of these forms of ID, you may be able to supply a mix of the following:
Once these details are provided, you should be able to receive an instant decision on your loan. If your application passes your lender’s automatic requirements, they’ll conduct some further credit and financial checks when considering you for formal approval.
Payday loans come with an establishment fee and monthly fees which are calculated based on the size of your loan amount. The way these are calculated as follows:
You can save money on monthly fees by choosing a shorter loan term, which in turn will help you repay your loan faster. However, it’s important to note that this could substantially increase your repayments. For example, if you took out a $2,500 over 12 months instead of 18, your repayments would rise by $80 per month but you’d save about $600 overall on monthly charges.
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.
