Guaranteed instant payday loan outcomes, no matter what. Apply today.
Fact checked
Fact checked
Life has a habit of being unpredictable and sometimes bills you don’t expect can pop up. You may be searching the web for same-day payday loans with guaranteed approval, which aren’t available through reputable lenders.
However, by partnering with a panel of leading financiers, Savvy can help you get same-day approvals on payday loans to cover those unforeseen expenses, even if you have bad credit. Our lending partners focus on what you can afford now, rather than your credit history.
Get an instant outcome and apply with Savvy today.
Guaranteed instant approvals or ‘no credit check’ loans aren’t offered by credible lenders. Under Australian government lending laws, lenders are obliged to run credit checks on all applicants to ensure they can afford a loan and that it won’t cause financial stress. Because of this, no lender can offer automatic approval on any type of loan.
However, applying with Savvy is a better option for getting an urgent cash loan if you find yourself seeking out these lenders. Our partnered lenders will run a check of your credit history, but they focus more on what you’re currently earning and your capacity to repay, rather than your score or your past. Lenders will ask to verify your income to ensure you can comfortably afford your loan repayments.
You can apply for very quick funds online with Savvy. No matter what, you’ll receive an instant outcome once you submit your application. Depending on your circumstances, you can receive your loan funds on the same day you apply, with no need to wait around until the next day for money.
Run your eyes over the eligibility criteria before you start your loan application. To qualify for an instant loan with bad credit in Australia, you must:
Online applications take just ten minutes to complete. You’ll be asked to provide your personal details, contact information and a bit about your job and how much you regularly earn.
You’ll also be asked to provide 100 points of identification to verify your identity. These can be uploaded to our secure portal. Documents which can be used include:
You'll be asked to provide access to your online bank statements so your lender can verify income and expenses. Physical bank statements aren't needed with these loans. Instead, your details are encrypted and lenders will only be able to see a ‘read-only’ version of your account, ensuring their safety. Once you lodge all of this information alongside your application, you'll receive an instant outcome.
Your application will be assessed and, if satisfied, you’ll be offered formal cash loan approval. Your lender will email a loan contract for you to sign. Once this is returned, your funds can be deposited into your nominated account. In most cases, you’ll receive this money the same day you apply, but this depends both on the applicant and the lender. In some cases, bank transfer times may mean you receive your money the next day. There may also be cases where you’re required to supply more documentation before being formally approved, but this won’t always be the case.
Payday loans come with an establishment fee and a monthly fee. It’s important to keep these costs in mind when you’re choosing how long you take to pay off your loan. The shorter your term, the lower your ongoing costs will be and the more money you’ll save.
When you take out a loan, you’ll be charged an establishment fee which is rolled into your repayments. For all loans, this fee is capped at $400. Loans from $2,500 and up attract monthly fees, which are capped at 48% of your loan amount annually.
Licenced payday lenders don’t charge early repayment or break fees if you pay your loan off earlier than planned. You may, however, be charged a fee if you make a late payment or miss a due date. The value of these fees will vary from lender to lender.
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.
