Online Cash Loans
In a jam? Get unstuck with an online cash loan from Savvy.
- Borrow up to $5,000
- Outcome in 60 seconds
- Flexible repayments
- 100% online
Fact checked
Fact checked
Need a tide over loan? We can help
When you fall short and a big purchase is urgent and important, Savvy is here to the rescue with online cash loans. Unexpected bills can strike just before pay day; medical expenses can mount up which can’t be put on the credit card; sometimes we just need to travel at the last moment and we can’t muster the cash on our own. Online cash loans are a stop-gap solution for everyday Australians who just need a hand up in a time of need.
What is an online cash loan?
An online cash loan is a small, short-term loan (16 days to 24 months) ranging from $2,050 to $5,000. As the name suggests, the entire process can be handled using online forms without going through strenuous document checks and income assessments. Our lending portal does all the work for you and lets you know if you’re approved in minutes. You can even choose the term length in most cases. We also have friendly consultants standing by to help you through.
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 streamline your online cash loan application
How much do you need?
Make sure you know how much you need to cover your bill or sudden expense. Taking out more than necessary can lead to higher interest repayments.
Complete your online application
Use our simple online application form to submit a request for an online cash loan. At this step, we’ll ask you for identification and supporting documents. We can figure out approval within minutes.
Review the offer
Once we’ve received and approved your application, we’ll forward you your online cash loan options. You can discuss the best finance options with your dedicated consultant. You’ll need to review the fee schedule and charges and make sure you understand your repayments and obligations before making an agreement.
We transfer cash
Once approved, we transfer your cash on the same day, depending on your bank or credit union.
Frequently asked online cash loan questions
Your guide to online cash loans
How to get out of debt by sorting out your finances?
Despite our best intentions, life gets in the way of having our finances in the black. However you can sort out your debt by sorting out and reorganising your finances. First off, you need a snapshot of your finances. Money coming in, money going out, and how much debt you have. Work out what kind of spending can be redirected into paying off debts. Cutting off a streaming service you don’t need could save $180 a year. You should begin prioritising your most expensive debt (in terms of interest and balance) – or consider taking out a debt consolidation loan to help reduce interest altogether. You may want to work out a plan with creditors if you are in deep debt.
What is the best way to manage your personal loan?
Personal loans and online cash loans are a great way to help tide you over when times get tough. However, if you don’t manage your personal loans they can sometimes get out of hand. Managing a personal loan should be easy – you can make scheduled repayments using direct debit. You need to make sure your account has enough funds each week/fortnight/month to cover the repayment. If you are having trouble paying a loan back, honesty is your best policy. You should contact your lender or broker well in advance of your repayment date to report any difficulties. This will help you avoid fees and charges as well as defaults.
Is putting it on the credit card better than an online cash loan?
If you already have a credit card with a high enough credit limit and an unexpected bill comes through, is that the best way forward? Though it may be more convenient, credit card interest rates on major purchases (above $100) may end up costing you more. Credit cards are easy forms of credit. You don’t have to pay a set amount each month, just the minimum. The minimum might incur massive interest over time – a balance of $1,000 at 20%p.a. means you’d pay $1,164 just in interest over nine years with a minimum repayment of 2%. An online cash loan has a fixed interest period along with the loan term. That means interest won’t accumulate over time, and you’ll more than likely be better off.
What you need to consider before applying for an online cash loan?
Online cash loans are convenient and fast ways of getting cash when you need it the most. However, there are some points you must consider before making an application. You should figure out what your online cash loan is for. It should cover unexpected expenses that require urgent payment or weekend emergencies; payment you could not come up with any other way. You should also refrain from making multiple applications. Online cash loans are stopgap measures and should be treated as such. Consider taking out shorter terms if you can, as longer terms accumulate more interest. You should also read all terms and conditions before applying, to avoid surprises.
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.
