If you need cash in 1 hour, there are still options available to you, even if you don’t have a great credit score. The good news is that your past borrowing history doesn’t need to affect your chances of getting a loan and applications are quick and easy when you apply via Savvy.
Can I get cash in 1 hour with no credit checks?
No – there are no reputable lenders who can offer a loan of any type to any customer that doesn’t require a credit check by law. However, when it comes to needing a cash loan in 60 minutes, Australians can use cash loans. These products are designed specifically for borrowing smaller amounts over shorter periods than traditional personal loans.
Lenders do run a credit check, but it’s not the same as when you apply for a standard personal loan, for instance. When you do that, loan providers are looking for late payments, defaults, other financial misdemeanours and, most importantly, a good credit score. With a cash loan, they’re primarily checking your existing borrowing and trying to ascertain if you can afford to repay the loan you’ve applied for.
You can complete a cash loan application 100% online and have the money sent to you within the hour. Just enter a few details with Savvy: we’ll then identify your ideal lender in seconds and connect you to their application portal. Savvy works by connecting borrowers with lenders that offer products that meets their needs but also, crucially, those who provide favourable qualification requirements that match their circumstances
Because of responsible lending guidelines, cash loan lenders can use sophisticated software for assessing online applications almost instantly, leading to faster loan approvals and quicker settlement.
Why apply for a small loan with Savvy?
How much can I borrow with a 1-hour cash loan and what will it cost?
You can borrow anything between $2,050 and $5,000 with a cash loan and take between 16 days and two years to repay. The way fast cash loans work is by breaking down fees into a straightforward format that’s easy to understand and calculate when you’re budgeting. Everything is based on a portion of what you borrow.
When you take out a cash loan online in Australia, you pay an establishment fee. Lenders never charge more than $400, so you'll pay the same amount whether your loan is $2,500 or $5,000.
Each time you make a cash loan repayment, you'll pay a monthly fee. This maxes out at 48% of your loan amount over 12 months, so what you pay will depend on the size of your loan and the length of your term.
How can I speed up my 1-hour cash loan application?
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Don’t apply for an unrealistic amount
One hour cash loan lenders check your income and spending carefully. That means applying for too much money is going to complicate your application at best, or have it rejected at worst. Sit down and work out precisely what you can afford and stick to that.
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Provide your documents promptly
Gather everything you’re going to need ahead of time and it will speed up your application. the lender needs to know you are who you say you are. They’ll ask for digital copies of documents such as your driver’s licence or passport, Medicare card, a recent utility bill and your last 90 days’ worth of payslips.
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Apply for your loan early in the day
Firstly, if you need a cash loan in a hurry, it’s going to be really useful to target lenders who promise fast decisions and settlements. Secondly, the earlier in the day you apply for a 1-hour cash loan, the better. That gives the lender ample time to review your application and documents, and for the transfer to reach your bank account, too.
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Keep in touch with your lender
Sometimes, lenders may need to clarify information on your bank statement or ask you some further questions regarding your application. Be sure to stay in contact while your loan is being processed. Keep your phone switched on and check your email now and again, just in case the loan provider needs to speak with you.
