24/7 Loans for Unemployed
How to get an instant cash loan, 24 hours a day.
- Borrow up to $5,000
- Outcome in 60 seconds
- Flexible repayments
- 100% online
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Fact checked
Being unemployed can make a lot of things difficult, and it can be hard to respond to sudden financial challenges. A small cash loan can be a fast way to help you deal with sudden costs but is getting a loan even possible if you don’t have a job? Learn about some of the loan options available when you're unemployed.
Are there loans for unemployed people that are available 24/7?
Yes – while loan applications happened strictly during bank opening hours in the past, we now have a variety of online lenders in Australia who offer many of their services over the internet, 24/7. Online lenders are often far more willing to work with people in financial hardship than larger financial institutions like banks, and many are willing to treat a Centrelink payment as a valid source of income. Getting an instant cash loan through one of Savvy’s lenders is an example of this.
Savvy’s online loan application is available at all hours of the day. Once you’ve completed our five-minute application process, we can connect you to one of our lenders for approval within a minute, 24 hours a day. The lenders that work through Savvy have experience with customers in difficult situations and are willing and able to work with people on Centrelink benefits, so even if you’re unemployed, you can get online and get 24/7 loan approval to borrow up to $5,000.
Does being unemployed limit my options for a 24/7 loan?
Not as much as you may think. 24 hour instant cash loans are really only offered by online lenders, who are among the most tolerant options on the market when it comes to people in difficult financial situations. This can include bad credit, and being unemployed .
For these lenders, the question of where your pay-check comes from is far less important than the fact that you have a consistent income . You can get approval with Centrelink payments as your primary income source, meaning it’s just a matter of making sure you can afford your repayments. For example, if you're unemployed but want a loan for a start-up business, you can apply.
Savvy can link you with lenders who specialise in helping people in financial hardship, so unemployment doesn’t need to be a barrier to getting the support you need at any time of day.
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.
What’s the process for getting a 24/7 instant loan through Savvy?
Apply online
The process starts by filling out a Savvy online loan application, which only takes a few minutes. Once you’ve filled out the details correctly and clicked ‘submit’, you should have confirmation of pre-approval from one of our lenders within sixty seconds. From this point, you can have confidence the money will be available for you to use within a short timeframe.
Submit your documentation
As with any loan, you’ll need to submit some supporting documents so your lender can confirm what’s in your application. This will mean 100 points of identification, payslips and bank statements. All of these can be submitted electronically from the comfort of your home.
Review your loan agreement
Once your application has been confirmed (often within an hour of sending through your supporting documents), you’ll receive some final approval documents from the lender, including your loan contract. As with any contract, you should read this over thoroughly before accepting.
Finalise the loan
Once you’ve accepted your contract (which is done electronically), your loan is finalised and you can expect the money within the same day.
Frequently asked questions about 24/7 loans for the unemployed
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.
