$4,000 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 to borrow some money but don’t want to get slowed down? Here’s everything you need to know about applying for a $4,000 loan and sorting out your borrowing requirements without breaking your stride.
Today’s specialised cash loan providers offer a fast-tracked online system for applications, and you can do everything you need using your smartphone, tablet, or computer at any time of the day or night. Finding the ideal lender for your goals and situation is a lot easier when you use Savvy. Just answer a few quick questions, and we’ll do the rest. Our intelligent digital matching can find the right option faster – based on your profile and lender requirements.
The features and benefits of $4,000 loans
Rapid approvals
Get pre-approved for a small loan in 60 seconds! Most cash loan applications take just a couple of hours to process, and you can start your application 24 hours a day, seven days a week. Once your loan application gets approved, loan providers transfer funds directly to your nominated bank account – which can happen the same working day.
100% online
The fastest way to find a small personal loan is online. Today’s lenders operate specialist application portals. You can fill out an application form in a few minutes, submit supporting documentation quickly, and even sign contracts and agreements digitally – all using just a smartphone or computer.
Repaying a small loan
You can repay a small loan as fast as over just three months or take up to two whole years. Borrowers can also choose weekly, monthly, or even fortnightly schedules to suit their income and set up a direct debit to ensure they never forget a payment.
Fixed $4,000 loan fees
Fees for cash loans are set in stone and based on the amount you borrow. The establishment fee is capped at a maximum of $400, and you’ll pay no more than 48% of the amount you borrowed over the span of your loan term in monthly fees. That all means the shorter the loan term, the less a cash loan costs.
Nothing to pay up front
There are no upfront costs associated with a small personal loan, so you’ll pay nothing until the end of the first week or month after you apply, depending on how you structure repayments. The setup fee gets divided equally across your repayments.
Zero early repayment fees
Cash loans are flexible. If you need or want to repay your loan early at any point during the term, there’s no penalty or fee for doing that. The same goes if you just want to make extra repayments along the way so that you can be free of your borrowing quicker.
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.
Apply and qualify for a $4,000 loan, plus what lenders check
Your borrowing
Lenders use your credit report primarily to check your current credit commitments and to make sure you’ve not had trouble paying a similar loan back in the past. Every small loan lender runs a credit check, but that doesn’t automatically disqualify you if you’ve got defaults or had issues in the past.
You can still apply for a $4,000 loan with bad credit because approval doesn’t depend on your overall score, like with most other forms of borrowing.
Regular Income
Lenders look at your payslips to ensure you have ongoing, regular income. That doesn’t necessarily need to all come from a job, and many small loan lenders will consider applications for small loans on Centrelink – but there are a couple of requirements with that. Firstly, many loan providers insist that you don’t get more than half your income from benefits.
If you do, however, some lenders will consider a loan as long as repayments take up no more than 20% of your benefit income.
Spending and affordability
Loan providers go back ninety days and check your bank statements for all your spending and expenses, as well as looking for evidence of other borrowing. You’ll need online banking to apply for a payday loan.
Lenders look at your bank statements using secure read-only access so they can quickly figure out if you can afford your loan without difficulty.
Residency and ID
On the main, borrowers need to be permanent residents or citizens to apply for a small personal loan – although some temporary visas do qualify, as long as your loan term ends at least a couple of months before your right to remain in Australia expires. Lenders will ask for a copy of your Medicare card or a citizenship certificate to verify residency status. You’ll also need to be eighteen or over and have a permanent address.
Loan providers use your identification and proof of address documents to confirm all that – and you’ll need to upload a passport or driving licence.
Faster funding
During your application, the lender will ask you to nominate a bank account, and as soon as your cash loan gets approved, they’ll send you a digital agreement to review. Check that carefully and then send it back so the loan provider can arrange to send funds directly to your bank – and you’re all set!
Find more answers in Savvy’s $4,000 loan FAQs section
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.
