$5,000 Loan

Don’t let financial setbacks slow you down. Borrow up to $5,000 for any purpose and get up to two years to repay when you find a lender online.

$2100
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$500
$50,000


Paid in 60 mins if approved*

Qualifying for a $5,000 loan online is now faster, easier and quicker than it ever was. Apply via Savvy and target only the lenders with requirements and terms that match your own specific goals and finances.

Cash loans are built for speed. Lenders are almost exclusively based online, so they offer streamlined digital applications and fast approvals. Borrowers can do everything they need using any device like a smartphone, from filling out forms to uploading supporting documents and signing contracts.

It takes seconds to fill out our quick form, and it’s just as quick to connect with finance providers that suit your profile. Sign agreements and upload documents on the web – get approved in just sixty seconds, then get funds transferred straight to your bank account as quickly as the same day!

The benefits of $5,000 loans

  • Flexibility

    Cash loans don’t come with any extra fees for early repayment. That means if you decide for any reason to pay the loan off early, you’ll only owe the remaining balance of what you borrowed plus the remainder of the setup fee. You’ll save on any potential repayment fees for the rest of the term.

  • Get what you need

    You don’t have to borrow $5,000 with a small loan. You can get a loan for anything from $2,050 and repay over 16 days to 2 years. You can choose to pay using direct debits weekly, fortnightly, or monthly to match how you get paid.

  • Pay fixed fees

    Fees for small loans are straightforward and get based on what you borrow. You pay a $400 establishment fee and monthly fees each time you make a repayment, which are capped at 48% of your loan amount over the span of a year. With a $5,000 loan, you’ll pay $200 in ongoing fees each month.

  • Zero up front

    If you need money now in Australia, there are no upfront costs to worry about with a cash loan. The setup fee gets spread across your repayments during the term, so you don’t need to pay anything the day you apply. Your first small personal loan repayment is due a month, week, or fortnight after approval, depending on your repayment schedule.

  • Qualify easily

    Where other forms of lending rely a lot on your credit rating, loans for up to $5,000 are different. Your credit score isn’t a major factor, so you can qualify for this type of loan with a bad credit rating, when you’re unemployed, and you can even apply for a small loan on Centrelink. Many borrowers find that applying for a loan when self-employed is also a lot easier than trying to get one from a bank, for instance.

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.

Explained: Savvy’s guide to a fast $5,000 loan application

  1. Find the best $5,000 loan

    We just need a few basic details to match you with appropriate lenders and products. We’ll ask what you do, earn, and how much you need to borrow, then we’ll instantly select the ideal option from dozens of lender partners digitally. Many small personal loans are approved and funded on the same day.

  2. Have your documents ready

    Next up is documents. Lenders need ID (driver's licence or passport, or a similar government-issued document). To verify your income, you’ll need your last three months’ worth of payslips – and Centrelink income statements if you receive any benefits. Lenders also cross-check your income by looking at your bank statements from the same period.

  3. Fill out the form carefully

    Don’t rush through the process. The lender’s application form is pretty simple, and you can complete and submit that online too. Remember to read through each question carefully and supply all the information the lender needs to make a fast decision about your case.

  4. Stay contactable

    Once you’ve submitted your payday loan application, the lender may need to contact you to confirm inconclusive details or request additional information or documentation. Remember to keep your phone handy and an eye on your email for a few hours.

  5. Apply for a cash loan early

    Small loan applications are 24/7, meaning you can visit Savvy, connect with a lender online, and then apply for a small loan from anywhere at any time. Don’t forget, though, that lenders only approve loans and send funds during business hours. Applying early in the day gives your lender more time to assess and approve your application.

Small loans to suit your circumstances

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The answers to your commonly asked $5,000 loan questions

Will the lender need to contact my employer? 

In most cases, your documents and the information you supply will be enough to qualify for a small loan. Still, in some instances, lenders may make a discreet phone call to your place of work to verify your salary and employment history.

Do I need security for a cash loan? 

You don’t need to provide any security for a cash loan, so you can use one to pay for pretty much anything you need. Many Australians get a small loan for car repairs, borrow $5,000 for doctor’s bills, or even save money by consolidating existing debts with a cash 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. <strong>Warning:</strong> 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.

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