Apply for a fast cash loan through Savvy today as a quick and easy alternative to apps like Beforepay.
Fact checked
Fact checked
Fast money apps and lenders like Beforepay have become a popular way for Australians around the country to access the funds they need quickly and easily. However, it’s important to understand what your other options are when it comes to cash loans, which is where Savvy can help you out. Find out more about Beforepay and other apps like it and how they stack up against applying for a fast loan through us today!
Beforepay is an app designed to offer pay advances (also known as pay on demand) for individuals using it. How this works is that you’ll essentially be able to access a portion of the money you will have earned at your job before your payday. In Beforepay’s case, this is up to $2,000, but the portion of your pay which will be accessible early will depend on the app or lender you choose and the amount you earn, as well as factors specific to your profile like your debt and borrowing history.
Once you apply for your loan, you can be approved promptly and receive the cash directly in your account. The amount you borrow is subsequently debited from your next payslip or payslips, with extra service fees charged to enable you to do so.
When it comes to apps like Beforepay, the fee structure is quite simple. As mentioned, there is no interest charged, nor are there ongoing fees for using the service. Instead, there’s a single fee of 5% of your loan amount charged every time you borrow, which is due on your next payday.
It’s important to keep this in mind when applying for your loan and comparing your options. For example, if you’re looking to borrow $100, this would be a $5 fee. However, borrowing at the maximum of $2,000 would result in a $100 fee.
One of the simplest and easiest alternatives to apps like Beforepay is applying for a small loan through Savvy. We’re partnered with trusted lenders from around Australia to bring you fast cash loans when you need them, ranging from $2,050 to $5,000.
Once you complete our simple online application process, you can receive an instant outcome in just 60 seconds and, if conditionally approved, you can receive formal approval and have the funds sent to you in as little as one hour (though the time it takes to reach your account will depend on your lender and bank’s processing times). You can get the process started with us today and access the funds you need before you know it!
No matter the time of day or week, you can complete your small loan application with us online.
You can receive an outcome in 60 seconds and, if successful, have your money sent in just one hour.
We're partnered with reputable Australian lenders to bring you greater peace of mind when applying for your small 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.
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.
