Bad Credit Unsecured Personal Loans with Fast Approvals Australia
Cover emergency expenses fast with a small loan through Savvy.
- Borrow up to $5,000
- Outcome in 60 seconds
- Flexible repayments
- 100% online
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Fact checked
Life can certainly be unpredictable when it comes to the expenses it throws at us. In many cases, sudden costs will require immediate or fast payment that many of us simply can’t afford to make. No matter whether you’ve struggled with credit in the past, you can look to a small loan to help you pay for those emergency expenses.
At Savvy, we’re partnered with a range of lenders who understand your situation and are willing to work with you. You can receive an instant cash boost within the hour and cover expenses up to $5,000. Get started with your application now and have your funds transferred before you know it.
The advantages of bad credit unsecured loans
Money in your account on the same day
Perhaps the most important feature of a small loan is the speed at which applications can be processed, with instant outcomes and same-day funds.
Get approved for $2,050 to $5,000
Loan amounts are flexible, too, with anything available from as little as $2,050 up to $5,000 to cover a wide variety of potential needs.
Use it how you like
Not only are they varied in size, but there’s essentially no limit to how you’re able to make use of your funds, such as for car rego, household appliances or even Christmas presents.
Flexible repayment options
You can choose the length of your loan from 16 days to two years and can even pay it off early at no extra cost.
Fixed, transparent fees
There won’t be any mystery about the fees you’ll pay on your loan: they’re all based on the size of your loan and are disclosed before you sign up.
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.
How to get a fast approval for your bad credit unsecured loan
Only apply for what you can afford
There’s little use in applying for an amount on terms that you can’t comfortably afford to repay. If your lender isn’t convinced that you’ll be able to do so, your application won’t be accepted. While your lender will come back in most cases and provide a counter-offer, this can delay the processing of your application slightly.
Earn a consistent income
Lenders always prefer borrowers who are holding down stable jobs with permanency and consistent income. In these situations, the borrower’s income is less likely to dry up during their loan term (compared to a casual employee, for instance). This also extends to borrowers who derive income through Centrelink, provided that the benefit they earn is accepted by their lender.
Pay off or minimise any existing debts
A lender will be less likely to grant greater sums of money if you have outstanding debts on your file, such as other small loans, that you’re still servicing. The presence of these debts could not only slash your borrowing capacity, but also reduce your chances of approval. This is why it’s always recommended to clear as many of your debts as you can prior to submitting your application.
Apply early in the day and week
It may seem a simple fix, but submitting your application early in the day and week gives you the best possible chance of having your application turned around quickly. Applying in the afternoon or evening, or closer to a weekend, puts you at a higher risk of dragging out your application overnight or by several days.
Prepare all of your documents
You should also ensure that you have the ability on your end to get your application ready as quickly as possible. This means gathering all the required documents that your lender has requested from you before commencing your application, which will generally include:
- Identity documents (such as your passport and/or driver’s licence),
- Proof of employment (your contract)
- 90 days of bank and/or income statements
- Centrelink income statements (where applicable)
- Internet banking details
- Any other forms they supply to you (such as application and consent forms)
Frequently asked questions
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.
