An emergency cash loan is no hassle with Savvy.
Fact checked
Fact checked
Keeping on top of your bills can be even more hassle when you’re out of work and looking for a job. If unexpected costs arise, though, being unemployed shouldn’t stand in the way of you getting an emergency cash loan to cover some costs.
Fortunately, applying for your cash loan with Savvy is fast and simple. By partnering with reputable Australian lenders, we can help you get approved and funded as soon as the same day you apply. Start giving your budget some breathing space and apply with Savvy today.
Yes – you can get instant approval on emergency finance as long as you’re earning some form of steady income which can be made up of a mix of fixed government benefits and wages. For example, if you're unemployed and need a loan for Christmas, you can apply for one. Many fixed Centrelink benefits can be counted as sources of income when you apply for a loan, including:
Bridging Centrelink benefits, such as JobSeeker and Youth Allowance, for those temporarily out of work can’t be counted towards your fast cash loan. These are temporary measures meant to support you while you’re studying or transitioning out of unemployment. Investment revenue and superannuation payments are other forms of income that can be counted towards your loan application.
In terms of what you can borrow, you can apply for between $2,050 and $5,000, but how much you’re approved for will come down to your income, expenses, spending and current liabilities. Lenders will check your payment history on other cash loans as part of a credit check, which can also impact how much you can borrow.
You’ll have to meet some standard eligibility requirements to qualify for an urgent cash loan, for which you can apply online with Savvy. To be eligible for a cash loan, you must meet the following requirements:
Once you’ve checked that you meet all the criteria, you can go ahead and apply for your fast and convenient online cash loan with Savvy. After choosing your small loan amount and telling us why you need it, you’ll be asked to provide the following details to receive an outcome immediately:
Once you submit this initial application, you’ll receive an instant outcome from a direct money lender. The lender will then go about verifying the information you’ve provided during the initial application. This includes running a check of your borrowing history and requesting a read-only copy of your bank statements. If they’re satisfied with your application, you can receive formal approval soon after.
Your cash loan can be paid out with no hassle and hit your account as soon as the same day you apply. This will depend on several factors, including your application and personal circumstances.
After being formally approved, lenders will send you a digital loan contract to sign so your payday cash loan funds can be released to a nominated bank account. While your money should hit your account on the same day you apply, there are some factors which can impact this. These include your bank’s transfer times, the time you apply and whether your lender needs additional information.
The earlier you apply in the day and week, the less likely your application is to run into the next day or week. For instance, a Monday morning application is better than a Friday evening one in terms of having your application formally processed. It’s also a good idea to have your documents saved on your computer or smartphone so they can be readily uploaded and speed up receiving your funds.
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.
