Emergency Cash Loans with No Credit Check
For an emergency, are fast cash loans with no credit check really a possibility?
- Borrow up to $5,000
- Outcome in 60 seconds
- Flexible repayments
- 100% online
Fact checked
Fact checked
Life can throw us curveballs sometimes which we aren’t prepared for and our finances won’t always be able to cover us. If your credit rating isn’t looking its best, though, can you still get finance to help out in an emergency? A small cash loan might be one solution to the problem.
Can I get an emergency cash loan without a credit check?
No – in Australia, no reputable lender is going to offer a loan with no credit check whatsoever. No matter how lenient or understanding a lender might be, they’re not going to process your loan application without first reviewing your credit file; there’s always some level of checking to make sure that you can pay back a loan. Bad credit won’t stop you from getting emergency financing, though, especially if you’re only looking for a small cash loan. Many smaller online lenders may still be willing to help, meaning you may still have decent cash loan options on the table.
Savvy’s instant loan application process can connect you with one of our lenders at any time of day. Our five-minute application process is fast and simple and you can get lender approval within 60 seconds of clicking submit. Once you’ve sent through your supporting information, you can expect a final loan contract the same business day (often within one hour) and you can see your emergency funds hit your account on the same day – that's very quick cash!
What are my emergency finance options if I have poor credit?
You can still get a small cash loan even if you have a bad credit score. Poor credit isn’t the end of the world when it comes to getting a small cash loan. Although larger financial institutions and big banks are cautious when it comes to credit scores, that’s not the case for every lender. Many online lenders are far more tolerant of a low credit score – they're generally more concerned with the start of your finances right now than your credit history in the past.
At Savvy, we can connect you with lenders who are willing to help out when you’re doing it tough. They can arrange cash loans of up to $5,000 for people in a variety of situations and are willing to work with applicants with bad credit or those with alternative sources of income, like Centrelink. These lenders will usually specifically have a bad credit loan product, which is a kind of loan specifically for low credit ratings, but this may not be necessary if you only need a small amount to be repaid over a short period.
Why do I need a credit check on an emergency cash loan?
Your credit rating is intended to give a general measure of how reliable you are with money, but it also serves other purposes as well. Part of the reason for a credit check is simply a matter of verifying your identity and confirming some details about who you are. Also, when it comes to small cash loans, many lenders aren’t as worried about your credit score so much as your actual financial situation. As such, a credit check is also just a matter of confirming if you have any other existing debts or recent defaults. They want to know that you can pay off a loan, and having other loans and debts currently outstanding can affect that. A credit check is just part of the process, and it doesn’t automatically prevent you from getting very quick funds in an emergency situation.
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.
Common questions about getting an emergency cash loan
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.
