Quick Loans
Need cash fast? Get a loan approved in minutes with Savvy.
- Borrow up to $5,000
- Outcome in 60 seconds
- Flexible repayments
- 100% online
Fact checked
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Quick loans for when the unforeseen happens
We can plan all we like but life sometimes get in the way. We or a loved one may hurt themselves and need medical care; our car breaks down and needs urgent and costly repair; or we need to be by a loved one’s side right away. Coming up with a lot of cash fast can be difficult, but Savvy is here to help. Quick loans help everyday Australians get $2,050 to $5,000 – approved and transferred to your account on the same day, pending approval. You can save time compared with waiting for personal loans and money compared with some credit card cash advances.
No waiting, instantly paid quick loans
When you need an answer urgently, Savvy is your partner in turning around loans quick. You can apply for a quick loan using our online application platform – it’s easy and secure. You’ll get a result within 60 minutes or less. Do you use Osko or PayID? You’ll get paid into your bank account near instantly. Don’t worry about bad credit – we work with Australia’s top lenders and banks to get approval for people with bad credit. We provide all our fees and charges up front so you can make an informed decision.
Quick loans from $2,050 to $5,000 approved today
Whether you have bills and expenses to pay or you just need cash for a short family holiday, quick loans can get you cash in a hurry. Learn more about how fast and easy a quick cash loan can be.
What's the best way to get quick loans in Australia?
If you’re looking for a quick loan to give you a fast injection of cash, your best option is an instant loan from one of Australia’s online lenders. Using fast internet services, online lenders can process your application with a fraction of the time that a more traditional financial institution could.
Savvy is an excellent example of this. Savvy’s instant loan service connects you to a lender and you can have approval for a loan up to $5,000 within 60 seconds of turning on your computer with cash hitting your account on the very same day.
How do quick loans work?
Applying for an instant loan through Savvy is a quick and easy process. Our online application form can be completed in five minutes, and once you’ve clicked submit, your application will be processed and sent to one of our suite of top lenders within seconds. They’ll then be assessed using fast online financial services and approved within 60 seconds.
Then, once you’ve provided some supporting documentation (which can be sent through electronically), your information will be reviewed by the lender to confirm the details. If everything is in order, you’ll receive confirmation documents (including a final contract) within the same day, and often within one hour.
Once you’ve reviewed the lender’s documents and officially signed off on them, your loan will be finalised and you can expect to see the money in your account on the same day.
What do I need to get a quick loan?
There are a few things you’ll need to have in order to get a quick loan online. Obviously, it’s important that you’re able to make your repayments, so you’ll need to make sure you’ve got enough income to comfortably pay off the loan. How much income you need will vary depending on the lender’s criteria, the size of the loan and how quickly you’re hoping to pay it off.
You’ll also need supporting documents to be able to confirm the details of your application. You’ll normally need:
- Identification – you'll need at least 100 points of ID to verify your identity, which you’ll need to send electronically, so access to a scanner or a decent camera will be necessary here.
- Payslips or proof of income – you'll need to be able to confirm you have a stable, reliable income, which will require payslips. If you don’t work in a job which issues payslips (such as if you’re self-employed), you’ll need an alternative way to show your income – such as details of invoices paid to you, or other financial records .
- Bank statements – Your lender will need to see your finances to confirm income and make sure you don’t have any debts or big expenses they’re not aware of. Fortunately, most banks have easy options on their websites for getting those statements electronically.
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.
Eligibility for a quick cash loan
Current income
You’ll need to have earned an income for at least 90 days prior to making the loan application, and you’ll need to be able to show evidence of that. The figure will vary depending on your expenses, the lender, and the loan amount, so there’s no hard and fast rule about exactly what that income needs to be – just so long as it’s consistent.
Age
You’ll need to be at least 18 years of age to be able to apply for a loan of any sort – lenders can’t legally offer a loan to a minor.
Residential status
To be eligible for a loan, you’ll need to either be a full Australian citizen or a permanent resident of Australia.
Contact details
You’ll need to have some way for the lender to be able to communicate with you, which generally means either an email address or an active mobile number. If, for whatever reason, you have neither of those things, it’s not hard to sort out a free email address if you have internet access.
Cash deposited instantly
Get your cash deposited into your account within minutes using Osko or PayID.
Frequently asked questions about quick loans
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.
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