Need a small loan to tide you over? Savvy has you covered.
Fact checked
Fact checked
Cash loans allow borrowers access to funds for a variety of purposes, with the minimum of fuss. They’re a quick-to-arrange solution and repayments are extremely flexible, so they’re ideal for coping with unexpected events and costs, or even for taking advantage of sudden opportunities – like in impromptu weekend away, for example.
The good news is you absolutely can get funds easily and quickly with just a short online application with Savvy. Cash loan lenders offer a fast experience. Borrowing isn’t guaranteed, but it’s certainly quick and convenient.
No – there’s no such thing as guaranteed approval for payday loans in Australia. You’ll need to qualify and prove you can afford to repay your borrowing, no matter what. That doesn’t mean you can’t get access to fast, convenient short-term borrowing when you need it most, though. Online lenders offer a couple of distinct advantages for borrowers.
Firstly, they operate within strict responsible lending guidelines, so they can assess payday loan applications very quickly. While you won’t qualify if your loan isn’t affordable, it means that things are black and white. That allows lenders to automate many parts of the process and turn around decisions in minutes. Lenders check your credit report and bank statements to make sure you don’t have too much existing credit and also compare your income and spending to ensure you can afford to repay what you’ve applied to borrow without difficulty.
Secondly, payday lenders offer entirely digital application portals. That means you can fill out any online forms and upload ID and documentation via the web, further speeding up the process. When it comes to settling your loan, lenders transfer money directly to your bank account, so all-in-all, it’s a speedy process.
Whether you are successful will depend on meeting the lender’s qualification requirements, but you can guarantee you’ll have a quick application process by being careful with the application and providing everything the lender needs to make a decision.
To begin, you’ll just need to tell Savvy a little bit about yourself – like where you live, how you earn your income and what you spend – as well as what you need to borrow and why. We’ll then match your details with the best loan provider from our extensive partner panel, which increases your chance of a trouble-free application.
Once we’ve done that, we’ll put you straight in touch with the lender, and you can begin your application. Lenders will need a few basic documents as well as getting you to fill out a quick form on their end to ensure that you have the means to comfortably manage the loan that you’re applying for.
From there, your lender can approve your application and transfer funds within one business day, with many offering to turn these around within just an hour or two. If you’re looking to maximise the speed of your application, apply earlier in the day so that you’re given the best chance to receive your funds fast.
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.
You’ll need to be over 18, live permanently and legally in Australia, and have internet banking to apply for a payday loan. Once the lender approves your application, you can sign an agreement digitally, and your funds will typically get transferred either on the same or the next working day.
Lenders require ID in the form of a driving licence, passport, or other government-issued photo identification. That’s just to prove you are who you say you are. Proof of address can be in the form of a recent utility or phone bill.
Your Medicare card is used primarily to confirm your residency status. You’ll need your last few months’ worth of payslips to prove your income. If you want to apply for a payday loan when you receive Centrelink benefits, you’ll need to download your Centrelink Income Statement via your MyGov account.
The lender will also need read-only access to your bank statements, which you can provide via the web by entering your login details. The loan provider can only see your income and spending details, not your password, and the system is 100% secure.
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.
