Instant Cash Loans

Unexpected expenses can derail your finances in a heartbeat. Whether it’s car troubles, surprise medical bills or household needs, the simple fact is that the cash isn’t always money in your bank account when you need it. That’s where Savvy can help you.

You can apply for a hassle-free instant cash loan with us to help you bridge the gap. We’re partnered with a range of trusted lenders and offer a streamlined online application that takes minutes to complete. When you apply through us, you'll know your approval decision from one of our lenders in as little as 60 seconds.

Cash loans are designed to help you cover those urgent costs quickly and conveniently. Get the money you need quickly and easily, so you can get back on track with your finances.

What is a cash loan?

A cash loan is a type of fast, small loan that ranges from hundreds of dollars up to $5,000. They also come with short repayment terms, allowing you to take as long as 24 months or as little as 16 days for smaller amounts. When you’re approved for one of these loans, you’ll receive the lump sum upfront and repay it over your agreed term with fees and, for loans above $2,001, interest.

Instant cash loans are the quickest form of loan available, with the shortest application process, minimal documentation requirements and the shortest turnaround times for payment. Some lenders transfer funds within an hour, while others can do so as soon as the same day.

How instant is “instant” when it comes to cash loan approval?

With Savvy, your application can be assessed and an outcome can be provided in as little as 60 seconds from the time of submission. You’ll only need to enter your desired loan amount, what the loan is for, personal details and current income, which can be completed in just a few minutes!

From there, we’ll run your initial application past our marketplace of partners to match you with a suitable lender based on your profile. If your information passes their initial checks, you’ll receive a conditional approval in 60 seconds and, once you complete the remainder of your application with them, formal approval and funding as soon as within the hour or the same day.

What are the fees and charges for cash loans?

Fees and charges differ slightly depending on the amount borrowed. For amounts over $2,001 up to $5,000 the cost of instant loans is calculated via a $400 mandatory establishment fee and a monthly fee of up to 48% per year. For loan amounts $2,000 and under, there is a 20% establishment fee and a flat ongoing monthly fee of 4%.

However, the true cost will come down to factors like the size of the loan and the length of the term you choose. For instance, consider the following example:

Sarah’s dog swallowed something he shouldn’t have and now needs an emergency trip to the 24-hour veterinary clinic! The problem is, she doesn’t have pet insurance, nor enough available cash to cover the bill, and it’s going to be a steep one. What to do?

She considers her options and decides to apply online for a $4,000, 12-month cash loan with Savvy. She’s matched with a lender and has her application approved within an hour!

Sarah’s fortnightly repayments will be $215. Setting up direct debits ensures she never misses a payment and helps with budgeting. Over the course of the loan, she’ll repay a total of $5,626, which includes a $400 establishment fee and $1,167 in interest overall.

By taking advantage of a cash loan, she has helped her beloved four-legged friend and is able to pay off her vet bills at her own pace!