An instant cash loan gives you access to up to $5,000 fast, helping you cover urgent or unexpected expenses without the wait. Whether it’s for urgent car repairs, a surprise bill or moving house, applying with Savvy is quick and easy. Our streamlined process connects you with a trusted lender in minutes, so you can get the cash you need, when you need it.
Loans are unsecured and repaid in fixed instalments over a term ranging from 16 days to two years, depending on the loan. To apply, you’ll just need to meet a few simple criteria, like being over 18, living in Australia and earning a regular income.
How instant is “instant” when it comes to cash loan approval?
Cash loans are one of the fastest types of finance available, with short applications, minimal paperwork and rapid approval times.
When you apply through Savvy, we’ll connect you straightaway with lenders that can provide instant decisions in as little as 60 seconds. They’ll perform quick checks, verify your details and run a fast risk assessment, all within moments of applying.
Once approved, most lenders can transfer funds within the hour, meaning you could receive the money on the same day – sometimes within minutes of signing your loan agreement.
Does making multiple applications speed up the process?
No – in fact, making multiple small loan applications can work against you.
This is because every time you apply for a loan, it leaves a mark on your credit report, whether you're approved or not. Lenders can see this activity, and multiple applications in a short space of time can make you look high risk.
This could reduce your chances of being approved, not just for small loans, but also for other types of credit like car loans, personal loans or even a mortgage. It can also lower your credit score, which may make it harder to qualify for competitive offers in the future.
What could speed up my instant loan application?
Instead of applying multiple times, focus on making your first application count. The small loan process is already designed to be quick, but here are a few ways to help things move even faster:
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Ensure you’re eligible
Small loans have flexible criteria, but you’ll still need to meet a few basics. You must be 18 or over, an Australian citizen or permanent resident, have received regular income into your bank account for at least 90 days, and have an active mobile number or email address.
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Make sure your details are correct
Double-check your information before submitting as mistakes can cause delays or even result in rejection. It’s also important to be honest, as lenders will verify your details during assessment.
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Only apply for what you can afford
Choose a realistic loan amount based on your income. Applying for more than you’re likely to be approved for can slow things down or lead to rejection.
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Have your documentation ready
While you won’t need a lot of paperwork for a small loan, you’ll still need to provide a valid form of ID and recent bank statements or payslips so lenders can verify your income quickly.
How to navigate your instant loan application
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Meet the eligibility requirements
Before applying, make sure you meet the basic criteria relating to age, residency and income, which helps avoid delays or rejection later in the process.
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Apply online in minutes
Our secure online application form is quick and simple. Just share a few basic details, including your name, contact information, income and employment details, and why you’re applying for the loan. You'll then be instantly redirected to one of our trusted lender partners to finalise the process.
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Get an instant decision
Our partner lenders can provide a decision in minutes. In most cases, you’ll receive instant approval once your application is assessed.
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Receive your funds fast
As soon as you accept your loan contract, your funds are sent straight to your nominated bank account. With some lenders, the transfer is near-instant and funds can hit your account within 60 seconds.
