Discover the ease of securing quick small loan funds through Savvy, a convenient alternative to loans like CashnGo.
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Fact checked
Loans like CashnGo have gained popularity as a convenient solution for Australians in need of quick funds. However, it's essential to consider alternative options. That’s where Savvy can help you out. We can guide you through the details of CashnGo and similar loan options, helping you compare them to the straightforward process of applying for a fast loan through us today!
CashnGo is a lender specialising in small loans, which are designed to provide fast and easy funds to borrowers who need cash quickly. Also known as payday or SACC loans, these come without any interest, instead having their cost based around fees. CashnGo offers loans up to $2,000, but the amount you’re able to borrow will also be determined by which lender you choose and factors such as your income, debts and repayment history.
These loans are designed to be approved and paid quickly, typically on the same day you apply and sometimes having funds released as soon as within the hour. Regarding the term lengths you can choose, these can also vary, but CashnGo allows you to take between 62 and 180 days to repay your loan.
For loans like CashnGo, the fees and interest charged will depend on the size of the loan you take out. All loans of $2,000 or less (which are what CashnGo offers) come with a one-off establishment fee of up to 20% of your loan amount and ongoing monthly fees of up to 4% of your loan. However, with loans of $2,001 to $5,000, your establishment fee is capped at $400 and your interest can be no more than 48% p.a.
It's crucial to understand what this means in terms of the cost of your loan. If you’re applying for a $500 loan and repaying it over four fortnights, you’ll pay a total of $140 in fees across your term. However, if you increase this to a $2,000 loan over 13 fortnights, your fees will increase to $880.
For a straightforward and convenient alternative to loans like CashnGo, you can explore the option of applying for a small loan through Savvy. Our platform connects you with reputable lenders offering rapid cash loans ranging from $2,050 to $5,000. The application process is hassle-free and online from start to finish.
You can expect an instant outcome in just 60 seconds upon submission. If conditionally approved, formal approval can follow swiftly, with funds potentially being released in as little as one hour, depending on your lender and bank's processing times. Start the process with us today and gain access to the funds you need without the unnecessary complications!
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.
Yes – it is entirely possible to obtain a small loan even if your credit history is less than ideal, as long as you fulfill the eligibility requirements outlined by the lender. Unlike conventional lenders that prioritise credit scores, those providing small cash loans generally take a more adaptable approach.
Yes – settling your small loan before the scheduled time is completely acceptable, and you won't face any penalties for early repayment. Opting for early repayment is a sound financial strategy, decreasing monthly fees and reducing the overall cost of the loan.
Upon receiving your small loan funds, you can use them for a variety of purposes, such as managing household expenses or addressing immediate financial needs. However, it's essential to be aware of specific usage restrictions, like refraining from repaying other small loans or participating in gambling activities.
The formal assessment, approval, and funding of your loan application can only take place during your lender's regular business hours. If your lender operates on Saturdays or Sundays, there's a chance you could receive your loan funds over the weekend. However, it's important to note that the actual arrival of funds is contingent on bank processing times. Therefore, even if your lender approves your application on the weekend, the funds may not be accessible immediately.
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.
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