Looking for a quick cash loan? Apply with Savvy today.
Fact checked
Fact checked
Getting knocked back for a loan may be disheartening, but it doesn’t close off all your finance options. While lenders won’t approve you with no questions asked, Savvy may be able to help you get the urgent loan approval you need.
We partner with leading flexible lenders to take the fuss and headaches out of applying for a loan. Start the application process with Savvy today and get another shot at payday loan approval.
Responsible lenders won’t approve quick loans with no questions asked. However, it’s important to note that direct lenders make the cash loan approval process faster and easier than with other types of traditional finance, so you won’t need to look for loans specifically with ‘no questions asked’. They’ll consider applicants who have struggled with approval in the past due to bad credit or inconsistent income, as your credit score isn’t particularly important on these types of loans. The most important factor to show is that applicants can manage the repayments on the loan they’re applying for.
Licenced payday lenders are bound by responsible lending obligations and must take steps to ensure borrowers can afford any loan they apply for. Part of this involves running a simple credit check, which focuses on your wider credit history rather than solely your score. This allows a lender to get a complete picture of your borrowing history by showing them your active loans, defaults and payment history on similar loans. They’ll also assess your income, expenses and wider spending habits to assess your borrowing power.
The standard payday loan eligibility requirements apply if you want a quick loan. These include meeting the following criteria:
In most cases, it’s possible to get approval and have your loan funds paid out as soon as the same day you apply. Our completely online application process allows us to fast-track loan decisions from our lenders so you aren’t waiting for hours on end for an initial outcome on your application.
You’ll receive an instant outcome once you submit your loan application and, if successful, you can potentially be offered formal loan approval very soon after. However, these timeframes will depend on your application and financial circumstances. In some cases, lenders will request further information to complete your application, but this doesn’t generally hold up the process too much.
Once your documents are signed and returned, your lender will release your funds. You should typically get your funds within the same day, although this will depend on when you apply. Most online lenders will let you apply for a payday loan 24/7, but approvals and payouts will only be given during business hours. If you apply earlier, you’ll run less of a risk that your application will drag into the next day or a weekend. Additionally, your bank may simply take longer to process the transfer, which could delay the speed at which you receive it in your account.
You don’t need to supply any physical bank statements or paperwork when you apply through Savvy. From application to approval, our processes are completely online which allows you to get rapid responses when you apply.
It’s important to remember that lenders will request you submit some documents. However, payday lenders require fewer documents from potential borrowers compared to mortgages or personal loans.
Lenders will request digital copies of your identification documents. These can be securely uploaded to a safe online portal. These documents will most commonly include a combination of two or more of the following:
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.
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.
