Online Loans Instant Approval Australia
Apply for your cash loan today and get an instant outcome through Savvy.
- Borrow up to $5,000
- Outcome in 60 seconds
- Flexible repayments
- 100% online
Fact checked
Fact checked
Looking for online loans with instant approval in Australia? When you need funds in a hurry, it’s essential you have access to a fast, efficient method for applications – which is where instant cash loans come in handy. Find out more about your fast finance options and how to get instant approval with Savvy today.
Online loans are very versatile. You can customise the amount you borrow to any figure between just $2,050 up to $5,000. Repayments can be set to your budget by choosing a term between 16 days and two years. Borrowers even get to choose repayment frequency to match their income – with weekly, monthly, or fortnightly options available.
Borrow between $2,050 to $5,000
60 seconds instant outcomes
Repayment terms from 16 days up to maximum of two years
100% online - there is no messy paperwork
Fixed repayments throughout the loan term
Bad credit, Centrelink income is accepted
No hidden fees
Apply from your smartphone
Why apply for a small loan with Savvy?
Apply online, 24/7
No matter the time of day or week, you can complete your small loan application with us online.
Instant outcomes and same-day money
You can receive an outcome in 60 seconds and, if successful, have your money sent in just one hour.
Trusted lender panel
We're partnered with reputable Australian lenders to bring you greater peace of mind when applying for your small loan.
How much will I pay for an online loan with instant approval?
Regulators cap fees and set clear pricing structures when you apply for an online loan. For loan amounts between $2,050 to $5,000, monthly repayment fees are capped at 48% per year, while setup fees max out at $400.
You also don’t pay any money upfront with a cash loan. Your establishment fee is broken up into equal monthly instalments, and you pay your repayment fee each month too. The simplest way to look at online loans with instant approval is that the more you borrow and the longer the repayment period, the more they cost.
That’s the same for almost all loans, leases, credit cards, and other forms of borrowing. For example, a loan repaid over 12 months will cost you hundreds of dollars more than one paid out over six, as you’ll spend twice as long paying fees on top of your repayments.
How to speed up your cash loan application
Answer everything on the application form
Don’t forget that even if you’re in a hurry, it saves time in the long run when you read the form carefully and make sure to include appropriate detail. The more information you give the lender, the easier it is for them to make a quick decision.
If there’s anything on your bank statements that’s not crystal clear, use the opportunity to explain that.
Send all your documents
You can save and return to an online loan application at any time but remember that your application won’t be approved until you’ve supplied all the documents needed.
If you’re having trouble finding something, like a utility bill, for instance, contact the lender and they may allow you to supply an alternative.
Don’t apply for too many loans at once
Lenders adhere to strict Australian rules for loan affordability, so they won’t approve applications from borrowers with too much existing credit.
They’ll also refuse your application if you have more than one or two other cash loans on the go, so consider applying later or repaying one early if that’s the case.
Stay close to your phone
Once you’ve submitted your cash loan application, be sure to stay contactable by phone or email – ideally both.
That’s just in case the lender needs to confirm any details or requires extra information from you. The sooner you deal with that, the quicker the lender can approve your loan.
Read, sign, and return promptly
Once the lender does approve your loan, they’ll send you a contract by text or email. Remember to read that carefully, make sure you’re fine with the terms, sign it, and return the document as quickly as possible.
As soon as you do, the lender will arrange to transfer your funds.
Got more online loan questions? Find the answers here
Small loans to suit your circumstances
Helpful small loan guides
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.
