Online Money Lenders
Get access to funds quickly and easily with a cash loan through Savvy.
- Borrow up to $5,000
- Outcome in 60 seconds
- Flexible repayments
- 100% online
Fact checked
Fact checked
If you’re searching for fast and easy access to cash, you can find a small loan to suit your needs from one of Savvy’s reputable online money lenders. It can be difficult to get the loan faster when you need them through traditional lenders, so a small loan could prove to be the short-term stopgap that you’re looking for.
We can help you secure a small loan for whatever purpose you need on the same day you apply, with loans on offer from $2,050 all the way up to $5,000. Get your application started today, be instantly connected to your lender and see the funds hit your account as quickly as one hour.
Features and benefits of cash loan from our lenders
Money on the same day
Your application can be turned around rapidly from start to finish to ensure you receive your money on the same day you apply.
100% online application
Enjoy an easy and accessible application process via simple-to-use online portals from start to finish.
Borrow from $2,050 to $5,000
Complete our quick application in just a few minutes and we’ll connect you with a small loan lender fast.
Repay over 16 days to two years
You can take as long as two years to repay your loan to as little as 16 days.
24/7 applications
The beauty of an online process is that you can get your application started at all hours of the day and on weekends.
Free early repayments
You’re not locked into paying your loan to term and accruing more fees. You can save plenty of money by paying your loan off early.
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 Savvy connects you with your small loan lender
Start your application
Use the slider above, you can tell us the amount you’re looking for and why you need it, which will get your application underway. Your application will detail the nature of your employment and income, as well as providing contact details.
Instantly match with your lender
From submitting your application, you’ll instantly be matched with your lender thanks to our advanced website technology. From there, your lender will provide you with an instant outcome to let you know whether your initial application was successful. If it is, you’ll proceed with your application on their site.
Send your documents through
The next step is to submit all the required documentation. You’ll have to prove that all of the details you’ve indicated are true and accurate. These will include:
- Photo ID: passport, driver’s licence and/or other acceptable documentation
- Income: your last two payslips and bank statements spanning at least 90 days
- Your address: this can be verified using a recent phone or utility bill
- Your contact details: active phone number and email address
Have your funds transferred
Upon approval, you’ll receive a final loan agreement from your lender to sign electronically. After this has been sent off, they’ll transfer the funds directly into your account and you’ll be able to use them as you please.
How much will I pay for a small loan?
Our small cash loans lenders don’t charge any interest like larger personal loans do; instead, a fixed, capped set of fees are applied to each loan.
The first of these is the establishment fee, which is capped at $400, so you won’t have to pay more than that regardless of the size of your loan. The second fee to look out for is the monthly service fee. These are capped at 48% of the total loan amount over the space of a year. Ongoing monthly fees are worth considering when it comes to the length of your loan, as the longer it lasts, the more you’ll pay.
As such, you should consider the amount you’ll be paying on your small loan by comparing different timespans for the same amount. The below table depicts loans of $3,000, which come with establishment fees of $400 and monthly fees of $120.
| Loan term | Monthly cost | Total repaid | Total savings |
|---|---|---|---|
|
12 months |
$403.33 |
$4,840 |
N/A |
|
9 months |
$497.78 |
$4,480 |
$360 |
|
6 months |
$686.67 |
$4,120 |
$720 |
|
3 months |
$1,253.33 |
$3,760 |
$1,080 |
Your frequently asked cash loan questions
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.
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