Quick Loans

Need cash fast? Get a loan approved in minutes with Savvy

$2100
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$500
$50,000


Paid in 60 mins if approved*

Quick loans for when the unforeseen happens

We can plan all we like but life sometimes get in the way. We or a loved one may hurt themselves and need medical care; our car breaks down and needs urgent and costly repair; or we need to be by a loved one’s side right away. Coming up with a lot of cash fast can be difficult, but Savvy is here to help. Quick loans help everyday Australians get $2,050 to $5,000 – approved and transferred to your account on the same day, pending approval. You can save time compared with waiting for personal loans and money compared with some credit card cash advances.

Quick loans from $2,050 to $5,000 approved today

Whether you have bills and expenses to pay or you just need cash for a short family holiday, quick loans can get you cash in a hurry. Learn more about how fast and easy a quick cash loan can be.

What's the best way to get quick loans in Australia?

If you’re looking for a quick loan to give you a fast injection of cash, your best option is an instant loan from one of Australia’s online lenders. Using fast internet services, online lenders can process your application with a fraction of the time that a more traditional financial institution could.

Savvy is an excellent example of this. Savvy’s instant loan service connects you to a lender and you can have approval for a loan up to $5,000 within 60 seconds of turning on your computer with cash hitting your account on the very same day.

How do quick loans work?

Applying for an instant loan through Savvy is a quick and easy process. Our online application form can be completed in five minutes, and once you’ve clicked submit, your application will be processed and sent to one of our suite of top lenders within seconds. They’ll then be assessed using fast online financial services and approved within 60 seconds.

Then, once you’ve provided some supporting documentation (which can be sent through electronically), your information will be reviewed by the lender to confirm the details. If everything is in order, you’ll receive confirmation documents (including a final contract) within the same day, and often within one hour.

Once you’ve reviewed the lender’s documents and officially signed off on them, your loan will be finalised and you can expect to see the money in your account on the same day.

What do I need to get a quick loan?

It’s important that you’re able to make your repayments, so you’ll need to make sure you’ve got enough income to comfortably pay off the loan. How much income you need will vary depending on the lender’s criteria, the size of the loan and how quickly you’re hoping to pay it off.

You’ll also need supporting documents to be able to confirm the details of your application. You’ll normally need:

  • Identification – you'll need at least 100 points of ID to verify your identity, which you’ll need to send electronically, so access to a scanner or a decent camera will be necessary here.
  • Payslips or proof of income – you'll need to be able to confirm you have a stable, reliable income, which will require payslips. If you don’t work in a job which issues payslips (such as if you’re self-employed), you’ll need an alternative way to show your income – such as details of invoices paid to you, or other financial records .
  • Bank statements – Your lender will need to see your finances to confirm income and make sure you don’t have any debts or big expenses they’re not aware of. Fortunately, most banks have easy options on their websites for getting those statements electronically.

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.

Eligibility for a quick cash loan​

  • Current income

    You’ll need to have earned an income for at least 90 days prior to making the loan application, and you’ll need to be able to show evidence of that. The figure will vary depending on your expenses, the lender, and the loan amount, so there’s no hard and fast rule about exactly what that income needs to be – just so long as it’s consistent.

  • Age

    You’ll need to be at least 18 years of age to be able to apply for a loan of any sort – lenders can’t legally offer a loan to a minor.

  • Residential status

    To be eligible for a loan, you’ll need to either be a full Australian citizen or a permanent resident of Australia.

  • Contact details

    You’ll need to have some way for the lender to be able to communicate with you, which generally means either an email address or an active mobile number. If, for whatever reason, you have neither of those things, it’s not hard to sort out a free email address if you have internet access.

  • Cash deposited instantly

    Get your cash deposited into your account within minutes using Osko or PayID.

Small loans to suit your circumstances

Apply now

Frequently asked questions about quick loans​

What sort of things can I use a quick loan for?

One of the big advantages of a quick cash loan is that they can be used for almost anything you wish. Emergency household repairs, replacing whitegoods, upgrading your television, paying bills, maintaining the car, or even taking a short family holiday are all eligible uses for funds from a quick loan.

Can I get a quick cash loan outside of business hours?

You can get approval for a quick loan at any time of the day or night. Savvy’s online application process is available 24/7 and can connect you with a lender that can provide instant loan approval at any time. Your credentials still need to be verified before the loan can be finalised and the money transferred, but knowing you have the money already approved means you can rest easy knowing those funds will be there to use.

Will a bad credit score stop me getting a quick loan?

All lenders run credit checks, but online lenders are normally more interested in the current state of your finances than your previous history. The lenders available through Savvy are keen to work with your situation and a less-than-ideal credit score isn’t as much of a problem as you might expect.

Do other lenders charge different rates for quick loans?

Small cash loans under $5000 aren’t charged interest, and the fees are capped by the government. Loans from $2,050 to $5,000 can’t be charged more than 48% of the loan each year. As such, you’re not likely to find any difference between lenders when it comes to small loan fees.

How long do I have to repay a quick cash loan?

Normally between three and 24 months, depending on the lender. Savvy can connect you with lenders who are willing to work with your situation and set up a repayment schedule that works for your finances.

Can I still get a quick loan if my only income is from Centrelink?

Most smaller lenders are more interested in how reliable your income is than in how it gets paid to you – provided you can show evidence of that. As long as you earn enough to make your repayments (while still paying your bills), and your income is reasonably consistent, you’ve generally still got options for a quick loan. Savvy can connect you with lenders who can work with Centrelink benefits and other forms of income, and who love helping people get back on their feet!

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. <strong>Warning:</strong> 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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