We understand that things can get a little confusing when it comes to short term loans. That's why at Cashies, we've made the process as simple as possible
5 minutes is all you need to apply for a personal loan. And if you're a returning customer, it's even more straightforward.
Our fast online loan approvals take the wait out of borrowing, with cash transferred straight into your bank account.
A fast and flexible loan featuring convenient repayment terms, so what are you waiting for?
Ever get confused about all the different names there are for short-term loans?
No problems... we explain them all here, in clear and easy terms.
To apply for a Personal Loan, you'll need to be an Australian resident.
We can help but there are some rules we have to follow. Your debt repayments can’t be more than 20% of your Centrelink income. For example, if you receive $700 per fortnight from Centrelink, your collective repayments on all short-term cash loans cannot exceed 20% of that amount, i.e. $140 per fortnight. That includes your loans with other lenders.
Though we don’t offer instant approval, we’ll only need to see your documentation once your application is accepted. The sooner we have all the documentation we need to determine if a loan is suitable, the quicker you will have a result. Depending on who you bank with, the loan funds are usually in your account within 24 hours of receiving a complete application.
Yes, you are still eligible to apply. Credit history only forms one part of the applications process and other information, such as employment and expenses, is also considered as part of the assessment.
It depends on who you bank with. Assuming we have all the supporting documentation we need to assess your loan suitability, the funds could be in your bank account within 24 hours after receiving a complete application for Personal Loans, depending on your bank.
If you are currently in a part 9 Debt Agreement, we are unable to process your loan application. However, if you have previously been in a part 9 Debt Agreement which has been successfully discharged, we'll assess your application on your current situation.
Our Small Personal Loans incur an Establishment Fee equalling 20% of the amount borrowed and a monthly fee of 4% of the amount borrowed. Our Medium Personal Loans incur and establishment fee of $400 and interest at an annual cost rate of 48%. For example, a small loan of $1000 over 9 months has fees and charges totalling $560 (1 x $200 + 9 x $40) therefore a total repayment of $1560. The maximum annual percentage rates on our loans is 162.5%. The minimum loan term is 4 months and a maximum of 12 months for small amount loans and 24 months for medium amount loans. Online applications have a default 9 month term. Our loans are repayable in weekly, fortnightly or monthly instalments. Loans can be settled early with no penalty and fees will only be charged whilst there is an outstanding balance on the loan, hence early settlement will reduce the amount payable on the loan.