Ever get confused by all the different names that different lenders give their cash loans? No problem, at Cash Converters, we're here to help clear things up - by making the whole process as simple as it possibly can be. 

What is a cash loan?

A cash loan generally involves borrowing a smaller amount of cash - and being given a shorter time to repay - compared to other loans. 

We offer three types of cash loan: 

Cash Advance loan

Cash Advance loans are short-term cash loan options that are usually for smaller amounts of cash compared to other loans. A Cash Converters Cash Advance loan usually:

  • ranges from as little as $50 to $2,000
  • has a default loan term of 4 – 6 weeks (though flexible loan terms may be available upon assessment) 
  • apply in-store only 

To apply for a Cash Advance loan, visit your nearest store

Personal loans

Personal Loans are loans that are larger amounts of money borrowed for personal use.

A Cash Converters Small Personal Loan usually:

  • starts from $400 goes up to $2,000
  • has a default loan term of 9 months (though flexible loan terms may be available upon assessment) 
  • apply online or instore

A Cash Converters Medium Personal Loan usually:

  • starts from $2,050 to $5,000*
  • has a default loan term of 9 months (though flexible loan terms may be available upon assessment) 
  • apply online or instore

Funds are in your account the next business day.

Who is Eligible?

Even if you have a less than perfect credit history, you may still be eligible for a loan.

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Everything you need to know about Cash Converters' loans.

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Cash Loans Online

With a fixed term and manageable repayments, what are you waiting for?

Apply Online Now

How do Cash Converters cash loans work?

Getting a Personal Loan from Cash Converters is quick and simple. 

You can apply online for a Personal Loan and your application is assessed by a person and not a computer. 

First, you tell us how much you'd like to borrow.

Next, we look closely at all the information you've provided to make sure the cash loan amount not only suits your requirements but your income and expenses too. 

Once approved, the cash is transferred directly to your nominated bank account. 

Alternatively, visit your nearest store to apply for a Cash Advance loan.

We are a responsible lender

At Cash Converters, we're here to help make sure your cash loan is right for you. That's why a person, and not a computer, will always assess your application. 

We'll take a close look at the information you provide us - including details of why you need the cash loan and how much you need to borrow, plus things like 90 days of bank statements, any existing credit card debt, and a careful assessment of your living expenses. 

We do all this to ensure your cash loan is suitable, affordable, and meets your specific needs. And as a responsible lender, won't lend you more than you can afford to repay. 

Fee Disclosures

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.