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 loans: 

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 $100 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

Small Personal Loans

A Cash Converters Small Personal Loan usually:

  • starts from $400 and goes up to $2,000
  • has a loan term of 2 to 12 months
  • apply online or instore

Funds may be in your account in as little as 20 minutes after approval.

Medium Personal Loans

A Cash Converters Medium Personal Loan usually:

  • starts from $2,050 to $5,000*
  • has a loan term of 4 to 24 months
  • apply online or instore

Funds may be in your account in as little as 20 minutes after approval.

*Deposit into bank account up to a maximum of $4,600, due to the establishment fee being financed under MACC loan.

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Cash Loans Online

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

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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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We are a responsible lender

At Cash Converters, we're here to help make sure your cash loan is right for you.

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 a 20% Establishment Fee and a 4% monthly fee, based on the amount borrowed. For example, a small loan of $1,000 over 9 months has fees and charges totalling $560 (1 x $200 + 9 x $40), resulting in a total repayment of $1,560. The minimum loan term is 2 months and a maximum of 12 months.

Our Medium Personal Loans incur a $400 establishment fee and interest at an Annual Cost Rate of 48%. For example, a medium loan of $3,000 borrowed over 1 year would equate to a total amount payable of $4,303 (including a $400 establishment fee). The maximum loan term is 24 months for medium amount loans.

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. Loans are subject to assessment criteria and suitability. The maximum annual percentage rates on our loans is 217.95%.