We’re here to help customers make the right loan choice. There are many different and sometimes confusing loan names used by different lenders, so we’d like to help you by clearing up the confusion.

What is a Personal Loan?

Personal loans are generally larger loans that are paid back over a longer period than our shorter term, small amount Cash Advance loan.

How much can I borrow?

With a Cash Converters small personal loan, you can borrow anything from $400 to $2,000. With a Cash Converters medium personal loan, you can borrow from $2,050 up to $5,000*.

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?

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What is the repayment period for a Personal Loan?

Our Personal Loan’s default repayment term is 9 months (though flexible loan terms may be available upon assessment). 

How do I apply for a Personal Loan?

You can apply for a personal loan easily online, and your application will be assessed by a person and not a computer.

As a responsible lender, we'll take a close look at the information you provide us. This is to make sure that the personal loan meets your needs and that we won't lend you more than you can afford to repay. 

How long does it take?

It only takes around five minutes to apply for our Personal Loans.

Applications are generally processed the same day they're submitted but can take up to 48 hours to process. As soon as your Personal Loan application is approved – and as soon as you have signed your electronic loan contract – we'll put the cash in your bank account by the next business day. 

So what are you waiting for? Apply for your personal loan right here, right now:

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.