At Cash Converters, we make it possible to deal with life’s unexpected expenses like car repairs, a vet bill or both because some months are just like that.
With our small personal loans, you can borrow up to $2,000 with manageable repayments over 2 to 12 months. You’ll also get the flexibility to choose if you want to pay weekly, fortnightly or monthly to help fit in with your life.
We approved over 264,000 cash loans for our Australian customers in 2023 alone.
We review every application, no matter your credit history, whether you think it’s good or bad. As a responsible lender, we take a close look at the information and documents you provide to ensure your cash loan is suitable and meets your specific needs and situation to help you get on with your life.
It’s easy to apply, simply visit the friendly team in-store or apply online. You can also give our friendly personal finance team a call, who will be happy to help with those trickier questions that are unique to your personal finance situation.
Learn more about all our loan options, including our medium personal loans, a cash advance or pawnbroking loans.
Or if you're ready to start, let's get going with your online application.
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Loan amountOur Small Personal loans range from $400 - $2,000 |
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Flexible loan termYou can pay a Small Personal Loan back in 2 - 12 months. Ask us about our flexible loan terms |
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Easy applicationYou can apply for a Small Personal Loan online or in-store. You could complete an online application in just 10 minutes |
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Funds disbursementOnce approved for a Small Personal Loan, funds will be transferred to your bank within 24 hours. Some banks can even receive the funds within 20 minutes after approval |
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Loan fees20% establishment fee and 4% flat monthly fee |
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Manage your loanManaging your small personal loan repayments is easy with our MyLoans app |
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Please see our Target Market Determination for more details.
1. Apply
It takes less than 10 minutes to apply for a small cash loan online using your computer, smartphone or tablet. You can also visit your local Cashies store to apply in person and chat to one of our friendly staff members.
2. Check and confirm
We’ll validate the information that you have submitted to make sure we’re lending you the right amount and it meets your needs.
3. Approval
If approved, the cash is transferred directly to your nominated bank account.
For more information view our Frequently Asked Questions.
1. I’m an Australian Resident
To apply for a Personal Loan, you need to be an Australian resident. Non-resident Australians can apply for a Cash Advance in-store.
2. I’m over the age of 18
To be eligible to apply for a Cash Loan, you must be over the age of 18 years old.
3. I’m not currently in bankruptcy or a Part 9 Debt Agreement
If you are currently in a Part 9 Debt Agreement or currently in bankruptcy 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 will assess your application on your current situation.
4. What if I'm receiving Centrelink payments?
If you are receiving Centrelink payments you could qualify for a Cash Converters loan.
5. I have taken out two small loans* in the last 90 days, can I still apply?
If you have had two or more small loans within a 90 day period, you may still be eligible to apply based on affordability and your individual financial circumstances.
6. What if I have existing small loans?
If you have existing small loans you could still qualify for a Cash Converters loan, however your total repayments for all your small loans can’t be more than 10% of your net income.
*A small loan is a loan up to the value of $2,000 with a repayment period of 16 days to 1 year.
Our small loans range from $400 up to $2,000 and are typically paid over 2 to 12 months.
Although a good credit score will improve your chances of approval, we understand that people go through rough patches in life. That’s why our loans make getting on with life possible in a lot of circumstances. Even if your credit score isn’t as high as you would like, we can still consider your application and assess it based on your current financial circumstances, as we consider a variety of factors when approving a cash loan application.
A SACC is a ‘Small Amount Credit Contract’, a government regulated product under the National Consumer Credit Protection Act (2009) and is defined as being a loan of no more than $2,000, set up to be repaid over a term of not less than 16 days and not more than a year. Our Small Loans fall under this category.
Wouldn’t it be nice to get a kickstart with those smaller bills? Take the pressure off by getting a cash loan with up to $2,000 to pay those smaller expenses. While you can use small cash loans to cover anything, many of our customers often look to borrowing cash for these reasons:
Walk into a store and walk out with up to $2,000 in your pocket. Simply make repayments over 4 to 20 weeks. Only available at participating stores. |
Apply in-store or online for
between $2,050 and $5,000*
over a 4 to 24 month term.
Get on living life with access to the pay you’ve already earned with PayAdvance. Apply for up to $150 today. |
Give us a call on 13 CASH (132 274).
Mon to Fri: 9:00am to 7:00pm AEST
Complete our online form and we'll get back to you shortly. Or, get in touch with your local store
Send us an email and we'll get back to you as soon as we can
We’re responsible lenders and we want to make sure our customers are at the heart of everything we do to help find the right cash solution to make life possible.
We'll take a close look at the information and documents 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, and meets your specific needs and situation to help you get on with your life.
If you have any questions about your application and how we assess, talk to one of our personal finance team members
*Deposit into bank account up to a maximum of $4,600, due to the establishment fee being financed on $5,000 loans.
Our Cash Advance Loans incur a 20% Establishment Fee and a 4% monthly fee, based on the amount borrowed. For example, a small loan of $100 over 4 weeks has fees and charges totalling $24 (1 x $20 + 1 x $4), resulting in a total repayment of $124. Cash Advance Loans are only available in-store with a minimum loan term of 4 weeks. The minimum term is 4 weeks and a maximum of 20 weeks.
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 48% per annum. For example, a medium loan of $3,000 repaid by monthly payments over 1 year would equate to a total amount payable of $4,348 (including a $400 establishment fee). The minimum loan term is 4 months and a maximum of 24 months.
Our Line of Credit product does not incur an establishment fee and interest is at 48% per annum. For example, a line of credit of $4,000 repaid by monthly payments over 3 years would equate to a total amount payable of $7,616. The maximum repayment term for a credit limit of up to $2,000 is 18 months; and the maximum repayment term for a credit limit over $2,000 is 36 months. This example has been calculated on a specified credit limit with the assumption that the debtor has drawn down the maximum amount of credit as agreed to under a contract.
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. An APR (Annual Percentage Rate) does not apply to our Cash Advance Loans or Small Personal Loans. The maximum APR on our Medium Personal Loan is 144.02% % and the maximum APR on our Line of Credit is 48%. These calculations do not account for potential additional fees and charges, such as default charges, which may be incurred.
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