Our Cashies Loan Interest Rates and Fees
Understand the costs and repayments of our Cashies Loan.
Understand the costs and repayments of our Cashies Loan.
Here’s a quick guide to our Cashies Loan fees and rates.
$2,050 - $10,000
Revolving term (no fixed maturity). Maximum repayment period of 36 months for each drawing.
19.95% - 48% per annum. Interest payable on amount(s) owing.
Funds transferred to your bank account within minutes*. Redraw available funds (minimum of $200) via My Loans app.
Weekly, Fortnightly, Monthly
We offer three interest rate tiers based on your recent repayments, income stability and overall financial habits:
Even if your credit isn’t perfect, you may still qualify for a Cashies Loan. Your credit score is only one part of the story.
Heads up: the rate we offer you might not match what you select. Your personalised rate will be determined by your actual credit history.
An interest rate is the cost of borrowing money. It’s usually shown as a percentage of the amount borrowed and is added to the amount you need to repay. Our Cashies Loan interest is charged at a fixed rate of either 19.95%, 35% or 48% per annum on the total outstanding balance. Interest is only charged on what you choose to use, not the full credit limit.
Instead of having a ‘one-size-fits-all’ approach to our interest rates, we now offer three different personalised rates. The rate offered to you will be determined by your actual credit history.
The fixed interest rate that we offer varies between 19.95%, 35% or 48% per annum, based on the applicant's individual credit rating. An interest rate of 48% p.a. is the maximum rate we can charge under the National Consumer Credit Protection Act (NCCP) and reflects the fact that we are often able to help customers that may otherwise not be able to access a loan from a traditional bank.
An establishment fee is a one-time, upfront charge from a lender to cover the costs of setting up a new loan. This fee can be a flat rate, a percentage of the loan amount, or a bit of both. It covers administrative tasks like processing the application, credit assessment, and preparing loan documents and is often added to the total loan amount.
Our Cashies Loan doesn’t have an establishment fee.
An early repayment fee is a penalty charged by a lender when a loan is paid off before the agreed end date. Early repayment fees are meant to compensate the lender for the lost interest they would have earned.
Our Cashies Loan doesn’t have any early repayment fees, giving you more flexibility to be in control of your finances.
Our Cashies Loan doesn’t have any monthly fees, but some lenders might charge one.
A monthly fee on a loan would usually cover the service and administration costs of maintaining your loan account. It’s not a payment towards the principal balance.
A dishonour fee, also known as a missed repayment fee or default fee, is a charge from a financial institution for a failed payment – most often due to insufficient funds in a bank account.
At Cash Converters, a dishonour fee of $33 is charged if you are unable to make a payment by the due date, or a direct debit is declined.
At Cash Converters there is a dishonour fee of $33 you’re unable to make a repayment by the due date or a direct debit is declined.
A repayment cycle, or repayment frequency, is the schedule for making regular payments on a loan such as monthly, fortnightly, or weekly.
At Cash Converters, each repayment includes a portion of the principal (the original loan amount) and the interest, which reduces the total amount owed over time.
Interest is charged daily on the outstanding loan balance but debited monthly. The more often you can repay a loan the less interest you’ll be charged overall and the sooner you will pay out your loan.
Everyone’s financial situation is different. Take a look at your income and how often you’re paid, as well as your weekly and monthly budgets.
As you already have a Cashies Loan, you cannot re-apply until your existing Cashies Loan has been repaid.
Our friendly Personal Finance team is based in Australia.
They’re here to help with your loan application, assessment, and the management of your loan.
Give us a call on 13 22 74
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.
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We’re committed to responsible lending. We’ll take a close look at the information and documents that you provide to make sure we help find the right cash solution for you and let you get on with your life.
*Money in minutes - your funds will be disbursed to your bank account in minutes via the fast payments system.
Subject to eligibility and lending criteria being met, personal circumstances being assessed and available credit.
See our TMD when deciding if this product is suitable for you.
We’re always here to help, if you need any further information, please give us a call on 13 22 74.
Our Cashies Loan does not have an establishment fee or any monthly fees. Fixed interest rate offered varies between 48%, 35% or 19.95% per annum, based on the applicant’s individual credit rating. Interest is charged on the total outstanding balance. The maximum repayment term for each drawing against the loan is 36 months.
For example: A Cashies Loan of $5,000 repaid monthly over 3 years with an interest rate of 35% p.a. would require total repayments of $8,143 ($5,000 principal and $3,143 interest). This example has been calculated on a specified credit limit with the assumption that the loan has been drawn to the maximum amount of credit at the start of the loan and all repayments have been made on time. The calculation shown does not account for potential additional fees and charges, such as default or enforcement charges, which may be incurred.
A dishonour fee of $33 is payable if a repayment is not made by the due date or a direct debit is declined.
Our loans are repayable in weekly, fortnightly or monthly instalments. Loans can be repaid early with no penalty and interest will only be charged on the outstanding balance of the loan. Early repayment will reduce the total interest payable on the loan. The maximum interest rate on our Cashies Loan is 48%. These calculations do not account for potential additional fees and charges, such as default charges, which may be incurred.
All loans are subject to lending criteria and suitability assessment.
Borrow up to $10,000 with no monthly or upfront fees.