Our Cash Advance loans make it possible for you to apply in-store and once approved, walk out with cash on the spot. A Cash Advance is a small loan between $50 and $2,000 that’s paid back over a short amount of time – usually a 4 to 20 week period.
We approved over 264,000 cash loans for our Australian customers in 2023 alone.
We only offer Cash Advance loans at participating stores, so you’ll need to pop by your local Cash Converters or call our friendly personal finance team to find out what we can make possible for you.
Explore our other personal loans including a small personal loan or medium personal loan.
Loan amountOur Cash Advance loans range from $50 - $2,000 |
Flexible loan termYou can pay a Cash Advance loan back in 4 - 20 weeks |
Easy applicationYou can apply for a Cash Advance loan at participating stores only. Applications are assessed in-store by our friendly staff |
Funds disbursementOnce approved for a Cash Advance, you'll receive the loan funds as cash on the spot |
Loan fees20% establishment fee and 4% flat monthly fee |
Manage your loanManaging your Cash Advance repayments is easy with our MyLoans app |
Please see our Target Market Determination for more details.
1. Apply
Visit your nearest participating Cash Converters store and bring along supporting documentation and mention you are interested in a Cash Advance loan.
2. Check and confirm
We’ll validate the information you’ve submitted to make sure we’re lending you the right amount and it meets your needs.
3. Approval
If approved, you can receive on the spot cash.
4. Repayments
You can pay us back with manageable repayments until the loan term ends.
For more information view our Frequently Asked Questions.
Our Cash Advance loans range from $50 to $2,000 and are typically repaid over a short period around 4 - 20 weeks (though flexible loan terms may be available upon assessment).
As a responsible lender, we take a close look at the information and documents you provide to ensure your loan is suitable and meets your specific needs and situation to help you get on with your life.
1. Resident status
Australian residents and Non-residents can apply for a Cash Advance.
2. I’m over the age of 18
To be eligible to apply for a Cash Advance, 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.
No, taking out a Cash Advance does not affect your credit ranking or credit score.
A Cash Advance loan is an instant cash loan paid back over 4-20 weeks.
Sometimes Cash Advances are referred to as ‘pay day’ loans as they tend to cover an expense that cannot wait until your next pay day.
Sometimes everyone needs a little boost. That’s where we come in. By being able to leave our stores with cash straight in your wallet from $50 up to $2,000, you can quickly cover a wide range of unexpected and time sensitive expenses such as, but not limited to:
Apply in-store or online
for up to $2,000 over a
2 to 12 month term.
Get on living life with access to the pay you’ve already earned with PayAdvance. Apply for up to $150 today. |
We pay cash on the spot for items of value that you no longer use like a guitar, computer, jewellery, smart phones, tool sets and more. |
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
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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