Cash Advance loans
Our Cash Advance makes it possible for you to walk into a store and walk out with cash in your pocket. A Cash Advance is a small loan between $100 and $2,000 that’s paid back over a short amount of time – usually a 4 to 6 week period.
We only offer Cash Advance loans in-store, so you’ll need to pop by your local Cash Converters and have a chat with our friendly staff to see what’s possible for you.
Explore all of our online personal loans and in-store options, including pawnbroking loans, a small personal loan or medium personal loan.
Cash on the spot
Once approved, get cash in your hand straight away
Speak to a person
Applications are assessed in-store by our friendly staff
Straight forward
Our loans have fixed terms and manageable repayments
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How our Cash Advances work
1. Apply
Simply visit your local Cashies store and talk to our friendly staff.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, we can provide you with cash on the spot. -
What we need from you to make a Cash Advance possible
- Access to the latest 90 days of your bank account transaction history for the account your income is deposited into (you don't need to print these out, you just need to login to your internet banking when applying online or in-store)
- Identification details (like a Drivers licence)
- A current Income Statement if you receive a Centrelink payment
For more information view our Frequently Asked Questions. -
Who is eligible?
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 loan in-store.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, however your total repayments for all of your loans can't be more than 20% of your Centrelink income.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.*A small loan is a loan up to the value of $2,000 with a repayment period of 16 days to 1 year.
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Does a Cash Advance affect your credit?
No, taking out a Cash Advance does not affect your credit ranking or credit score.
Other ways we can help
Small Loan
Apply in-store or online for up
to $2,000 over a 2 to 12 month
term.
Sell to us
We pay instant cash for items of value that you no longer use like a guitar, computer, jewellery, smart phones, tool sets and more.
Pawnbroking
Simply bring an item of value to leave
with us as collateral for a secured, short-term loan.
Responsible Lending
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 to help you get on with your life.
Fee Disclosures
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 maximum term is generally 6 weeks, however is flexible at the discretion of the store.
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 borrowed over 1 year would equate to a total amount payable of $4,258 (including a $400 establishment fee). The maximum loan term is 24 months.
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%.
