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Medium Personal Loans

For those unexpected surprises, our medium amount personal loan covers any amount between $2,050 up to $5,000* with a maximum term of 24 months.

Whether you apply in-store or online, our team will assess whether this loan is right for you based on the information you provide, like the reason for the loan and your most recent bank statement.  

With flexible terms and manageable repayments, our personal loans can help you make the things you need possible.

Learn more about all our loan options, including small personal loans, a cash advance or pawnbroking loans,call our friendly personal finance team to find out what we can make possible for you.

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Easy to manage

Our loans have fixed terms and manageable repayments

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Fast payment times

Once approved, you could receive the money in your account within 20 minutes

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Take charge with My Loans

Keep track of your loan, make payments, apply for a new loan and more, 24/7 with My Loans

Medium Personal Loan FAQs
  • How do Medium Personal Loans work?

    1. Apply
    It takes less than 10 minutes to apply for a 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 valiate 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.

  • What we need from you for a Medium Loan?

    • 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.

  • How do I apply for a Medium Personal Loan?

    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.

  • How much can I borrow with a Medium Loan?

    Our medium personal loans cover any amount between $2,050 up to $5,000* paid back over a maximum term of 24 months.

    *Deposit into bank account up to a maximum of $4,600, due to the establishment fee being financed with a $5,000 loan.

  • Who is eligible for a Medium Personal Loan?

    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 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, 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.

Other ways we can help

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Cash Advance

Walk into a store and walk out with up to $2,000 in your pocket. Simply make repayments over 4 to 6 weeks.

Find out more

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Small Loan

Apply in-store or online for up
to $2,000 over a 2 to 12 month
term.

Find out more

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My Loans

Keep track of your loan,
make payments, apply for a
new loan and more, 24/7 with My Loans.

Find out more

 

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.

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 with a $5,000 loan.

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 on average 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%.