Our short-term loans are here to help, not hang around forever.

That's why we offer flexible terms and a range of short-term loans to suit your needs. 

Whether your looking for a quick solution or something a little longer, our Cash Advance and short term personal loans can make it possible.

Our short term loan options

Woman receiving a cash advance in-store

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.

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Man in-store applying for a small personal loan

Small Loan

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

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Medium Loan

Apply in-store or online for between
$2,050 and $5,000,* over a 4
to 24 month term.

Find out more

Short-term loans FAQs
  • How does a short-term loan work?

    At Cash Converters, we keep everything as uncomplicated as it possibly can be.

    Here's how our loan application process works:

    1. Apply

    After you decide how much you want to borrow and the length of time you’d like the loan for, simply apply online using your computer, smartphone or tablet. It’s that easy and takes less than 10 minutes.

    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.

  • What we need from you

    • 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 for a short-term loan?

    1. I’m an Australian Resident
    To apply for a short-term loan, you need to be an Australian resident. Non-residents can apply for a Cash Advance loan in-store.

    2. I’m over the age of 18
    To be eligible to apply for a short term 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.

  • What is a short-term loan?

    A short-term loan, are loans that typically have much shorter durations than standard bank loans.

    Our short-term cash loans range from 4 weeks to 24 months depending on the loans product you choose. We have two short-term loans products a Cash Advance and short-term Personal Loan.

  • What is a short-term Cash Advance?

    Cash Advances are short-term cash loans that are repaid over 4, 5 or 6 weeks.

    With Cash Advances you can borrow any amount from $100 to $2,000 in-store and walk out with instant cash. 

  • What is a short-term Personal Loan?

    Short-term Personal Loans are small loans that have a longer term than a Cash Advance.

    With a short-term Personal Loan, you can borrow $400-$5000* and it can be repaid over 2-24 months.

  • How much can I borrow with a short-term loan?

    Our short-term loan options range from $100 to $5000*.

    The exact amount depends on variables like:

    • The length of time you’d like to take to repay
    • Your exact needs
    • Your current income
    • Your other financial commitments

  • Which short-term loan is right for you?

    At Cash Converters, we take our lending responsibilities seriously.

    Do you want to talk to someone about your options? Visit your closest store and talk to one of our experienced staff member.

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

If you have any questions about your application and how we assess, talk to one of our personal finance team members

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%.