Small Loans

At Cash Converters, we make it possible to deal with life’s unexpected expenses like car repairs, a vet bill or both because some months are just like that.

With our small personal loans, you can borrow up to $2,000 with manageable repayments over 2 to 12 months. You’ll also get the flexibility to choose if you want to pay weekly, fortnightly or monthly to help fit in with your life.

It’s easy to apply, simply visit the friendly team in-store or apply online.

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Fast payment times

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

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Easy application

10 minutes is all you need to apply with our fast online form

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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

Things you need to know
  • How it works

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

    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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Medium Loan

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

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

Fee Disclosures

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 an Annual Cost Rate of 48%. For example, a medium loan of $3,000 borrowed over 1 year would equate to a total amount payable of $4,303 (including a $400 establishment fee). The maximum loan term is 24 months for medium amount loans.

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. The maximum annual percentage rates on our loans is 217.95%.