Unsecured Loans, Fast Application - Apply Online Now

We’re here to help our customers make the right loan choice. There are many different and sometimes confusing loan names used by various lenders, so we’d like to help you by clearing up the confusion.

What is an unsecured loan?

When describing this loan, it’s easier to describe what a secured loan is first.

Basically, a secured loan is where the lender uses an asset of yours – such as a car, house or boat – as security. If you don’t pay back the loan, they have the right to take this asset.

This is why a secured loan generally offers slightly lower interest rates compared to unsecured loans as it offers the lender security that they’ll get their money back.

With unsecured loans, however, no asset is required. This makes it a higher risk to the lender.

At Cash Converters, we offer three types of unsecured cash loans – a Cash Advance, a Small Personal Loan and a Medium Personal loan.

What unsecured loans do Cash Converters offer?

With our Cash Advance loan (available in-store), you can borrow any amount from $100 to $2,000 with a default repayment term of 4 – 6 weeks (though flexible loan terms may be available upon assessment). 

With our Small Personal loan, you can borrow any amount from $400 to $2,000 and the repayment period is 2 to 12 months. 

With our unsecured Medium Personal loan, you can borrow any amount from $2,050 to $5,000* with a repayment period of 4 to 24 months.

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

Cash loans online icon

Cash Loans Online

With a fixed term and manageable repayments, what are you waiting for?

Apply Online Now
FAQ icon


Everything you need to know about Cash Converters' loans.

Learn More

How do Cash Converters unsecured loans work?

Getting an unsecured cash loan from Cash Converters is quick and simple.

You can apply online or go into store.

First, tell us how much you’d like to borrow.

Next, we look closely at the information you’ve provided to make sure the cash loan amount not only suits your requirements but your income and expenses too.

This includes details of why you need the unsecured cash loan, plus things like 90 days of bank statements, any existing credit card debt and a careful assessment of your living expenses. 

Once approved, the cash is transferred directly to your nominated bank account.

We are a responsible lender

At Cash Converters, we’re here to help make sure your loan is right for you.

That’s why a person, and not a computer, will always assess your application.

We’ll take a close look at the information you provide us and get back to you if we need any further information.  

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%.