Cash Converters launches the flexible Cashies Loan to help those often overlooked
Published 6 November 2025
With over 300,000 personal loan applications submitted through Cash Converters in the past year by customers with limited access to traditional banking services, the Company has designed a flexible loan product to give consumers the confidence that Cashies will be there when they’re needed the most – providing access to credit for those who are often overlooked.
The Cashies Loan is a line of credit product designed for everyday Australians who need access to funds without fees, judgement, or complexity, with loan amounts ranging from $2,050 to $5,000. It was built for those who might not have a perfect credit history but still need help managing life’s expenses.
The approved amount becomes the customer’s credit limit that they can redraw against as they need. As customers repay the loan, they can choose to redraw from their available balance without having to reapply (subject to other conditions).
The product features:
- No establishment, monthly, or early repayment fees
- The option to redraw, giving customers control over how much they borrow and when they borrow it
- Quick and easy application and redraw process
- Easy management in the Cashies My Loans app
“We’re making credit more accessible and flexible for a part of the community that hasn’t before been well supported by the banks,” said Cash Converters Managing Director Sam Budiselik.
“We’ve designed this everyday product to meet people where they are in their financial journey, offering features that make sense, solving real life problems.
“We understand that life doesn’t always go to plan, and the Cashies Loan can support customers who may not have a perfect credit history but still deserve access to responsible credit options.”
The company has moved away from short-term, higher-cost lending (commonly known as ‘payday’ lending), announcing earlier this year that they will no longer offer a Small Amount Credit Contract (SACC) (from 25 September 2025) to offer suitable customers better, lower-cost product options. The Cashies Loan is another step in the company’s journey as a customer-centric organisation, providing responsible, simplified borrowing options.
As reported in H1 FY2025, the SACC loan book was less than 18% of the Cash Converters gross loan book, which was down from 32% in H1 FY2023. The end of the company’s SACC product is part of a strategic shift to a simpler customer-focused product range. For more information, visit the Cash Converters website.
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Data from 1 October 2024 – 30 September 2025 based on applicants with credit score below 600.