Check out the questions and answers below which go over the most common questions about our service, or head over to our how it works page where you can see how simple it really is to arrive at your cash loan with Cash Train. Although the online application takes just minutes, you might want to double check out how to qualify before you apply online today.
Any other questions, then send us a quick message from our contact us page or call us on 13 80 20 and we'll try to answer your query as quickly as possible.
If you’re looking for fast cash from the convenience of your own home or office get on board the Cash Train.
Here are just a few reasons for choosing Cash Train to meet your short term cash needs:
Payday loans are a short term solution for that unexpected gap in your cash flow.
If you need a small loan for only a few hundred dollars, a payday loan is a convenient way to borrow only what you need and pay it off quickly.
There are many reasons why a payday loan may help you – and you won’t be alone – 1,000s of Australians choose us as their payday lender every month.
Here are a few of the reasons our existing customers come to us:
And it’s not just to solve problems, more and more customers are coming back to take advantage of quick cash for other reasons, for example:
It’s also important to understand what a payday loan isn't.
Here are some examples of when a payday loan may – or may not – be right:
|Your Situation Needs||Get a Payday Loan?|
|$300 to Fix Your Car|
|$300 For a Weekend Away|
|$250 to Buy a Gift for a Special Occasion|
|$400 to Pay Off Your Electricity Bill|
|$250 Meal to Celebrate Your Anniversary|
|$3,000 for a Holiday|
|$9,000 to Buy a New Car|
If you’re over 18, in employment taking home at least $1,200 per month and an Australian resident, then you probably qualify for a fast payday loan with Cash Train.
As responsible short term lenders, we independently verify your employment and identity prior to completing your loan.
Cash Train offers loans to residents of all Australian States.
What if I have bad credit?
Don’t worry – we help 100s of people each day who may have some adverse credit history. We prioritise your current circumstances making sure that the payday loan is affordable, easy to repay and meets your needs.
Here is our quick check box to see if you qualify before you apply online:
|You Are||Can Cash Train Help?|
|Earn over $1,200 in a month|
|Paid Regulary - Weekly, Fortnightly or Monthly|
|Paid Into Your Bank Account|
|Need a Short Term Cash Loan|
|Wages Paid in Cash Only|
Our loan costs are the same for all states. We charge an establishment fee which is 20% of the loan amount you borrow plus a 4% monthly fee.
Repayments depend on your pay frequency – weekly paid customers make 4 payments, fortnightly customers 2 and monthly customers just 1, unless the first repayment is less than 16 days away, in which case it will be split into 2 payments. That means that you repay your short term advance within a month and are able to move on without the loan hanging around long after you need it.
Select your payday loan amount at the top of the application form and the instant calculator will tell you exactly what you'll repay based on a 30 day loan.
There are no hidden charges but, depending on your circumstances, the following fees may apply:
|Your Situation||Fee||Fail to Make Scheduled Repayment||$38.50|
|Go into Arrears||$50.00 Arrears Management Fee|
|Have a Collection Letter Sent Due to Your Failed Repayment||$10.00|
Once you've been approved for your payday loan, we will electronically transfer the money to your bank account on the same day. If you bank with one of the big four, the loan will normally be available on the same day – often within hours. Otherwise, the funds normally hit your account the following morning.
Quick cash advances from Cash Train are intended to make life easier. This doesn't stop when it comes to repaying the loan. We automatically set up a direct debit from your account on your payday.
As long as you make all your repayments on time, you can take advantage of your existing relationship with Cash Train and come back to us and apply for a further loan if you need short term cash in the future.
As you build a history with us, you may be able to borrow more depending on your need and the affordability of the loan.
Once you've repaid your first loan, we don’t need to do as many checks every time you want to take out a new payday loan. As responsible lenders, we do check if you have any change of circumstances or 90 days after your first loan.
Repeat customers can fast track their application using the Existing Customers application form