Cash Train FAQs - Answering Your Fast Cash Needs

Cash Train Has Got The Answers to Your Financial Emergencies

Checking FAQ'sCheck out the questions and answers below which go over the most common questions about our service, and 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 drop into your nearest Branch for assistance.

Any other questions, then send us a quick message from our contact us page or call us on 08 9420 1480 and we'll try to answer your query as quickly as possible.

Why Cash Train?

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:

What Can Cash Train Loans Be Used For?

Our loans are a short term solution for that unexpected gap in your cash flow.
Whether you need a small or medium size loan, a fast cash loan is a convenient way to borrow only what you need and pay it off quickly.
There are many reasons why a fast cash loan may help you - and you won't be alone - 1,000s of Australians choose us as their cash 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 too

It's also important to understand what a Cash Train loan isn't.

Here are some examples of when a Cash Train loan may - or may not - be right:

Your Situation Needs Get a Cash Train Loan?
$800 to Fix Your Car Yes
$500 For a Weekend Away Yes
$250 to Buy a Gift for a Special Occasion Yes
$400 to Pay Off an Outstanding Bill Yes
$250 Meal to Celebrate Your Anniversary Yes
$3,000 for a Home renovation Yes
$9,000 to Buy a New Car Yes

Who Qualifies?

By providing responsible assistance and financial inclusion for those in need, we remain committed to providing help to alleviate some of those unexpected expenses when they arise.

If you're over 18 and an Australian resident, then you can apply for a fast cash loan with Cash Train.

As responsible short term lenders, we independently verify your income and identity prior to completing your loan.

Cash Train offers loans to Australians who may otherwise be excluded from obtaining credit.

What if I have bad credit?

Cash Loan
$50 - $2,000 Personal Loan
$2,001 - $10,000

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 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?
Over 18 Yes
Employed Yes
Self Employed or On Benefits Yes
Paid Into Your Bank Account Yes
Need a Short Term Cash Loan Yes
An Australian Resident Yes
Need personal loan Yes

Getting Your Cash

Once you've been approved for your loan, we will electronically transfer the money to your bank account on the same day. If you bank with one of the big four, your cash will normally be available on the same day* - often within hours. Otherwise, the funds normally be available in your account the following morning. Alternatively you can collect cash in hand from your local branch.^

* Usually when your loan has been approved before 2pm EST.

^Subject to cash availability.

Repaying Your Loan

Quick loans online from Cash Train are intended to make life easier.

We automatically set up a direct debit from your account on your payday, until the loan has been repaid.

Repeat Borrowing

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 cash 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 in our Members Area, using the .

Example Loan Costs

Borrow Costs Repay
$500 $160 $660
$1,000 $320 $1,320
$1,500 $480 $1,980
$2,000 $640 $2,640
EXAMPLE: A loan of $1,000 for 3 months has fees and charges totalling $320, Maximum APR of 70.65% and total repayments of $1320. The minimum loan term is 3 month and Maximum loan term is 12 months. The Maximum APR is 70.65%. The Comparison Rate, based on a loan of $1,000 over 6 months, is 138.37%.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Borrow Costs Repay
$500 $220 $720
$1,000 $440 $1,440
$1,500 $660 $2,160
$2,000 $880 $2,880
EXAMPLE: A loan of $1,000 for 6 months has fees and charges totalling $440, Maximum APR of 78.18% and total repayments of $1440. The minimum loan term is 3 month and Maximum loan term is 12 months. The Maximum APR is 78.18%. The Comparison Rate, based on a loan of $1,000 over 6 months, is 138.37%.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Borrow Costs Repay
$500 $340 $840
$1,000 $680 $1,680
$1,500 $1,320 $2,820
$2,000 $1,360 $3,360
EXAMPLE: A loan of $1,000 for 12 months has fees and charges totalling $680, Maximum APR of 79.38% and total repayments of $1680. The minimum loan term is 3 month and Maximum loan term is 12 months. The Maximum APR is 79.38%. The Comparison Rate, based on a loan of $1,000 over 6 months, is 138.37%.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Borrow Costs Repay
$2,100 $1,345 $3,445
$2,500 $1,525 $4,025
$3,500 $1,975 $5,475
$4,500 $2,425 $6,925
EXAMPLE: A loan of $2,500 for 20 months has fees and charges totalling $1,525. The minimum loan term is 20 months and Maximum loan term is 20 months. Maximum APR of 26.71% and total repayments of $3,445. The Comparison Rate, based on a loan of $2,500 over 24 months, is 50.66%.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Borrow Costs Repay
$5,000 $2,650 $7,650
$6,000 $3,100 $9,100
$8,000 $4,000 $12,000
$10,000 $4,900 $14,900
EXAMPLE: A loan of $10,000 for 24 months has fees and charges totalling $4,900, Maximum APR of 38.57% and total repayments of $14,900. The minimum loan term is 24 months and Maximum loan term is 24 months. The Comparison Rate, based on a loan of $10,000 over 36 months, is 28.05%.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.