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, 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 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.
If you need small loans for only a few hundred dollars, 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, for example:

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 Holiday No
$9,000 to Buy a New Car No

Who Qualifies?

If you're over 18, in employment taking home at least $1,200 per month and an Australian resident, then you are likely to qualify for a fast cash loan with Cash Train.

With Cash Train you get 10 weeks or 3 months to repay your loan with us, depending on how often you are paid. This means that as the monthly repayment amounts to us are lower than other short term loans, such as payday loans, our customers are more likely to be approved for a loan amount that matches their needs.

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

Cash Train offers loans to residents of all Australian States. See CashTrain.co.nz for New Zealand residents.

What if I have bad credit?

Apply Now

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
Earn over $1,200 in a month Yes
Paid Regulary - Weekly, Fortnightly or Monthly Yes
Paid Into Your Bank Account Yes
Need a Short Term Cash Loan Yes
Wages Paid in Cash Only Yes
Self Employed Yes
On Benefits Yes

How Much Does it Cost?

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, over 10 weeks or 3 months.

Repayments depend on your pay frequency - weekly paid customers make 10 payments, fortnightly customers 5 and monthly customers 3 payments. By repaying your loan over 3 months, the repayments should be more affordable to you, leaving more money in your pocket and bank account from month to month.

Apply Now

Select your loan amount at the top of the application form and the instant calculator will tell you exactly what you'll repay based on a 3 month or 10 week loan.

There are no hidden charges but, depending on your circumstances, the following fees may apply:

Your Situation Fee
Fail to Make Scheduled Repayment $25.00

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.

Repaying Your Loan

Quick loans online from Cash Train are intended to make life easier. This doesn't stop when it comes to repaying the loan, which is why your repayments are over 10 weeks to 3 months, in smaller more affordable repayments than other online cash lenders.

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 using the Members Area application form