Emergency Loans
Life can be unpredictable. Our emergency loans could help you get cash immediately to cover the unexpected.
Why choose Cash Train's emergency loans?
Simple application
You can breathe a sigh of relief knowing that your online cash loan application will take only a couple of minutes to complete.
Trusted lender
For over a decade, Cash Train has helped thousands of Australians quickly secure an emergency loan when they need it most.
Quick approval
In an emergency situation, you need an answer immediately. With Cash Train, you can expect a fast decision regarding your loan application.
Eligibility
As a responsible lender, our priority is ensuring your loan is affordable and suitable for your specific needs.
To be eligible, you must:
Existing customers can benefit from a faster borrowing process. As your trust rating improves, you may borrow more money with any subsequent loan - as long as you meet loan payments, the loan meets your requirements and objectives and repay your loan in full, on time and can afford the higher amount.
How do I apply for a loan with Cash Train?
Applying for an emergency cash loan with Cash Train is as simple as 4 easy steps.
Apply in minutes
You can apply online anywhere, at any time. All you have to do is answer some simple questions and provide 90 day bank statements.Get your loan offer
Get a conditional loan offer immediately* which outlines the terms of your loan while you wait for final approval.Receive your loan approval
Our team is dedicated to balancing speed with responsible lending. We’ll assess your application and let you know as soon as your loan is approved.*Get your money
Once your loan is approved, your emergency cash will be digitally transferred to your bank account within 30 minutes via NPP instant transfers.**What can I use an emergency loan for?
Car repairs
Get back behind the wheel faster with quick finance for car fixes.
Urgent travel
From flights to accommodation, our finance solutions get you where you need to go.
Emergency medical expenses
From injuries to dental bills, cover costs in a crisis and put your health first.
Vet bills
Get your furry friend the help they need while lightening the load of vet bills.
Home repairs
Fix home headaches and keep your household running as it should.
Definition & Features
Application fee
A fee that is charged when you apply for a loan and your loan is approved.
Extra repayments
Extra repayments are made after the establishment of the loan and could help reduce fees and repayment term.
Loan use
The conditions for use of loan. Our loans can not be used for general living expenses such as rental payments or grocery costs.
Loan term
The length of the loan. Generally shorter loan terms have lower fees rates and longer loan terms mean lower repayments and higher fees rates.
Rates, fees, and limits
Why our customers love us
Learn why we're one of Australia's trusted lenders.Example loan costs
EXAMPLE: Our Cash 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 3 months has fees and charges totalling $320 (1 x $200 + 3 x $40), resulting in a total repayment of $1,320. The minimum loan term is 2 months and a maximum of 12 months. An APR (Annual Percentage Rate) does not apply to Cash Loans.
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.
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Frequently Asked Questions
What are emergency loans?
Emergency loans could come in handy when you are met with an unexpected situation and need money fast to pay off last-minute bills or urgent expenses. The funds are disbursed promptly, usually within the same day, to provide cash immediately.
How do emergency loans work?
Emergency loans typically work similarly to other types of personal loans but are designed to provide customers with money quickly to address an emergency expense. The borrower will then repay the loan amount, along with any fees, according to the terms outlined in the loan agreement.
Can I get an emergency loan?
To apply for an emergency loan, you must:
- Receive regular income
- Be an Australian resident
- Be at least 18 years old or over
In addition to meeting our eligibility requirements, approval for an emergency loan is determined on a case-by-case basis and your ability to meet your repayment schedule.
Where can I get an emergency loan?
Unlike other lenders, Cash Train’s emergency loans are hassle-free and designed specifically for those who need fast cash. You could borrow up to $2,000 with a maximum loan term of 12 months.
How do I pay off my loan?
Paying your loan is set up automatically via direct debit with the funds digitally transferred to us from your account on the agreed repayment dates.
We recommend checking out our emergency loans costs to make sure you understand what you will have to repay ahead of time. If you think you may run into difficulty and are unable to make the repayment, contact our friendly team. It may be possible to reschedule your repayments.