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.
Honest customer reviews
Read how we helped get things fixed or got them out of a fix
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
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.
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.
Can I get an emergency loan if I have bad credit?
Yes, you may still qualify for an emergency loan with Cash Train even if you have bad credit - we'll give you a go!
We understand that past financial difficulties shouldn’t prevent you from getting help when you need it.
Instead of focusing only on your credit history, we look at your current income, expenses, and ability to repay the loan.
As long as the loan is affordable and suitable for your situation, you could be approved.
If bad credit is a concern, you might also want to explore our bad credit loan option. This type of loan is designed for people who have had credit issues in the past but can demonstrate they can manage repayments now.
Are emergency cash loans available for Centrelink customers?
Yes, Cash Train offers emergency cash loans to customers who receive Centrelink benefits. We understand that many people rely on Centrelink as their main source of income, and we assess your application based on affordability, not just where your income comes from.
As long as the repayments fit comfortably within your budget, you may be eligible – even if Centrelink is your only income.
For more information, take a look at our Centrelink loan option, which is specifically designed to help those receiving government benefits to get access the funds they need.
Where can I get an emergency loan?
If you need money quickly to cover an unexpected expense, Cash Train offers an emergency loan that is simple to apply for and fast to access.
Unlike many other lenders, our emergency loans are designed to be hassle-free, with an application process you can complete online in minutes. Once approved, funds can be transferred directly to your bank account, often on the same day.
With a Cash Train emergency loan, you could borrow up to $2,000 with flexible repayments over a maximum term of 12 months. We consider a wide range of applicants, including those with bad credit or Centrelink income, as long as the loan is affordable for you.
For smaller, short-term borrowing, you may also want to read about our payday loan product, which works similarly but comes with longer repayment options compared to traditional payday lenders.
Applying is easy – you can apply online anytime or visit one of our branches for in-person service.
How soon can I get my loan funded?
With Cash Train, the process is designed to be as fast as possible. You could complete the branch or online application in just a few minutes. We can generally start assessing it right away, during our regular office hours.
Our team reviews your income, expenses, and bank statements quickly to make sure the loan is suitable and affordable for you.
If your application is approved, funding can often happen on the same day, with money sent directly to your bank account or picked up in branch. In many cases, we use NPP (New Payments Platform) to transfer funds, which means you could receive the money in as little as 30 minutes, depending on your bank.
While most applications are processed quickly, please allow 1-2 business days for bank processing times if needed. For more information on quick funding, visit our fast cash loan page.
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.