An online loan is where you borrow a specific amount of money to pay for something you need cash for, such as paying vet fees, going on holiday, or purchasing furniture. You then repay the money back with fees in equal repayments over an agreed term, typically as a weekly fortnightly, or monthly repayment.

Our Cash Train online loans are unsecured, which means they do not require any collateral or security. It also means that you can get a loan on bad credit or on Centrelink payments.

Are online loans safe?

Yes, Cash Train is committed to the safety of our customers and only offers loans to applicants who can comfortably repay their debt. We pride ourselves on offering those in financial need access to regulated credit solutions with extensive consumer protections.

Check out our online loan costs to make sure you understand the total repayable and relevant interest charges.

How do applications for online loans work?

At Cash Train, our online loans are designed to be quick and easy, with many applicants receiving their money in their bank account on the same day. Our online application process asks a series of questions to determine your suitability for a cash loan. Applicants will need to provide proof of ID, proof of income, bank details and a 90-day bank statement.

If you are approved for the terms and amount you applied for, the funds are automatically transferred and you will not have to sign another contract.

What are online instalment loans?

Online instalment loans are personal loans with a set number of scheduled payments over a set period. We offer fast easy instalment loans from $200 to $8,000, and you can apply from the comfort of your living room!

Our personal loans at Cash Train are for borrowing amounts from $2,001 up to $8,000 whereas our quick cash loans are for amounts ranging from $200 to $2,000.

Can I get an online loan with a bad credit history?

While Cash Train makes every effort to help borrowers with a bad credit file, not every applicant will be eligible for a cash loan. However, we assess each online application on a case-by-case basis, as we are aware that people’s current circumstances are not always indicative of previous credit history incidents.

How do I pay off my cash loan?

Monthly or weekly repayments for cash loans are done automatically in the background on the agreed repayment dates. The funds will be digitally transferred to us from your bank account by its direct debit facility.

If you think you may run into difficulty and are unable to meet your loan repayments, give us a call. It may be possible to reschedule your repayment. See loan costs for further details.

100% online

Say goodbye to manual loan processes. With Cash Train, you can apply online for your personal loan in just a few minutes.

Fast, easy process

Enjoy a seriously fast loan approval process with a swift response on your application and quick cash transfers.

Reliable lender

With over 20 branches across Australia, Cash Train is proud to be a part of the community it serves.

As a responsible lender, our priority is ensuring your online loan is affordable and suitable for your financial situation.

To qualify, you must:

Receive a regular income stream

Be an Australian resident

Be at least 18 years old or over

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.

We value your time. Our team will promptly assess your loan application, balancing speed with responsible lending.

Get your money

As soon as we have approved your loan, you will get the money transferred to your bank account within 30 minutes via NPP instant transfers.**

Moving costs

Start your next chapter sooner with stress-free financial assistance.

Paying one-off costs

Bridge gaps in your pay cycle with a quick cash advance when you need it most.

Unexpected bills

Tackle life's surprises with an emergency loan to cover urgent expenses.

Going on vacation

From flights to accommodation, our cash loans will get you where you need to go.

Vet bills

Get your furry friend the urgent care they need with easy emergency loans.

Home appliances

From faulty fridges to broken air con units, Cash Train makes upgrading easier.

Car repairs

Get back behind the wheel faster with quick finance for car fixes.

Fees

Establishment fee:

20%

Monthly fee:

Early repayment fee:

Limits

Minimum loan amount:

$200

Maximum loan amount:

$2,000

Minimum loan term:

10 weeks or 3 months, depending on your payment frequency

Maximum loan term:

12 months

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: 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.

Ready to get started?

Discover our quick cash loans online or in-store today.