At Cash Converters, we make it possible to deal with life’s unexpected expenses like car repairs, a vet bill or both because some months are just like that.
With our Small Personal Loans, you can borrow up to $2,000 with manageable repayments over 2 to 12 months. You’ll also get the flexibility to choose if you want to pay weekly, fortnightly or monthly to help fit in with your life.
We approved over 274,000 cash loans for our Australian customers in 2024 alone.
It’s easy to apply, simply visit the friendly team in-store or apply online. You can also give our friendly Personal Finance Team a call, who will be happy to help with those trickier questions that are unique to your personal finance situation.
Learn more about our loan options, including our Medium Personal Loans or our Line of Credit.
Or if you're ready to start, let's get going with your online application.
We don’t judge. We review every application, no matter your credit history, whether you think it’s good or bad.
You can apply for a personal loan online, in-store or on the My Loans app. The application process is easy and only takes a few minutes.
Once your loan application is approved and loan offer accepted, the funds are transferred to your bank within minutes.
Keeping track and managing your personal loan repayments is easy with our My Loans app.^
^Excluding Cash Advance
Subject to eligibility and lending criteria being met and personal circumstance being assessed. View FAQ below for additional personal circumstances criteria.
We’re committed to responsible lending, we take a close look at the information and documents you provide to ensure you can afford it. We offer cash loan solutions to meet your needs and situation to help you get on with your life.
If you're ready to start, let's get going with your online application.
It only takes up to 10 minutes to apply for a cash loan online. You can also visit your local Cashies store to apply in person and chat to one of our friendly team.
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We’ll validate the information that you have submitted to make sure we’re lending you the right amount and it meets your needs.
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If approved, the cash is transferred directly to your nominated bank account within minutes.
Loan Amount
Loan Term
Fees
Method of Payment
How do I apply?
$400 - $2,000
2 - 12 months
Funds transferred to your bank within minutes once loan offer accepted
$400 - $5,000
Funds transferred to your bank within minutes once loan offer accepted
Please see our Target Market Determination for more details.
1. What if I'm receiving Centrelink payments?
If you are receiving Centrelink payments you could qualify for a Cash Converters loan.
2. I have taken out two small loans* in the last 90 days, can I still apply?
If you have had two or more small loans within a 90 day period, you may still be eligible to apply based on affordability and your individual financial circumstances.
3. What if I have existing small loans?
If you have existing small loans you could still qualify for a Cash Converters loan, however your total repayments for all your small loans can’t be more than 10% of your net income.
*A small loan is a loan up to the value of $2,000 with a repayment period of 2 months to 1 year.
For more information view our Frequently Asked Questions.
Our small loans range from $400 up to $2,000 and are typically paid over 2 to 12 months.
Although a good credit score will improve your chances of approval, we understand that people go through rough patches in life. That’s why our loans make getting on with life possible in a lot of circumstances. Even if your credit score isn’t as high as you would like, we can still consider your application and assess it based on your current financial circumstances, as we consider a variety of factors when approving a cash loan application.
A SACC is a ‘Small Amount Credit Contract’, a government regulated product under the National Consumer Credit Protection Act (2009) and is defined as being a loan of no more than $2,000, set up to be repaid over a term of not less than 16 days and not more than a year. Our Small Loans fall under this category.
Wouldn’t it be nice to get a kickstart with those smaller bills? Take the pressure off by getting a cash loan with up to $2,000 to pay those smaller expenses. While you can use small cash loans to cover anything, many of our customers often look to borrowing cash for these reasons:
We do credit checks for Personal Loan and Line of Credit applications only. This will leave a general finance inquiry on your credit file. However, as long as your current financial situation is stable, we will consider your loan application.
Complete our online form and we'll get back to you shortly. Or, get in touch with your local store.
We pay cash on the spot for items of value that you no longer use like a guitar, computer, jewellery, smart phones, tool sets and more.
If you’re an existing personal finance customer you can apply to access up to $5,000 and request a redraw from an approved credit limit.
Apply in-store or online for
between $2,050 and $5,000*
over a 4 to 24 month term.
Keep track of your loan, make payments, apply for a new loan and more, 24/7 with My Loans. |
We pay cash on the spot for items of value that you no longer use like a guitar, computer, jewellery, smart phones, tool sets and more. |
Applying for a Cash Converters personal loan online takes a few minutes. |
We’re responsible lenders and we want to make sure our customers are at the heart of everything we do to help find the right cash solution to make life possible.
We'll take a close look at the information and documents you provide us - including details of why you need the cash loan and how much you need to borrow, plus things like 90 days of bank statements, any existing credit card debt, and a careful assessment of your living expenses.
We do all this to ensure your cash loan is suitable, and meets your specific needs and situation to help you get on with your life. If you have any questions about your application and how we assess, talk to one of our personal finance team members
*Deposit into bank account up to a maximum of $4,600, due to the establishment fee being financed on $5,000 loans.
Our Cash Advance Loans incur a 20% establishment fee and a 4% monthly fee, based on the amount borrowed. For example, a small loan of $100 over 4 weeks has fees and charges totalling $24 (1 x $20 + 1 x $4), resulting in a total repayment of $124. Cash Advance Loans are only available in-store with a minimum loan term of 4 weeks. The minimum term is 4 weeks and a maximum of 20 weeks.
Our Small Personal 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 9 months has fees and charges totalling $560 (1 x $200 + 9 x $40), resulting in a total repayment of $1,560. The minimum loan term is 2 months and a maximum of 12 months.
Our Medium Personal Loans incur a $400 establishment fee and interest at 48% per annum. For example, a medium loan of $3,000 repaid by monthly payments over 1 year would equate to a total amount payable of $4,348 (including a $400 establishment fee). The minimum loan term is 4 months and a maximum of 24 months.
Our Line of Credit product does not incur an establishment fee and interest is at 48% per annum. For example, a line of credit of $4,000 repaid by monthly payments over 3 years would equate to a total amount payable of $7,616. The maximum repayment term for a credit limit of up to $2,000 is 18 months; and the maximum repayment term for a credit limit over $2,000 is 36 months. This example has been calculated on a specified credit limit with the assumption that the debtor has drawn down the maximum amount of credit as agreed to under a contract.
Our loans are repayable in weekly, fortnightly or monthly instalments. Loans can be settled early with no penalty and fees will only be charged whilst there is an outstanding balance on the loan, hence early settlement will reduce the amount payable on the loan. Loans are subject to assessment criteria and suitability. An APR (Annual Percentage Rate) does not apply to our Cash Advance Loans or Small Personal Loans. The maximum APR on our Medium Personal Loan is 144.02% and the maximum APR on our Line of Credit is 48%. These calculations do not account for potential additional fees and charges, such as default charges, which may be incurred.
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