Applying for a Cash Converters personal loan online can take as little as 10 minutes.
Before you start, go through our checklist to find out what you'll need to make the process as smooth as possible. Find out what is required, whether you meet the Cash Converters loan eligibility, how long it takes to approve a loan, and how you can repay it.
You can apply online or in-store, it’s up to you. Our online application form allows you to apply for a personal loan from the comfort of your couch or while you’re on a lunch break. This application form is available 24/7 so it can be completed at a time that suits you.
It takes only a few minutes to apply for a personal loan online.
You can also visit your local Cashies store to apply in person and chat to one of our friendly team.
We’ll validate the information that you have submitted to make sure we’re lending you the right amount and it meets your needs.
If approved and loan offer is accepted, the cash is transferred directly to your nominated bank account within minutes.
If you're ready to start, let's get going with your online application.
To be eligible, you must be:
• an Australian resident over 18 years old
• not currently in bankruptcy or a Part 9 Debt Agreement
• other lending criteria may apply depending on your current situation.
To start, conditional to successful ID verification, all you need is your mobile phone, and your internet banking details. This helps us to verify your identity and that you can afford the loan you’re applying for.
It's good to take it slow when you're actively searching for a loan, even more so if it is your first time. Do your research so you can figure out whether the loan suits your individual needs and circumstances as there are many loan options in the market. At Cash Converters, we offer different types of personal loan options:
*Deposit into bank account up to a maximum of $4,600, due to the establishment fee being financed with a $5,000 loan.
An electronic ID check will confirm your ID based on the information provided in your online application. If the electronic ID verification fails, we may request additional documents, like a driver’s licence, to confirm your identity.
Check out our Frequently Asked Questions for more information.
If you’re applying for a small cash loan while on Centrelink payments, you’ll be asked to provide your MyGov login. This allows us to quickly verify your Centrelink payments.
Our assessing team will make sure that the repayments aren’t more than 10% of your net income.
Your loan is assessed as we gather some personal details to verify your identification, along with details of your employment, income, and expenditure.
Every application is individually assessed for affordability and suitability. The team will also conduct a credit check which will leave a general finance inquiry on your credit file. However, this is just one of many things that they take into consideration when reviewing your application.
Australian legislation requires we gather the last 90 days of bank statements to assess your application. We do this online by safely and securely collecting the transaction data from your Internet banking.
Our in-house system is compatible with most Australian banks and credit societies, and your Internet banking details are never stored or shared with us.
Once you've completed your loan application online, a Cash Converters customer service representative will be in touch if we require any further information.
If you experience any difficulties processing your application online, please give us a call on 13 CASH.
How long a Cash Converters loan takes to process depends on if all the information has been submitted with your application. You could complete the online application in just 10 minutes.
The sooner you provide the information to us, the sooner you will get an outcome for your loan application.
If you have all the information available when you apply, the loan verification process can take as little as 24 hours whether you apply online or in-store.
Once your loan application has been approved, funds could be transferred to your bank within minutes once the loan offer is accepted.
So that you don’t have to think about making manual payments, direct debits are automatically scheduled for your pay dates. This helps reduce the risk of you missing a payment.
You can make extra payments to pay out your loan sooner – simply call 13 CASH or use the Myloans app.
For those who prefer to pay their Cash Converters loan online, we’ve made it easy with our MyLoans app and Cash Converters online portal. Within MyLoans you can check the status of your loan, your due dates, make payments and more all from your mobile device. The registration process is simple.
If you’re having trouble with access to your Cash Converters online login or linking your loans to your MyLoans account, give our friendly team a call on 13 CASH.
We’ve got some tips on managing your personal loan repayment.
Whether you’re applying online from the comfort of your home or prefer speaking to our team in-store, we’re here to guide you every step of the way. With various loan options tailored to different needs, you can choose the one that best suits your financial situation.
Remember, taking out a loan is a significant decision, so make sure to review all the details and understand your obligations. If you have any questions or need further assistance, our friendly customer service team is just a call or visit away.
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