We don’t just want to make things possible for you – we want to make things easier, too. And that includes from the comfort of your own home.
My Loans makes managing your Personal Loans, Line of Credit, Pawnbroking Loans or Buybacks more convenient with a handy set of features at your fingertips. Check the status of your loan, due dates, make payments and more, all from your mobile device.
Available online and from your app store.
Manage repayments and keep track of your loan anytime, anywhere
Access to your loan details and the status of your applications at your fingertips
See your payment schedule, make repayments and view your transactions
| Medium Loan | Small Loan | PayAdvance | Line of Credit | |
|---|---|---|---|---|
| Loan Amount | $2,050 - $5,000* | $400 - $2,000 | Up to $150 | $400 - $10,000 |
| Loan Term | 4 - 24 months | 2 - 12 months | Pay back the PayAdvance when your next pay comes in | 18 months for up to $2,000 and 36 months for $2,001 or over |
| How do I apply? | Apply online or in-store | Apply online or in-store | Apply via the MyLoans App | Apply via My Loans or in-store |
| Method of Payment | Funds transferred to your bank within minutes once loan offer accepted | Funds transferred to your bank within minutes once loan offer accepted | Funds transferred to your bank within minutes | Funds transferred to your bank within minutes once loan offer accepted |
| Fees | $400 establishment fee* and 48% per annum | 20% establishment fee and 4% flat monthly fee | 5% fixed fee | No establishment fee and 48% per annum |
| Apply Now | Apply Now | More info | More info | |
*Deposit into bank account up to a maximum of $4,600, due to the establishment fee being financed under MACC loan.
Please see our Target Market Determination for more details.
| Medium Loan | Small Loan | |||
|---|---|---|---|---|
| Loan Amount | $2,050 - $5,000* | $400 - $2,000 | ||
| Loan Term | 4 - 24 months | 2 - 12 months | ||
| How do I apply? | Apply online or in-store | Apply online or in-store | ||
| Method of Payment | Funds transferred to your bank within minutes once loan offer accepted | Funds transferred to your bank within minutes once loan offer accepted | ||
| Fees | $400 establishment fee* and 48% per annum | 20% establishment fee and 4% flat monthly fee | ||
| Apply Now | Apply Now | |||
| PayAdvance | Line of Credit | |||
|---|---|---|---|---|
| Loan Amount | Up to $150 | $400 - $10,000 | ||
| Loan Term | Pay back the PayAdvance when your next pay comes in | 18 months for up to $2,000 and 36 months for $2,001 or over | ||
| How do I apply? | Apply via the MyLoans App | Apply via My Loans or in-store | ||
| Method of Payment | Funds transferred to your bank within minutes | Funds transferred to your bank within minutes once loan offer accepted | ||
| Fees | 5% fixed fee | No establishment fee and 48% per annum | ||
| More info | More info | |||
*Deposit into bank account up to a maximum of $4,600, due to the establishment fee being financed under MACC loan.
Please see our Target Market Determination for more details.
My Loans is a central hub for managing everything to do with your Cash Converters Personal Loan, Line of Credit, Pawnbroking Loan or Buyback. With My Loans you can view your due dates, loan amounts, make payments and more.
Step 1 - Visit www.cashconverters.com.au/myloans and click register to create a Cashies Login
Step 2 - Enter the verification code sent to your email (if applicable)
Step 3 - Follow the prompts to complete your registration
Step 4 – Log in to My Loans, either from the Cash Converters home page or by using the Cash Converters My Loans App available from Apple and Android app stores.
Step 5 - Click ‘Link your loans’ and provide the requested information to add your loans to your My Loans Dashboard. If you are having trouble registering with My Loans, please call 13 22 74 or visit your local store for assistance.
Yes! There is no limit.
Yes! You can download the Cash Converters My Loans app on Apple and Android devices.
Yes, you can delete your My Loans mobile account by following these steps:
1. Log in to your My Loans app
2. Go to the setting tab at the bottom right navigation bar of your home screen
3. In settings, select the ‘Delete your Account’ button
4. After confirming that you would like to delete your My Loans account, your account will be deleted. This screen also contains a warning of our statutory data retention requirements and a link to our privacy policy.
Please note: We are required by law to retain certain financial and transactional information for up to 7 years in accordance with Australian Privacy principles.
Please refer to our Privacy Policy for more information.
Apply in-store or online for up to $2,000 over a 2 to 12 month term.
Apply in-store or online for between to $2,050 and $5,000* over a 4 to 24 month term.
If you’re an existing Personal Finance customer you can apply to access up to $10,000 and request a redraw from an approved credit limit. |
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.
