Cash Advance loans from $50 to $2,000

Cash Advance Loan FAQs

• What is the process to get a Cash Advance?

  1. Apply
  Visit your nearest participating Cash Converters store and bring along supporting documentation and mention you are interested in a Cash Advance loan.

  2. Check and confirm
  We’ll validate the information you’ve submitted to make sure we’re lending you the right amount and it meets your needs.

  3. Approval
  If approved, you can receive on the spot cash. 

  4. Repayments
  You can pay us back with manageable repayments until the loan term ends.

• What we need from you to make a Cash Advance possible

  • Access to the latest 90 days of your bank account transaction history for the account your income is deposited into (you don't need to print these out, you just need to login to your internet banking when applying online or in-store)
  • Identification details (like a Drivers licence)
  • A current Income Statement if you receive a Centrelink payment

  
  For more information view our Frequently Asked Questions.

• How much can I borrow with a Cash Advance loan?

  Our Cash Advance loans range from $50 to $2,000 and are typically repaid over a short period around 4 - 20 weeks (though flexible loan terms may be available upon assessment). 

  As a responsible lender, we take a close look at the information and documents you provide to ensure your loan is suitable and meets your specific needs and situation to help you get on with your life.

• Who is eligible for a Cash Advance?

  1. Resident status
  Australian residents and Non-residents can apply for a Cash Advance.

  2. I’m over the age of 18
  To be eligible to apply for a Cash Advance, you must be over the age of 18 years old.

  3. I’m not currently in bankruptcy or a Part 9 Debt Agreement
  If you are currently in a Part 9 Debt Agreement or currently in bankruptcy we are unable to process your loan application. However, if you have previously been in a Part 9 Debt Agreement which has been successfully discharged, we will assess your application on your current situation.

  4. What if I'm receiving Centrelink payments?
  If you are receiving Centrelink payments you could qualify for a Cash Converters loan.

  5. 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.
  
  6. 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 16 days to 1 year.

• Does a Cash Advance affect your credit score?

  No, taking out a Cash Advance does not affect your credit ranking or credit score.

• What is a Cash Advance loan?

  A Cash Advance loan is an instant cash loan paid back over 4-20 weeks.  

  Sometimes Cash Advances are referred to as ‘pay day’ loans as they tend to cover an expense that cannot wait until your next pay day. 

• What can Cash Advances be used for?

  Sometimes everyone needs a little boost. That’s where we come in. By being able to leave our stores with cash straight in your wallet from $50 up to $2,000, you can quickly cover a wide range of unexpected and time sensitive expenses such as, but not limited to:
  

  • Medical bills or healthcare related expenses that require urgent payment
  • Small dental bills
  • House bonds
  • Moving house cost
  • Urgent house repairs
  • Urgent car repairs
  • Urgent white good repairs like your fridge, washing machine or heaters
  • Back to school expenditures like uniforms
  • Vet bills
  • Other approved personal reasons

  
  If you are unsure whether you can qualify for a Cash Advance, visit the friendly team in-store at over 150 locations in Australia and chat to our staff to see what we can make possible for you.