How much would you like?
Our Personal Loans incur an Establishment Fee equalling 20% of the amount borrowed and a monthly fee of 4% of the amount borrowed. For example, a loan of $1000 over 12 months has fees and charges totalling $680 (1x $200 + 12 x $40) therefore a total repayment of $1680. Our loans are not interest rate based however the maximum Annual Percentage Rate for our Personal Loan is 156.1%. Our maximum and minimum loan term is 12 months and repayments can be weekly, fortnightly or monthly. Loans can be settled early with no penalty and monthly 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.
5 minutes is all you need to apply for a personal loan. And if you're a returning customer, it's even more straightforward.
Our fast online loan approvals take the wait out of borrowing, with cash transferred straight into your bank account.
A fast and flexible loan featuring convenient repayment terms, so what are you waiting for?
You apply online
It’s easy to apply for a cash loan online. You can use your computer, smartphone or tablet. It only takes 5 mins.
We check & confirm
We do a quick check on the information you have submitted to make sure we’re lending you the right amount and it meets your needs.
You are approved!
Success! Sign your electronic Loan Contract, and we’ll transfer the money to your bank account.
Am I Eligible?
You can apply for a loan if you are over 18 and residing in Australia.
Every application for a Cash Converters Personal Loan is assessed by a person - and not a computer.
Ever get confused about all the different names there are for short-term loans?
No problems...we explain them all here, in clear and easy terms.
Q. Do I have to be an Australian resident?
A. To apply for a Personal Loan, you'll need to be an Australian resident.
Q. What if the majority of my income is from Centrelink?
A. We can help but there are some rules we have to follow. Your debt repayments can’t be more than 20% of your Centrelink income. For example, if you receive $700 per fortnight from Centrelink, your collective repayments on all short-term cash loans cannot exceed 20% of that amount, i.e. $140 per fortnight. That includes your loans with other lenders.
Q. Can I apply if I am in a Part 9 Debt Agreement?
A. If you are currently in a part 9 Debt Agreement, 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'll assess your application on your current situation.
Q. Do I get instant approval for a Personal Loan?
A. Though we don’t offer instant approval, we’ll only need to see your documentation once your application is accepted. The sooner we have all the documentation we need to determine if a loan is suitable, the quicker you will have a result. Depending on who you bank with, we should have the loan funds in your account within 24 hours of receiving a complete application.
Q. What if I have bad credit?
A. We are more lenient than the banks with our credit ratings. We assess every case individually, so even if you have a bad credit history, we will consider your current financial situation along with your application.
Q. How long before I get the money?
A. It depends on who you bank with. Assuming we have all the supporting documentation we need to assess your loan suitability, we will have the funds in your bank account within 24 hours for Personal Loans.
READ ALL FAQs
Do you really need a loan today? *
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems. Check your options before you borrow:
* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.