No Credit Check Loans
Don't let a bad credit rating hold you back. All we need is proof of ID, proof of income and 90-day bank transactions.
Why get a no credit check loan with Cash Train?
Easy loan application
Apply online or in person at your local branch. Just answer a couple of quick questions and provide your bank account details.
Fast approval process
If you apply before 3 pm, our team will typically process your loan on the same day. Plus, if everything goes smoothly, you could get same day approval.
Reputable lenders
For over 20 years, we've provided Australians from all walks of life with no credit check loans when they need it most.
Eligibility
As a reputable lender, our priority is ensuring our no credit check loans are affordable and suitable for your financial situation.
To be eligible for a cash loan, you must:
Existing customers can benefit from a faster borrowing process. As your trust rating improves, you may borrow more money with any subsequent loan - as long as you meet loan payments, the loan meets your requirements and objectives and repay your loan in full, on time and can afford the higher amount.
Apply online
Fill out your application form in just a few minutes from the comfort of your home, on the train, in the office or visit us at one of our Branches.Get your loan offer
We'll reach out with your loan offer* which outlines the terms of your cash loan while we assess the final outcome of your application.Receive approval
Our team is dedicated to balancing speed with a fair decision. Most customers will receive approval in just 1 business day and we’ll let you know as soon as possible.*Get your money
Once your loan is approved, you could get the cash transferred to your nominated bank account on the same day** or collect it in person from your local branch.What can I use a no credit check loan for?
Emergency expenses
From utility bills to car repairs, we could help you access money when you need it most.
Medical bills
Put your health first with fast financial support for medications and doctor appointments.
Definition & Features
Application fee
A fee that is charged when you apply for a loan and your loan if approved.
Extra repayments
Extra repayments are made after the establishment of the loan and could help reduce fees and repayment term.
Loan use
The conditions for use of loan. Our loans can not be used for general living expenses such as rental payments or grocery costs.
Loan term
The length of the loan. Short-term loans often have lower monthly fees whereas longer loans have lower repayments and higher rates.
Rates, fees, and limits
Why our customers love us
Learn why we're one of Australia's trusted lenders.Example loan costs
EXAMPLE: Our Cash 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 3 months has fees and charges totalling $320 (1 x $200 + 3 x $40), resulting in a total repayment of $1,320. The minimum loan term is 2 months and a maximum of 12 months. An APR (Annual Percentage Rate) does not apply to Cash Loans.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
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Frequently Asked Questions
What is a no credit check loan?
No credit check loans are loans offered for a small amount over a short period of time without requiring the borrower to submit to a full credit check. Most lenders will typically still do a ‘soft' credit check to confirm the identity of the borrower, but they may not take into account the user's credit score.
How do no credit check loans work?
Subject to meeting our lending criteria, Cash Train's no credit check loans allow customers to access a small cash advance. They then repay the loan amount, plus any fees over a period of time outlined in their loan agreement.
What is considered a poor credit score?
Your credit score will typically range from 0 to 1000, with lower scores reflecting a poor credit rating. Most credit agencies consider a score under 500 to be "bad credit rating", whereas a number over 500 is generally considered a good credit score.
How do I check my credit history?
There are several online credit bureaus that perform credit checks free of charge. You’ll usually need to verify your identity and provide some personal information before they assess your credit history and generate your credit score.
What's unique about Cash Train's no credit check loans?
We're committed to giving our customers a go, even if they have a less than perfect credit history. While big banks and other traditional lenders tend to reject applicants based on their credit history alone, our team will assess your loan application based on your overall financial situation and whether you can afford to meet your repayment schedule comfortably.
How much could I borrow?
A Cash Loan allows you to borrow up to $2,000, with a maximum loan term of 12 months. Opt for our Personal Loans for access to higher amounts, up to $4,600, with a maximum loan term of 15 months.
Can I get a no credit check loan if I have a bad credit history?
We understand people’s current circumstances are not always indicative of their credit score and we assess each loan application on a case-by-case basis.
Customers with a bad credit history can still be considered for our no credit check loans, as long as they are eligible, the loan meets their needs and can comfortably repay the loan.
Can borrowing improve your credit score?
Your credit score reflects your borrowing habits. By managing your loan responsibly e.g. avoiding late repayments and settling existing credit card debts, you could potentially improve your credit score (dependent on your credit file).
How do I pay off a no credit check loan?
To help you avoid missed payments and extra charges, your loan repayments will be automatically set up via direct debit. Funds will be digitally transferred from your bank account to us on agreed-upon dates. We can tailor repayments to align with your pay cycle; for instance, if you're paid monthly, you can make monthly repayments.
Review our no credit check loans costs to understand your monthly repayment amount. If you anticipate any difficulties, reach out to our friendly team for assistance.