Quick Loans
Get ahead of life's curveballs with a quick loan – your shortcut to financial peace of mind, minus the wait.
Why get a quick loan with Cash Train?
Stress-free application
Say goodbye to manual loan processes. Your online application form takes just a few minutes to complete.
Excellent service
For over 20 years, Cash Train has provided Australians from all walks of life with reliable financial assistance.
Quick & easy process
Our seriously fast loan approvals mean you can get the money you need when you need it most.
Eligibility criteria
As a responsible lender, we strive to match our customers with the best loan for their financial situation.
To be eligible for a fast 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.
Our loan application process
Applying online for a quick loan with Cash Train is as simple as 4 easy steps.
Apply online in minutes
Apply online anywhere, at any time. All we need is 90-day bank transactions and your answers to some simple questions.Get your loan offer
Get your conditional loan offer* which outlines the terms of your quick loan while you wait for final approval.Receive your loan approval
Our team will gather and review any additional information and give you a lending decision as quickly as possible.*Get your money
Once approved, we will transfer your quick cash loan directly to your bank account within 30 minutes via NPP instant transfers.**What can I use a quick cash loan for?
Vet bills
Make sure your pet gets the care they need with help covering appointments and medications.
Definition & Features
Application fee
A fee that is charged when you apply for a loan and your loan is 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
How do quick loans work?
Quick loans are similar to most personal loans but are specifically designed to provide customers with money fast in order to cover unexpected bills or overcome temporary cash problems. The borrower will then repay the loan amount, along with any fees, according to the terms outlined in the loan agreement.
Do I need to provide bank statements for my online application?
While the law requires all customers to provide 90-day bank transactions, there's no need to print or scan any paperwork as we gather all the information we need online, through our secure partner Illion.
How long does it take to get approval on a quick loan?
Cash Train takes great pride in delivering quick and easy cash loans to customers as soon as possible, often on the same day you apply, but due to some banks’ processing times, you may need to allow 1-2 working days for the funds to become available.
Can I get a loan if I have a bad credit history?
While not every applicant will be eligible, we make every effort to offer loans to customers with a bad credit history who can comfortably afford their monthly repayment amount. Approval will largely depend on your current financial situation and needs rather than previous incidents on your credit file.
How do I repay my loan?
Your repayments will be automatically direct debited from your bank account on the agreed repayment dates, so you don’t have to worry about missing them.
View our loan costs to make sure you understand the total repayable and if you think you may run into difficulty with your loan repayments, get in touch with our friendly team to avoid late fees.
Can I make weekly repayments?
Depending on your pay frequency, your loan repayments will be set up over 10 weeks or 3 months. If you are paid weekly, you will have 10 weekly payments, if you are paid fortnightly you will have 5 fortnightly payments, and if you are paid monthly, you will have 3 monthly payments.
Unlike other payday lenders, who require full payment on your next payday or within 1 month, Cash Train spreads your loan over a longer period, making your scheduled repayments smaller, more affordable and easier to manage.