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Our Loans

Our Loans

We want to help you find the best cash solution for your needs. We have loans for all situations and all types of people, even if you have bad credit history. If you are short on cash to pay for groceries or a school trip for the kids, a Cash Advance can help. If you need a longer-term loan for an unexpected cost such as a car repair bill or a wedding trip overseas, a Personal Loan can help you get on with life.

If you are not sure which cash solution is for you, visit your local store or give us a call and we will be happy to help.

Loans are suitable for occasional short-term needs only.

Cash Advance

Our simple and straightforward Cash Advances are available in-store or online. They are quick to obtain, small amount short-term loans perfect for managing expenses when you’re short on cash. A Cash Converters Cash Advance loan:

  • ranges from as little as $100 to $500 online and $100 to $2,000 in-store

  • is repaid over six to eight weeks

  • is reviewed quickly if you provide all required documents

  • gives you cash immediately after approval

Find out what the requirements are for a Cash Advance.

Personal Loans

Our longer term Personal Loans are available in-store, online or through our mobile app. You have variable loan amounts and loan terms to choose from, which means you can create your loan the way you want it for life’s unexpected costs. A Cash Converters Personal Loan:

  • is available as $600 - $1000 repaid over 4 - 6 months

  • is available as $1100 - $2000 repaid over 4 - 9 months

  • may involve a credit a check, but you do not need perfect credit history

  • on approval, will have your money in your account within 24 hours on business days

Find out what the requirements are for a Personal Loan.

Personal Loans

There are many different loans out there for a variety of different situations and it is important that you find the loan that suits your needs. Just as important as finding a suitable loan, we believe at Cash Converters that you also need to find a loan that is affordable, simple to apply for and fast.

What is a Personal Loan?

Just as the name suggests, a Personal Loan is money you borrow from a lender for personal use and then repay, after an agreed term, through regular payments with interest on top.

As the borrower, you get the ability to use the money without the need to save the funds first and you can use the money to pay for your unexpected cost.

At Cash Converters, we practice responsible lending. There is no security required but to ensure your Personal Loan is affordable and fit for purpose, we may perform a credit check and we will only lend you money for the purpose you took out the Personal Loan for.

How much can I borrow and for how long?

Cash Converters gives you the freedom to design your own Personal Loan. You can choose an amount between $100 and $2,000 for a term between 4 months and 9 months.

However, we practice responsible lending and will only lend you what you can afford to repay.

Personal Loans can be settled early with no penalty and interest will only be charged while there is an outstanding balance on the loan, therefore early settlement will reduce the total amount payable on the loan.

How do I apply for a Personal Loan?

We created our products with you, the customer in mind. To give you the best experience, at your convenience, you can apply in-store, online or on our mobile app.

We have also designed our application process to be simple and straightforward without all the unnecessary hassle so it’s faster than ever to apply for a Personal Loan.

How long does it take?

It takes around 5 minutes to apply for our Personal Loans.

We generally process applications on the same day they are submitted and if you provide all of the required information and documents, you may be approved on the same day.

As soon as your Personal Loan application is approved and you have signed your loan contract, we will put the cash in your account within 24 hours on business days.

Cash Advance

Unexpected costs can affect anyone and when you are in a situation where you are short on cash, a cash loan can help. If you have bad credit history, it is sometimes difficult to get the help you need. At Cash Converters, we look beyond your credit history and focus on the positives of your application to help you find a cash solution that works for you.

What is a cash loan?

A cash loan is a short-term unsecured loan product commonly referred to as a Cash Advance or a Personal Loan.

A borrower receives their loan as physical cash in hand or cash in their bank account, this sets cash loans apart from other loan products such as overdraft loans, instalment loans and mortgage loans.

At Cash Converters, we practice responsible lending. Not all lenders perform checks to ensure your loan is correct, affordable and suitable for your needs but we run our own checks to ensure these are met.

What cash loans do Cash Converters offer?

Getting a cash loan from Cash Converters is a simple and straightforward process. You tell us the amount you would like to borrow, Cash Converters determines if that cash loan amount suits your needs based on your requirements, income and expenses. If approved, you receive the cash loan immediately. All customers are required to provide valid ID and your most recent 3 months of bank statements.

Cash Advance

Our simple and straightforward Cash Advances are available in-store or online. They are quick to obtain, small amount short-term loans perfect for managing expenses when you’re short on cash. A Cash Converters Cash Advance loan:

  • ranges from as little as $100 to $500 online and $100 to $2,000 in-store

  • is repaid over six to eight weeks

  • is reviewed quickly if you provide all required documents

  • gives you cash immediately after approval

Unsecured Loans

Borrowing money can seem complicated. There are fees and interest to consider, how you are going to repay your loan and if security is needed. At Cash Converters, we offer unsecured loans to help you get on with life.

What is an unsecured loan?

An unsecured loan does not require the borrower to provide any property, collateral or security for a loan. If a borrower defaults or is unable to repay their loan, the lender has no legal right to take possession of any assets or property owned by the borrower to recover the costs of the lost loan.

With a secured loan, a borrower must provide property, collateral or security against their loan. If a borrower defaults or is unable to repay their loan, the lender has the legal right to take possession of any secured assets and property from the borrower.

This means that an unsecured loan has a higher risk for the lender. At Cash Converters, our Cash Advance and Personal Loans are unsecured. We work on mutual trust and understanding with our customers to ensure they get the cash solution they need and can repay.

What are the features and benefits of unsecured loans?

We offer two unsecured loan products at Cash Converters – Cash Advance and Personal Loan. The process to apply for our unsecured loans is simple and straightforward and usually takes 5 minutes. We offer:

  • No security

  • Competitive interest rates

  • No penalties for making additional repayments or for early settlement

Why unsecured loans?

We understand that unexpected costs can take anyone by surprise and leave you short on cash. It happens to everyone and sometimes a quick cash solution is all you need to help you get on with life.

We do not want to make an already unpleasant situation more difficult by requiring you to provide security for the odd occasion that you need a loan, and we work on mutual trust and understanding with our customers. We are here to help you and you understand that – it is a win-win!

Bad Credit Loans

If you have bad credit history, it can sometimes be hard to get a loan. Most banks will not lend to you and some short-term lenders will not deal with you. However, when you need cash, Cash Converters is here to help. We look at your application on its merits and look beyond just your credit history to try to help find a cash solution that suits you.

What is bad credit?

Bad credit is a result of various reasons ranging anywhere from not paying car finance and credit card bills on time to unpaid taxes and declaring bankruptcy, but the main reason is usually failing to keep up with payments on previous loans.

Bad credit shows an inability to manage borrowing and repayments, which can make it difficult to borrow money especially with mainstream lenders such as banks. It can also put you at a disadvantage with the amount you can borrow and the possibility of higher interest rates if you are approved for a loan.

What is a bad credit loan?

A bad credit loan is a loan suitable for people with bad credit. At times, it can be a financial lifeline for people who otherwise would not be able to get a cash loan for an expected cost.

The biggest advantage of a bad credit loan is that people with bad credit can actually borrow money. Having a loan can help repair credit rating and this provides a second chance, as long as payments are made on time and an ability to manage money responsibly is shown.

At Cash Converters, we are here to help people get on with their lives. Our Cash Advance and Personal Loans may be suitable for people with bad credit. Although a credit check maybe performed, we may still be to help even if you do not have a perfect credit history.

What are the features and benefits of a bad credit loan?

We offer two loan products that maybe suitable for people with bad credit at Cash Converters – Cash Advance and Personal Loan. The process to apply for our bad credit loans is simple and straightforward and usually takes 5 minutes. We offer:

  • A chance to get a loan for unexpected costs, even if you have bad credit

  • A second chance to repair your credit rating, if approved for a loan

  • Understanding to look beyond a credit rating and account for the positives in your credit history