The Cashies Loan from Cash Converters is a flexible personal line of credit. It gives you quick access to funds between $2,050 and $10,000 whenever you need extra cash.
Cashies Loan: a loan for managing emergency expenses and everyday cash flow
This flexible loan helps you handle urgent expenses like car repairs, vet bills, or moving costs. Unlike a traditional loan with a single lump sum, this continuing credit contract lets you draw down cash, make repayments, and redraw up to your limit. You only pay interest on the money you actually use.
It features $0 establishment and monthly fees, making it an attractive low interest personal loans option. Personalised fixed rates range from 19.95% p.a. to 48% p.a. based on your credit history, with Cash Converters assessing your overall financial stability.
Should I get a personal line of credit from Cash Converters?
Cash Converters has supported everyday Australians since 1984. Operating under Australian Credit Licences 391436 and 391415, they are a responsible lender providing simple credit solutions with clear costs and zero hidden fees.
Managing your account is easy with the Cash Converters My Loans app, where you can check balances and request redraws (minimum $200). With median assessment times of around four hours, approved funds can arrive in your bank account in minutes via the fast payments system.
How to get a loan from Cash Converters
To apply for Cashies Loan, you need to meet the following requirements:
- Be 18 years of age or older.
- Be an Australian citizen or permanent resident.
- Earn an average income of $500 or more per week.
- Receive less than 50% of your total weekly income from Centrelink.
- Not currently be bankrupt or entered into a Part 9 debt agreement.
- Be willing to provide 90 days of bank statements digitally through a secure portal.
How to apply for the loan
Follow these quick steps to submit your application:
- Review loan details: Check rates, fee structure, and eligibility rules on the Cash Converters website.
- Complete the online application: Fill out the online form in as little as 10 minutes to select your limit.
- Submit documentation: Link your bank account securely to provide 90 days of electronic bank statements.
- Assessment & credit check: Cash Converters reviews your application using Equifax credit checks and income details.
- Accept your offer: Review your contract showing your personalised rate (19.95% p.a., 35% p.a., or 48% p.a.) and sign online.
- Receive your funds: Once accepted, funds are sent to your bank account within minutes via fast payments.
Frequently asked questions
Can I get a loan from Cash Converters without a job?
No. You must be employed and earn at least $500 per week. Centrelink payments can supplement your earnings, but must make up less than 50% of your total income. Self-employed applicants may qualify subject to income verification.
How much could I be approved to borrow with Cashies Loan?
You can apply for a credit limit between $2,050 and $10,000. Your final approved amount depends on your income, expenses, and credit assessment, capped at a maximum of $10,000 total exposure across all Cash Converters loans.
How do I pay off Cashies Loan?
Repayments are made via direct debit matching your pay frequency (weekly, fortnightly, or monthly) over up to 36 months per drawing. You can make extra payments or pay off the balance early anytime with zero penalties.
How do I cancel a loan application with Cash Converters?
Contact the Cash Converters Personal Finance team on 13 22 74 or via email before signing the contract. Note that withdrawing an unapproved application is free, but once contracts are signed and funds disbursed, the loan must be repaid in full.