How does the loan application process work?
From application to cash in your bank, fast!
How much do ya need pal?
Applying will not affect your credit score
512 Australians Applied Today
Trusted by thousands of Aussies every month
4.8Google
4.3TrustPilot
5Word of Mouth
5Product Review
5Facebook
CashPal TeamLast updated 27 November 2020
How the loan application process works
The application process at CashPalis simple, super fast and 100% online. Every application happens via our mobile-friendly website and takes only a few minutes — including a loan calculator to preview how much you’d borrow and when you’d pay it back. Adjust the slider to select the amount and your preferred payment period (keeping in mind these are examples only).
Make sure you fulfil the eligibility requirements before applying:
- You need to be 18 years old or over
- You have been paid a regular income into a personal bank account for at least the past 90 days
- You are an Australian citizen or have permanent residency
- You have a direct contact phone number and email address
From application to cash
- 1
Apply online
Fill in the application form on our mobile-friendly website — it takes only a few minutes.
- 2
We find your lender
We aim to match you with the most suitable lender in the shortest possible time, then refer you to them.
- 3
The lender assesses
Your lender conducts their own assessment of your application and issues an offer if approved.
- 4
Accept and get funded
If you like the offer, accept it — funds are sent straight to you. No obligation if you don’t.
Speed, costs and repayments
We do our best to provide an instant cash loanthe same day. Apply within business hours and the process can be completed within 60 minutes — cash could arrive within the hour if you bank with the same institution as your lender, or the next business day otherwise. Costs depend on the lender we match you with; most can be flexible with fees, and your contract contains all relevant costs. Repayments run by automated direct debit on the agreed basis — keep the correct amount in your account so payments don’t bounce (dishonour fees are outlined in your contract), and tell your lender early if you expect trouble making a payment.
Need a loan that fits your situation?
Apply online in minutes and get an outcome fast — it won’t impact your credit score.
- MJ
- KZ