What Is a Cash Advance Loan?

A cash advance loan put simply is a personal loan either that can be secured by an asset or unsecured. Funds are paid instantly once approved and with CashPal you can apply immediately online for a cash advance loan for any amount ranging from $300 to $30000 over 12 to 24 months.

Many Aussies all around Australia apply for a cash advance loan when they find themselves in need a situation where they need some extra money for a particular reason. These reason range however below are some

Best part is with there is no paperwork required to apply for our cash advance loans with Cash Pal. Its as simple as applying online and once and CashPal with find the right lender to help you within minutes.


What does Cash advance loan mean?

A Cash advance loan is having the ability to gain access to immediate funds if required. Generally, CashPal can assist getting you same-day approvals as we understand when you need a cash advance it is often you need access to those very quick not in 3 or 4 days. To apply easily online our application process has been designed and developed to only take you only a few minutes this way you are not filling out long complicated forms! Once the application is complete the best-suited lender to assist you will be contacted.


What do you get with Cash Pal?

Easy and simple process unlike the banks

The loan application can take literally only minutes to complete, Cash Pal is built but Aussie for Aussie and we know that nobody has time to go through long-winded applications.

100% Secure Application

Our application process and portal has been built in the upmost secure platforms available. Ensuring your personal data 100% of the time is secure and safe is something CashPal do not take lightly.

Answers in Minutes

We appreciate and know that when you apply for cash advance loans with CashPal you don’t have time to waste waiting to hear back. CashPal has created an extremely fast outcome process to provide our customers with the outcome of the cash advance loan within minutes.


Can I get the Funds Transferred Immediately?

Once your application is approved, some lenders are able to have the funds in your account in 60 mins! Yes, 60 minutes. When we say we are super-fast we mean it.


Why is Cash Pal the Answer For a Cash advance loan?

CashPal understand and know extremely well how time-consuming it can be applying for a loan with multiple lenders only to find out that they either need so much more information or that their application is not approved. Finding the right lender to suit you can take days if not weeks sometimes as all lenders have different criteria’s on how they lend funds. When applying with a loan with CashPal you only have the apply once, we have a large panel of lenders available and match your application with the best-suited lender who can assist you. Secondly, our lenders can have the funds in your account quickly once approval, no more waiting days and days to hear back from banks or having to apply with 5 or 6 (sometimes more) before you find out you found the right lender. CashPal do all hard work for. At CashPal we offer super-fast same day loans.


What are the fees for a Cash advance loan?

It is very common to ask this question and at CashPal we cannot stress enough how important it is to know exactly what the fees are when applying for a cash loan to repair your car. please visit the cost page on the CashPal website and read all the information carefully before applying for a cash loan to repair your car. You can also visit the FAQ page on the Cash Pal website which answers a lot of questions our client has asked.


Although all cost and fees of a cash loan will depend on the lender below is what you can expect in regard to fees and cost:

Small Amount Credit Contract (loans from $500 to $2000), costs are:

  • Establishment fee: 20% of loan principal.
  • Flat monthly fee: 4% of loan principal.
  • Direct debit dishonour fee in the event of a missed payment.

Medium Amount Credit Contract (loans from $2001 to $4600), costs are:

  • Establishment fee: $400 flat fee.
  • Annual Percentage Rate: 48%.
  • Must be secured by a vehicle (car, boat, caravan or motorbike)
  • Direct debit dishonour fee in the event of a missed payment.

Large Amount Credit Contract (loans from $5,000 to $15,000), costs are:

  • Annual Percentage Rate: 21.24%
  • Must be secured by a vehicle (car, boat, caravan or motorbike)
  • Direct debit dishonour fee in the event of a missed payment.


If you are on Centrelink or have bad credit – Can I still apply for a cash loan?

Having bad credit or being on Centrelink does not automatically exclude you from being able to find a cash loan to repair your car and get you back on the road. The below is the only criteria to apply.

To be able to apply you must:

  • Be 18 years of age or over
  • Be an Australian citizen or permanent resident
  • Be receiving a regular income for at least 90 days
  • Have a valid email and mobile number


Need more information about our Cash Pal?

If you have any questions about how Cash Pal can help find the right lender for you please don’t hesitate to contact our customer care team at  hello@cashpal.com.au or visit our FAQ page for more information.

Ready to get your cash advance loans? You can apply here within minutes