There is always a time in our life’s when we all need that little extra cash quick to get by in life. Unexpected bills, car registration, car repairs, medical bills, or simple topping up day to day living expenses. There are really countless times we all can relate to when we could use a short term loan to help make our life’s that little easier.

Thankfully there are plenty of online leader in Australia that offer quick approvals for cash loans which are also known as borrow money online, quick online loans, instant cash loans and so on that can assist when you need. Online loan lenders such as Cash Pal offer small personal loans from $300 to $10,000 which allows you to repay your cash loan over 12 to 24 months.

Most online leaders like Cash Pal have an easy and simple 100% online application process that generally only take a few minutes to complete and gives you an outcome of you loan application within 60 minutes. The online loan approval portals are so advanced that everything can be done through a smart phone, including gaining the lender read only access to your bank statements which ensures a quicker turnaround time for your cash loan.

What information do I need to apply for a quick cash loan?

To apply for a cash loan online with Cash Pal you will be asked to answer some questions about yourself, your employment and finances. A few supporting documents will need to be provided along with the application which can all be done thought your smart phone. To be eligible to apply for a loan you will need to be at least 18 years of age, be an Australian citizen or permanent resident and have been receiving income for the past 3 months. Once you have provided all the information Cash Pal assess your application and generally have an outcome for you within 1 hour as long as you apply with business hours. For further information on how it all works please visit our How It Works page

What do I need to know when applying for a cash loan?

Fees and cost associated with a cash loan is a very common question and here at Cash Pal we encourage everyone considering a cash loan to visit the cost page on the Cash Pal website and read all information carefully before applying for a cash loan. Another great page that answer frequently asked questions on how a cash loan works is the Cash Pal FAQ page.

Although all cost and fees of a cash loan will depend on the lender below is what you can except in regards 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.

What if I am on Centrelink income or have bad credit?

Being on Centrelink or having bad credit does not mean you can’t get a cash loan. Lenders look at a number of factors, receiving a consistent income is one of these factors. Cash Pal will happily perform a loan application assessment even if you are receiving Centrelink payments or have bad credit. Cash Pal will assess all loan applications the same regardless if you have bad credit or receiving Centrelink income ensuring all applications get a fair chance, all our lenders are responsible lenders and will never lend to a person who isn’t able to comfortably repay their loan.

What can I use a cash loan for?

A quick cash loan can be used for a large number of purposes such as the below but not limited to only the below:

  • Loan for Car insurance, repairs, maintenance and registration
  • Loan for Medical purposes such as dental or even pets
  • Loan for Household bills
  • Loan for Home repairs
  • Loan for Rent/bond
  • Loan for School fees
  • Loan for Holidays
  • Loan for Weddings
  • Loan for Funeral cost
  • Loan for Whitegoods

And much more! We know life isn’t easy and there is always that time when things pop up unexpected, generally they come all at once too. Cash Pal can assist you find the right lender to help you thought these tough times.

How long will it take to get my cash loan?

Being that Cash Pal offer super-fast cash loan, once you apply for your cash loan and provide all information requested we will find the best lender that can offer you the loan you need. Once the lender has done a full comprehensive assessment of your loan application they will contact you to provide a you contract or they may request additional information if needed. If you are approved most lenders will transfer the funds over night!

Need more information about cash loans?

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 or visit our FAQ page for more information.