How does the loan application process work?

The application process here at CashPal is simple, super fast and 100% online.  You can apply for CashPal’s lender-finding service by filling out our application form online. The application form can be easily found by accessing the Cash Pal website.

All of our loan applications are done online via our mobile friendly website. It only takes a few minutes as we also provide you with the proper tools to help find your own personal loan. We provide you with a loan calculator to give you an idea of what your loan might look like by giving you the details of how much and when you should pay back your loans. It is very easy to use as you can simply adjust the slider to select the amount of money you wish to borrow, and the payment period you would prefer. This tool is used to give you an idea of how the loan works in CashPal, so keep in mind that these are just examples.

Once you have filled in the application form online, we make sure to find you a lender, fast. We aim to find you the most suitable lenders for you in the shortest amount of time possible. Once we found a suitable lender, we will refer you to them and then they can conduct their own assessment of your loan application.

Please make sure that you have fulfilled the eligibility requirements that we have here at CashPal. Below is a list of eligibility requirements that you need to fulfil in order to apply for a loan through CashPal:

• 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 have to be an Aussie citizen, or have permanent residency;
• You have a direct contact phone number and email address.

If you meet all the eligibility requirements stated above, you are more than welcome to apply for our services online.

How Quickly Can I Get The Cash?

At CashPal we do our best to provide you with an instant cash loan on the same day. This process involves matching you with a lender who will provide the instant cash. If you apply within business hours then you may receive the cash on the same day. This will depend, however, on any checks that our lender may need to carry out to get you the cash as well as the bank you are with.

Provided that everything goes to plan the application process can be completed within 60 minutes. The cash could be in your account within the hour. If you bank with the same institution as your lender this will allow you to receive the money quicker. However, if you do not bank with the same bank as your lender the fast cash may be in your account on the next business day.

What Do Quick Cash Loans Cost?

The cost of your instant cash loan will depend on the lender we match you with. Most of our lenders can be flexible with the fees and costs associated with their loans. However, this is at the discretion of the lender themselves.

If your application is approved by a lender, remember to read your loan contract thoroughly, as it will contain all relevant costs.

How Can I Pay Back My Instant Cash Loan?

An instant cash loan must be paid back on time in order to prevent any extra fees/charges or defaults from incurring. When a lender has approved your loan they will be able to help you set up a direct debit. This will mean the money will be taken from your account on the agreed upon basis.

You will not need to do any of the payments manually as this process is automated – you will just need to make sure the correct amount of money is in your account in time for the payment to be taken.

If a payment does bounce from your account you may incur a dishonour fee. These types of fees will, however, be outlined in your initial contract with the lender. It is very important that you read through this document in order to understand the charges that you will incur if a payment is to bounce.

If you believe that you won’t be able to make an upcoming payment is important you let your lender know as soon as possible. This will allow you to possibly make an alternative arrangement. This is at the discretion of the individual lender.

How Can I Apply?

Our application process is as simple as they come – 100% online, including your application process. Once you have submitted your application we will do a quick assessment. We will then let you know if we can help you. This should only take a few minutes. CashPal will then match you with a lender that will hook you up with instant cash.

If you’re a fan of what the lender is prepared to offer you then you can accept. If you’re not – that’s okay, you don’t have to accept. Once you’ve accepted your contract your lender will send you the funds straight to you. It’s as easy as that! No fuss, just instant cash loans – 100% online.