No paperwork loans

Low-doc borrowing for the self-employed and freelancers — under 10 minutes to apply.

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Trusted by thousands of Aussies every month

Loans without the document pile-up

CashPal is here for quick cash loans online when you come up short. We understand that everybody’s financial situation is different, and that’s why many of them offer no paperwork loans. If you are a little unsure about how you might provide all of the necessary documentation that usually comes along with a personal loan, read on to find out why a no paperwork loan through CashPal’s lending service could be the right option for you.

What is a no paperwork loan?

A ‘no paperwork loan’, also known as a low-doc or no-doc loan, is a loan that can be processed with very little supporting documentation. No paperwork loans are excellent options for:

Self-employed people
Business owners
Freelancers
Contractors

Customers that fall into any of these categories will obviously find it difficult to provide PAYG statements and proof of regular income. So while they may earn a great income, it is hard to prove. Due to the irregularity of income though, many lenders deem these customers as ‘risky’, and no paperwork loans are usually offered with higher rates and fees to offset this risk. This is why it’s important to be aware of all possible charges before you sign on the dotted line.

Instant cash loans online with no paperwork? They do that?

Yes! We do! While it is not recommended that customers without any income apply, these are great options for people without access to supporting documentation. As long as you’re able to commit to the terms of your loan, you could be approved and receive your funds on the same day. So, when should you apply for one of these fast loans online?

Apply!

You’ve completed a weekly or monthly budget to track how much expendable income you have, so you know you can afford a loan.

You receive enough income to meet the Ts & Cs of your loan but don’t receive regular payslips or paperwork to prove this.

You would feel comfortable signing an affordability statement that confirms you understand the amount you are borrowing, you agree to your repayment schedule, and that you are liable for any debt incurred.

Maybe don’t apply…

You do not receive income but need a loan.

You do not have a budget or enough expendable cash.

You already find yourself struggling to pay regular bills.

You would not feel comfortable signing a statement stating you can afford your loan.

If you find yourself in the ‘maybe don’t apply’ column and are stressed about finding enough money to pay this month’s bills, then a loan is only going to make your situation much more unaffordable. For help with financial hardship, there are other places to turn first, such as the Department of Human Services, the National Debt Helpline, or ASIC’s MoneySmart.

What’s the catch?

No catch, just some things you should look out for. As with all personal finance options, there is an abundance of choices and conditions which you should always be clear on before you say yes to the loan! We’ve helped you out by making this clear affordability checklist to explain things simply:

Rates: check to see if your loan will be fixed-rate or variable rate, and what the comparison rate is. No paperwork loans do generally come with higher rates attached, but compare your options and find the best deal for you. The lower the interest, the higher the savings!
Fees and charges: read the fine print of your contract. Are there establishment fees? Ongoing account-keeping fees? Monthly charges?
Loan terms: longer loan terms stretch out your repayments and make them cheaper and easier to maintain. However, short loan terms with no paperwork are the best options, as you’ll be rid of the loan quickly and won’t pay interest, fees and charges on those extra months.
Repayment schedule: does it match up with when you normally receive your pay? Do the amounts fit easily within your budget?
Flexibility: will you be charged for making extra repayments or for paying out your loan early? Do you need access to a redraw facility?

What can I use a no paperwork loan for?

It’s up to you! Personal loans are just that — for your personal use. With CashPal you can get online instant cash loans with no paperwork for any situation, including but not limited to:

House renovations that add value to your home
Dental bills
Car repairs
Your wedding
Debt consolidation
Purchase of new equipment for your home or business

We do not discriminate, and we do our best to find the right loan for anybody in any situation. That’s what we do! Online personal loans with no paperwork are an excellent choice if you are self-employed, a contractor or a freelancer.

What does CashPal do?

We’re glad you asked! CashPal is a licensed lending company. This means we provide the loans ourselves so that you don’t have to speak to multiple lenders. Whether it’s small or large, we pride ourselves on no-fuss, easy applications for online quick cash loans. We specialise in finding the help you need, when you need it. We’ve been in your situation before — frantically searching Google, hoping that the next lender you click on will be the right one. Our mission is to help regular Australians find the money they need fast. We’re here to show you that applying for a personal loan online doesn’t need to be as hard or as complicated as it often is. Our application process is simple, automated and 100% online, saving you time and stress! CashPal also offers highly competitive rates and could have an outcome for you within minutes. Consider these reasons why you should make CashPal your new pal in finance:

We offer lower repayments in comparison to others
Our team are quick thinkers and offer speedy turnarounds
CashPal is stress-free and the whole process can be done from home
We know our staff are experts at what they do
We are on your side and are the pal you can trust!

So, how do I get a fast loan online with no paperwork?

Finding yourself an easy loan with no paperwork just got easier. Here’s how it works.

1
Submit your online application
100% online. Complete your application in minutes and receive a fast assessment from our team.
2
We assess your application
We’ll review your details, verify your information, and determine whether we can offer you a loan.
3
Review and sign your contract
If approved, we’ll send you your loan contract electronically for you to review and sign.
4
Funds sent fast
Once your contract is signed and final checks are complete, we’ll transfer your funds directly to your bank account, often within 1 hour.

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No impact to your credit score

No paperwork loans FAQs

Can I get a no paperwork loan with bad credit?+

If your credit rating is scoring low, it shouldn’t exclude you from being able to take out a loan. As part of our responsible lending practices, we perform the necessary credit checks, but it won’t mean that you’re rejected automatically for having a bad credit score. If you are eligible for a loan application with us, and your current financial capacity allows you to afford the repayments, you can still get approved for a loan. It’s still possible that you could receive same day funds for your personal loan even with bad credit. This means that Centrelink payments may also be OK — as long as you can afford your repayments, fast and instant approval may only be a click away!

How long will I have to wait?+

Instant cash loans online with no paperwork are a possibility! If you’re approved, you’re likely to receive your cash no later than the next working day. If you apply within our regular business hours and meet all the criteria, there’s a chance your no paperwork loan could become an instant cash loan. How great would it be to have the funds transferred to you on the same day, so you can get out there and start making magic happen!

Can I trust CashPal with my information?+

Yes! At CashPal we are serious about security — you can view our Privacy Policy here. We understand that trusting someone online with your personal information can be concerning. We take confidentiality seriously and take all of the necessary steps to protect your data from misuse or unauthorised access, and we protect our computer systems securely. When we no longer need your personal details, we take steps to destroy them from our network. We also will not call your boss when you apply! However, some of our lenders may need to do a quick employment check. Rest assured though that our lenders employ well-trained operators who would never disclose any personal information about you or your application to your employer.

Am I eligible to get a loan from CashPal?

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All that we ask is that you can provide us with the above.

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Confirm all the above to check your eligibility

What are you waiting for?

The application is quick and easy, and we are here to help you every step of the way. We can be contacted quickly with our simple contact form, and no questions go unanswered! So, for a friendly lender service you can trust, apply today and let CashPal help find you the best no paperwork loan possible!