Personal Loans, Apply Online & Same Day Funds
Apply For Quick Cash Loans in Minutes. We'll Do The Rest.
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
Borrow $500 to $2,000. Low doc requirements. 100% online application. Funds sent via Osko — often the same day you apply.
When you need to borrow money for a planned cost or an unexpected expense, a personal loan from CashPal gives you a fixed amount, a clear repayment schedule, and the certainty of knowing exactly what you’ll pay — before you sign a thing.
CashPal is a direct lender, licensed under Australian credit law. We assess and fund every loan in-house, which means no broker delays, no bouncing between multiple lenders, and no duplicate forms. Our application is 100% online, takes around 5 minutes to complete, and comes with low documentation requirements so you can apply quickly from your phone or computer.
Trusted by over 550,000 Australians since 2018, CashPal has a 4.8-star rating on Google and a perfect 5/5 on both Facebook and Product Review. For approved applications, funds are typically sent the same business day via Osko — often within an hour of signing your contract.
What is a personal loan?
A personal loan is an unsecured credit contract that gives you access to a fixed amount of money, which you repay in regular instalments over an agreed term. Unlike a credit card or line of credit — where the amount you owe fluctuates — a personal loan has a defined start and end date, fixed repayments, and a transparent total cost set out from day one.
At CashPal, personal loans are available from $500 to $2,000, with flexible repayment terms. They are unsecured, meaning you don’t need to offer any asset — such as a car or property — as collateral.
Personal loans are distinct from short term loans primarily in their use case: personal loans suit planned, essential, or larger one-off costs where you want the structure and certainty of a fixed repayment plan.
What can you use a personal loan for?
Essential vehicle repairs
When your car breaks down and you need it running to get to work, a personal loan gives you fast access to funds to cover the mechanic’s bill. See our dedicated car repair loans page for more.
Rental bond and moving costs
Securing a new rental property in Australia typically requires a bond of four to six weeks’ rent — often due before your current bond is returned. A personal loan can cover the shortfall. See our rental bond loans page.
Medical and dental expenses
Out-of-pocket medical costs — from specialist appointments and procedures to dental work — can arrive without notice. Our dental loans page covers dental-specific borrowing in more detail.
Education and professional development
Course fees, textbooks, certifications, or short training programs. See our student loans page for education-specific information.
Home renovations and repairs
Smaller renovation projects, urgent repairs, or essential appliance replacements. See our renovation loans page.
Debt consolidation
Rolling multiple high-interest debts — such as credit card balances or small personal debts — into a single personal loan with a fixed repayment schedule can simplify your finances and potentially reduce your total interest cost.
Travel and unexpected family costs
Last-minute flights, emergency travel, or family circumstances that demand immediate financial outlay. See our holiday loans page for travel-related borrowing.
Covering gaps between pay cycles
If you need to bridge a shortfall before your next payday, a same day loan or payday loan may also be worth reviewing alongside a personal loan.
Personal loans vs other loan types — what’s the difference?
Understanding how personal loans compare to other common credit products helps you choose the right option for your situation. A personal loan is best when you need a defined amount for a specific purpose and want the discipline of a fixed repayment plan with a clear end date.
| Feature | CashPal personal loan | Credit card | Buy now pay later |
|---|---|---|---|
| Loan amount | $500 – $2,000 | Varies | Usually under $1,000 |
| Repayment structure | Fixed schedule, set end date | Revolving, minimum payments | Instalment-based |
| Total cost transparency | Full cost shown before signing | Interest accrues on balance | Fees can vary |
| Application | 100% online, fast | Bank-based, may require branch | App-based |
| Credit check | Yes (responsible lending) | Yes | Sometimes no |
| Suited for | One-off, planned or urgent costs | Ongoing everyday spending | Retail purchases |
Eligibility requirements for a personal loan with CashPal
Apply for a personal loan
It takes around 5 minutes
Apply nowConfirm all the above to check your eligibility
CashPal welcomes applications from people receiving Centrelink payments as part of their income. Visit our Centrelink loans page for details on how benefit income is assessed.
Applicants with casual employment or a new job are considered — additional documents may be requested to confirm income stability and hours.
Documents you’ll need to apply
CashPal keeps documentation requirements low — have the following ready before you start. Your bank data is accessed via a secure, read-only link: we can view your transactions and balance to verify income and expenses, but we cannot move money or make any changes to your account.
| Requirement | What we look for | Tip |
|---|---|---|
| Photo ID | Current Australian government-issued photo ID | Ensure the name matches your bank account |
| Bank statements | Last 3 months from your main transaction account | Provided via secure read-only bank connection — no manual upload needed in most cases |
| Income records | Recent payslips or other income evidence | Casual or new employment may require extra documentation |
| Contact details | Mobile number and email you actively use | Keep your phone nearby for any verification codes |
How to apply for a personal loan with CashPal
- 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.
No impact to your credit score
What speeds up — or slows down — approval
Personal loan costs — what you’ll pay
CashPal’s fees follow Australian credit law. All costs are disclosed clearly in your loan contract before you sign. There are no hidden fees and no early repayment penalty.
Small amount credit contracts (SACCs) — $500 to $2,000
| Fee | Cap under Australian law |
|---|---|
| Establishment fee | Up to 20% of the loan amount |
| Monthly fee | Up to 4% of the loan amount per month |
| Early repayment fee | Nil |
| Default fee | Disclosed in contract |
Medium amount credit contracts (MACCs) — $2,001 to $5,000
These are the regulated maximum caps set under the National Consumer Credit Protection Act 2009. CashPal discloses the exact fees applicable to your loan before you accept. Use the MoneySmart personal loan calculator to estimate total repayment costs before you apply.
| Fee | Cap under Australian law |
|---|---|
| Establishment fee | Up to $400 |
| Annual interest rate | Up to 48% p.a. |
| Early repayment fee | Nil |
| Default fee | Disclosed in contract |
Personal loans for bad credit
One of the most common concerns for Australian borrowers is whether a past financial difficulty will prevent them from accessing a personal loan.
CashPal’s approach is different from traditional banks. We consider your current financial position — not just a credit score from years ago. Our assessment focuses on:
- Your current regular income
- Your recent banking behaviour and spending patterns
- Your existing commitments and ability to meet new repayments
- The suitability and affordability of the loan for your situation right now
A prior default, missed payment, or period of financial difficulty will not automatically rule you out. We still apply responsible lending obligations to ensure any loan we offer is genuinely affordable for you.
For more information on applying with an adverse or limited credit history, see our poor credit loans and no credit check loans pages.
Your rights and protections as a borrower
CashPal operates as a licensed credit provider under Australian law. Here’s what that means for you:
Responsible lending obligations — We are required by law to make reasonable inquiries about your requirements, objectives, and financial situation before offering any credit. We will not approve a loan we believe is unsuitable or unaffordable for you.
Full cost disclosure — You will see the total amount repayable, all fees, and every repayment date before you sign your contract. You are under no obligation to accept an offer.
Credit reporting — A credit enquiry will be recorded with a credit reporting body (Equifax, Experian, or illion) when you apply.
Hardship support — If your circumstances change after taking out a loan, contact us as early as possible. Hardship support may be available under the National Credit Code.
Complaints and dispute resolution — If we cannot resolve a complaint together, you can contact the Australian Financial Complaints Authority (AFCA) on 1800 931 678 or at afca.org.au.
Regulatory oversight — CashPal is regulated by the Australian Securities and Investments Commission (ASIC). You can verify our credit licence on the ASIC registers. For privacy matters, visit the Office of the Australian Information Commissioner (OAIC).
Responsible borrowing — what to consider before you apply
Before taking out any personal loan, ask yourself:
- Do I need this loan? A personal loan is most suitable for essential, planned, or unexpected necessary costs — not discretionary spending.
- Can I afford the repayments? Review your income and regular expenses honestly. Use CashPal’s loan calculator to check what repayments would look like against your budget.
- Is the loan amount right? Borrow only what you need. A smaller loan means lower total fees.
- Is my timing right? Applying during business hours on a weekday gives you the best chance of same-day funding.
If you’re in financial difficulty or unsure about your options, free help is available:
- National Debt Hotline: Call 1800 007 007 for free, independent, confidential financial counselling anywhere in Australia
- MoneySmart: Visit moneysmart.gov.au for impartial guidance on managing debt and comparing loan products
- Centrelink Advance Payments: If you receive government benefits, you may be eligible — call 13 17 94 or visit servicesaustralia.gov.au
- No Interest Loan Scheme (NILS): Available to eligible low-income earners and Health Care/Pension Card holders — visit Good Shepherd
Warning: It can be expensive to borrow small amounts of money and borrowing may not solve your money problems. This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.
Other CashPal loan products
Need something more specific? CashPal offers a range of loan products designed around different needs and timeframes:
- Short Term Loans — $500–$2,000 over flexible repayment terms for urgent needs
- Same Day Loans — Apply and receive funds the same business day
- 1 Hour Loans — Osko transfer, funds often within 60 minutes of signing
- Emergency Loans — For unexpected bills, repairs, and crises
- Fast Cash Loans — Speed-focused access to cash
- Centrelink Loans — For applicants receiving government benefits
- Bad Credit Loans — Assessed on current situation, not just credit history
- No Credit Check Loans — Income and expense focused assessment
- Payday Loans — Bridge the gap before your next pay date
- Cash Loans — Simple, direct access to funds
- Urgent Loans — When every minute counts
- Online Loans — 100% digital, apply from anywhere
- Small Cash Loans — Smaller amounts for minor but urgent expenses
- Weekend Loans — Available outside standard business hours
Frequently asked questions about personal loans
What is a personal loan?+
A personal loan is an unsecured credit contract with a fixed loan amount, set repayments, and a clear end date. At CashPal, personal loans range from $500 to $2,000, repaid with flexible repayment terms, with assessment focused on your current income and expenses.
How much can I borrow with a personal loan from CashPal?+
You can borrow between $500 and $2,000. The amount approved depends on your income, regular living expenses, and overall financial situation.
Can I get a personal loan with bad credit?+
Yes, in many cases. CashPal looks at your current income, recent banking behaviour, and affordability — not just a credit score. A past default will not automatically exclude you. Serious or very recent credit issues may still affect the outcome.
How fast will I get the money?+
For approved applications submitted during business hours, funds are typically sent the same business day via Osko — often within 1 hour of signing your contract, subject to your bank’s processing times and policies.
Are CashPal personal loans secured or unsecured?+
They are unsecured. You do not need to offer any asset as security to apply or be approved.
What documents do I need?+
Government-issued photo ID, 3 months of bank statements (provided via secure read-only connection), and recent payslips or income records. Additional documents may be requested for casual employment or Centrelink income.
Can I repay early?+
Yes. There is no early repayment fee. Any applicable interest or monthly fees are recalculated to your actual payout date, which may reduce the total cost of your loan.
What are the fees?+
For loans $500–$2,000 (SACC): establishment fee capped at 20%, monthly fee capped at 4%. For loans $2,001–$5,000 (MACC): establishment fee capped at $400, interest capped at 48% p.a. All fees are disclosed in your contract before you sign.
What happens if I can’t repay?+
Contact CashPal immediately. Hardship support may be available under the National Credit Code. Late payments can attract fees and may be reported to credit bureaus. Free financial counselling is available via the National Debt Hotline: 1800 007 007.
Is CashPal licensed?+
Yes. CashPal is a trading name of Simple Finance Group Pty Ltd (ABN 70 626 186 418), holder of Australian Credit Licence 509422, regulated by ASIC under the National Consumer Credit Protection Act 2009.
CashPal (Simple Finance Group Pty Ltd | ABN 70 626 186 418 | ACL 509422) is a direct lender regulated under the National Consumer Credit Protection Act 2009. All loans are subject to responsible lending assessment. The information on this page is general in nature and does not constitute financial advice. Consider seeking independent advice if you are unsure whether a personal loan is right for your circumstances.
Apply for a personal loan today
Ready to apply? CashPal’s online application takes around 5 minutes to complete. Get a fast decision, a transparent loan offer, and funds in your account — often the same day.
- MJ
- KZ