Weekend loans

Please present one of the following:

• Australian driver’s licence
• Medicare number
• Australian passport number
• Residence details
• Current address details
• Specifics of your employment and income
• Documentation verifying your recent employment

You must submit a copy of the following documents for all types of employment (full-time, part-time, or casual): your most recent 2 sequential electronic pay stubs, your bank authorisation through a secure portal, or your most recent three months of bank statements. If you are a contractor or self-employed individual, please submit a copy of:

• Bank clearance for the most current assessment notice through a secure portal, or three months’ worth of personal and business bank statements.
• A description of your supplementary earnings, government aid, current loans, and spending.
• If we are unable to reach you, please provide the contact information of a close friend or family member.

The paperwork required is standard and not cumbersome, so you can be sure that the weekend loan application process is as seamless as possible.

It’s understandable to feel overwhelmed by the number of factors that must be considered when applying for and securing a weekend loan. However, CashPal simplifies the process. We are dedicated to making the process of securing a loan as straightforward as possible for you. These are short-term loans, and you can get details about repayments via our website or by speaking with our experts.

CashPal is here to help you get the emergency loan you need, whether it’s for medical expenses, a trip, or anything else that comes up when you need cash fast. If you have any questions or need help, feel free to contact us through email or the online form on the CashPal contact page. If you’d like, you can use the application online to apply for urgent loans right now, and we’ll get back to you immediately with information on how to proceed.

A small loan solves a short-term gap; it is not free money, and it is not right for every situation. Worth asking yourself first:

• Do I actually need this? A short-term loan suits an essential or unexpected cost, not discretionary spending.
• Can I afford the repayments? Check them against your real income and expenses, not your best month.
• Am I borrowing the right amount? Fees are charged on the amount borrowed, so a smaller loan costs less.
• Would another option cost less? If one of the alternatives below fits, use it first.

Why applications get declined. We are required to lend only where repayments are affordable, so an application is most often unsuccessful because:

• The repayments would not be affordable alongside your current commitments
• Income cannot be verified, or is not regular enough to assess
• Recent defaults, an active hardship arrangement, or several short-term loans already running
• Frequent dishonours or overdrawn balances in recent banking history
• Application details do not match the supporting information provided
• The basic criteria are not met — under 18, or not an Australian resident

A decline is not permanent. It usually reflects the last few months of banking history, so applying again after that settles often gives a different outcome.

Alternatives worth trying first. Depending on your situation, one of these may cost you nothing:

• No Interest Loans (NILs) — up to $2,000 for essentials with no interest and no fees, for people on a low income or with a concession card. Call 13 64 57 or visit nils.com.au.
• Centrelink advance payment — if you receive eligible payments, you may be able to draw part of it early, repaid from future payments at no cost. Call 13 17 94 or visit servicesaustralia.gov.au.
• Your provider’s hardship program — energy, water, telco and council bills can usually be put on a payment plan, often with the debt paused, simply by asking.
• Free financial counselling — the National Debt Helpline on 1800 007 007 is free, independent and confidential, and can negotiate with creditors on your behalf.
• Impartial guidance — ASIC’s MoneySmart compares options and explains what each really costs.

CashPal is a trading name of Simple Finance Group Pty Ltd (ABN 70 626 186 418), holder of Australian Credit Licence 509422, and operates as a lender and referral service under Australian credit law. Here’s what that means for you:

Responsible lending obligations — We are required to make reasonable inquiries about your requirements, objectives and financial situation before offering credit. We will not approve a loan we believe is unsuitable or unaffordable for you. These duties come from the National Consumer Credit Protection Act 2009 and ASIC’s responsible lending guidance.

Full cost disclosure — You will see the total amount repayable, every fee and each repayment date before you sign your contract. You are under no obligation to accept an offer.

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. Free, independent financial counselling is also available through the National Debt Helpline on 1800 007 007.

Complaints and dispute resolution — Raise a complaint with our complaints officer at hello@cashpal.com.au and you will receive a final response within 21 days. If you are not satisfied, you can take it to the Australian Financial Complaints Authority (AFCA) on 1800 931 678 or at afca.org.au at no cost to you. See our dispute resolution policy.

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, contact the Office of the Australian Information Commissioner (OAIC).