Payday Loans

A payday loan (or payday advance) is a type of unsecured personal loan that lets you borrow money before your next payday. Payday loans are specifically designed to help with urgent expenses, before your next payday.

Repayments are generally made over 3 to 12 months in fixed instalments, on your pay day, each week, fortnight or month. For loan amounts up to $2,000.

While they typically charge higher fees than other forms of short-term lending, they’re often for small amounts intended to help with immediate financial fixes, rather than long-term financial solutions.

Learn more about our fast cash loans.

A personal loan from Cash Train, is a medium-sized loan from $2,001 to $4,600, with longer repayment terms of 13 to 15 months. These loans are generally unsecured and are available to borrowers who meet our affordability criteria.

Learn more about our personal loans.

If you need cash, but your next payday isn’t for two weeks, Cash Train could give you a loan. If approved, you could borrow from $200 to $2,000 and receive the money in your bank account within 30 minutes of approval.**

Your payment obligations will start on your next pay day, usually in equal instalments, until you've repaid the total loan amount along with any fees.

Your loan repayments will be automatically direct debited from your bank account on the agreed repayment dates, so you don’t have to worry about missing them.

If you find yourself unable to repay your payday loan on time, don't panic. Just contact Cash Train as soon as possible, and we'll work with you to create a repayment plan that’s suitable. We want to help you avoid additional fees and charges, so the sooner you get in touch, the better.

Depending on the frequency of your pay cycle, your payments will be set up over 10 weeks or 3 months. If you are paid weekly, you will have 10 weekly payments, if you are paid fortnightly you will have 5 fortnightly payments, and if you are paid monthly, you will have 3 monthly payments.

Unlike most payday lenders, who require lump sum payment on your next payday or within 1 month, Cash Train spreads your loan over a longer period, making your scheduled repayments smaller, more affordable and easier to manage.

Yes, you could! At Cash Train, we understand that not everyone has a perfect credit history. Life happens, and we aim to help people who may have had financial difficulties in the past.

We assess applications based on your current ability to repay, rather than just your credit score. This means:

• If you have a stable income (including wages or Centrelink payments), you may still be eligible.
• We review your bank statements to check that you can afford repayments without causing financial stress.
• If you have defaults or missed payments on your credit file, this does not automatically disqualify you.
• No credit check is required for loans up to $2,000. For personal loans above $2,001, a credit check may be conducted.

Even if you’ve been declined by banks or other lenders, you may still qualify for a loan with bad credit, provided the repayments are affordable for your situation - we'll give you a go!

There is no definite answer to whether a payday loan is suitable for you, as it depends on your personal financial situation. Advance loans on your pay can be a helpful way to bridge the gap between paydays or cover unexpected expenses.

Cash Train offers two types of loans:

• Cash Loans (Payday Loans): $200 to $2,000 (3 to 12-month terms)
• Personal Loans: $2,001 to $4,600 (13 to 15-month terms)

The amount you could borrow depends on your financial situation and affordability. When assessing your application, we consider:

• Your income and expenses to ensure loan repayments are manageable
• Your regular financial commitments (e.g., rent, bills, and other loans)
• Your ability to comfortably repay the loan without causing financial hardship

Our responsible lending process ensures that the loan amount is suitable for your budget while giving you access to the funds you need.

Cash Train's payday loans offer:

• Fast online applications with same-day funding possible
• Fair lending options even for those with bad credit or Centrelink income
• No hidden fees and no early repayment penalties
• Both fast cash loans and personal loans to suit different borrowing needs
• No credit checks for loans under $2,000 (SACCs or payday loans)

We'll give you a go, across Australia - fast!

Learn more about us.

Most applications are processed within one business day, and if approved, funds can be transferred the same day in many cases.

We offer NPP Instant Transfers, which means:

• Once your loan is approved and the contract is signed, funds can be transferred to your bank account within 30 minutes**.
• NPP (New Payments Platform) allows for faster bank-to-bank transfers, so you don’t have to wait hours or days for your money.
• The actual transfer time depends on whether your bank supports NPP payments. If your bank doesn’t support NPP, standard bank processing times may apply.

This ensures that you get access to your cash as quickly as possible when you need it most.

Learn more about our fast cash loans.

Yes! Cash Train welcomes applications from people who receive Centrelink payments as their primary or supplementary income.

To be eligible for a Centrelink Loan, you must:

• Receive regular Centrelink payments (such as Age Pension, Disability Support Pension (DSP), Family Tax Benefits, or Carer’s Allowance).
• Have enough income after covering your regular expenses to comfortably afford repayments.
• Provide 90 days of bank statements, so we can assess your ability to repay the loan responsibly.

100% Centrelink income is acceptable - meaning you may still qualify even if Centrelink is your only source of income.

No. All fees are clearly outlined in the loan contract, before you accept the loan offer. There are no hidden charges or early repayment penalties - see our loan costs.

If you're struggling, contact us at Cash Train immediately to discuss any adjustments we can make, depending on your circumstances.

It depends on your financial situation. We assess each application based on your ability to manage repayments responsibly.

Due to an emergency or unexpected expense, you can apply for an additional emergency loan, but approval will depend on:

• Your current repayment history (whether you're making payments on time).
• Your income and expenses to ensure you can afford another loan without financial strain.
• Whether your existing loan balance allows for a new loan under responsible lending guidelines.

If you need extra support, contact our team to discuss your options that best suit your situation.