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Payday Loans

Hit with an unexpected expense mid pay cycle? Bridge the gap with a payday loan.

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Hassle-free repayments
Online loan applications
No hidden fees and charges
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Why get a payday loan with us?

Easy loan application

Say goodbye to manual loan processes. Your application takes just minutes to complete.

Inclusive lending

We'll give you a go. For over 20 years, Cash Train has provided loans for people from all walks of life.

Fast approval process

Get your loan sooner. With streamlined approvals, you could get the money you need when you need it most.

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Check out our 5 Star reviews

Payday came early for some happy customers
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Eligibility

As a responsible lender, we strive to match our customers with the right loan for their financial situation.

To be eligible for a payday loan, you must:

Receive a regular income (including Centrelink payments)
Be an Australian resident
Be at least 18 years old or over

Existing customers can benefit from a faster borrowing process. As your trust rating improves, you may borrow more money with any subsequent loan - as long as you meet loan payments, the loan meets your requirements and objectives and repay your loan in full, on time and can afford the higher amount.

Our loan application process

Swift, simple, secure. Take out a loan with Cash Train in 4 easy steps.

Apply online in minutes

Apply for a payday loan anywhere, at any time. Simply answer some questions, provide your bank details and press submit.

Get your loan offer

Get your conditional loan offer* which outlines the terms of your payday loan while you wait for final approval.

Receive your loan approval

Our dedicated team will gather and review any additional information to provide you with a lending decision as quickly as possible.*

Get your money fast

Once approved, we will transfer your payday advance loan directly to your bank account within 30 minutes via an instant funds transfer.**

What can I use a payday loan for?

Payday Loan FAQs

What is a payday loan?

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 their next payday.

Repayments are generally made over 3 to 12 months in fixed instalments, on their 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.

What is a personal loan?

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.

How do payday loans work?

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.

How do I repay my loan?

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.

Can I make weekly repayments?

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.

Can I get approved if I have bad credit?

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!

Is a payday advance a good idea?

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

How much can I borrow with Cash Train?

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.

Why should I choose Cash Train?

Cash Train offers:

  • 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 cash loans and personal loans to suit different borrowing needs
  • No credit checks for loans under $2,000

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

Learn more about us.

How long does it take to get approved?

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.

Can I apply if I receive Centrelink payments?

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.

Are there any hidden costs?

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.

What if I can’t afford my repayments?

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

Can I take out another loan while repaying my current loan?

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.

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Definition & Features

Application fee

A fee that is charged when you apply for a loan and your loan is approved.

Extra repayments

Extra repayments are made after the establishment of the loan and could help reduce fees and repayment term.

Loan use

The conditions for use of loan. Our loans can not be used for general living expenses such as rental payments or grocery costs.

Loan term

The length of the loan. Short-term loans often have lower monthly fees whereas longer loans have lower repayments and higher rates.

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Rates, fees, and limits

Fees
Establishment fee:
20%
Monthly fee:
4%
Early repayment fee:
$0
Limits
Minimum loan amount:
$200
Maximum loan amount:
$2,000
Minimum loan term:
10 weeks or 3 months, depending on your payment frequency
Maximum loan term:
12 months

Example loan costs

Borrow
Costs
Repay
$500
$160
$660
$1,000
$320
$1,320
$1,500
$480
$1,980
$2,000
$640
$2,640

EXAMPLE: Our Cash Loans incur a 20% Establishment Fee and a 4% monthly fee, based on the amount borrowed. For example, a small loan of $1,000 over 3 months has fees and charges totalling $320 (1 x $200 + 3 x $40), resulting in a total repayment of $1,320. The minimum loan term is 2 months and a maximum of 12 months. An APR (Annual Percentage Rate) does not apply to Cash Loans.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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© 2025 Cash Train (Online Loans Pty Ltd) | ABN 62 102 154 781 | Australian Credit Licence 389 189

© 2025 Cash Train Branches (Branch Loans Pty Ltd) | ABN 28 114 540 797 | Australian Credit Licence 389 268