Same Day Loans
Get ahead of your expenses early with a same day loan today. If approved, you could get your money in just a few hours.*
Why get a same day loan with Cash Train?
Easy loan application process
Our application process takes minutes! To begin, answer a couple of quick questions and provide your bank account details.
Same day approvals
If you apply before 3 pm, our team will typically process your loan on the same day. Plus, if everything goes smoothly, you could get same day approval.
Responsible lenders
Feel confident you're getting the best deal possible with transparent fees, competitive rates and reliable support.
Eligibility
As responsible lenders, our priority is ensuring our same day loans are affordable and suitable for your financial situation.
To be eligible, you must:
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 online application process
Ready to start your same day loan application? Here's what to expect.
Apply online
Fill out your application form in just a few minutes from the comfort of your home, on the train, in the office or at one of our Branches.Get your loan offer
We'll reach out with your loan offer which outlines the terms of your cash loan while we assess the final outcome of your application.Receive your loan approval
Our team is dedicated to balancing speed with a fair decision. Most customers will receive approval in just 1 business day and we’ll let you know as soon as possible.*Get your money fast
Once your loan is approved, you could get the cash transferred to your nominated bank account with 30 minutes of approval via an instant funds transfer.**What can I use a same day loan for?
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.
Rates, fees, and limits
Why our customers love us
Learn why we're one of Australia's trusted lenders.Example loan costs
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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Frequently Asked Questions
What are same day loans?
A same day cash loan can come in handy when you are met with unexpected situations – such as emergency car repairs or urgent travel.
Subject to meeting our lending criteria, Cash Train's same day loans allow customers to borrow a small amount of money and receive it quickly for you to make urgent payments. The borrower will then repay the loan amount, plus fees over an agreed repayment period.
How long does it take to get approval for a same day loan?
We understand that our same day loan customers often require immediate financial assistance. While we make every effort to approve eligible applicants on the same day they apply, we can't guarantee that every loan will be approved on the same day.
For example, if you submit your application outside of normal business hours (e.g., after 3 p.m.), your loan request will not be reviewed until the following day. Also, due to some banks’ processing times, it can take 1-2 working days for the funds to become available and enter your bank account.
Are same day cash loans safe?
Yes! We pride ourselves on offering those in financial need access to regulated credit products with extensive consumer protections. Cash Train's same day loans are not designed to be a long-term financial solution; they are intended to provide eligible customers with urgent money to cover unexpected expenses.
Check out our same day loan costs to make sure you understand the total repayable and relevant interest charges.
How much could I borrow?
With a same day Cash Loan, you could borrow up to $2,000 with a maximum loan term of 12 months. With our Personal Loans, you could borrow a higher amount at up to $4,600 with a maximum loan term of 15 months.
Can I get a same day loan if I have a bad credit history?
Cash Train is committed to giving our customers a go, even if other financial institutions have refused them. We understand people’s current circumstances are not always indicative of their credit history and we assess each loan application on a case-by-case basis.
Customers with a bad credit history can still be considered for our same day loans, as long as they are eligible and can comfortably repay the loan.
How do I pay off a same day loan?
To help you avoid missed payments and additional fees, your loan repayments will be set up automatically via direct debit with the funds digitally transferred to us from your bank account on the agreed repayment dates. Depending on your loan terms, we can align your loan repayments with your pay cycle. For example, if your pay day is at the end of each month, you could make monthly repayments.
Check out our same day loans costs to make sure you understand your monthly repayment amount. If you think you may run into difficulty, contact our friendly team.