Need cash fast?

Frequently Asked Questions

Why would I need a short-term cash loan?

Sometimes despite your very best budget planning, you get hit with an unforeseen bill, you need cash to take care of emergency, or an opportunity comes up and you just can't let it pass you by. You may need some extra cash within 24 hours and you don't want the hassle and stress of long application times and piles of paperwork.

Unexpected expenses can arise even with the best budgeting and planning strategies. Perhaps it’s a loan for medical expenses like emergency dental work, or your electricity bill was higher than expected plus the bill came for your car registration all in the same week! Maybe you’ve been tracking along well with your finances and then had an appliance break down. Replacing a white goods product like a fridge, dishwasher, or washing machine can be tricky to cover when you are on a budget.

It could be that your renovation budget has blown out and you need to cover the difference to get the home project complete. What about those opportunities that would save you money long term but you don’t have the funds on hand right to take advantage on short notice, like a sale on flights or accommodation for that overseas holiday you had planned. How about moving expenses - paying bond, rent in advance, hiring a moving truck. There are so many reasons why being able to borrow with a small or medium loan could help you out when you need cash fast.

So what are your options? Cash advances on credit cards come with hefty fees, and you may feel uncomfortable borrowing from family or friends. If you have been searching for instant approval loans because you need cash today, a small online payday loan might be an option you are considering.

Will I get approved?

Wondering about our lending requirements? To be approved for a loan you must be an Australian resident over the age of 18, employed (or receiving Centrelink benefits in some cases), and have your income paid regularly into your bank account.

Applications for cash loans in Australia will consider your credit history. Bad credit may prevent us from being able to approve payday advance loans in Australia.

We love helping out Australians in a bind, but also we take our standards as a responsible lender seriously. If you aren't sure that you can comfortably make repayments for your online payday loan, you can read our warning against borrowing here.

What documents do I have to provide?

We will need to verify your identity and income in order to process any cash loans online. 90 days worth of bank statements will be needed, and we will ask for a copy of your drivers license plus a utility bill that shows your current address.

Is a Cash Today loan right for me?

We help hundreds of people every year get access to fast cash when they need to because we understand that sometimes life is unpredictable!

Before applying for a loan with us, make sure you have explored all of your options. For example you could take another look at your budget, request free financial counseling, or there may be the option for a payment advance from Centrelink if you receive government benefits.

How much does it cost?

Our loans have the following simple fee structure:
20% of principal amount (establishment fee)
+ 4% of principal amount per month

What is your renewal policy?

Cash Today does not offer to renew or refinance loans.

We understand that despite your best intentions, circumstances can change and you might have problems making your repayments. In this case, it's important that you speak with us and let us know what the problem is so that we can work with you to help you meet your obligations. If you do miss a payment or your direct debit fails, you may be charged additional fees or we may take further action. You can view our procedures for non-payment here.

Read more FAQs here...

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About Cash Today

We have been offering short-term credit contracts to Australians since 2006. We operate under the Australian Credit License No: 387137. We are dedicated to offering easy loans quickly but do so only if loan applications are in line with our criteria for responsible lending and the National Consumer Credit Protection Act 2009. You can read more about this here.

While it can be tempting to look to instant approval loans when you need cash today, we want to make sure that our online loans are the right fit for our customers. In automating systems some applications could be declined unnecessarily, such as explainable data from bank statements. Our online application form approvals are done by real people so you can be assured that the application process will take into consideration the most important information for your personal loan.

We are happy to be able to offer a loan status within just a few hours of receiving an completed application form as well as a full summary of fees and charges, and we have hundreds of happy returning customers because of our more personal approach to lending and reputation as a responsible lender.