Updated on 3 July 2025 by Steve Stemp – View Author Bio

What Is a Cash Loan?

A cash loan is a small unsecured personal loan designed to help cover urgent expenses like bills, car repairs, or medical costs. Through Cash Today, you can access up to $2,000 from lenders who assess your income and affordability using your 90-day bank statement. We make the process fast, secure, and paperless.

How Fast Can I Get the Money?

If you pass the eligibility check and apply for a low-risk amount (e.g. under $2,000) with no concerning bank activity, you could receive the money within the hour after being approved.

Instant transfers are made to your bank account once you accept the final loan offer. No lines of credit – it’s straight cash.

Who Can Apply for a Cash Loan?

To be eligible, you must:

• Be over 18 and an Australian citizen or permanent resident

• Have a regular income paid into your bank account

• Provide access to your 90-day bank statement via secure online link

• Not be bankrupt

• Not meet any disqualifying conditions (see below)

You can complete the qualification check any time, 24/7.

What are the fees & charges?

Depending on your circumstances, you might be matched with a lender offering a SAAC loan, a Payday Advance Loan, or a no credit check loan. The type of loan you’re eligible for will depend on factors like your income, recent bank statement activity, and repayment affordability.

Each loan type comes with its own fee structure:

• SAAC loans typically include a 20% establishment fee and a 4% monthly fee.

• Payday Advance Loans may involve a flat transaction fee of 5% of the loan amount.

• No credit check loans are generally offered as second chance loans and follow the SAAC fee model.

Exact fees and charges will be shown to you before you proceed, so you can make an informed decision with no surprises.

How Can I Improve My Chances of Fast Approval?

To boost your chances of being approved quickly and receiving funds within the hour:

• Apply for a loan amount under $2,000 — smaller loan amounts tend to be lower risk for lenders and are processed faster.

• Make sure you meet the eligibility criteria — including being over 18, having regular income, and providing accurate contact details.

• Ensure your 90-day bank statement is clean — lenders look favourably on applicants whose statements show:

  • No direct debit dishonours

  • No online gambling transactions

  • No payments to debt collection agencies

  • No wage advance services like Beforepay, Wagetap, MyPayFast, or Wagepay

Having a stable income and avoiding these red flags in your recent banking history can significantly increase your chances of receiving a fast decision and same-day transfer.

Why Was I Declined?

Common reasons applicants aren’t approved:

• Incorrect email or phone number (lender couldn’t reach them)

• Claimed no red flags but bank statement showed disqualifying activity

• Applied too soon after another personal loan

• Already has 2+ payday loans under $2,000

Disqualifying Conditions

If you meet any of these, your application will be automatically declined:

• Opened a personal loan in the last 90 days

• Already has two or more payday loans under $2,000

• Bank statements show online gambling

• Bank statements show payments to debt collectors, arrears, or dishonours

• Recent wage advances (Wagetap, Beforepay, etc.)

• Bankruptcy

Frequently Asked Questions

Do you offer 24/7 cash loans?

Yes – you can complete the eligibility check 24/7. If eligible, you can apply straight away.

Can I get a no credit check loan?

Yes – we offer no credit check loans if you meet income and bank statement criteria.

How fast can I get the money?

Once approved, your funds could be transferred in under an hour. For smaller, low-risk loans, it’s often faster.

Is there a credit check?

Only after you decide to proceed with a lender. If you want a no credit check loan, you’ll be shown that option based on your inputs.

What’s the difference between a small loan and a cash advance loan?

A small personal loan may include interest and various fees over time, while a small cash advance loan has a set upfront fee and is typically repaid by your next payday or over a few pay cycles. It’s a short-term cash flow solution, not a long-term repayment plan.