Will I get approved for a loan?

We get it. You need cash fast. 

 

But you also don’t want to apply for a loan if you aren’t going to be approved.

That’s why we put together this simple one-minute quiz so that you can see how likely your application is to be successful.

While a Cash Today loan application is very quick and easy, please be aware that you will be asked to provide:

  • Proof of identification and residential address
  • Permission to validate repayment affordability from 90 days of read-only bank statements via your online banking platform
  • A credit check (unless opting for no-credit-check loans)

Before you go ahead with an application, simply follow the prompts below to quickly check if you are likely to be approved or declined based on your individual circumstances.

This quiz will not ask for any private information to be provided, such as name or address. It is not a loan application, it is for informational purposes only. We designed this quiz to help you decide whether a Cash Today loan application could be helpful when you want to secure a short-term cash advance. 

Income

 

Which of the below options best describes your income type?

Paid employment
Paid employment + government benefits
Government benefits only

Paid employment

 

Are you happy to have a credit check performed?

(Note: Opting for a no-credit-check loan may reduce your chances of being approved for a loan.)

Credit check ok
I don't want a credit check

Paid employment + credit check

 

Do you have more than two outstanding payday loans, or payment reversals in your bank statements within the last 90 days?

Yes
No

Paid employment + credit check ok
Less than two outstanding payday loans + no reversals

 

You have a good chance of being approved for a payday loan, if you apply for a loan amount that is affordable for you.

Cash Today assesses your income minus your expenses to determine whether you can afford to repay a loan. 

”How

Repayment affordability

 

One of the most critical factors for being approved for a payday loan is the affordability of repayments.

For a payday loan to be approved, we would need to see that:

 

1: Your income exceeds your regular expenses

2: The amount left over at the end of the week is more than your payday loan repayments

3: Making your payday loan repayments would not create undue financial stress for you

 

You can use the repayment estimate tables below to get an idea of how much your repayments would be for different loan amounts.

 

Example: Specific amount

Let’s say you have an unexpected bill that totals $1000.

You earn $1500 a week, and your expenses are $1200 a week. After expenses, you have $300 left each week.

Using the repayment table below, you can see that if you opt for a 1-month term, the repayments would be $310 a week, and therefore not affordable for you.

However, if you opt for a 3-month loan term, the repayments would be $102, and may be affordable for you.

 

*Note: Repayment amounts are indicative only. Cash Today returning customers have a $500 loan amount with a 5-week term maximum only. Loans through our referral partners can be up to $2000 and longer loan terms.

 

Repayment timeframe: 1-4 months

MONTHS 1 month 2 months 3 months 4 months
WEEKS 4 weeks 9 weeks 13 weeks 17 weeks
Amount Total Weekly Total Weekly Total Weekly Total Weekly
$100 $124 $31 $128 $14 $132 $10 $136 $8
$250 $310 $78 $320 $36 $330 $25 $340 $20
$500 $620 $155 $640 $71 $660 $51 $680 $40
$750 $930 $233 $960 $107 $990 $76 $1,020 $60
$1,000 $1,240 $310 $1,280 $142 $1,320 $102 $1,360 $80
$1,250 $1,550 $388 $1,600 $178 $1,650 $127 $1,700 $100
$1,500 $1,860 $465 $1,920 $213 $1,980 $152 $2,040 $120
$1,750 $2,170 $543 $2,240 $249 $2,310 $178 $2,380 $140
$2,000 $2,480 $620 $2,560 $284 $2,640 $203 $2,720 $160

 

Repayment timeframe: 5-8 months

MONTHS 5 months 6 months 7 months 8 months
WEEKS 22 weeks 26 weeks 30 weeks 35 weeks
Amount Total Weekly Total Weekly Total Weekly Total Weekly
$100 $140 $6 $144 $6 $148 $5 $152 $4
$250 $350 $16 $360 $14 $370 $12 $380 $11
$500 $700 $32 $720 $28 $740 $25 $760 $22
$750 $1,050 $48 $1,080 $42 $1,110 $37 $1,140 $33
$1,000 $1,400 $64 $1,440 $55 $1,480 $49 $1,520 $43
$1,250 $1,750 $80 $1,800 $69 $1,850 $62 $1,900 $54
$1,500 $2,100 $95 $2,160 $83 $2,220 $74 $2,280 $65
$1,750 $2,450 $111 $2,520 $97 $2,590 $86 $2,660 $76
$2,000 $2,800 $127 $2,880 $111 $2,960 $99 $3,040 $87

 

Repayment timeframe: 9-12 months

MONTHS 9 months 10 months 11 months 12 months
WEEKS 39 weeks 43 weeks 48 weeks 52 weeks
Amount Total Weekly Total Weekly Total Weekly Total Weekly
$100 $156 $4 $160 $4 $164 $3 $168 $3
$250 $390 $10 $400 $9 $410 $9 $420 $8
$500 $780 $20 $800 $19 $820 $17 $840 $16
$750 $1,170 $30 $1,200 $28 $1,230 $26 $1,260 $24
$1,000 $1,560 $40 $1,600 $37 $1,640 $34 $1,680 $32
$1,250 $1,950 $50 $2,000 $47 $2,050 $43 $2,100 $40
$1,500 $2,340 $60 $2,400 $56 $2,460 $51 $2,520 $48
$1,750 $2,730 $70 $2,800 $65 $2,870 $60 $2,940 $57
$2,000 $3,120 $80 $3,200 $74 $3,280 $68 $3,360 $65