Payday Advance Loans
Get an advance today
Need a payday advance loan?
Want an easy cash advance on your paycheque or small payday advance where the money is paid fast?
Need an advance on your pay today but hate paperwork and lengthy application processes?
Our quick and easy payday advance loans could be just what you are after.
Searching for a quick cash advance loan with a simple online application process and fast approval turnaround? A Cash Today payday loan may be the solution you have been looking for if transparent fees, flexible repayments, and same-day approval processes are topping your list of priorities. We pride ourselves on having terms and conditions that are simple to understand and offering payday advance loans with no surprises.
Servicing thousands of payday advance customers since 2006, Cash Today can get you money when you need it fast. Applying couldn’t be simpler! Got a few minutes? Complete our online application on your phone, tablet, or PC and avoid filling out any complicated paperwork. We will provide you with all the details you need to make an informed decision that suits your individual circumstances.
Cash Today has been a trusted lender of choice for payday advance loans for 100’s of returning payday advance customers each year. You’ll find that we approach lending differently, offering real service by a team of real people.
If an unexpected bill has taken you by surprise, you are facing emergency or medical expenses you weren’t expecting, or there’s simply a great opportunity that you can’t say no to, a fast and easy online payday advance loan from Cash Today could get you the cash you need when you need it.
Easy Secure Application
Applying for a payday advance loan is easy and fast. In less than 5 minutes you can apply for a Cash Today payday loan.
Fast Results
Submit your application, and our team can approve your payday advance loan quickly. Get a decision in hours, not days.
Same Day Payments
Once your payday advance loan is approved we deposit the money into your bank account the same day for applications made before 2pm.
At a glance
Simple loan rates & fees
See our simple rates and fees below, and then view more information about rates & fees to work out repayments and total costs for different amounts and terms .
Small loans
Up to $2000
| Small loans (SAAC) | |
| Loan amounts | $500 – $2,000 |
| Loan term | 1 – 12 months |
| Establishment fee | 20% |
| Monthly fee | 4% |
| Interest rate | N/A |
Medium loans
Up to $5,000
| Medium loans (MAAC) | |
| Loan amounts | $2,001 – $5,000 |
| Loan term | 3 – 24 months |
| Establishment fee | $400 |
| Monthly fee | $0-$18 |
| Interest rate | 19% – 48% |
Second chance loans
$500 with no credit check
| Second chance loans (SAAC) | |
| Loan amounts | $500 |
| Loan term | 1 – 12 months |
| Establishment fee | 20% |
| Monthly fee | 4% |
| Interest rate | N/A |
Larger loans
Up to $80,000
| Large loans (personal) | |
| Loan amounts | $5,001 – $80,000 |
| Loan term | 3 – 7 years |
| Establishment fee | $310-$1035 |
| Monthly fee | $0 |
| Interest rate | 7.24% – 19.99% |
*Please note that the figures shown are indicative only and may not include all fees and charges. All applications are subject to assessment.
Applying
Find out how likely you are to qualify for our lower rate loans.
Healthier financial history = access to lower loan rates
- Our competitive personal loan rates are between 7.24% – 19.99% p.a. and our urgent loans are between 19% and 48% p.a.
- The loan rate that you are offered will be dependent on your individual circumstances, loan amount, and the type of loan
- For example, a secured car loan is likely to have lower rates than an unsecured loan with a vague purpose
Great
Good chance of approved for a loan. Likely to qualify for a loan with lowest rates.
Characteristics:
- Credit score: Good (above 600)
- Stable employment or income with clear repayment affordability
- Low Debt-to-Income Ratio (well below 36%)
- Positive Savings History
- Minimal existing loans
- No disqualifying conditions.
OK
May be approved for smaller loan amounts, loan rates may be higher.
Characteristics:
- Credit score: Ok (above 400)
- Recent job changes/ gaps in employment but clear repayment affordability
- Debt-to-Income Ratio approaching 36%
- No new loans in the last 90 days
- No disqualifying conditions.
May not be suitable
Unlikely to approved for a loan over $1,000 or qualify for lower loan rates.
Characteristics:
- Credit score: Low (less than 400) or none
- May have a high debt-to-income ratio (DTI) above 36% or significant outstanding debts
- May have a history of unemployment or frequent job changes
- No disqualifying conditions.
Automatically declined
Will not be approved for a loan.
Characteristics:
- Displays one or more disqualifying conditions.
- Unable to afford repayments
- No regular income
- Risky debt-to-income ratio (DTI) above 60%
Consider improving your financial health and applying at a later date.
Am I eligible for a loan?
If you want to understand whether you are able to be approved for a loan, there are a few things to consider.
Loan requirements
- Proof of Australian residency (utility bill) and regular income
- Driver’s license or other identification (over 18 years of age)
- A read-only 90-day bank statement (via online bank verification)
- Credit check
- Repayment affordability can be established
- No direct debit dishonour transactions in bank statements
Credit check
Credit history
A history of responsible borrowing shows that you’ve paid your bills on time and haven’t maxed out any credit cards.
Credit score
A good credit score is a strong indicator of your creditworthiness and could mean that you are eligible for loans with lower interest rates than another applicant with a less favourable credit score.
Debt-to-income ratio (DTI)
If you have a low debt-to-income ratio (DTI) this is the best position to be in for getting approved for a loan. A great debt-to-income ratio is 3.6 (36%) or less.
The higher your debt-to-income ratio, the less likely you are to be approved. That’s because you will be making repayments on your existing debt, and have less available funds to comfortably make repayments on a new loan. A debt-to-income ratio of 6.0 (60%) or higher is considered risky for lenders.
How to calculate your debt-to-income ratio
Debt-to-income ratio = Total debt divided by total annual gross income
This can be expressed as a number or a percentage.
Resource:
Debt-to-income ratio calculator
Loan amount and purpose
The amount you’re borrowing and what you’ll be using it for can also affect your approval odds.
Generally, smaller loans for specific purposes (like a car repair) are easier to get approved for than large loans with a vague purpose.
Collateral
Some loans, especially larger loans such as home renovation loans or car loans, require collateral. This is an asset the lender can seize if you default on the loan.
Having collateral can improve your chances of getting approved, especially if your credit score isn’t perfect. In some cases it can also qualify you for lower loan rates.
Income and employment
If you have stable full time employemt with income that would allow you to comfortably repay a loan, this makes you most likely to be approved for a loan.
It is still possible to be approved for a loan with part-time employment if your regular expenses are lower and affordability can be established.
Other forms of supplementary income are also considered such as government benefits.
Your total income amount, your employment history, and any other sources of income will be taken into consideration when making an approval decision on a loan application.
Responsible lending
Understanding your individual circumstances
At Cash Today, we understand that unexpected expenses can arise. While we’re here to help you access the cash you need quickly, we’re committed to responsible lending practices. This means we take the time to assess your individual circumstances before offering a loan.
Prioritising your financial well-being
We prioritise your financial well-being and want to ensure you can comfortably manage repayments. We also offer clear and transparent loan terms so you understand the full cost upfront. If alternative solutions like payment extensions or budgeting tools can better address your situation, we’ll be happy to point you in those directions.
Lower rates reward good track records
If you can demonstrate a strong financial track record you are more likely to get approved for personal loans and qualify for lower loan rates. If your income compared to your ongoing expenses shows that you have the ability to comfortably afford higher loan repayments you may be able to get approved for higher loan amounts.
Preventing financial stress
In the event that your financial history reflects more unstable income, a poor credit rating, or a high debt-to-income ratio, your application may be declined if it is determined that repaying the loan would not be affordable and result in further financial hardship for you.
You may only be approved for smaller loan amounts with lower repayments, and you may not qualify for lower rate loans and need to carefully decide whether you are willing and able to accept paying higher rates for the loan.
Protecting your future
It’s important to note that even if you can comfortably afford repayments, your application might not be approved. This is because we assess your financial history to ensure responsible lending. We want to avoid situations where the loan could negatively impact your long-term financial health. This includes missed payments that could damage your credit score and make it harder to access future loans.
Disqualifying conditions
If you display one or more of the following loan disqualifying conditions you are not currently eligible for a Cash Today loan.
- Opened a personal loan in the last 90 days
- Already has two or more payday loans under $2000
- Bank statements in the last 90 days display transactions for online gambling
- Bank statements show payments made to collection companies, payment arrears, or dishonours in the last 90 days
- Bank statements show wage advances such as Wagetap, Wagepay, MyPayFast, Beforepay, in the last 90 days
- Bankruptcy
You should consider seeking alternative options for financial assistance, or delay applying until your 90 day financial history reflects that you are eligible to apply as well as able to comfortably afford repayments.
FAQ: Payday Advance Loans from Cash Today
Cash Today payday advance loans – Centrelink approved?
Payday advance loans for Centrelink income could be approved by Cash Today. We will carefully consider all forms of income in your application the affordability of repayments, and as a responsible lender, we make approval decisions if we assess that you can afford the repayments for your payday advance loan. Payday advance loans with Centrelink income, as well as another form of income such as part-time employment, are considered when we take into account the entire financial picture in making lending decisions.
Payday advance loans online?
Have you been wondering – where can I get a payday advance? Payday advance loans online Australia are one of the simplest ways to get approved fast for payday advance amounts under $5000. An easy online application that you can complete on any device you have handy makes applying simple, and takes just a few minutes. An online application means payday advance loans – no paper bank statements required.
What are payday advance loans?
If you are looking for a payday advance loan, you might opt for one of our loan options for less than $2000. These can be useful if you just need a short term payday advance, in other words you need cash but you can likely repay the amount when your next paycheque comes in. These types of loans are most often used for an unexpected bill you weren’t expecting, for example, a trip to the dentist or a pet needing to go to the vet. What is the difference between an advance loan/payday loan? In simple terms, a payday advance loan is just that – a quick advance of a small amount of cash that will be repaid with your next paycheque, whereas a payday loan could be for a larger amount and repayments over several pay cycles.
Does Cash Today offer instant payday advance loans?
Once you have completed your application, our team works quickly to make a decision on your application, and if approved, the process of electronically depositing the money into your account uses instant bank transfer processes. Bank transfer delays may be applicable depending on which financial institution you bank with.
What are the best payday advance loans?
If you are considering how to choose a payday advance loan from the list of lenders available, check for upfront fees and no hidden costs, a solid reputation and positive reviews, plus an established track record as a responsible and reliable lender. Cash Today is so proud to have helped out Australians that cash fast right when they need it since 2006, and our loyal customers have submitted reviews saying that, in their opinion, we offer the best payday loans in Australia and the friendliest customer service.
We are completely transparent with our fee structure.
Do you provide same day payday advance loans?
Our easy payday advance loans have same day approval provided you complete your application before 2pm AEST. We know that fast payday advance loans are vital when you need money quickly, and we work hard to get you cash when you need it fast.
Quick payday advance loans?
The fastest way to get a payday advance loan is decide on the amount that you want to borrow, and use our simple repayment calculator above to check how much you would be repaying plus the fees you will be required to pay. You can also view our FAQ page to find out more if you require amounts over $1000 up to $5000. Once you’ve decided on an amount that you feel comfortable repaying, the application process takes less than 5 minutes, and you’ll get a decision via email within hours.