Payday Loans
Can I get a no bank account verification payday loan?
Don’t want to have to provide bank statement documents? By automatically verifying your income via your online banking, we help you to avoid the hassle of downloading statements and attaching the documents to your application.
Looking for payday loans online with fast approval?
Find out how we keep your data safe and confidential.
Easy Private Application
Applying for an online payday loan alternative is easy and quick. In less than 5 minutes you can apply for a Cash Today loan without providing bank statement documents.
Fast Results
Once your application is completed, our team can approve your loan and make a fast approval decision. You’ll get a response within hours instead of days.
Same Day Cash
When you’ve been approved we will deposit the money into your bank account the same evening with an instant online bank transfer if your application was made before 2pm.
If you’ve been looking for a payday loan that doesn’t require providing the lender with paper or PDF bank statement documents to verify income, you’ll be happy to hear that we can offer an alternative.
Cash Today is one of Australia’s leading lenders, with thousands of satisfied customers and fantastic reviews. We love being able to offer application processes that suit our customers, including the option of automatically verifying your income via your bank instead of going through the hassle of downloading statements and attaching the documents to your application.
If you’ve been looking for lenders that don’t use bank verification as part of their application process, it may be due to concerns about privacy or how your financial data is used or stored. We understand that privacy is important to you, and our team assess every application carefully and with complete confidentiality, including 90 days of bank transactions. We also offer transparent fees, flexible repayments, and same day approvals. Our terms and conditions are simple and easy to understand. There are no unwelcome suprises with a payday loan from Cash Today.
Applying for a short term loan with no bank statement documents couldn’t be easier! In under 5 minutes you can fill out the online application and give permission for an automatic online bank verification. This is a read only copy of bank statements, and this transaction data is not shared. We do not have access to your bank accounts, just the statements themselves. We can’t access your login details, and we do not store this information. The technology for this is designed to be 100% confidential and secure, and is standard practice for loan approvals with most lenders. The information from the bank statements helps us make our approval decision.
If you are a returning Cash Today customer and have changed banks in the last 90 days and can no longer access your previous account, you may be wondering how to apply. In these cases, if you don’t have the ability to provide the full 90 days of statements via automatic verification we can accept bank statement documents that have been stamped and verified as authentic by your previous bank.
When you apply, you’ll be shown all the information you need about fees and repayments so you can make a informed decision that feels right to you. Cash Today is the lender of choice for payday loans with no bank verification for hundreds of return customers each year. We offer outstanding service delivered by real people. We pride ourselves on helping you get money fast when you need it.
Whether you need cash for an unexpected bill, emergency, or opportunity, a fast and easy online loan from Cash Today could get you the money you need when you need it fast.
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 Loans – No Bank Verification from Cash Today
Do you offer no bank check loans?
We do not request access to your bank account when verifying your income. We do however request 90 days worth of bank statements that are provided by your financial institute via automatic online verification. Knowing this beforehand lets you decide how much information you are comfortable sharing before submitting your application.
Does Cash Today offer payday loans for bad credit in Australia?
You may be approved for a short term loan from Cash Today even if you have bad credit for smaller loan amounts of $500 in circumstances where repayments are affordable for you and we can see that you have regular income being paid. We know that life doesn’t always go to plan, and a bad credit rating can happen even with the best intentions. We do offer bad credit short term loans in Australia.
We do also accept Centrelink payments as a form of income and can offer loans to bad credit customers recieving government benefits if you meet the other criteria for responsible lending that we are proud to adhere to in making lending decisions.
How fast are your short term loans?
Once you’ve submitted your online application (this should take you just a few minutes) our friendly team works fast to offer you an approval decision. In contrast to other types of loans, an online loan with us will get you an answer within just hours instead of days. If your application was recieved before 2pm AEST and you are approved for a loan, you’ll be eligible for same day payment processing.
The easy process of electronically depositing the money into your bank account utilises instant bank transfer processes. Please note that bank transfer delays may apply depending on which financial insitiution you bank with.
Payday loans online?
Payday loans online Australia are one of the easier ways to get approved fast for small loan amounts under $2000, however a Cash Today short term loan comes with less risk. An online application process that you can complete on your phone, tablet, or desktop computer will make applying simple, and takes less than 5 minutes. An online application means payday loans – no paper bank statements required.
Are your short term loans online, quick, and easy?
We are not only proud of our reputation as a reliable lender, but proud to offer easy online loan application processes that make it so fast and simple to get approved for a short term loan when you need it.
We guarantee fast approval turnarounds once you’ve submitted our simple online form, and that you will be paid your money fast. If you completed your application before 2pm AEST, the approved loan amount will be electronically deposited into your account that evening.
How is a payday loan different to a personal loan?
A payday loan is a type of lending that offers smaller cash payments such as $100, $250, $500, or larger amounts up to $5000 as a payday advance. This means the application is approved with the understanding that the loan amount will be repayed either with your next pay cheque or split over multiple dates subsequent to getting paid.
Instead of being charged interest, you agree to a set fee structure which includes an establishment fee and a monthly fee, and transparent repayment amounts that are simple to understand. Payday loans are generally applied for when Australians need extra cash that they don’t have the funds to cover right now, but will be able to repay in coming weeks or months. They are a way of accessing fast cash for an emergency, unexpected expense, or even an opportunity that’s arisen.
Do you offer instant weekend loans – Australia?
The weekend is often the time when you need extra cash, especially when your payday is at the start of the week. If you find that you are running a little short due to extra expenses during the week simply submit your online application before 2pm on a Friday to get your loan amount deposited that evening.
I only need a small loan amount. Do you offer small payday loans?
We do offer small short term loans, whether $500 or $1000 loans. You can use our simple instant repayment calculator above to work out what your weekly repayments would be, and view our fully transparent fee structure so that you can work out if a small payday loan from Cash Today is right for you.
A small payday loan is a type of personal loan where only a small amount of extra cash is required temporarily to manage personal finances. The loan duration is only short term until you recieve your regular income at a later date and can repay the loan amount.