Borrow $2,001–$5,000 anytime – same-day assessments, Funds available same day for eligible applicants
Borrow $2,001–$5,000 anytime – same-day assessments, Funds available same day for eligible applicants
Your credit history is one part of your financial circumstances. MyCashOnline considers a range of factors when assessing an application, including your income, expenses, existing commitments and ability to repay.
You can apply for $2,001–$5,000, with repayment terms of 3–18 months, subject to assessment and approval. A poor credit history may affect whether we can offer you a loan, the amount available and the interest rate offered. Approval is not guaranteed.
| Feature | Details |
|---|---|
| Loan amounts | $2,001–$5,000 |
| Minimum repayment term | 3 months |
| Maximum repayment term | 18 months |
| Maximum APR | 48% p.a. |
| Interest rate | Fixed for your loan, based on your risk profile |
| Repayment frequency | Weekly, fortnightly or monthly, as agreed |
| Security | Loans may be unsecured or secured by a registered vehicle |
Your approved amount, interest rate and repayment term depend on our assessment of your financial circumstances. Before accepting an offer, you will receive the applicable rate, fees, repayment schedule and total amount payable.
| Fee | Amount |
|---|---|
| Establishment fee | $400 |
| Default fee | $27 per missed scheduled payment |
| Rescheduling fee | $15 per scheduled payment rescheduled |
Default and rescheduling fees apply only in the circumstances specified in your loan contract. They are excluded from the example below, which assumes all repayments are made as scheduled.
For a $3,000 loan over 12 months:
| Item | Amount |
|---|---|
| Annual interest rate | 48.00% p.a. |
| Establishment fee | $400 |
| Total interest | $908.37 |
| Total borrowing cost, including establishment fee | $1,308.37 |
| Total amount repayable | $4,308.37 |
| Repayments | Approximately $165.70 per fortnight over 26 instalments, with a final rounding adjustment |
| Comparison rate | 65.4962% |
This example is indicative. Your actual repayments and total borrowing cost depend on your approved interest rate, repayment term and repayment dates.
Comparison rate warning: The comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
We consider your financial circumstances rather than relying on your credit score alone. Our assessment includes your income, living expenses, existing debts and repayment commitments, supported by relevant documents.
Having bad credit does not guarantee a decline or an approval. We must assess whether the proposed loan is suitable and whether you can afford the repayments.
Applications can be submitted online anytime and are assessed during business hours. Same-day funding may be available for eligible applicants, depending on approval, completion of documentation and bank processing times. Approval and same-day payment are not guaranteed.
If you are already struggling with bills or existing debts, consider whether taking on another repayment would increase financial pressure. You may wish to discuss payment arrangements or hardship assistance with your current providers before applying.
A longer repayment term may reduce each instalment but increase the total interest payable.
Yes. You can submit an application, but approval depends on our lending criteria and assessment of your financial circumstances and ability to repay.
It may affect whether a loan is available, the amount offered and the applicable interest rate. Your credit history is considered alongside other financial information.
This page does not offer a no-credit-check loan. Applications are subject to verification and assessment, which may include obtaining credit-reporting information in accordance with our privacy disclosures and your consent where required.
No. Even where vehicle security is available, we still assess your circumstances and ability to meet the repayments.
We do not guarantee that taking out a loan will improve your credit rating. Consider the borrowing cost and repayment obligations before applying.
Contact us promptly to discuss your circumstances and available hardship assistance. Default or rescheduling fees may apply as specified in your loan contract.
Phone: 1300 998 868
Email: admin@mycashonline.com.au
All applications are subject to assessment and approval. Actual loan amounts, rates, terms and repayments depend on your individual circumstances.
