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
An unexpected expense can put pressure on your budget. MyCashOnline offers personal loans from $2,001 to $5,000, with repayment terms of 3–18 months, subject to assessment and approval.
Apply online without visiting a branch. If approved, funds are transferred to your nominated bank account after the required documentation is completed.
Same-day funding may be available for eligible applicants, depending on assessment, approval and bank processing times. Approval and immediate payment are 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 income, expenses, existing commitments and ability to repay.
| 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 loan offer will set out your actual interest rate, fees, repayment schedule and total amount payable before you accept.
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.
Applications can be submitted online anytime and are assessed during business hours. Missing information, additional verification or bank processing may delay funding.
Consider whether the repayments fit your budget alongside living expenses and existing debts. Review both the regular instalment and the total borrowing cost before accepting an offer.
A longer repayment term may reduce each instalment but increase the total interest payable.
A cash loan is a personal loan that provides funds to an approved borrower, repaid through scheduled instalments. With MyCashOnline, funds are transferred to your nominated bank account rather than provided as physical cash.
You can apply for $2,001–$5,000. The amount approved depends on our assessment of your financial circumstances and ability to repay.
Available repayment terms range from 3 to 18 months, subject to assessment. Your agreed repayment dates and instalments will appear in your loan contract.
Same-day funding may be available after approval and completion of the required documentation. Timing depends on assessment and bank processing. Same-day payment is not guaranteed.
No. Every application is subject to lending criteria, verification and an affordability assessment.
Your loan may be unsecured or secured by a registered vehicle. Any security requirement will be explained in your offer and contract.
Contact us promptly to discuss your circumstances and available hardship assistance. Default or rescheduling fees may apply as specified in your loan contract.
