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
Unexpected expenses can arise when you least expect them. MyCashOnline offers personal loans from $2,001 to $5,000, with repayment terms of 3–18 months, subject to assessment and approval.
Same-day funding may be available for eligible applicants once their application is approved and the required documentation is completed. Funding time depends on application processing and your bank. Same-day approval and 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 payment until a later business day.
Consider whether the repayments fit your budget alongside your living expenses and existing commitments. A longer repayment term may reduce each instalment but increase the total interest payable.
A same-day loan describes a loan where funds become available on the day of approval. It does not mean the loan must be repaid that day. Our repayment terms range from 3 to 18 months.
Same-day funding may be available, but it is not guaranteed. Timing depends on when your application is assessed, whether all required information is supplied, completion of your contract and bank processing.
Yes. You can submit an application online anytime. Assessment takes place during business hours.
No. Every application is subject to lending criteria, verification and an affordability assessment.
A $27 default fee may apply for each missed scheduled payment. A $15 rescheduling fee may apply for each scheduled payment rescheduled, subject to your contract.
If you are having difficulty paying, contact us promptly to discuss your circumstances and available hardship assistance.
