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Cash Cloud is not a direct lender; it works to match customers with a loan offered by one of its lenders. The fee structure is transparent and customers can review it before they agree to the loan. Cash Cloud’s service is free and customers can receive their money quickly – in some cases within 60 minutes or on the same business day.
$2,000
Maximum loan amount
Within an hour
Turnaround time
Up to 3 months
Term of loan
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Product Name | Cash Cloud Payday Loans |
---|---|
Minimum loan amount | $300 |
Maximum loan amount | $2,000 |
Arrears Fee | $35 |
Loan term | Up to 3 months |
Turnaround time | Within an hour |
Costs | 20% of borrowed amount + 4% of borrowed amount each month |
Available to Centrelink Borrowers? | No |
If you're struggling financially and would like to speak to someone for free financial advice, information and assistance you can call the Financial Counsellors hotline on 1800 007 007 (open from 9:30am to 4pm, Monday to Friday). If you are suffering financial problems related to the coronavirus pandemic you may be eligible for additional support. Find out more here: https://www.finder.com.au/coronavirus-financial-help
Do you really need a loan today?*
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.
Check your options before you borrow:
The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.
* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.
When someone applies for a loan with Cash Cloud, it will send their application to its primary lender, Stress Less Money. If that customer isn't accepted, there are other lenders on its panel who will consider their application. Those who are accepted will be transferred to the lender to review the costs and complete the process to receive their funds. The repayment process will differ depending on the lender each customer is matched with.
Whilst we don't compare loans from Cash Cloud directly, use the table below to see how they compare against other short term loans
This depends on the lender a Cash Cloud applicant is accepted by. For instance, if a application is accepted by Cash Cloud’s primary lender, Stress Less Money, the fee structure will be as follows:
What customers will pay:
What customers might pay:
Those looking to apply can get started by submitting an online application on Cash Cloud’s website. They'll need to be:
They'll also need to provide certain details to complete the application, so prospective applicants should keep this information handy:
While Cash Cloud claims to help match payday loan applicants with appropriate lenders, it is still important for prospective payday loan applicants to compare lenders themselves before submitting an application.
Customers for payday loans should also be aware of the potentially high fees attached and if they are facing financial hardship, should consider potential alternative solutions that they may qualify for.