
Get exclusive money-saving offers and guides
Straight to your inbox
A guide to a Cash Advance from Cash Converters. Applicants can head in-store and borrow as little as $100 and repay it in the short term. This loan may be used for financial emergencies and unexpected costs.
$2,000
Maximum loan amount
Same day
Turnaround time
conditions apply
4-6 weeks
Term of loan
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Product Name | Cash Converters Cash Advance Loan |
---|---|
Minimum loan amount | $100 |
Maximum loan amount | $2,000 |
Loan term | 4-6 weeks |
Turnaround time | Same day - conditions apply |
Costs | 20% of loan amount (establishment fee) + 4% of loan amount each month |
Requirements | You must be over 18 and residing in Australia. |
Available to Centrelink Borrowers? | Yes |
This is a small amount loan with the maximum that can be borrowed of $2,000 that is designed to be paid back in a short term. The eligibility for the loan is quite flexible, with non-Australian residents able to apply, as well as those receiving Centrelink benefits or with bad credit. Prospective applicants can see more details about the eligibility criteria on the page below.
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.
If you're experiencing financial hardship and would like to speak to someone for free financial counselling, you can call the Financial Counsellors hotline on 1800 007 007. It is open from 9:30am to 4pm, Monday to Friday. When comparing short term loans, ensure you take into consideration any fees, charges and rates you may be charged. It's important to weigh up all your options before applying for any form of credit.
The eligibility criteria is quite flexible with this cash advance loan, but each application is handled on a case-by-case basis. It's important to note that an application will be reviewed by someone from Cash Converters who will determine whether or not the applicant will be able to manage and repay your loan. Applicants will only be offered a loan that is suited to their needs, finances and budget. The minimum eligibility requirements are as follows:
Before submitting an application, it is always a good idea to compare as many options as possible to determine the best possible financial solution. To apply for this loan, click "Go to Site" to find a Cash Converters store location. Prospective applicants should make sure that they have the following documents on hand to ensure that they can complete the application:
Alternatively, you can visit a Cash Converters store to do an in-store application. In-store applications will also go through an approval process, and if approved, a successful applicant's loan should be processed on the same day. Once approved they will received the borrowed money on the spot.