Cash Converters Cash Advance Loan

You can borrow between $50 and $2,000 and apply in-store. Turnaround times are quick, but the loan is expensive.

To apply for a Cash Converters Cash Advance Loan, you can head in-store and fill in the application form. Applications are easy, and if approved, you’ll be able to sign the loan contract immediately. While this loan is convenient, it comes with short repayment terms and high fees. Repayment terms range from 4 to 6 weeks. Your repayments will include an establishment fee of 20% the loan amount and a monthly fee of 4%.

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Maximum loan amount

Same day

Turnaround time

conditions apply

4 to 6 weeks

Term of loan

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Product NameCash Converters Cash Advance Loan
Minimum loan amount$50
Maximum loan amount$2,000
Loan term4 to 6 weeks
Turnaround timeSame day - conditions apply
Costs20% of loan amount (establishment fee) + 4% of loan amount each month
RequirementsYou must be over 18 and residing in Australia.
Available to Centrelink Borrowers?Yes

Information on a Cash Advance from Cash Converters

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.

Features of a Cash Advance loan

  • Repayment terms. The Cash Advance Loan has a standard repayment term of up to 4 to 6 weeks, and repayments will be laid out in the loan contract.
  • Loan amounts. The amount someone is actually approved for depends on their financial situation, but loan amounts between $50 and $2,000 available.
  • Turnaround time. The application process is simple and in some cases decisions are made on the same day.
  • In-store application. Customers can apply for this loan in a Cash Converters store, and if they're approved they'll be able to sign their loan contract immediately.

Compare Cash Converters personal loans

Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Cash Converters Personal Loan
up to 12 months
Within 48 hours
20% establishment fee + 4% monthly fee
Cash Converters offers this loan from $400 that gives you up to 12 months to repay.
Cash Converters Medium Personal Loan
2 to 24 months
24 - 48 hours
$400 (establishment fee; financed under loan) + 48% p.a. interest
A larger loan up to $4,600 available even if you have bad credit. You'll have up to 2 years to repay.
Cash Converters Cash Advance Loan
4 to 6 weeks
Same day - conditions apply
20% of loan amount (establishment fee) + 4% of loan amount each month
Apply in-store for a Cash Advance Loan from Cash Converters

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⚠️ Warning about Borrowing

payday-warningDo 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:

  • For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor
  • Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
  • If you are on government benefits, ask if you can receive an advance from Centrelink: Phone: 13 17 94

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.

Financial hardship

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.

Cash Converters Cash Advance eligibility

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:

  • Age. Applicants need to be over the age of 18.
  • Residency. Non-residents can apply in-store.
  • Credit history. Applicants can apply if they have bad credit but they will only be approved if they can afford the loan.
  • Borrowers under debt agreements. If someone is currently in a Part 9 Debt Agreement, they are ineligible, but if they have been successfully discharged from a Part 9 Debt Agreement more than 12 months ago, their application will be considered.
  • Centrelink borrowers. Loan applicants can receive Centrelink payments, but their total repayments can't exceed 20% of their Centrelink income. Total repayments include loans from other lenders.

How to apply for a cash advance loan

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:

  • Internet banking details (Cash Converters use this to retrieve 90 days of bank statements)
  • 100 points of ID (ID requirements vary from state to state so check this before heading in-store)

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.

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    Default Gravatar
    January 7, 2019

    Hi just wondering how cash converters can take payments out two days early leaving me with no money Christmas Eve/day ? And now want to charge me dishonor fees?

      Avatarfinder Customer Care
      January 8, 2019

      Hi Barry,

      Thank you for reaching out to finder.

      You may need to check the contract you have with Cash Converters with regards to your loan to ensure that this is something written in the document. You may also contact them to ensure that you are able to ask the questions you need regarding the early debit they did on your account. Hope this helps!


    Default Gravatar
    October 15, 2018

    I applied for a cash loan on the 7th October, as I have’t received a response does that mean I did’nt get the loan

      Default Gravatar
      October 15, 2018

      Hi Karen,

      Thanks for your inquiry and for visiting our page.

      We are not certain if you weren’t approved for the cash loan you applied for with Cash Converters.

      It would be best to get in touch with them and follow up on the status of your application.

      Hope this was helpful. Don’t hesitate to message us back if you have more questions.


    Default Gravatar
    September 7, 2018

    Hi there just wanting to know if my pay goes into my partners account does this effect me applieing for a cash advance. If not what sort of proof do I need to prove that pay does go into her account

      Avatarfinder Customer Care
      September 7, 2018

      Hi Jackie,

      Thank you for reaching out to finder.

      Yes, it may affect your cash advance application if your pay goes to your partner’s bank account because as part of your application, Cash Converters will require you to submit the latest 90 days of your bank account transaction history for the account your income is deposited into. Also, you need to have an online banking account otherwise they won’t be able to process your loan application.

      You can also confirm this information by calling Cash Converters directly.

      Hope this helps.


    Default Gravatar
    September 3, 2018

    I have over 250 dollars pawned, can I borrow 1200 as I receive Centrelink in 2 weeks time?

      Avatarfinder Customer Care
      September 3, 2018

      Hello Daniel,

      Thank you for your comment.

      People on Centrelink benefits are actually eligible for the Cash Converters Cash Advance Loan. Your loan should not exceed 20% of your Centrelink income, these include loans from other lenders. You may contact Cash Converters directly to see your eligibility for a $1200 loan amount.

      Alternatively, you may also compare other lenders offering pensioner loans and Centrelink loan.

      Should you wish to have real-time answers to your questions, try our chatbox on the lower right corner of our page.


    Default Gravatar
    November 21, 2017

    Hi, I just want to know I got a loan from cash converters can I get another loan while I’m paying the first one off?

      Default Gravatar
      November 23, 2017

      Hi Bonny,

      Thanks for reaching out to finder.

      You may apply for another loan subject to the lender’s assessment. They will check the suitability and affordability of your new loan application. To find out if you are eligible for another loan, you can contact the store that approved your current loan or if you applied online, you can call or email them.


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