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If you need a small loan but extra leeway with your repayments, Cash Stop allows you to select a longer repayment term of up to a year. Their loans are online and easy to apply for. You can also repay your loan early, without penalty. Cash Stop also accepts applications from bad credit borrowers and Centrelink recipients. The cost of the loan depends on how much you borrow. For loans up to $2,000, there will be a 20% establishment fee and a 4% monthly fee. For loans above $2,001, the establishment fee is $400, and an interest rate of 48% will be charged.
$5,000
Maximum loan amount
Same Day
Turnaround time
conditions apply
16 days - 2 years
Term of loan
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Product Name | Cash Stop Online Loan |
---|---|
Minimum loan amount | $200 |
Maximum loan amount | $5,000 |
Arrears Fee | $40 |
Loan term | 16 days - 2 years |
Turnaround time | Same Day - conditions apply |
Costs | Up to 2K - 20% establishment fee + 4% monthly. Above 2K - $400 + 48% APR |
Requirements | You must be over 18, earn at least $300 a week and have a valid email address |
Available to Centrelink Borrowers? | Yes |
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.
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.
Cash Stop operates both online and in bricks-and-mortar branches. When you apply online, you can receive the funds in your bank account the same business day. Depending on your financial circumstances you can borrow up to $5,000. The application process can be done online. You may also still be eligible for a loan if you have poor credit history and if you receive Centrelink.
Whilst we don't compare Cash Stop Online Loan directly, here are some other loans that are similar.
Interested in applying for an online loan with Cash Stop? You can get your application started by visiting the Cash Stop Online website. The application shouldn't take longer than four minutes to fill out and you'll receive your loan amount on the same day of approval.
First, check you meet the eligibility criteria:
If you've established you meet the basic criteria, you can click through to start the application process. You'll need to provide the following information:
April 30, 2019
I’m on new start and I’m wanting to get a loan for a car
May 1, 2019
Hi John,
Thanks for getting in touch!
Yes, you can find a lender that will accept your application while on Newstart. If you’re looking to purchase a car, you can consider a secured car loan from a lender that accepted Centrelink applicants. You can purchase a new or a used car and use it as security for the loan to get a lower rate. As a friendly reminder, review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.
Hope this helps!
Best,
Nikki
December 21, 2018
Ive been on stress leave from work for 12 weeks and still getting paid by my insurance company, own $809,000 assets and only want $5000 secured loan and been knocked back everywhere and now these many applications will be on my credit file. Who can help?
December 21, 2018
Hi David,
Thanks for getting in touch.
Sorry to hear about your declined application. You may not have met all the requirements of the lender. Typically, they would assess your overall financial situation when considering your application which may not be limited to your employment, income/salary, other debts/liabilities, assets, and also your creditworthiness.
Although it may not be a good idea to apply for any form of credit several times in just a short period as it could hurt your credit file, in the future, you may want to contact the lender and confirm first your eligibility before submitting your final application. In the meantime, there are lenders that offer a $5,000 loan which you may want to check. Once you have chosen a particular lender, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with your loan application or get in touch with their representatives for further assistance. It’s always wise to review the terms and conditions of the loan first before you consider it’s the right one for you.
I hope this has somehow helped.
Cheers,
May
December 7, 2018
Hi Josh,
Regarding ‘PayDay’ loans $1000-$2000, which loan institutions do not run credit checks, please? I have affordability, but not at the expense of an Enquiry on my credit file.
Is Cash Stop one of them?
Thanks in advance
Susan
December 13, 2018
Hi Rebecca,
Thanks for getting in touch with Finder. I hope all is well with you. :)
It is safer to assume that all payday lenders do run credit checks unless they specifically mention they don’t and this includes Cash Stop. Even if they run credit checks, the majority of payday loan lenders still accept applicants with bad credit.
We do have a list of a payday loans with no credit check. You may refer to the table to find the lender that suits you.
I hope this helps. Should you have further questions, please don’t hesitate to reach out again.
Have a wonderful day!
Cheers,
Joshua
March 9, 2018
I’m on a disability pension and looking for an unsecured personal loan of $10000 to.pay for my wedding in early June this year. I’ve tried the big four banks and been knocked back. I’ve been defaulted on a couple of small.loans but have dine well to repay them now.But this gas affected my credit rating. So I have applied for many loans and been knocked back. Please help me find the right loan so I can marry my partner on the 6th June thus year. I need a quick response please as I need to.pay for wedding
March 19, 2018
Hi Bug76,
Thanks for getting in touch with Finder.
I understand the difficulty of looking for the right loan for you. Most banks look at your ability to pay them back before they can lend you the money. Thus, if you want to have more options, you need to improve your ability to make repayments.
You mentioned that you are on a disability pension. You may refer to our list of pensioner loans to know other lenders that can help you.
Please click the name of the lender or the “More info” link to be redirected to our review page and learn more about the lender’s loan offer, rates, and requirements as well as the pros and cons of using their loan service. When you are ready, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
February 23, 2018
Hi Brian, thanks for your inquiry.
Please note that finder.com.au is a comparison service and not the actual lender. It would be best to contact the loan provider directly to determine how much you will be approved for. Cash Stop’s contact details are 1300 721 001.
Thanks,
Jonathan