Cash Stop Online Loan

Thinking of borrowing from Cash Stop? Here's what you need to know.

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.

Features to consider before applying

• Online application. You can fill out the application online without the need to fax or email any supporting documents.
• Loan term of up to a year. Most payday lenders require that you repay your loan within two months at the most, but Cash Stop lets you choose longer repayment terms. Select the term between 16 days - 2 years that best suits your needs.
• Varied loan amounts available. Applying through Cash Stop online means you can borrow between $200 and $5,000. Keep in mind the actual amount you're approved for will depend on your financial circumstances (your income, current debts, employment, etc.) and your ability to repay the loan.
• Automated repayments. You won't need to remember to make repayments yourself — on the agreed repayment dates the amount will be direct debited from your nominated bank account.
• Early repayments accepted. If you're able to repay your loan early, you can without incurring any penalties.
• Bad credit borrowers and receivers of Centrelink can apply. If you have negative marks on your credit file, you still may be eligible for a Cash Stop loan. Those receiving Centrelink benefits may also be eligible depending on their financial circumstances.

Risks of taking a Cash Stop loan

• Unaffordable repayments. Payday loans are an expensive way to borrow money so check that you will be able to afford each repayment. If you can't afford your repayments then you are likely to pay a late fee that will make your financial situation worse.
• High rates and fees. Rates and fees on payday loans are high and there will be more fees if you are late on a repayment. Make sure to check what you would be charged if you miss a payment or if you can't pay back the loan altogether.

Compare Other Payday Loans

Whilst we don't compare Cash Stop Online Loan directly, here are some other loans that are similar.

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Name	Product	Maximum loan amount	Term of Loan	Turnaround time	Arrears Fee	Costs	Fortnightly Repayment (for $1500 Loan)
Sunshine Short Term Loans		$2,000	9-14 weeks	30 minutes - conditions apply	$35	20% of loan amount + 4% of loan amount each month	$396	A small loan up to $2,000 that you repay over 9-14 weeks. Loans approved and funded in as little as 30 minutes. Centrelink must not be your primary income	Go to site More Info	Compare	loading Fetching your data...
Nimble Small Loan		$2,000	62 days to 9 months	1 hour - conditions apply	$15	20% of loan amount + 4% of loan amount each month	$396	A loan up to $2,000 with terms up to 62 days to 9 months. Centrelink cannot be your primary source of income.	Go to site More Info	Compare	loading Fetching your data...
Safe Financial Small Loan		$5,000	22 - 52 weeks	Same day - conditions apply	$35	Up to $2,000 - 20% establishment fee + 4% monthly. Above $2,000 - $400 + loan management fee of up to $399 + from 8.7% to 48% APR	$396	Borrow from $1,000 to $5,000 with same-day funding and no early repayment fees.	Go to site More Info	Compare	loading Fetching your data...
Fair Go Finance Small Loan		$2,000	1 to 12 months	24 to 48 hours	$35	Establishment Fee of $18 – $400	$354	A small loan between $300 and $2,000 that can be funded in 24 hours.	Go to site More Info	Compare	loading Fetching your data...
Jacaranda Finance Personal Loan		$15,000	9 to 36 months	Under 1 hour - conditions apply	$35			Borrow up to $15,000 and get access to your funds in as little as 1 hour.	Go to site More Info	Compare	loading Fetching your data...

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What will it cost you to borrow?

• Loan establishment fee: You will pay 20% of the amount up to $2,000 or $400 for the loan amount above $2,000.
• Monthly fee. On the loan settlement day and on the anniversary day of each subsequent month the loan remains open, you'll be charged a 4% monthly fee for the loan up to $2,000.

How to apply online with Cash Stop

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:

• You're a permanent Australian resident
• You're over the age of 18
• You have an email address
• You earn a regular, steady income over $300 per week. This income will need to be credited to your nominated bank account.
• Those on Centrelink benefits can apply – including those on Newstart and Youth Allowance

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:

• Personal details including your name and contact information
• Employment information such as where you work and the contact details of your employer. An income verification call may be made to confirm your employment
• You will be required to digitally submit 90 days worth of your bank statements through Credit Sense