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Cash Stop Online Loan review

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Elizabeth Barry
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Get the green light with a loan from Cash Stop

If you're in need of a small amount loan but want a bit of extra leeway in your repayment terms, you might want to consider Cash Stop. They offer online loans with longer-than-normal repayment periods, up to 1 year, that you can apply for conveniently online. If you do find you can repay your loan early, you're able to do so without incurring additional fees. Find out what other features are on offer from Cash Stop and see if they can help you get the money you need.

$5,000

Maximum loan amount

Same Day

Turnaround time

conditions apply

1 month - 1 year

Term of loan

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Details

Product NameCash Stop Online Loan
Minimum loan amount$300
Maximum loan amount$5,000
Arrears Fee$40
Loan term1 month - 1 year
Turnaround timeSame Day - conditions apply
CostsUp to 2K - 20% establishment fee + 4% monthly. Above 2K - $400 + 48% APR
RequirementsYou must be over 18, earn at least $300 a week and have a valid email address
Available to Centrelink Borrowers?Yes

Are you struggling financially?


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

⚠️ 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.

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 1 month - 1 year that best suits your needs.
  • Varied loan amounts available. Applying through Cash Stop online means you can borrow between $300 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.

    Data updated regularly
    Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
    Sunshine Short Term Loans
    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.
    Go to site
    More Info
    Nimble Short Term Loan
    Nimble Short Term Loan
    $2,000
    62 days to 9 months
    1 hour - conditions apply
    $15
    20% of loan amount + 4% of loan amount each month
    $372
    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
    Safe Financial Small Loan
    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
    Fair Go Finance Small Loan
    Fair Go Finance Small Loan
    $2,000
    3-12 months
    24 to 48 hours
    $35
    0% Establishment Fee + monthly fee 4%
    $354
    A small loan between $500 and $2,000 that can be funded in 24 hours. Note: Save up to $400 when you apply for a small loan from $500 to $2,000 and are approved for a 0% establishment fee. T&Cs apply.
    Go to site
    More Info
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    Compare up to 4 providers

    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.
    Back to top

    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

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152 Comments

    Default Gravatar
    John
    April 30, 2019

    I’m on new start and I’m wanting to get a loan for a car

    Reply
      Default Gravatar
      Nikki
      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

      Reply
    Default Gravatar
    David
    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?

    Reply
      Avatarfinder Customer Care
      May
      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

      Reply
    Default Gravatar
    Rebecca
    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

    Reply
      Avatarfinder Customer Care
      Joshua
      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

      Reply
    Default Gravatar
    Bug76
    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

    Reply
      Avatarfinder Customer Care
      Joshua
      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

      Reply
    Avatarfinder Customer Care
    Jonathan
    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

    Reply
    Default Gravatar
    Paul Rawcliffe
    February 1, 2018

    Hi I’m a disability pensioner also a bad credit rating. Had a few defaults however I always rectify and pay . but have lowered my rating. I’ve tried for Day’s to get a loan approved. Can you please help me find a lender that will give me a chance and approve a loan.
    Only after $300/$400 Max.
    I really need a loan Asap . due to having
    To take my cat Cleo to the vet. I have to
    Pay the bill by Friday .
    Kind regards Paul Rawcliffe.

    Reply
      Default Gravatar
      Joel
      February 3, 2018

      Hi Paul,

      Thanks for leaving a question on Finder.

      I’m sorry to hear about your cat Cleo. I hope she gets better soon. You refer to our list of disability pensioner loans to compare your options. Most providers release the loan the same day if approved.

      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. If you need anything else, please send us a message anytime.

      Cheers,
      Joel

      Reply
    Default Gravatar
    Kassandra
    October 18, 2017

    I don’t have a very good credit history. Will anyone be able to give me a loan for a short term?

    Reply
      Avatarfinder Customer Care
      Judith
      October 18, 2017

      Hi Kassandra,

      Thanks for contacting Finder.

      You may check our list of bad credit short-term loan as well as lenders offering a bad credit personal loan.

      Both pages have a comparison table you can use to see which lender suits you. You can 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.

      To improve your chances of getting approved for a loan, please ensure that you meet the eligibility criteria and requirements of the loan option or lender and make sure to read the details, as well as the relevant PDS/ T&Cs of the loan option before making a decision and consider whether the product or option is right for you.

      I hope this helps.

      Best regards,
      Judith

      Reply
    Default Gravatar
    Mona
    August 3, 2017

    Can I apply for a loan while I’m on new start allowance?

    Reply
      Default Gravatar
      Arnold
      August 3, 2017

      Hi Mona,

      Thanks for your inquiry.

      Yes, there are banks that will lend you loans. Please check our list of loans for people on Centrelink payments. It is important to discuss your options with your chosen lender and please check their eligibility requirements with them.

      Hope this information helped.

      Cheers,
      Arnold

      Reply
    Default Gravatar
    Shy
    July 15, 2017

    I am on new start partnered 450 a fortnight and need a 100 dollar loan. Probably bad credit. What do I do?

    Reply
      Default Gravatar
      Liezl
      July 15, 2017

      Hi Shy,

      Thanks for reaching out.

      The lenders listed above offer loans to bad credit borrowers and receivers of Centrelink. You can click through to the review page by clicking on the name of any of the lenders, or the “More” link and when you’re ready to apply click ‘Go to Site’.

      I hope this will help.

      Cheers,
      Liezl

      Reply
    Default Gravatar
    Sherryn
    June 22, 2017

    What if my Centrelink and My pay go into 2 different accounts? A lot of places are verifying online and only give you options to add details from one account.

    Reply
      Default Gravatar
      Liezl
      June 23, 2017

      Hi Sherryn,

      Thanks for your question.

      When you apply online, you can use the account where you’re receiving bigger pay. As soon as you’re done with your online application, you need to call us Cash Stop’s online loan team right away so they can check whether that account suffices or not. In case it doesn’t, they’ll send you another link so you can upload another bank account. If you’re still unsure about the process, you may visit their website and chat with their customer service.

      I hope this has helped.

      Cheers,
      Liezl

      Reply
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