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 five months, 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.
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 $2,000. The application process is quick, with the online form only taking a few minutes to fill out. 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
- Quick application. You can fill out the online application in a couple of minutes without the need to fax any supporting documents.
- Generous loan term. 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 one and five months that best suits your needs.
- Varied loan amounts available. Applying through Cash Stop online means you can borrow between $300 and $2,000. 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.
- Convenient 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. Save yourself another 4% monthly fee by repaying ahead of schedule.
- 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.
Compare Other Payday Loans
Whilst we don't compare Cash Stop Online Loan directly, here are some other loans that are similar.
What will it cost you to borrow?
- Loan establishment fee: You will pay 20% of the amount you borrow to set up your loan.
- 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.
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
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.
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
Am i able to apply when i on a disability support pension (dsp) payment
Hi Steve,
Thank you for your question.
You can apply with Cash Stop as long as you earn over $300 per week. Also, you would need to do some form of photo ID. In general, most lenders they required this to verify the identity of their potential client. You can get a photo card from your state’s local driving authority. Through this page you can also check the complete list of requirements at section “How to apply online with Cash Stop”. Please note that lenders have stricter criteria for those receiving disability support pension (DSP). You may also want to consider checking this options.
I hope this has helped.
Cheers,
Harold
I’m on Centrelink for I just left my job to come down to Sydney to see my grandson and looking for a new job
Hi Sonya,
Thanks for your question.
If you’re looking to apply for a loan, you may review the criteria and get more information from our guide on this page. You may contact the lender directly to discuss your loan options and chances of approval.
Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision and consider whether the product is right for you.
Hope this helps.
Cheers,
May
Hi Wayne,
Thanks for reaching out.
You can apply for Cash Stop Online Loan by directly visiting their website. Please do read the eligibility criteria of this loan as listed above before submitting your application.
To improve your chance of approval, we have a guide on this page to help with your application. Other short-term loan products are also listed on the same page.
Cheers,
Anndy
I need to borrow $800, i am on a DSP and also receive a small amount over that per fortnight, i have used the loan calculator and i would be comfortable paying back over 120 days if that is possible, how do i apply right now
Hi Elaine,
Thanks for your question.
If you wish to apply for a loan with Cash Stop, I suggest that you visit their website and submit your online application from there. Meantime, if you wish to compare your options for an $800 personal loan, aside from Cash Stop, you can review the criteria and discuss your loan options with a lender featured on this page.
Hope this helps.
Cheers,
May
Can I please borrow 400?
Hello Claire,
Thank you for your question.
Here’s how to apply for short term loan.
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
I hope this has helped.
Cheers,
Harold
Im on Newstart allowance n im trying to get a loan of 200-2000 n have bad credit does anyone do these loans
Hi Jade,
You can find out which lenders might consider you for a loan on this page.
Hope this helps,
Elizabeth
I get Newstart allowance and twice I’ve $630 but after loan & fine repayments I’m left with $567 am I still able to get a small loan
Hi Cliff,
As long as you meet the minimum eligibility requirements (outlined above) then you can apply. You can submit an application on the Cash Stop website. Your approval will depend on Cash Stop’s assessment of whether or not you can afford the loan.
Hope this helps,
Elizabeth
If was to go for a loan of $1000 how much will I pay back I am on pension and get cares payment and Foster cares payment weekly
Hi Virginia,
You’ll pay a 20% establishment fee and a 4% monthly fee for your loan. Your repayments and total loan amount (including fees) depend on how long your repayment term is. You can use the payday loan calculator to get an estimate.
Thanks,
Elizabeth
i am on a single parent pension and need a small loan today i have no photo id
Hi Samantha,
You can apply for a loan with Cash Stop as long as you earn over $300 per week but you do need some form of photo ID. This is a requirement of most lenders to verify your identity. You can get a photo card from your state’s local driving authority.
Hope this helps,
Elizabeth