Cash Train Loans

If you're stuck for cash, you could get up to $2,000 before you next get paid.

Cash Train is a lender who specialises in these types of loans and helps out Australian customers in need of quick cash. When choosing an online loan lender you need to ensure they are reputable, reliable and contactable. Cash Train is a trading brand of MONEY3 Services Pty Ltd Australian Credit Licence Number 389189.

Min Loan Amount$200
Max. Loan Amount$2,000
Initial Maximum Loan Amount$800
Loan Term10 weeks or 3 months
Turnaround Time1 Business Day
Costs20% of principal amount (establishment fee) + 4% monthly charge
RequirementsYou must be over 18, employed and earn over $1,200 a month
Available to Centrelink borrowersYes


  • Fast loan approval and payout
  • Easy application
  • Same day funding - conditions apply


  • Must be employed
  • Can be expensive to borrow small amounts of money
  • Can't apply if already have several payday loans outstanding
  • Over 18 Years Old
  • Employed
  • Must have a bank account

Types of cash loans from Cash Train

Cash Train offers short term loans of between $200 and $2,000 (up to $800 for new customers). These loans are usually used for unexpected expenses such as getting your car repaired, paying an overdue bill or a spur of the moment event that you didn't budget for. Cash Train loans are not meant to be used to fix longer term financial issues or pay for recurring expenses.

Features of a Cash Train Loan

Cash Train Loans have some features which make them an option to consider.

  • Fast loan approval and payout. Cash Train approves loans online and sends funds to your account within one business day of your loan being approved. The time you receive your loan will depend on the processing times of your bank.
  • Know how much your repayments are. When you sign your contract with Cash Train it sets out the repayment schedule which includes all fees and charges. Take a look below for the basic fees and charges.
  • Clearly defined repayment schedule. The repayment schedule outlined in your contract will depend on your pay frequency. If you are paid weekly you will make 10 weekly repayments, if you are paid fortnightly you will make five repayments over a 10-week period and if you are paid monthly you will make just three repayments over a loan term of 3 months.
  • Reliable lender. Cash Train clearly displays its fees, product reviews and contact details on its website.

How much will the loan cost?

Cash Train is very transparent about the fees and charges of their short term loans. The amount you pay will depend on the size of loan you take out and your repayment schedule.

  • An establishment fee which is 20% of the loan amount
  • Monthly fees which are 4% of the loan amount
  • If you fail to make a scheduled repayment you may be charged $25

Applying for a Cash Train loan

In order to apply for cash loan from Cash Train you need to meet the following eligibility criteria:

  • Be over 18 years of age
  • Be employed (part-time and casual are accepted but you cannot be self-employed)
  • Earn over $1,200 a month
  • Be paid regularly into your bank account i.e. weekly, fortnightly or monthly and not in cash
  • If you have bad credit you can still be considered for a loan. Cash Train looks at your current financial situation, your ability to make your repayments and the purpose of the loan
  • If you receive Centrelink, you need to earn over $1,200 per month from employment and Centrelink cannot be more than 50% of your income

You will need to provide Cash Train with details of your employment and any benefits you receive. You will also need to provide bank statements for the last ninety days so Cash Train can determine your loan amount.

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83 Responses

  1. Default Gravatar
    NoraNovember 16, 2017

    Hi, I have two other loans I know I won’t be able to get a loan with you but I’m in a stressful time and need help. I want to pay the two loan off and have one loan hopefully with yours. I am a single mum and on Centrelink and with Christmas coming I’m behind on one week rent and need help that and other bills too. I want my kids and I have stress free Christmas.

    • Default Gravatar
      JonathanNovember 16, 2017

      Hi Nora,

      Thank you for your inquiry. Please be advised that is a comparison site and we are not affiliated with Cash Train Loans or any company we feature on our site.

      You can contact Cash Train Loans directly thru their site. Also, you may want to check other lenders that might offer you low-income loans on this page.

      Hope this helps.


  2. Default Gravatar
    November 9, 2017

    Hi–I require a very small loan being $100.

    I currently am employed full time (16 years same job), and take home $1760 a fortnight after tax. I have had to use the bulk of my income recently to pay for medical/hospital costs for my sister who is off work without pay. I had time off work due to illness in the first 6 months of the year and was earning a low wage. My wage is now back to $1760 a fortnight and has been for the past 3 months and will continue to be so.

    • Staff
      RenchNovember 9, 2017Staff

      Hi Aaron,

      Thanks for your inquiry. Please note that we are not affiliated with Cash Train Loans or any company we feature on our site and so we can only offer you general advice.

      If you are referring to Cash Train Loans, you may contact them directly by visiting their official site.

      Here’s their Application Criteria:
      Over 18 Years Old
      Must have a bank account

      You can also have a look at this page and compare other options.


  3. Default Gravatar
    TeganNovember 1, 2017

    I was just wondering if I could get a loan even though I receive the disability support pension

    • Staff
      ArnoldNovember 1, 2017Staff

      Hi Tegan,

      Thanks for your inquiry

      Yes, you may still be able to apply for a loan as long as you meet the eligibility requirements. On this page you’ll be able to find out what loans are available for you. Please check it out

      Hope this information helps


  4. Default Gravatar
    MatthewFebruary 24, 2017

    How long does it take to find out if you have been approved

    • Staff
      MayFebruary 24, 2017Staff

      Hi Matthew,

      Thank you for your inquiry.

      With Cash Train, you’d get your approval within one business day. If you wish to confirm if you’re approved or not, you may contact Cash Train directly.

      Aside from Cash Train, you can also find on this page the lenders that offer fast cash loans. Please review the details of the loans and 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.


  5. Default Gravatar
    TrevorDecember 29, 2016

    Hi I can’t reset my password so I can get this loan

    • Staff
      MayDecember 29, 2016Staff

      Hi Trevor,

      Thank you for contacting – a financial comparison website and general information service designed to help consumers make better decisions. We do not represent Cash Train or any company we feature on our pages.

      If you’d like to reset your password, you’d be best to get in touch with Cash Train directly. You can click on the ‘Go to site’ button above to visit their website. They also have a chat support if you need further assistance.


  6. Default Gravatar
    DeborahDecember 23, 2016

    I am after a $300 loan for christmas , just wondering if i could apply ?

    • Staff
      LouDecember 23, 2016Staff

      Hi Deborah,

      Thanks for your question.

      Yes, you may apply for a Cash Train Loan as long as you meet the eligibility criteria as we have listed above. After getting approved, you may be able to receive the funds into your account within one business day.

      Alternatively, you can check other quick cash loans on this page.


  7. Default Gravatar
    IreneDecember 22, 2016

    I need to get a loan for Christmas

    • Staff
      LouDecember 22, 2016Staff

      Hi Irene,

      Thanks for your question.

      If you need instant cash loan, please refer to this page to check and compare lenders who may be able to help you. Simply click the name of the loan product to check the eligibility criteria and requirements to apply before clicking the “go to site” button to submit your application.


  8. Default Gravatar
    JanetDecember 22, 2016

    Just wondering if I can get a $200 loan before Christmas please

    • Staff
      MayDecember 22, 2016Staff

      Hi Janet,

      Thanks for your question.

      The period of approval for your loan application would depend on the lender and how soon you can comply with the requirements. With Cash Train, they approve applications within one business day. Some other lenders that might offer you a fast loan can be found here, just in case you may like to check.

      Hope this helps.


  9. Default Gravatar
    TrevorDecember 19, 2016

    Hi if I ask for $450.00 dollars how much would I be paying back a week

    • Staff
      LouDecember 19, 2016Staff

      Hi Trevor,

      Thanks for your question.

      With Cash train, you can only borrow in $100 denominations. So if you apply for $500 loan, your weekly repayment will be $66.

      Alternatively, you can compare other payday loans here.


  10. Default Gravatar
    troyNovember 9, 2016

    i have had a number of approved loans in past and have not changed employers or my situation yet this time you have asked for pay slips why would this be it is same employer and you can see pay on bank statement

    • Staff
      LouNovember 9, 2016Staff

      Hi Troy,

      Thanks for reaching out.

      Please note that is a financial comparison and information website that helps users make better decisions. We are not Cash Train.

      Lenders do change their requirements and eligibility criteria for loan applications from time to time. You may want to directly get in touch with Cash Train and inquire about your situation.


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