Cash Train Loans

Information verified correct on October 26th, 2016

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.

Product NameCash Train Loans
Min Loan Amount$200
Max. Loan Amount$2,000
Initial Maximum Loan Amount$800
Loan Term10 weeks or 3 months
Turnaround Time1 Business Day
Total Cost of Borrowing $10020% of loan principal + 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

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 Cash Train Loans

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 three 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.

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.

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61 Responses to Cash Train Loans

  1. Default Gravatar | October 10, 2016

    I apply for loan when will o know is it confirm or not how long does it take..

    • Staff
      Anndy | October 10, 2016

      Hi Kirisinakaivalu,

      Please note that we are, a financial comparison and information website, not Cash Train.

      After submitting your requirements with Cash Train, they will assess your application. Once approved, the funds will be digitally transferred to your account within 1 business day.

      If you wish to follow up the status of your application, please directly get in touch with Cash Train.


  2. Default Gravatar
    Fred | September 17, 2016

    Hello, do you only provide your services to Australian citizens only? Or do you also provide money lending services in the USA? Thank you

    • Staff
      Elizabeth | September 19, 2016

      Hi Fred,

      Cash Train only offer loans to Australian citizens. However, you can compare loans for US citizens on this page.

      I hope this helps,


  3. Default Gravatar
    Keziah | September 5, 2016

    i want to apply for a loan, i am currently working part time at a health centre, i cant seem to apply online because there is no phone service here at Willowra community, i don’t have a home phone. so i cant put down any phone numbers only my email

    • Staff
      Elizabeth | September 8, 2016

      Hi Keziah,

      You usually require a mobile phone number as this is how the lender will contact you regarding your contract and loan approval. You may want to contact Cash Train directly (via email at to enquire whether you can be approved without a phone.

      You can also compare your other options here if you find you’re not eligible.

      Hope this helps,


  4. Default Gravatar
    lucy | July 12, 2016

    can i apply the loan while from kenya Africa?

    • Staff
      Elizabeth | July 12, 2016

      Hi Lucy,

      Unfortunately Cash Train can only consider you for a loan if you’re a current Australian resident. You’ll need to find a lender in Kenya if you’re looking for a loan.

      Sorry I couldn’t be of more assistance,


  5. Default Gravatar
    Jimmy | July 7, 2016

    What finance provider backs Cash Train

    • Staff
      May | July 7, 2016

      Hi Jimmy,

      Thanks for your question.

      Cash Train is a trading name of and financed by MONEY3 Services Pty Ltd, which the latter is registered with ASIC as an Australian Credit Licence Holder. You can find more information about Cash train (MONEY3 Services Pty Ltd) when you visit their website.


  6. Default Gravatar
    Tania | June 24, 2016


    I have made an application on a Friday evening. I am an approved customer who has made a loan before.
    When will I have access to the loaned money, if it is approved?

    • Staff
      Elizabeth | June 27, 2016

      Hi Tania,

      As you didn’t apply before 2pm your loan will be available the following business day.

      I hope this helps,


  7. Default Gravatar
    James | April 18, 2016

    Do you do credit checks and do you report to credit agencies?

    • Default Gravatar
      Plze | June 18, 2016

      I want loan serious needed. I am in Africa. May you help? Thank you.

    • Staff
      Elizabeth | June 20, 2016


      Unfortunately these loans are only available to people currently residing in Australia. You’ll need to find a lender in Africa if you’re looking for a loan.

      Sorry I couldn’t be of more assistance,


    • Staff
      Elizabeth | April 18, 2016

      Hi James,

      Thanks for your question – just to clarify, you’ve come through to, a financial comparison service and not Cash Train. However I can clarify that Cash Train does perform a credit check but you are able to apply with bad credit. When you apply with any lender in Australia, including Cash Train, a credit enquiry will be reported on your credit file.

      I hope this has helped,


  8. Default Gravatar
    | February 29, 2016

    I got as far as the bank west questions what’s the secure code they want

    • Staff
      Elizabeth | February 29, 2016

      Hi Merryl,

      This may be in regards to needing your Internet banking details, but it would be best to get in contact Cash Converters to confirm this. You can find contact details on its website.



  9. Default Gravatar
    Sandra | February 3, 2016

    Are you affiliated with PAID International.

    • Staff
      Elizabeth | February 3, 2016

      Hi Sandra,

      You’ve come through to, an independent financial comparison service and not Cash Train. However I can provide you with some information on this.

      Paid International entered into voluntary administration in January 2015, but Cash Train continued operating as it was bought out by Money3, along with the other brands of Paid International. It is still a brand name under Money3 today.

      I hope this has helped.



  10. Default Gravatar
    michael | January 24, 2016

    I was approved yesterday afternoon at about 4pm
    I am still waiting for confirmation that the funds have been deposited??
    Why is it taking so long?

    • Staff
      Elizabeth | January 25, 2016

      Hi Michael,

      It’s best to get in touch with Cash Train, but because you were approved on a weekend you may need to wait until Monday to receive your loan.



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