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.

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
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.

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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77 Responses

  1. 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.


  2. 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.


  3. Default Gravatar
    DeborahDecember 23, 2016

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

    • Staff
      AnndyDecember 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.


  4. Default Gravatar
    IreneDecember 22, 2016

    I need to get a loan for Christmas

    • Staff
      AnndyDecember 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.


  5. 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.


  6. Default Gravatar
    TrevorDecember 19, 2016

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

    • Staff
      AnndyDecember 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.


  7. 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
      AnndyNovember 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.


  8. Default Gravatar
    RozminaNovember 1, 2016

    Can i get $7000 loan for my tuition?

    • Staff
      MayNovember 1, 2016Staff

      Hi Rozmina,

      Thank you for your question.

      If you are employed and have an income over $1,200 a month, you’ll be able to apply for the loan with Cash Train. Please note though that the maximum amount you can borrow with Cash Train is up to $2,000. For your other loan options, please review the criteria and compare your loan options on this page.

      Hope this can help.


  9. Default Gravatar
    kirisinakaivalu@yahoo.comOctober 10, 2016

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

    • Staff
      AnndyOctober 10, 2016Staff

      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.


  10. Default Gravatar
    FredSeptember 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
      ElizabethSeptember 19, 2016Staff

      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,


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