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
Minimum Loan Amount$200
Maximum Loan Amount$2,000
Initial Maximium Loan Amount$800
Arrears Fee$25
Loan Term10 weeks or 3 months
Cash Deposited In1 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 Borrowers?Yes

Pros

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

Cons

  • 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 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 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 Loans

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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95 Responses

  1. Default Gravatar
    SauaoSeptember 28, 2018

    I just want to know if in eligible for one im on centerlink atm..thank you

    • finder Customer Care
      JohnSeptember 28, 2018Staff

      Hi,

      Thank you for leaving a question.

      Centerlink payments are accepted for the eligibility requirements but you need to earn over $1,200 per month from employment and Centrelink cannot be more than 50% of your income. Please see complete requirements below:

      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
      Hope this helps!

      Cheers,
      Reggie

  2. Default Gravatar
    ThomasApril 19, 2018

    please tell me why cash & go think youes put 800 dollars in my bank account on 6.4.18 I never got it

    • finder Customer Care
      NikkiApril 19, 2018Staff

      Hi Thomas!

      Thanks for your message and for visiting finder – the leading comparison website & general information service built to give you advice in your buying decision needs. How are you doing today?

      To clarify, did you use a Cash & Go Direct Debit or did you register your own deposit account? You may want to verify with them where they credited your loan for double checking. As much as we want to help further and check on your account, we don’t have access to this. Please note that we’re a product comparison website and we hold no affiliation with any company we feature on our site. We provide general information on products to assist you in your buying decision process hence we cannot recommend product / service that is rightfully fit for you.

      Hope this helps! Feel free to message us anytime should you have further questions.

      Cheers,
      Nikki

  3. Default Gravatar
    RoApril 11, 2018

    Can i get some lone i need money today please help me

    • finder Customer Care
      NikkiApril 11, 2018Staff

      Hi Ro,

      Thanks for your message and for visiting finder – the leading comparison website & general information service built to give you advice in your buying decision needs. How are you doing today?

      Please note that we’re a product comparison website and we hold no affiliation with any company we feature on our site. We provide general information on products to assist you in your buying decision process hence we cannot recommend product / service that is rightfully fit for you.

      Australian law requires lenders to satisfy themselves about your financial circumstances before giving you a loan.

      Here are the documents you’d need to bring when you apply for the loan.

      Bank statements for the past 90 days
      Payslips and/or Centrelink statements, or your last tax return to verify your income
      Mortgage or rental property statements
      Utility bills or statements
      100 points of identification if you are a new customer

      For more information, you may review this page on SAME DAY LOANS.

      Hope this helps! Feel free to message us anytime should you have further questions.

      Cheers,
      Nikki

  4. Default Gravatar
    ChristinaFebruary 15, 2018

    Hi

    I have been blacklisted for the past 3 years, i ve only been working for a year now and get paid R1750 a week in cash. My wages do not get paid into my bank account. i desperately need a loan where i can pay off on a weekly basis and will actually help me. please i am desperate.

    • finder Customer Care
      JoshuaFebruary 25, 2018Staff

      Hi Christina,

      Thanks for getting in touch with finder.

      I understand that you are in a very tough situation.

      When applying for a loan, every lender assesses your ability to pay them back. If they can see and you can prove to them that you can do the repayments, then they will most likely approve your loan.

      Since you mentioned you have a bad credit history, you maybe have limited options. And sometimes, those options may include high-interest rates.

      We have a few pages that you might want to review. These pages will help you know your options:

      Compare unsecured bad credit loans
      How to be approved for a $5000 loan with bad credit

      Moreover, you might want to read this page to learn how to improve your financial situation:

      How to make your difficult financial circumstances better

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  5. Default Gravatar
    RatebFebruary 3, 2018

    Need cash asap

    • finder Customer Care
      JonathanFebruary 26, 2018Staff

      Hi Rateb, thanks for your inquiry.

      Please go to this page to apply for instant cash loans.

      Best,

      Jonathan

  6. Default Gravatar
    SimoneJanuary 27, 2018

    Am I eligible without pH I’d

    • finder Customer Care
      JonathanFebruary 22, 2018Staff

      Hi Simone, thanks for your inquiry.

      Can you please clarify what ‘pH I’d’ means?

      Thanks,

      Jonathan

  7. 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 finder.com.au 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.

      Cheers,
      Jonathan

  8. 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.

    • finder Customer Care
      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
      Employed
      Must have a bank account

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

      Cheers,
      Rench

  9. Default Gravatar
    TeganNovember 1, 2017

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

    • Default Gravatar
      ArnoldNovember 1, 2017

      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

      Cheers,
      Arnold

  10. Default Gravatar
    MatthewFebruary 24, 2017

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

    • finder Customer Care
      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.

      Cheers,
      May

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