Cashfirst Unsecured Personal Loan

Information verified correct on October 28th, 2016

Enjoy a quick turnaround time on loans up to $15,000 with Cashfirst.

Important Information

If you’re in need of a loan, and if you have been rejected by other banks or lenders, then you might want to consider a personal loan from Cashfirst.

Cashfirst also offer a secured loan that you can use to finance a new car. You can also use a car less than 7 years old to use as security against the loan.

Product NameCashfirst Unsecured Personal Loan
Interest Rate (p.a.)From 16.99% (fixed)
Comparison Rate (p.a.)17.35%
Interest Rate TypeFixed
Maximum Loan Term5 years
Min Loan Amount$1,000
Max. Loan Amount$15,000
Application Fee$50 (loan establishment fee)
Loan SecurityUnsecured


  • Bad credit borrowers accepted
  • High loan amount
  • Online application


  • Higher interest rate
  • Application fee of $50
  • Late fees may be charged

Today, having a less-than-stellar credit file does not have to stop you accessing much-needed finance. You may be in a difficult financial situation and need a loan to have your car repaired, pay medical bills, or even consolidate existing debts. And while you might want the benefits of a payday loan, including quick turnaround time and flexible eligibility, the loan amounts on offer may not be enough. Cashfirst offers people in these situations loans of up to $15,000 for periods of up to 5 years.

How does a personal loan from Cashfirst work?

Cashfirst offers loans of between $1,000 and $15,000 to eligible applicants. In order to apply, you need to fill out an online application form, where your suitability will be assessed and you will receive a response within 60 seconds. At this stage further documents may be requested. If approved, you will receive a credit proposal (contract) by email. After you sign the contract and it is returned to Cashfirst, the funds will be transferred directly into your bank account.

Features of a Cashfirst Personal Loan

  • Loan terms and amount. Cashfirst lets you borrow between $1,000 and $15,000, although the amount you are approved for will depend on your income and financials, and the loan terms are between 13-60 months.
  • Approval and turnaround time. Once you apply you will receive a response within 60 seconds, and once you have been approved you can receive your loan amount in as little as 24 hours.
  • Adding to your loan. You have the ability to top up your loan should you need to, although approval for this feature depends on whether you have a positive repayment history.
  • Debt consolidation. Cashfirst allows you to consolidate your existing loan and bill debts into one easy to manage repayment.
  • Early repayments. You are also able to repay your loan early should you be able to.

Fees and rates

The fees and rates you will be charged will be set out in your contract, which you need to agree to and sign before you are sent the loan amount. Cashfirst works on a tiered interest rate system, where your credit score and your financial situation determine the rate you will be offered. Interest rates start at 16.99% p.a. and there is a $50 application fee.

Things to consider

Before you apply for a personal loan you should consider your reasons for getting it, whether you need it, and your ability to repay the loan. If you are unable to get a loan from a bank or other lender and are in need of this money, use the percentage rate to calculate your repayments and see if they will be manageable on your budget.

The rate of 16.99% p.a. is significantly higher than other personal loans, and will contribute significantly to your repayments. Before you apply, think about whether the repayments will be manageable on your budget.


To be eligible for a Cashfirst loan you will need to be employed, earning a salary of $20,000 a year or higher and be over the age of 18. You cannot currently be bankrupt or under a Part 9 Debt Agreement. Cashfirst will consider your individual situation when assessing you for a loan, so all applications are judged on a case-by-case basis.

How to apply

To apply for a personal loan from Cashfirst you can follow the secure link on this page to the Cashfirst website to fill out an online application form. You will need to provide the following documents at some stage in the application process:

  • Scanned copy of your driver’s license, passport or photo ID card with all relevant information showing.
  • Medicare card.
  • A current bank statement that shows 90 days of your account transaction history.
  • Two recent payslips.
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112 Responses to Cashfirst Unsecured Personal Loan

  1. Default Gravatar
    Anne | October 25, 2016

    Need personal loan for $10.000.00..

    • Staff
      Elizabeth | October 25, 2016

      Hi Anne,

      If you’d like to apply for a loan with Cashfirst you can submit your application on its website. Make sure you meet the eligibility criteria (listed above) before you apply.

      Hope this helps,


  2. Default Gravatar
    Jose | October 20, 2016

    I need to get a loan of 8000$

    • Staff
      Elizabeth | October 20, 2016


      If you’d like to apply for a loan you can submit your application directly on the Cashfirst website. Make sure you meet the eligibility criteria before submitting your application.

      Hope this helps,


  3. Default Gravatar
    Michelle | September 26, 2016

    My partner and I own a business and only had it for 5 months we are waiting for invoices to be paid but in the mean time we owe bill as well and was wondering if you be able to lend us $10,000
    We also own two cars

    • Staff
      Anndy | September 26, 2016

      Hi Michelle,

      Thanks for reaching out.

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

      If you are looking to apply for a business loan, you can compare your options on this page.

      TO submit an application, just click the ‘go to site’ button, but be sure to read the eligibility criteria first.


    • Default Gravatar
      Michelle | September 26, 2016

      I don’t need a business loan I need a personal loan

    • Staff
      Anndy | September 26, 2016

      Hi Michelle,

      Sorry for the confusion earlier and thanks for getting back.

      To compare your personal loan options, you can check this page.

      On top of the page, you can search for the type of personal loan you are looking for. You can also take advantage of the loan calculator so you’ll know which lenders have low monthly repayments for the amount you want to borrow.


  4. Default Gravatar
    Amanda | September 25, 2016

    Hi there i have two defults on my credit file one payed an one not, also i make gross 2150 though i get payed with payslips though get payed cash do i comply ????

    • Staff
      Elizabeth | September 26, 2016

      Hi Amanda,

      I can’t guarantee you will be approved, but you meet the minimum income requirements (over $20,000 p.a.) and Cashfirst considers those with bad credit history for loans. Keep in mind the rest of your financial situation will be evaluated as part of the loan application to make sure you can afford the loan.

      Hope this helps,


    • Default Gravatar
      Price | September 27, 2016

      Can u help I really need money

    • Staff
      Matt | September 27, 2016

      Hi There

      Thanks for your comment. You’ve come through to – an online comparson service.

      If you’d like to speak to Cashfirst, you’ll have to visit their web site directly. If you’d like to compare a range of loans you can apply for please check out our guide.

      Hope this helps

  5. Default Gravatar
    Elliott | September 22, 2016

    I am in need of a 12,000 loan but i have bad credit. I make 95,000 a year and would be able to make payments

    • Staff
      Elizabeth | September 22, 2016

      Hi Elliot,

      Cashfirst will consider you for a loan despite your bad credit history. If you meet the eligibility criteria outlined on the page above you can submit your application on the Cashfirst website.

      I hope this helps,


  6. Default Gravatar
    Aaron | September 4, 2016

    Hi I’m a 100+% total and permanent disabled veteran and make just more than twice the qualified income. I don’t have payslips as my income isn’t taxed and is direct deposited. I have approx 650-700 credit score depending on the institution. A few years of good credit history but still A few accts that I’m cleaning up. I have all of the other necessary requirements. License medical card and bank account statements. Would I qualify for a 11,000 loan?

    • Staff
      Elizabeth | September 5, 2016

      Hi Aaron,

      I can’t advise whether or not you will qualify for a loan as it depends on Cashfirst’s assessment of your application. If you meet the minimum criteria you’re able to apply – you may want to confirm with Cashfirst directly if you can provide your bank statements to verify your income.

      Hope this helps,


  7. Default Gravatar
    Steve | September 1, 2016

    Hi i have had recent declines on a cpl of cash converters loans and im lookin to borrow 7k for a car. Im ft employed how do i apply

    • Staff
      Elizabeth | September 2, 2016

      Hi Steve,

      You can apply if you have bad credit as long as you meet the minimum criteria. Keep in mind your credit history will be considered when determining if you’re able to manage the loan.

      Hope this helps,


  8. Default Gravatar
    Gauthami | August 29, 2016

    Hi there
    I have already got loan with cash first and wanted to know the criteria to get more loan

    • Staff
      Elizabeth | August 29, 2016

      Hi Gauthami,

      You can apply for a Cashfirst loan top up as long as your current loan has been active for six months. Approval will be determined on your ability to afford the loan.

      You can apply online at the Cashfirst website.



  9. Default Gravatar
    Ploma | August 29, 2016

    Hi. I’m getting money, newstart allowance and family benefit from the centrelink. Am I eligible to have personal loan?

    • Staff
      Elizabeth | August 29, 2016

      Hi Ploma,

      Unfortunately you need to be currently employed to be eligible for a Cashfirst loan. You can compare your other options on this page.

      Hope this helps,


  10. Default Gravatar
    Maddison | August 25, 2016

    Would my partner and i be eligible for a loan if our combined income is $65000 a year. Partner earns $50000 and i earn $15000. Do i need to be earning $20000 for us to be eligible?


    • Staff
      Elizabeth | August 26, 2016

      Hi Maddison,

      Whoever submits the loan application needs to be receiving $20,000 per year. If your husband applies he will be eligible (if he meets the other criteria) but as you’re earning under the minimum you won’t be. If you have further questions about Cashfirst and your eligibility you may want to contact them directly.

      I hope this has helped,


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