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Cash On Your Mobile is an online lender that lets customers apply for up to $2,000. Loan applicants can still be approved for a loan if they have bad credit - they just need to show a willingness and capacity to repay as well as meet the minimum requirements.
Once someone's application has been approved, the funds will be in their account within one to three business days, depending on who they bank with. Find out more about Cash On Your Mobile in this review.
$2,000
Maximum loan amount
Up to 12 months
Term of loan
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Product Name | Cash On Your Mobile Cash Loan |
---|---|
Minimum loan amount | $400 |
Maximum loan amount | $2,000 |
Loan term | Up to 12 months |
Available to Centrelink Borrowers? | Yes |
If you're struggling financially and would like to speak to someone for free financial advice, information and assistance you can call the Financial Counsellors hotline on 1800 007 007 (open from 9:30am to 4pm, Monday to Friday). If you are suffering financial problems related to the coronavirus pandemic you may be eligible for additional support. Find out more here: https://www.finder.com.au/coronavirus-financial-help
Do 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:
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.
The amount someone is approved for depends on an individual assessment of the loan’s affordability and suitability given their financial situation. Cash On Your Mobile is a finance broker. Customers can apply and access a range of other cash lenders for amounts up to $2,000. If they are approved for the loan, they will be able to repay it over a term of 1 year.
Once someone's application has been approved, a lender will be in touch via the nominated phone number provided by the applicant and they can send through the required documents. The lender will tell the applicant what they need from them, which could be payslips from their current job or a form of ID, such as a driver’s licence.
The following are some of the features of a loan from Cash On Your Mobile:
The following fees and charges are associated with this loan:
Customers may be charged late fees if they are late in making a payment, but this depends on the agreement with their lender. The late fees and charges will vary from lender to lender.
To be eligible for this loan, applicants will need to meet the following criteria:
The online application process is easy if an applicant has the information ready. It should take about five minutes, and the applicant will need to do the following:
Once someone has filled out their online application, the money will be in their nominated bank account within the next three business days after their application has been approved
While we don't directly compare the Cashonyourmobile cash loan, compare other short term loans offering similar features.