Money3 Fast Cash Loan

Money3 Fast Cash Loans allow for early, penalty-less repayments with fast online applications. High fees and charges apply.

  • Please note that Money3 no longer offers this product. The information on this page has been kept for the benefit of those who are interested and historical records only. You can compare other $2,000 loans here.

With a Money3 Fast Cash Loan, you can borrow up to $2,000, with repayment terms up to 12 months. Money3 allows you to apply if you have bad credit and if you’re a Centrelink recipient, but you will need to meet other eligibility and income requirements to receive approval. This loan is expensive and comes with high fees and charges. You could be charged an establishment fee 20% of the loan amount, a monthly fee of 4% and the maximum APR is 76.38%. Payday loans are also not a long-term finance solution and should only be used in emergencies.


Maximum loan amount

Same business day

Turnaround time

3-12 months

Term of loan

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Product NameMoney3 Fast Cash Loan
Minimum loan amount$200
Maximum loan amount$2,000
Initial Maximium Loan Amount$2,000
Loan term3-12 months
Turnaround timeSame business day
Costs20% of loan amount + 4% of loan amount each month
Available to Centrelink Borrowers?No
  • Please note that Money3 no longer offers this product. The information on this page has been kept for the benefit of those who are interested and historical records only. You can compare other $2,000 loans here.

Are you struggling financially?

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.

⚠️ 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.

How does a Money3 Fast Cash Loan work?

Money3 Fast Cash Loan are short-term loans, offering up to $2,000 with repayment terms ranging between 10 weeks to 12 months. Customers can choose to make repayments weekly, fortnightly or monthly to align with their pay schedule. People also have the option to pay the loan ahead of schedule without incurring any additional charges. However, all customers will be charged an establishment fee and ongoing monthly fees.

Features of a loan from Money3

Money3 Fast Cash Loan offer the following features to Australian borrowers:
  • Borrow up to $2,000. You can borrow anywhere from $200 to $2,000 with this loan.
  • Terms of up to 12 months. The minimum loan term on a fast cash loan is 10 weeks or 3 months depending on the applicant's repayment frequency. The maximum loan term is 12 months.
  • Repayment schedules. Customers can choose to repay their fast cash loan from Money3 on a weekly, fortnightly or monthly basis to suit their budget and income. Repayments are debited from the customer's bank account and lined up with their pay schedule.
  • Early payment allowed. There is no penalty if a customer chooses to pay their Money3 fast cash loans off early.
  • Online application. People can apply for the Money3 Fast Cash Loan fast cash loan online or at a Money3 branch.
  • Eligibility requirements. Money3 considers applications from people with bad credit. It also accepts applications from people who receive a portion of their income from Centrelink. However, applicants still need to meet other eligibility requirements and demonstrate their ability to repay the loan to receive approval.

What are the risks of short term loans?

  • Unaffordable repayments. Consider the size of the regular repayments and ensure the loan is able to be repaid during the loan term. If not, extra fees apply to extend it. Be careful, since repayment periods for these kinds of loans tend to be shorter than regular loans.
  • Multiple applications. Every loan application shows up on credit reports. While lenders might not consider credit history, several applications within a short period can have a negative impact on your credit score moving forward.
  • Check rates and fees. Establishment and monthly fees are capped, so be wary of lenders quoting prices beyond the legal maximum amounts. Be crystal clear on what will be charged for late payments or a default on the loan. The total cost of the loan matters here - lenders can charge interest rates on top of everything else.
  • Long-term repercussions and legal issues. Once the loan agreement is signed, the customer is bound to its conditions until the loan and any associated rates and fees have been paid. Typically these loans are unsecured, which means that the lender can initiate legal proceedings against the customer if they can't repay.

Fees and charges

Customers will be charged the following fees:

  • A one-off establishment fee. 20% of the loan amount.
  • A monthly account-keeping fee. 4% of the loan amount.
  • Maximum Annual Percentage Rate (APR). The maximum APR is 79.38%.

How to apply for the Money3 Fast Cash Loan?

People can apply for a Money3 Fast Cash Loan online or in a branch. Before starting the application, make sure to check the eligibility criteria and required information.

Eligibility requirements

  • Age. Must be over 18 years old.
  • Income. Applicants must be employed and earn over $1,400 a month. If the applicant receives Centrelink benefits, it must make up less than 50% of their total income. The income must be paid into the customer's bank account.
  • Residency. This loan is only available to Australian residents.

Documents and information

To complete the application, people must provide:

  • Loan details. The desired loan amount and loan purpose.
  • Personal information. Full name, address, date of birth and contact details. This includes proof of identification and residence.
  • Repayment schedule. Confirm repayment schedule (weekly, fortnightly or monthly).
  • Finances. Details of employment and income. This includes digital access to 90 days worth of bank statements.

Once the application is completed and submitted, Money3’s loan underwriting team will review it and keep the applicant updated of its progress via phone and email.

Before deciding whether this loan is the right option, be sure to compare short-term loans from a wide range of lenders.

Ask an expert

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    Default Gravatar
    April 6, 2019

    I have a present loan with you and paying off regular payments can I refinance?

      Avatarfinder Customer Care
      April 7, 2019

      Hi Paula,

      Thanks for contacting Finder.

      You may need to contact Money 3 Fast Cash to check if you are eligible for refinancing. They may need to assess your profile and decide from there if you can refinance.

      Hope this helps.

      Kind Regards,

    Default Gravatar
    October 5, 2018

    Will I get approved for a loan?

      Avatarfinder Customer Care
      October 5, 2018

      Hi Shareen,

      Thank you for getting in touch with finder.

      In order for you to know your chances of being approved as soon as possible, I suggest that you check the eligibility criteria and have a checklist of the documents needed like your employment and income documents then go to their branch and submit your application. Money3’s loan underwriting team will then review your application and get in touch via phone and email regarding your application status. You may also have your other queries handy as you have the chance to ask them while submitting your application in the branch.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!


    Default Gravatar
    September 25, 2018

    I just want to know how much am I repaying back my loan.

      Avatarfinder Customer Care
      September 25, 2018

      Hello Vicki,

      Thank you for your comment.

      As per Money3, the repayments are tailored based on your regular pay schedule to make weekly, fortnightly or monthly repayments towards the loan amount. Best to get in touch with Money3 directly to inquire about the repayment.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


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