Cash Today provides emergency funds to cover urgent cash flow issues in times of need.
Cash Today is an Australian personal and payday cash loan services. This lender offers a spectrum of personal loans for all purposes, focusing on short term cash loans with various options for borrowers regarding the term of the loans repayment options and amounts which may be borrowed.
Cash Today loans are structured as fast turnaround loans, with online approvals and direct deposit funding with cash loans of up to $500.
Alternatives to Cash Today Payday Loans
Whilst we don't directly compare Cash Today Payday Loans, you could use the table below to compare a range of loan options available
Types of personal loans from Cash Today
Cash Today loans are straightforward small cash loans, designed to provide quick cash solutions for borrowers to manage bills and domestic budget expenses. The loans don’t require borrowers to provide a specific purpose for these loans.
Loan fees are based on a standard fee per $100 of the amount borrowed, with a set management fee. Please note, this is a different payment scenario to the conventional interest rates charged by banks and other lenders. Amounts payable are calculated on specific loan amounts, and do not include accumulated interest.
Cash Today loans are available for businesses and self-employed individuals on the same basic terms as those for other borrowers, although documentation requirements vary from other loans.
Features and benefits of a Cash Today personal loan
Simple repayments. Payments are deducted regularly, typically on a weekly basis, by direct debit through a nominated bank account with loan fees and charges based on agreed loan contract terms. Payments are structured to discharge the loan over the term of the loan, with each payment being for the same amount.
Early loan repayment options. Cash Today permits early repayment of loans without incurring penalties or other charges.This early repayment option may be of value to borrowers if early repayment discharges the loan prior to the due date for finalisation, and thereby reduces the cost of loan fees and charges.
Fast pre-approvals. Cash Today states that pre-approvals are granted quickly, in line with their advertised service of providing fast cash for borrowers. Pre-approvals are not loan approvals but preliminary approvals related to the initial information supplied by borrowers. Final loan approvals are based on the provision of required documentation and a formal assessment process, after which the lender gives formal approval to the loan application.
Quick funding. Cash Today advertises a 24-hour funding process after the approval of loans, subject to financial institution processing time frames. Quick funding is a primary focus of Cash Today’s loans, which may be useful to borrowers by providing access to funds more quickly than other borrowing options.
How to apply for a personal loan from Cash Today
In the first stage of application, borrowers register with Cash Today, providing basic information and creating a password to access their accounts. After registration, borrowers click ‘Continue’ to proceed to the loan application form page. The completed loan application is submitted, and Cash Today conducts an assessment, providing either information regarding required documentation or notifying borrowers whether the loan application is approved or declined.
To be eligible for a Cash Today loan, borrowers must be employed for at least four consecutive months, and have had a valid bank account for at least three months.
Cash Today loans are designed to assist borrowers with small cash flow issues. These loans are classic payday loans, structured to provide interim cash when borrowers need money to cover expenses.
The basic loan model of Cash Today loans is market standard, charging set fees per $100 of loan amount plus management fees, with a quick turnaround loan term and regular loan repayments.