Cash Train Payday Loans Comparison & Reviews |

Cash Train Online Loans

Cash Train specialise in short term loans, covering customers finances until they receive their next pay.

Cash Train

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

There are many options when it comes to accessing credit. If someone needs a small loan to cover them, they might consider a short term loan. These loans are designed for unexpected expenses and usually have more flexible application criteria than what is offered by banks or other lenders, making them an option for those earning a lower income, with bad credit or those who receive Centrelink payments.

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. Find out more here:

⚠️ 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.

Data updated regularly
Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Cash Train Loans
10 weeks or 3 months
1 Business Day
20% of principal amount (establishment fee) + 4% monthly charge
A small cash loan from $200 that can be in your account in 1 business day. Simple eligibility criteria and transparent costs.

Compare up to 4 providers

Cash Train is a lender who specialises in these types of loans and helps out Australian customers in need of cash. When choosing a short term loan lender applicants need to ensure they are reputable, reliable and contactable. Cash Train is a trading brand of MONEY3 Services Pty Ltd Credit Licence Number 389 189. They established operations in 2009, with their management team being involved in short term loans since 2003.

Types of short term loans from Cash Train

Cash Train offers short term loans of between $200 and $2,000 (up to $800 for new customers). Cash Train Loans are not meant to be used to fix longer term financial issues or pay for recurring expenses.

Features of Cash Train short term loans

Short term loans from Cash Train have some notable features which make them an option to consider for some customers.

  • Loan approval and payout. Cash Train approves loans online through its simple application process. Funds can be sent to a successful applicant's bank account within one business day of them being approved, but how long it actually takes for the money to be transferred to their account depends on who they bank with.
  • Loan amount. Customers can borrow between $200 and $2,000 (up to $800 for new customers).
  • Loan repayments. The repayment schedule outlined in a customer's contract will depend on their pay frequency. If they are paid weekly they will make 10 repayments over 10 weeks, if they are paid fortnightly they will make five repayments over 10 weeks, and if they are paid monthly they will make three repayments over a three-month period.

Fees and charges

Cash Train is transparent about the fees and charges of its short term loans. The amount someone pays will depend on the size of loan they take out and their repayment schedule.

What a customer might be charged:

  • If someone fails to make a scheduled repayment they may be charged $25

What a customer will be charged:

  • An establishment fee which is 20% of the loan amount
  • Monthly fees which are 4% of the loan amount

Applying for a Cash Train Loans

In order to apply for short term loan from Cash Train successful applicants will need to meet the following eligibility criteria:

  • Be over 18 years of age
  • Be employed (casual and part-time employees can apply, but you cannot be self-employed)
  • Earn over $1,200 a month
  • Be paid regularly into their bank account i.e. weekly, fortnightly or monthly, and not in cash
  • If someone has bad credit they can still be considered for a loan. Cash Train looks at their current financial situation, loan purpose and their ability to make your repayments.
  • If someone receives Centrelink payments, at least 50% of their income needs to come from employment and they need to earn $1,200 per month from that employment

Customers will need to provide Cash Train with details of their employment and any benefits they receive. They will also need to provide statements for the last ninety days so Cash Train can determine what kind of loan amount they can afford.

Frequently asked questions

What if I have second thoughts about my loan application?

If someone applies for a loan and they change their mind, Cash Train promotes a 24-hour guarantee where if they decide a short term loan is not right for them and return the money within 24 hours, there is nothing extra to pay.

Can I borrow from Cash Train again?

Cash Train does allow repeat borrowers. If someone has borrowed from Cash Train before and wishes to do so again they can apply using the 'existing customers' application form.

When will I receive my loan?

Cash Train send out loans within one business day of approval, but a person receiving this money will depend on the bank they are with.

What is the loan term?

Cash Train offers a maximum term of 10 weeks or 3 months depending on the applicant's frequency of pay.

There are a number of similar loan products on the market, so prospective borrowers should compare their options carefully before submitting an application.

More guides on Finder

  • Handypay Personal Loan

    Find out more about Handypay's personal loans for home improvements. Personalised rates start from 6.75% p.a. on terms from 1 to 7 years.

  • Pepper Money No Fee Personal Loan Review

    Find out more about Pepper Money's no fee personal loan and benefit from a competitive rate from 6.95% p.a., zero fees and loan terms of up to 7 years.

  • Brighte Personal Loan

    Looking to renovate your home? Find out more about Brighte's personal loan for home improvements and ways in which it may be able to benefit you.

  • Alex Personal Loan review

    Alex is a neobank lender specialising in personalised rate personal loans. Find out more about Alex's personal loans and what fees and features are involved.

  • nmoni Personal Loans review

    nmoni is an Australian lender that offers personal loans to both good and bad credit applicants. Find out more about nmoni's rates, fees and features.

  • Plenti green loans

    Becoming more energy efficient has a multitude of benefits for both the environment and your wallet. An added bonus is, you might be able to get a low-rate loan to help you. Find out more about Plenti's green loan here.

  • Plenti Car Loan

    Plenti car loans offer competitive, personalised interest rates, as well as the choice to have your loan secured or unsecured. Find out more about Plenti's car loans here.

  • Nifty Medium Loans

    Find out more about secured medium loans from Nifty. Get a loan from $2,001 to $5,000 today.

  • Safe Financial Small Loan

    Safe Financial offers short term loans between $1,000 and $5,000 with repayment terms up to 52 weeks.

  • Low interest business loans

    Is a low interest rate business loan right for your business? Find out what you need to know about these loans and how to compare them before you apply.

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

18 Responses

    Default Gravatar
    PaulOctober 8, 2016

    Hey can people from around kenya in africa apply for a loan

      Avatarfinder Customer Care
      DeeOctober 9, 2016Staff

      Hi Paul,

      Thanks for your question.

      Unfortunately, Cash Train only offers loans to Australian residents.


    Default Gravatar
    BoApril 28, 2016

    Hi I was just wondering who I would contact in regards to changing the payment days if possible as I’m unsure on how to do so, thanks.

      Avatarfinder Customer Care
      ElizabethApril 28, 2016Staff

      Hi Bo,

      I’ve emailed you a link to get to Cash Train’s customer support page.

      Hope this helps,


    Default Gravatar
    ValerieFebruary 6, 2015

    Hi Your business hours say 8.00-4.00 but I have been trying to call and only get message

      Avatarfinder Customer Care
      ShirleyFebruary 6, 2015Staff

      Hi Valerie,

      Thanks for your question.

      Please note that is an online comparison service and does not represent CashTrain.

      If you still can’t get through on the phone, you may want to try emailing them instead using the form on their web site. Cash Train are located in WA and operate on Australian Western Standard Time (AWST).


    Default Gravatar
    katrinaDecember 23, 2014

    do u give loans to single parent pensioners

      Avatarfinder Customer Care
      ShirleyDecember 24, 2014Staff

      Hi Katrina,

      Thanks for your question.

      To be eligible for a loan from Cash Train you need to be over 18 years of age, employed, earn over $1,200 a month and be paid regularly into your bank account i.e. weekly, fortnightly or monthly, and not in cash.

      If you are self-employed or on benefits as a your primary source of income, Cash Train will not be able to approve a loan.


    Default Gravatar
    cindyAugust 31, 2014

    Hi i got an email yesterday (saturday) saying that i have been approved it says u will email me when the money has been transferred, just wondering how long it will take, thanks cindy

      Avatarfinder Customer Care
      ShirleySeptember 1, 2014Staff

      Hi Cindy,

      Thanks for your question.

      Just to clarify, is an online comparison service, we are not affiliated with Cash Train.

      When your loan has been approved, Cash Train transfers the money to your account on the same or next business day.


    Default Gravatar
    philJune 11, 2014

    just wondering if i borrowed $600 what is the repayment

      Avatarfinder Customer Care
      MattJune 11, 2014Staff

      Hi Phil,

      Thanks for your comment. Payday lenders fees in Australia are capped at 20% of the principle amount and 4% monthly account fees(this doesn’t include fees if you don’t pay back your loan on time.)If your loan goes over 1 month you will be charged a further 4%.To calculate your amount, please click the more button through to CashTrain to use their repayment calculator.

      I hope this has helped!


    Default Gravatar
    colleenMay 31, 2014

    Hi, I have been approved for a payday loan.
    I bank with Westpac, My approval email was sent to me at 6.30pm on Friday, Could you tell me if the money possibly go through to my account over the weekend or would I have to wait until banks open on Monday.. thanks

      Avatarfinder Customer Care
      ShirleyJune 2, 2014Staff

      Hi Colleen,

      Thanks for your question.

      On the CashTrain website it states that “Once you’ve been approved for your payday loan, we will electronically transfer the money to your bank account on the same day. If you bank with one of the big four, the loan will normally be available on the same day – often within hours. Otherwise, the funds normally hit your account the following morning.”


    Default Gravatar
    AliMay 17, 2014

    Does cash train approve and send money on the week ends

      Avatarfinder Customer Care
      ElizabethMay 20, 2014Staff

      Hi Ali,

      Thanks for your question.

      Cash Train doesn’t approve or send money for loans on the weekends, and is only able to process loans Monday to Friday.

      I hope this has helped.



    Default Gravatar
    AmerMay 14, 2014

    I’m looking for a no credit check payday loan. Do u have that service.

      Avatarfinder Customer Care
      ShirleyMay 15, 2014Staff

      Hi Amer,

      Thanks for your question.

      Please see our page on quick payday loans with no credit checks. Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.


Go to site