Cash Train Online Loans

Cash Train specialise in short term loans, covering your finances before you receive your next pay.

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Cash Train

There are many options when it comes to accessing credit. If you need a small loan to cover you, you might want to 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 a good option for those earning a lower income, with bad credit or those who receive Centrelink payments.

Updated October 23rd, 2019
Name Product Maximum Loan Amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
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.

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Cash Train is a lender who specialises in these types of loans and helps out Australian customers in need of quick cash. When choosing a short term loan lender you 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 great features which make them a great option to consider.

  • Fast loan approval and payout. Cash Train approves loans online through its quick application process. Funds can be sent to your account within one business day of you being approved, but how long it actually takes for the money to be transferred to your account depends on who you bank with.
  • Loan amount. You can borrow between $200 and $2,000 (up to $800 for new customers).
  • Loan repayments. The repayment schedule outlined in your contract will depend on your pay frequency. If you are paid weekly you will make 10 repayments over 10 weeks, if you are paid fortnightly you will make five repayments over 10 weeks, and if you are paid monthly you 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 you pay will depend on the size of loan you take out and your repayment schedule.

What you might be charged:

  • If you fail to make a scheduled repayment you may be charged $25

What you 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 you need to meet these 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 your bank account i.e. weekly, fortnightly or monthly, and not in cash
  • If you have bad credit you can still be considered for a loan. Cash Train looks at your current financial situation, loan purpose and your ability to make your repayments.
  • If you receive Centrelink payments, at least 50% of your income needs to come from employment and you need to earn $1,200 per month from that employment

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

Frequently asked questions

What if I have second thoughts about my loan application?

If you apply for a loan and you change your mind, Cash Train promotes a 24-hour guarantee where if you decide a short term loan is not right for you 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 you have borrowed from Cash Train before and wish to do so again you can apply using the 'existing customers' application form.

How quickly will I receive my loan?

Cash Train send out loans within one business day of approval, but the speed at which you receive this money will depend on the bank you are with.

What is the loan term?

Cash Train offers a maximum term of 10 weeks or 3 months depending on your frequency of pay.

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18 Responses

  1. 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.


  2. 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,


  3. 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).


  4. 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.


  5. 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.


  6. 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!


  7. 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.”


  8. 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.



  9. Default Gravatar
    AmerMay 14, 2014

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

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