Finder makes money from featured partners, but editorial opinions are our own.

Cash On Your Mobile Cash Loan

These loans are easy to apply for, and accept bad credit and Centrelink applicants, but come with high fees and charges.

No reviews yet. Write a review

⚠️ 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 Cash On Your Mobile small loan work?

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.

Features of a loan from Cash On Your Mobile

The following are some of the features of a loan from Cash On Your Mobile:

  • Loan term. The loan term is 1 year+.
  • Straightforward fees. Once someone has been approved, they will be required to pay an establishment fee of 20% of the amount they borrowed as well as a 4% monthly fee over the duration of the loan.
  • Online application. The online application takes about five minutes to complete and the information that is needed is straightforward. The applicant is required simply to supply some personal details as well as information about their income and then click “apply now”.
  • Turnaround for funds. Once someone has signed the paperwork from the lender and their application has been approved, the funds will be in their account within one to three business days. This varies depending on who the applicant banks with.
  • Can apply on Centrelink. Prospective applicants who receive Centrelink payments may still be eligible to apply for this loan. However, this varies depending on their ability to offer security for the loan.
  • Can offer security. Customers do not need to offer security to be considered for this loan, but they can do so if they want to increase their chances of approval. Customers can use their car, bike, boat or savings account as security for a loan.
  • Varied loan amounts. Customers can apply for a minimum of $400 and a maximum of $2,000 with this loan.
  • Access to a range of lenders. Cash On Your Mobile is a finance broker, so it brokers deals with lenders to ensure that a person's application is more likely to be approved.

Fees and charges

The following fees and charges are associated with this loan:

  • An establishment fee of 20% of the loan amount that they have borrowed.
  • A 4% monthly fee on the amount that they have borrowed.

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.

Cash On Your Mobile loan eligibility

To be eligible for this loan, applicants will need to meet the following criteria:

  • Be at least 18 years old
  • Have held the same job for the past 30 days
  • Bring home at least $1,000 per month
  • Provide a home and work phone number as well as an email address
  • Meet their responsible lending requirements by showing their current debts and their credit rating

How to apply

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:

  • Meet the responsible lending requirements by showing their current debts and their credit rating
  • Enter personal information, such as their income, address, postcode, date of birth and their full legal name
  • Offer any assets as security, such as a car, savings or a boat, to make their application look more desirable
  • Enter their employment status, their employer’s name and the reason for the loan

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

Comparison of other short term loans

While we don't directly compare the Cashonyourmobile cash loan, compare other short term loans offering similar features.

1 - 6 of 6
Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Sunshine Short Term Loans
12-20 weeks
30 minutes - conditions apply
20% of loan amount + 4% of loan amount each month
A small loan up to $3,000 that you repay over 12-20 weeks. Loans approved and funded in as little as 30 minutes. Centrelink must not be your primary income
Fair Go Finance Small Loan
3 to 12 months
24 to 48 hours
Establishment Fee of $60 – $400
A small loan between $500 and $2,000 that can be funded in 24 hours.
Credit24 Short Term Loan
4 to 12 months
Same day - conditions apply
20% of loan amount establishment fee + 4% of loan amount monthly.
Credit24 offers this loan up to $2,000 and gives you 12 months to repay. Centrelink borrowers are considered as long as Centrelink payments are not more than 50% of income.
Nimble Small Loan
62 days to 9 months
1 hour - conditions apply
20% of loan amount + 4% of loan amount each month
A loan up to $2,000 with terms up to 62 days to 9 months. Centrelink cannot be your primary source of income.
Safe Financial Small Loan ($500 to $2000)
13 to 50 weeks
Same day - conditions apply
20% establishment fee + 4% monthly.
Borrow from $500 to $2,000 with same-day funding and no early repayment fees.
Fundo Small Loan
13 to 26 weeks
Same day - conditions apply
20% of loan amount + 4% of loan amount each month
Borrow up to $2,000 and pay it off over 20 weeks. Same day approval for eligible borrowers.

More guides on Finder

  • Payday loans with no credit checks

    These lenders won't complete a credit check when people apply for a loan, but there are other eligibility requirements that applicants must meet. Learn more here.

  • Car repair loans

    Your guide to the finance options available when you need some extra funds to repair your car.

  • How to avoid loan sharks in Australia

    Need a loan but are worried you won't be approved? Before jumping the traditional bank ship and searching for a loan shark, find out how these "lenders" operate in Australia and why you should avoid them.

  • Nimble vs Cash Converters

    Deciding which short-term loan is right for you can be tricky. We compare Nimble and Cash Converters to see which fees and features will suit you best.

  • Payday loan alternatives

    If you're looking for a quick financial solution, payday loans aren't your only option. Find out what alternatives are available to you.

  • Low income loans

    Find out what options are available and how much you need to earn to be eligible for a small personal loan.

  • Repaying payday loans early

    Why not repay your payday loan early if you can? Find out which lenders let you close your loan early without charging you a penalty or fee.

  • Loans for unemployed applicants

    Compare loans that are available to unemployed applicants, learn about the eligibility requirements and discover alternative options.

  • Do payday loans affect my credit score?

    Learn about the information that's listed on your credit report and understand how a payday loan can impact your credit score.

  • A guide to cashing a cheque

    Cheque cashing offers a way to receive money instantly, for a fee, rather than waiting for the three-day turnaround usually required by banks.

Ask a Question

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 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site