MyCashFinance Personal and Business Loans

If you’re in need of a loan, for personal or business needs, find out if you’re pre-approved within five minutes for a MyCashFinance loan.

Finding a loan when you need one doesn’t have to be a complicated process. MyCashFinance requires four simple items of information to determine if you’ve been pre-approved. The loan amount you’re approved for after you submit your full application depends on your ability to repay the loan and the market value of any assets you own. Loan terms are available up to 1 year and loans for both personal and business purposes are available.

How does MyCashFinance compare to other providers?

We currently don't compare MyCashFinance loan. However, you can compare a range of payday loans below.

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Name	Product	Max. Loan Amount	Term of Loan	Turnaround Time	Costs	Product Description
Sunshine Short Term Loans		$2,000	9 weeks	30 Minutes - conditions apply	20% of loan amount + 4% of loan amount each month	Apply online with Sunshine Loans and you could borrow up to $2,000 paid directly into your account. Family Business since 1999.	Go to site More	Compare	loading Fetching your data...
Nimble Short Term Loan		$2,000	62 days to 1 year	1 hour - conditions apply*	20% of loan amount + 4% of loan amount each month	Apply for a short term loan and you could borrow up to $2,000	Go to site More	Compare	loading Fetching your data...
Ferratum Cash Loans		$1,900	Up to 6 mths	Same Day if approved	20% of borrowed amount + 4% of borrowed amount each month	A small loan from Ferratum lets you borrow up to $1,900 without a credit check	Go to site More	Compare	loading Fetching your data...
Cash Train Loans		$2,000	10 weeks or 3 months	1 Business Day	20% of principal amount (establishment fee) + 4% monthly charge	Apply for a Cash Train loan and get up to $2,000 sent straight to your bank account. Fast online application	Go to site More	Compare	loading Fetching your data...

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What steps are involved in the loan process?

1. Choose the loan that best suits your needs.
   A Fast Cash Loan and a Small Business Loan are both on offer, so compare them to see if they suit your needs.
2. Fill out the pre-approval form.
   This form only has four fields and won’t take you more than a minute or two to complete.
3. Complete your application.
   If you are pre-approved you can complete the full application. This will then be assessed by the lender.
4. Contract and receiving your loan.
   If your loan is approved you’ll be sent a loan contract to sign. Once this is done you will be sent your loan.

What loans does MyCashFinance offer?

MyCashFinance gives you the choice between two loans:

• Fast Cash Loan. Borrow between $1,600 and $10,000 with this loan and have up to 1 year to repay it. Repayments are based on your financial circumstances and can be weekly, fortnightly or monthly. You’re able to repay the loan early without penalty.
• Small Business Loan. Loans for business purposes are available for amounts between  and $500,000. You’ll have up to 3 years to repay the loan in weekly, fortnightly or monthly installments or through capitalised repayments. Interest starts a 2% per month and loans can be secured or unsecured.

Features of a MyCashFinance loan

Taking out a loan with MyCashFinance gives you access to certain features, including:

• Choice of loan. You have the choice between a Fast Cash Loan and a Small Business Loan.
• Lengthy repayment terms. Have a little longer to repay your loan than with standard payday lenders – you could have up to 1 year to repay a Fast Cash Loan or  3 years for a Small Business Loan.
• Joint application. If you’re not eligible for a MyCashFinance loan you can apply with another person who is in order to be approved.
• Receive your loan quickly. If you submit your application and the loan is settled before 3pm you can receive your funds on the same day. Loans settled after this time will be received by the following business day.

Are you eligible for a loan?

To be eligible for a Fast Cash Loan you need to:

•  (if you don’t own either you can apply with someone who does)
• Receive at least  in after-tax income a week
• Have acceptable credit history (bad credit is considered)
• Be over the age of 18

To be eligible for a Small Business Loan you also need to:

• Be using the funds for business purposes
• Be starting a new business or operating an existing business

MyCashFinance offers two flexible solutions for both your business and personal financing needs. Before you apply or even start the pre-approval process, compare the loans available so you get the best loan for what you need.

Frequently asked questions

What happens when I submit my application?

After you are pre-approved and submit your full application, a lender will review it and a contract will be generated. After you accept and sign the contract the money can be transferred to your bank account.

I receive Centrelink payments. Can I be approved for a loan?

You can approved if you earn over  per week. You will not be eligible if your income comes from Newstart, Youth Allowance or Austudy.

Can I repay my loan early?

This is possible with most lenders but it would be best to check if there are any fees involved before doing so.

Are there any credit checks?

Yes, your credit file will be checked, however you can still be eligible for loans with bad credit.

How can I receive my loan on the same day?

Submit your loan application in full as early as possible. If all supporting documents are received and the loan is settled before 3pm, the funds can be transferred on the same day.