Review of MyCashFinance short term and business loans |

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.

My Cash Finance

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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.

Data updated regularly
Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Sunshine Short Term Loans
9-14 weeks
30 minutes - conditions apply
20% of loan amount + 4% of loan amount each month
A small loan up to $2,000 that you repay over 9-14 weeks. Loans approved and funded in as little as 30 minutes.
Nimble Short Term 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.
Fair Go Finance Small Loan
3-12 months
24 to 48 hours
0% Establishment Fee + monthly fee 4%
A small loan between $500 and $2,000 that can be funded in 24 hours. Note: Save up to $400 when you apply for a small loan from $500 to $2,000 and are approved for a 0% establishment fee. T&Cs apply.

Compare up to 4 providers

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 $1,000 and $1,000,000. 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.

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4 Responses

    Default Gravatar
    NikMay 7, 2018

    Hi I am about 12 months out of bankruptcy and looking for a 10k loan unsecured any recommendations

      Default Gravatar
      NikkiMay 7, 2018

      Hi Nik,

      Thanks for your message and for visiting Finder.

      Some lenders consider applicants if they’ve been discharged from bankruptcy or are currently bankrupt. However, please note that the fees and rates will be considerably higher on bankrupt loans. Please check our list of loans for bankrupts. There are few lenders on our table that may consider you for an unsecured loan. You can click the name of the lender to be redirected to our review page and learn more about the lender’s loan offer, rates, and requirements as well as the pros and cons of using their loan service. When you are ready, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      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. You can also contact the provider if you have specific questions.

      Hope this helps! Feel free to message us anytime should you have further questions.


    Default Gravatar
    VickyMay 25, 2016

    Hi, I would like to know if I can borrow $6,000 to pay out my Bankruptcy. My husbands bankruptcy has just been discharged, but Mine has approx $6,000 remaining. The caveat on the house can’t be released until I am discharged as we are wanting to borrow money for a business opportunity.
    I have been paying between $1000. -$1300 per month currently off this bankruptcy estate.
    Can you please advise if this request is possible?

    Thank you and regards

      Avatarfinder Customer Care
      ElizabethMay 26, 2016Staff

      Hi Vicky,

      To be eligible for a loan with MyCashFinance you need to apply with a guarantor if you are bankrupt. However, I’m unsure if your husband will be eligible as a guarantor if he is a discharged bankrupt. You will need to contact MyCashFinance to confirm this. You can also find out some of your other options by checking bankrupt loans.

      I hope this helps,


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