Quick Loans: Get Fast Cash When You Need It Most

Why Choose Cash Today for Quick Loans?

Fast Approval Process: Our online application is quick and easy, and once approved, you can receive your funds in as little as an hour, depending on your bank’s processing times.

Flexible Loan Amounts: We offer urgent loans ranging from $1,000 to $5,000 and competitive personal loans between $5,000 and $80,000, allowing you to borrow what you need for both short-term and larger financial needs.

Responsible Lending: Cash Today is committed to responsible lending practices. We assess your financial situation to ensure you can comfortably repay the loan without additional financial strain.

(*Subject to approval and depending on bank transfer processing times.)

Loan Features

Loan Amounts:

• Urgent Loans: Borrow between $1,000 and $5,000 for short-term financial needs.
• Personal Loans: For larger financial commitments, we offer personal loans ranging from $5,000 to $80,000.

Loan Terms:

Repayment periods range from 3 to 12 months for urgent loans, and up to 7 years for personal loans, offering flexibility based on your needs.

Loan Fees:

Small Loans:

• $500 loan: $100 establishment fee, $20 monthly fee
• $1,000 loan: $200 establishment fee, $40 monthly fee
• $2,000 loan: $400 establishment fee, $80 monthly fee

Personal Loans:

Personal loans have competitive rates between 7.24% – 19.99%, with fees dependent on the loan type.

Who Is Eligible for a Quick Loan?

To apply for a quick loan with Cash Today, you must meet the following criteria:

1. Be over 18 years old
2. Be an Australian citizen or permanent resident
3. Be employed with a regular income
4. Provide a 90-day read-only bank statement for verification

If more than 50% of your income comes from Centrelink, you may not qualify for an urgent loan, but we offer second chance loans that could suit your situation.

How the Process Works: Simple Steps to Apply for a Quick Loan

• Apply Online in Minutes: Fill out our simple online application in just minutes with your personal and financial details.
• Receive Quick Approval: Once we review your application, you’ll receive a decision quickly, and if approved, you can receive your funds the same day*.
• Get Your Funds: Upon approval, funds are transferred directly to your bank account. Most customers receive their funds within one hour of signing the loan contract*.

What Can You Use a Quick Loan For?

Our quick loans are perfect for covering unexpected expenses:

• Emergency Medical Bills
• Car Repairs or Maintenance
• Home Repairs or Renovations
• Urgent Travel Expenses
• Unexpected Utility or Rent Payments

Cash Today provides the financial support you need, when you need it.

Quick Loan Comparison: Urgent Loans vs. Personal Loans

Understanding which type of loan suits your needs is important. Here’s a quick comparison to help you decide:

If you’re unsure which loan option works best for you, contact our team to discuss your financial situation and find the right solution.

Loan Rates and Applicant Categories

Great Applicants:

Loan Rate: You’re likely to qualify for the best loan rate, starting from 7.24%.

Characteristics:

• Credit score above 600.
• Stable employment and clear repayment affordability.
• Low debt-to-income ratio and minimal existing loans.
• No disqualifying conditions.

OK Applicants:

Loan Rate: You may be offered a rate midway between 7.24% and 19.99%, depending on your specific financial circumstances.

Characteristics:

• Credit score above 400.
• Some gaps in employment but clear repayment affordability.
• Debt-to-income ratio approaching 36%.
• No disqualifying conditions.

May Not Be Suitable Applicants:

Loan Rate: You might be offered a loan at the higher end, up to 19.99%, to compensate for the increased risk of defaulting. In some cases, you may be declined for a loan.

Characteristics:

• Credit score below 400 or no credit score.
• Higher debt-to-income ratio (above 36%) or significant outstanding debts.
• History of unemployment or frequent job changes.
• No disqualifying conditions.

Are There Risks with These Loans?

While loans can be helpful in managing unexpected expenses, they also come with some risks. However, Cash Today minimises these risks by offering a pre-qualification process that is obligation-free and does not affect your credit rating.

Here’s how our process works to reduce risk:

• Pre-Qualification Check: Before you commit to applying, you’ll complete a pre-qualification check that shows you which loans you qualify for based on your financial profile. This process doesn’t affect your credit score.
• Review Loan Options: After the pre-qualification, you can review the loan rates, fees, and terms to select the option that suits your needs. You’ll be able to make an informed decision before proceeding with the application.
• Opt Out Without Risk: If you decide the loan options presented aren’t right for you, you can opt out at this stage without any risk or impact on your credit score.

This way, you can evaluate your loan options without pressure, and you’re not locked into anything unless you’re comfortable with the terms.

FAQs About Quick Loans

What if I have a low credit score?

Even if your credit score isn’t perfect, you may still qualify for a quick loan. We offer second chance loans for borrowers with less-than-ideal credit histories, giving you an opportunity to rebuild your financial standing.

How fast will I get the money?

If your application is approved within business hours, the fastest that your funds can be transferred is within an hour. Actual timing depends on your bank’s processing times, but the instant bank transfer will be actioned that same day for approved loans.

Are there any hidden fees?

No. Our fees are clearly outlined upfront, so you’ll know exactly what you’re paying for. Check out our fee structure for small and personal loans for more details.

Can I repay my loan early?

Usually yes, but it depends on the lender you’re matched with and their individual policies. Some lenders may allow early repayments without fees, while others may have specific terms. Paying off your loan early could potentially save you on interest, so it’s important to review your loan contract for details regarding early repayment options.

What happens if I miss a payment?

If you miss a payment, we’ll work with you to find a solution. It’s important to reach out to us as soon as possible so we can help you avoid additional fees or penalties.

Customer Testimonials

Emily from Brisbane: “Cash Today saved me during an emergency! My car broke down right before a trip, and I was able to get the funds I needed in just a few hours. The process was easy, and I appreciated the clear communication throughout.”

John from Sydney: “I was skeptical about applying for a loan online, but Cash Today made the experience seamless. I applied in the morning, got approval by noon, and had the money in my account the same day. Highly recommended!”

Responsible Lending with Cash Today

At Cash Today, we ensure that your loan fits your financial situation and that repayment terms are manageable. We’ll never approve a loan that we believe could cause additional financial strain, and our responsible lending practices are aligned with the National Consumer Credit Protection Act 2009.

Apply for a Quick Loan Today

Don’t let unexpected expenses catch you off guard. Apply online in just minutes, and receive fast, reliable access to cash with our quick loans. Whether you need a small loan or a larger personal loan, Cash Today is here to help.