CashPal is a lender-finding service. We do not offer financial advice. Consider seeking independent legal, financial, taxation or other advice to check how the information and ideas presented on this website relate to your unique circumstances.

A 2015 study of Australian loans found that nearly a third of those surveyed were juggling multiple loans. This figure was 12.6% in 2010, meaning the amount of borrowers with more than one loan had doubled in just five years.

The same study found that 20% of these borrowers were either defaulting or not keeping up with payments on short-term personal loans.

Uncontrolled lending doesn’t benefit anyone. CashPal is a modern lender finder committed to curbing predatory lending practices in the industry. With a vast network of partners across Australia, we may be able to assist you when you truly need it.

What Are Small Personal Loans?

Small personal loans are provided for a fixed period with a fixed interest rate.

Borrowers are expected to make fixed payments per week, fortnight or month, depending on their agreement with the lender. For starters, borrowers should always know exactly how much money they were lent, when the amount will be fully repaid, and how the instalment payments will be made. CashPal can pair you with a lender who can provide a personal loan ranging from $300 to $2,000. In some cases, we’ve even been able to secure same-day approval.

Small personal loans have built up a bad reputation for clandestine terms and costs as a result of shady lenders. Please read the following table so you are fully informed about the loan products we provide and refer to our Costs page for more information.

CashPal Loan Products

Product Type Loan Amount Term
Small Personal Loans $300 to $2,000 12 Months
Medium Personal Loans $2,001 to $4,600 13 to 24 Months
Large Personal Loans $5,000 to $10,000 13 to 24 Months

Same-day Personal Loans Australia: What You Need To Know

Same-day loans are a type of personal loan. Normally, people are approved for these loans within 24 hours. You may use them to cover urgent expenses like car repairs, medical or dental bills, small home repairs, or accident-related costs.

Same-day loans potential target:

  • Borrowers who need cash instantly or have a poor credit rating
  • Applicants who don’t want to turn to relatives or friends for help
  • Borrowers who don’t want payday loans

These small loans can offer quick, unobstructed access to financial resources. Our lender partners can make you a tailored offer based on your specific needs. Different spending habits and income levels are taken into account, because experts know even the best financial planners can be caught unaware. Some things in life you just can’t plan for.

The stress of the disaster adds to the financial pressure. People find they aren’t able to apply with traditional lenders like banks and wait for them to make a decision.

Our Partners Accept Applications 24/7

We use the latest technology to process applications 100% online. We also guarantee a high level of data security. Our streamlined application process makes it possible for us to look for a lender on your behalf with almost no need for your intervention.

You can upload the basic documents we require, such as ID documents, recent utility bills, and proof of income.

Are you struggling financially right now? You’re not alone. A 2012 Australian Bureau of Statistics study on Australian social trends revealed that every fifth Australian household had “insufficient” funds. More specifically, almost 2.5 million Australians were not able to source $3,000 in an emergency situation.

A short-term loan can start at as little as $300 and go up to $2,000. These loans are helpful for people who are unemployed or are unconventionally employed. Normally, short-term loans are unsecured, which means the borrower is not pledging an asset in exchange for the loan. This means if you default on the loan, there’s no collateral to be seized. To compensate for this risk, lenders will charge relatively high interest rates on the loan.

Our lending partners are ready and happy to fund anyone who is eligible, in the nick of time. Some applicants have received loans within 24 hours of applying. All applicants are assessed, and individual circumstances are addressed. Everyone is welcome to apply, regardless of their credit history. It only takes a few minutes to do so, and we’ll explain the process for you.

Our lender-partners’ loans are customised according to the borrower’s financial circumstances The repayment term of loans up to $2,000 is 12 months.

Unemployed individuals can also apply, however, they must have some source of income. Lenders diversify their products to help unemployed individuals. Again, these loans will be offered with a relatively short repayment period.

Loans Online: The Future Of Lending?

Experts estimate that by 2020, 90% of all loans will be processed online. Cash Pal is a fully online lender-finder, which allows us to be a fast, easy and convenient solution in times of trouble. We’ll do everything possible to pair you with a lender.

To apply, you must be at least 18 years old, a citizen or permanent resident of AU, have been receiving regular income into a personal bank account during the last three months and you’ll need to provide a phone number and email address.

To find a lender, we’ll need a read-only copy of your bank statements. Centrelink payments fulfil the income requirement, but bear in mind that your lender might ask to verify that you’re receiving Centrelink payments.

Once you’ve applied, we’ll start looking for a lender at once and inform you of the outcome as soon as possible.

We won’t need any additional documents from you, because we only deal with the initial application. You might need to provide your future lender with copies of payslips, bank statements, and/or bills in order for them to verify your identity and your personal circumstances.

The requirements may vary from one loan provider to another, so it’s best to wait and see if we can find you a lender, and then check what their requirements are. We do not guarantee we’ll find you one – we simply try our hardest to ensure that each and every application gets a fair assessment.

Our application process is 100% online. All applications must be submitted via our mobile-friendly website. Send us an email or fill out a contact form if you’d like to get in touch with us directly.

No Credit Check For Personal Loans?

Can may be able to offer loans without the need for a credit check. Yes, and we have done so in the past. It depends on the loan provider. Some of our partners do credit checks, while others do not. A bad credit score isn’t the only factor taken into account when deciding the outcome of a loan application.

Your loan provider might conduct a quick employment check. Our partners employ highly trained professionals, and your personal data is never misused or disclosed to your employer or anyone else. Your bank documents are reviewed in read-only format.

Check out our page on Bad Credit Loans for more information.

Apply Now

You can apply through our website at any time! Please note that your application will be processed during regular business hours. So, we’ll respond within one business day if you apply or contact us outside of business hours.

At CashPal the application process is broken down into three simple steps:

Step 1: Submit Your Application

Scroll up now to find our loan calculator and start your application. Once you’re there, just select your desired loan amount and term then hit apply. You’ll be taken directly to our full online application which can take just a few minutes to complete. When you’re ready, enter in the remaining details and hit submit!

Step 2: We’ll Hook You Up

After you’ve submitted your application, we get to work finding you the right lender. Once we’ve found a match, we’ll send you through our results! When you submit your application during business hours, we could find you a lender in a snap. So, keep an eye on your emails and SMS.

Step 3: Meet Your New Lender

If we’re successful in finding you a lender, then we’ll put you in touch with them to go over any final details. They will then conduct a full, comprehensive assessment and send you a contract to sign. From there, it is only a matter of time until the funds hit your account!

Get The Money

The lender decides when the applicant gets the money. The bank transfer might take longer if you and the lender use different banks. If you have any questions about your application, contact your lender directly.

Cashpal can help you with loans for every occasion, from weddings to medical bill. Apply today to see how we can help.