Same Day Cash Loans

Same Day Cash Loans

When you need cash in a hurry, same day cash loans are an ideal solution. provides an easy application process with few requirements to qualify for a loan and match you with a lender that will offer you the best deal. Your lender will provide you with cash, in your bank account on the same day.

How Does A Same Day Cash Loan Work?

It’s simple! All you need to do is meet the requirements to apply, fill in the application form and we will get back to you when the loan has been approved by a lender. Once the loan has been approved, the cash will be paid into your bank account without delay. The entire process is completely online.

What Is The Term?

Quick cash loans are short to medium-term which means that there is a shorter repayment period when compared to other types of loans. You can select your own repayment period anywhere between 12 and 24 months. The longer the term, the more affordable the repayments will be. Some lenders will provide shorter terms of 3 or 6 months should this be more suitable.

Repayments are calculated according to your income cycle. If you are earning a weekly wage, repayments will be scheduled on a weekly basis. If you earn a monthly salary, repayments will be made monthly. There is also any option to make repayments bi-weekly or every two weeks.

How Much Can I Borrow?

Same day cash loans are aimed at funding small purchases or paying for other types of expenses. They are not suitable for large cash purchases such as a car or a house. There are loans that are specifically designed for these larger types of purchases like mortgages, home loans or car finance.

You can borrow any amount between $500 and $10 000 from However, approval of same day cash loans will depend on how much you earn and can afford to repay on a monthly, weekly or bi-weekly basis. If you are only earning $400 a week, the repayments on a loan of $10 000 over 12 months will be unaffordable.

It is recommended to calculate how much you can afford to repay before making application. Make a list of all your expenses for a specific income cycle (monthly, weekly or bi-weekly. Add the amounts together and deduct the total from your income for the same cycle. This will give you an idea of what repayment you can afford and the loan amount that you can apply for.

Remember that it is always best to select the amount that you need and no more. Although it may be tempting to opt for the highest loan amount you can afford, you will be paying more in interest and other charges.

What Is The Interest Rate And Are There Other Fees Or Charges?

Interest may vary from one lender to another that is why takes the time to compare loans from different lenders to get find you a fair deal. For medium-term loans, the current maximum comparison rate is 48% with a maximum of 67.4% per annum or year.

Other fees and charges are at the discretion of a specific lender. A lender may charge an admin fee or application fee upon approval of the loan. Service fees and other additional charges may also apply. These charges will be taken into account when comparing loans from different lenders to ensure that you are still getting the best deal.

Who Can Apply For A Same Day Loan Through

There are some qualifying criteria that will need to be met in order to apply for a cash loan that will be paid on the same day:

  • You need to be at least 18 years of age.
  • You must be an Australian citizen. Permanent residents in Australia may also apply
  • You need to earn at least $400 a week.
  • You will need a bank account that has been in existence for at least 3 months.
  • You need to ensure that you will be able to afford the repayments.

If you meet these criteria, you can apply for a cash loan through today.

What Are The Requirements For Application?

While you don’t have to negotiate all the red tape and meet the multiple requirements of applying for a conventional loan, there is some information that we will need from you. This information will be used to approve the loan and to ensure that the money you are borrowing reaches you:

  • 100 Points ID stating your full name, date of birth and ID number.
  • Contact details such as your address, phone numbers, email address, etc. We need this information so that we can reach you when the loan is approved and for any other communication.
  • Online internet banking details. You will need to login so that you can provide as with statements or history for the last 3 months. We need this information as proof of income and to verify that you will be able to afford the repayments for the loan. The cash loan amount will also be paid into this bank account.
  • Employment details including the name of your employer, work address and contact numbers. This is to confirm that you are employed and earning an income.
  • Your My Gov details if applicable to send Centrepoint details.
  • And last but not least, you will need to provide us with a reason why you need the loan.

If you have all this information readily available, the entire online application process should take only a few minutes.

How Long Does The Application Take To Be Processed?

You should receive an answer as to the success of your application on the same day. In some cases, it can however take as long as 24 hours to get back to you. If you haven’t heard from us within 24 hours of submitting your application, let us know so that we can check where your application is in the process and whether we received all the necessary information.

When Will The Cash Reflect In My Bank Account?

The cash will be transferred electronically into your bank account as soon as the loan has been approved and you give the go ahead. This means that you could receive the cash in a matter of minutes of approval although it usually takes a couple of hours. Keep in mind that banks have different clearance times and criteria.

If the amount is not reflecting in your bank account on the same day as you received approval for the loan, check what your bank’s clearing times are. Alternatively, contact us and we will assist you in getting your cash into your bank account as soon as possible.

We understand the urgency that is often involved in an online application for a same day cash loan and will do what we can to ensure that you receive your funds as soon as possible.

How Much Will The Loan Cost Me?

Simply visit and use our free online calculator to determine how much your repayments will be. First select the loan amount that you need. Next select the repayment period between 12 and 24 months. The cost of the loan will be calculated at and interest rate 48%.

The repayments will be calculated on a weekly, bi-weekly and monthly basis so that you can see what you will be likely to be repaying relative to your own income cycle.

Keep in mind that this calculation is an estimate of what your repayments are likely to be. There may be additional charges from the lender that may increase the cost. So make sure that you can afford the repayments with a little room to spare in your budget.

You can lower the repayment amount by either decreasing the loan amount or increasing the term or repayment period of the loan. Be aware that increasing the loan amount will result in more interest being paid in the long run but repayments that are more affordable on a weekly, bi-weekly or monthly basis.

How Will Repayments Be Made?

Your account will automatically be debited with the repayment amount at the end of every payment cycle. If for any reason there will not be sufficient funds in your bank account or there is any other problem, it is important to let the lender know so that that can arrange for a later debit. Lenders will charge a fee of about $20 for a transaction that fails.

What Reasons Can Be Used To Apply For A Cash Loan?

While we do require a reason for the loan, there is a very long list of reasons that qualify. However, same day cash loans are most commonly used to fund emergency expenses such as car repairs, vet bills, medical expenses or simply to pay utility bills or cover other expenses. The funds can also be used to buy an engagement ring, pay for a wedding or any other celebration or fund a vacation. Just about any reason is sufficient to justify a short-term, quick cash loan.

Do You Check My Credit Report?

A lender may check your credit report or score before approving a loan. If you have a bad credit record or are black-listed, this may affect your loan approval. Loans applications for bad credit are less likely to be approved as lenders consider it a risk that the loan will not be repaid. However, there are loan providers who will offer you a quick cash loan regardless of your credit history. A bad credit score may also affect the amount that you repay on a monthly basis.

Do I Need Security Or Collateral To Apply?

Security or collateral are assets that stand as surety should you default on the loan. You do not need to provide any security or collateral when applying for same day cash loans. If you do fail to repay the loan, the lender can however take you to court and sue you for the outstanding balance on the loan, interest and other charges that are detailed in the loan agreement.

Are There Penalties Or Fees For Early Settlement?

There are no additional fees or penalties that will be added to your loan should you want to settle the full amount early or before the due date. In fact, it is in your best interests to settle the loan as quickly as you can. You will be paying less in interest and other charges should you be able to settle early. So if you can, pay more than the required repayment every month or settle the debt as soon as possible and save yourself some money.