Cashtrain loan app

What is a Loan?

A loan is a sum of money which is borrowed from a creditor or lender for which you make repayments with fees and charges. There are generally two types of loans: secured or unsecured loans.

A secured loan is a loan that is secured by an asset, such as a car or property. The secured asset may be sold by the lender to recover any outstanding loan where agreed repayments cannot be met. Secured loans generally have lower fees and charges as the lender reduces its risk by taking a charge over the secured asset. Having a poor credit score, could make it difficult for you to be approved for a secured loan.

Unsecured loans do not require any security. Thus, fees charged on unsecured loans are typically higher than that of a secured loan. The application and funding process can also be a lot quicker.

At Cash Train, it is possible to receive a loan even where you may have a poor credit rating as we assess each loan on a case by case situation, whether you are employed, unemployed, self-employed, receiving Centrelink payments or government benefits, and many more.

Types of Loans

When you are short on cash for some big-ticket items or need to take a break and go on a holiday, you can apply for a loan to help you achieve your financial goals quickly.

Cashtrain Australia

There are several types of loans you can consider depending on your situation and how much you want to borrow.

For example, you can get a cash loan of up to $2,000 fast, subject to our responsible lending obligations, or you could opt for a loan up to $10,000 to help you book that holiday. At Cash Train, we have loans for every type of situation, sometimes even if you have bad credit! Get more information about our different loans below:

Cash Loans up to $2,000*

  • Emergency Cash
  • Centrelink
  • Cash Paid Fast

Personal Loans up to $10,000*

  • Any Purpose Considered
  • Cash Paid Fast
  • Bad Credit Considered

Cash Train Small Loans from $200 – $10,000

Cash Train’s Small Loans Help in a Big Way!

Borrow $200 – $10,000 – Some banks or lenders may have a minimum borrowing amount for their personal loans, which may be more than you actually need. Our small cash loans allow you to borrow a smaller amount to suit your needs – and fast!

Quick Application – Our online application is quick and easy to complete, typically taking only 5 – 10 minutes from start to finish.

No Paperwork Necessary – As an online lender, our application can be completed 100% online, this means there is no need to print, scan or fax any paperwork to us.

Bad Credit? No Problem – We offer small cash loans even with a less than perfect credit history; so if you have had bad credit and need a quick small loan, we may be able to help*.

Quick Loan Offer – Cash Train can give you a quick loan offer* online. After you have completed your online application, our underwriting team work very hard to ensure you receive a quick lending decision on your application and if successful, cash in your bank account fast and often on the same day**.

Cash in your hand from your Branch^ or Money Paid Directly to Your Account – Once approved, your money may be collected from your Branch^ or is sent directly to your bank account, so that you can access your loan as soon as possible and often on the same day**.

Cash Loan
$200 – $2,000

Personal Loan
$2,001 – $10,000

No Hidden Costs or Fees – loan costs and fees are completely transparent so that customr know exactly how much your loan will cost you before applying. Use the costs slider above to get started.

* Subject to verification, suitability and affordability

** Usually when your loan has been approved before 2pm EST, and you bank with one of the big four.

^ Not available in WA, ACT or NT

Extra Cash for Small Emergencies

Emergencies – Medical, Dental and Vet Bills are expensive and necessary costs that can sometimes come out of the blue. If you find yourself in a cash shortfall emergency situation, we may be able to help*.

Repairs – Car trouble? Oven packed in? Shower stopped working? Things like these tend to have the worst timing. Cash Train may be able to tide you over*, and help you get back on track.Cash Loan
$200 – $2,000

Personal Loan
$2,001 – $10,000

Special Occasions – Birthdays, Christmas, Easter and Anniversaries are all very important. Cash Train may be able to help you celebrate in style with a small cash loan*.

Rental bonds – Make moving house less stressful and let Cash Train do the heavy lifting, with a small same day loan*.

* Subject to verification, suitability and affordability

Small Loans With Cash Train

A little background on Cash Train and Small loans

Cash Train is the trusted lender of choice committed to transforming the consumer lending industry in Australia.

With a proud history of giving people a go over the last 20 years, our 40+ branch network across Australia is proud to be part of the communities it serves.

Our staff work closely with our customers and do their very best to ensure whatever financial product they require, for whatever purpose, we find a solution which suits their needs.

Our branches are located in retail precincts all around Australia providing a face to face experience which, together with our innovative online product offerings, give customers convenient access to products and services whatever their circumstances.

Cash Train is an industry leader committed to closing the gap in the market for consumers who are either excluded from, or who simply choose not to obtain credit from mainstream financiers and allowing consumers who are in financial need access regulated credit solutions with extensive consumer protections

We are our customers and believe in providing Efficient, Innovative, Flexible and Understanding financial solutions to suit everyone’s needs.

“Giving People A Go”Apply Now

Example Loan Costs

  • 3 MonthsFast Cash
  • 6 MonthsFast Cash
  • 12 MonthsFast Cash
  • 20 MonthsPersonal Loan
  • 24 MonthsPersonal Loan

EXAMPLE: A loan of $1,000 for 6 months has fees and charges totalling $440, Maximum APR of 78.18% and total repayments of $1,440. The minimum loan term is 3 month and Maximum loan term is 12 months. The Maximum APR is 78.18%. The Comparison Rate, based on a loan of $1,000 over 6 months, is 138.37%.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

How Much Does a Cash Train Loan Cost?

Since Cash Train is regulated by the ASIC, it offers loans at the maximum charge allowed by law: an establishment fee of 20% and a monthly fee of 4%. These costs are applied over the maximum allowed loan term of 3 months.  

For example, on a $1,000 obtained for a 3 month/10 week period, borrowers can expect to pay a total of $320 in total charges. This amounts to a maximum APR figure of around 110.38% for weekly payments, 101.77% for fortnightly payments, and 70.65% for monthly payments. The charges remain the same regardless of whether the loan term is of 10 weeks or 3 months. 

The following table shows the costs that borrowers would have to bear on loans acquired through Cash Train loans.

Loan ProductAmount BorrowedRepayment PeriodTotal Repaid
Loan$5003 months$660
Loan$1,00010 weeks$1,320
Loan $1,50010 weeks$1,980
Loan $2,0003 months$2,640

In case the borrower misses a due payment, Cash Train applies a $25 fee for every missed payment deadline. 

Key Features

Cash Train loans have the following features:

  1. Loans of amounts between $200-$2,000 are available. First-time borrowers are limited to borrowing up to $800. 
  2. The loan term can be either 10 weeks or 3 months, depending upon the borrower’s preference. This has no impact on the total cost of the loan. 
  3. If split across weekly payments, borrowers can choose to make either weekly or fortnightly payments for 10 weeks. If monthly payments are chosen, then the loan needs to be repaid in three monthly payments. 
  4. First-time borrowers are limited to borrowing up to $800 from Cash Train. Returning customers can apply for a loan of up to $2,000. 
  5. Loans are deposited directly into the borrower’s bank account after approval has been given. 

Loan Repayment

Borrowers have the option to repay the loan in either 10 weekly, 5 fortnightly, or 3 monthly payments, with no impact on the total charges applicable on the loan. 

Pros and Cons Of Cash Train Loans

The following pros pertain to the services being offered by Cash Train:

  1. Smaller repayment installments (compared to payday loans)
  2. Easy-to-understand cost structure
  3. Only the recent financial circumstances of the applicant are considered

Cash Train’s services have the following cons:

  1. No automatic approvals for renewals, even for repeat customers


Am I eligible for a Cash Train loan if I get paid in cash?

No, your income must come directly into your bank account to qualify for a Cash Train loan. 

Is a 10-week loan provided by Cash Train cheaper than a 3-month loan?

No, Cash Train charges the same costs to loans with either repayment terms. 

How much can first-time customers borrow through Cash Train?

The maximum allowed for first-time borrowers is $800, which increases for repeat customers.

Is Cash Train a payday lender?

No, payday loans usually have a much shorter repayment term and are likely to be more expensive. 

Eligibility Criteria

To apply for a loan with Cash Train, applicants must meet the following eligibility criteria. 

  1. Be over the age of 18 years
  2. Hold valid employment, full-time or part-time, in Australia. 
  3. Have a regular income of over $1,200 that is deposited in your bank account. More than 50% of this income must come from sources other than Centrelink/government benefits payments. 
  4. Be a resident of Australia
  5. Have adequate affordability to make loan repayments on time

Customer Support

There are multiple ways prospective borrowers can get in touch with Cash Train representatives regarding any queries they may have. Prospective borrowers can choose to call at 08 9420 1480, send an email at [email protected], or write at their address 4/25 Prowse Street, West Perth, WA 6005. 

For customers, Cash Train has an online chat facility for fast response, although this works only during official hours. In case customers have any queries pertaining to repayments, they can call at 1800 891 981 or send an email at [email protected]

Application Process

Cash Train has an online application process, and you can apply for a Cash Train loan easily by following these steps. 

Step 1 – Selecting the loan and accessing the application form

The online application form can be accessed by visiting the Cash Train website at On the website’s homepage, as shown below, select the amount you wish to borrow, the payment frequency, and confirm the repayment details provided on the right. 


Cashtrain is India’s Micro-Lending Platform to provide you instant personal loan. Cahstrain provide instant loans from ₹2000 to ₹100000, with 2% – 3% average monthly interest . These instant loans are given for minimum due date of 3 months to maximum due date of 6 months. The standard processing fee varies from 5% to 15% of the loan amount. Whenever you want to furnish your house, or to cover a wedding expenses, or to throw a party or to go on a family vacation, we have you covered with an easy instant loan.

– Instant personal loan from ₹2000 to ₹100000
– Loan period from 91 to 180 days
– Annual Interest rates vary from 16%-36%
– Service fee varies from 5% – 15%

In addition , GST will be applicable only for charging part due to Indian law

For example: If the loan amount is 10,000 and the interest rate is 30% per annum with the tenure of 91 days, the interest payable is as follows after deducting the service fee :
Interest = 10,000 * 30% / 365 * 91 = 780.82.

1. Indian resident
2. Above the age of 18
3. Should have monthly source of income

Cashtrain puts you in control of your finances. The Cashtrain app lets you apply for credit anytime anywhere and it works 24/7.
* No collateral or office visits required
* Use your money the way you want — for family or business
* Get access to higher loans, lower fees, and flexible payment terms as you repay
*The application process is 100% online, the cash is transferred to the bank account of the user after it’s approved.

All the transactions are secured via a 256-bit SSL encryption. All the data are transferred over secured connections. We do not share your data with any third party without your consent. Your data is totally safe with us.

How loan app works?
1. Register an account.
2. Fill in your basic details to check your eligibility.
3. E-sign the agreement when approval.
4. Get loan (The loan is directly credited into your Bank Account within 1-24 hours).