Loan Guides

There are lots of reasons why you may need to borrow money, whether you’ve been hit with an unexpected bill or you’ve got a big purchase coming up, you will want to find the loan that’s right for you.

This can be difficult though with all the different ones available, that’s why we have put together these loan guides. Hopefully, they will help you understand some of the different loan types.

Which type of loan is most suitable for you?

1. Short-term Loans

Short-term loans allow you to borrow a smaller amount of money and spread the cost over several months, giving you time to make the repayments. Find out more about our short-term loans here.

2. Long-term Loans

With a long-term loan, you borrow a larger amount of money and pay it back over a longer repayment period to help make repayments more manageable.

3. Cash Loans

A cash advance loan is ideal if you need money for an unexpected cost. Find out more about cash loans here.

4. Quick Loans

If your car engine’s playing up or your boiler’s broken down, you need a solution fast. Our quick loans may provide you with that. Find out more about our quick loans here.

5. Online Loans

MyCashOnline is a 100% online lender which is a straightforward way to borrow. Apply online using our simple application form and get a quick initial decision. Find out more about online loans here.

6. Payday Loans

Payday loans are a quick form of finance that is repaid in one payment (usually your payday), alongside added interest. Find out more about payday loans here.

7. Same Day Loans

If you have been hit with an unexpected cost that requires immediate action, the same day loan may be an ideal solution. You could get the funds you need on the same day as applying. Find out more about same day loans here.

8. Bad Credit Loans

A poor credit rating isn’t always the full story. With a bad credit loan, a lender will consider a range of factors before making a decision on your application. Find out more about bad credit loans here.

Making a best choice with My Cash Online today.

*Disclaimer & Example: For our Small Loans of $2,000 or less, an APR (Annual Percentage Rate) doesn't apply. These loans are fee-based only with a term between 62 and 180 days, and so the APR is 0%. The establishment fee is 20% of the amount borrowed and the monthly fee is 4% of the amount borrowed. Representative example: a loan of $1,000 repaid over 3 months equates to a total amount payable of $1,320 comprised of $1,000 principal (amount borrowed), $200 establishment fee and $120 in monthly fees. The maximum comparison rate on loans between $300 and $2000 is 199.43%.
For our Medium Loans between $2,100 and $5,000, with a term between 2 months and 12 months, the maximum Annual Percentage Rate (APR) is 48% (Comparison rate 65.6597% p.a.) and there is a $400 Establishment Fee. A Medium Loan of $3,000 borrowed over 1 year would equate to a total amount payable of $4,289 (including a $400 establishment fee).

Under the current legislation, most small personal loan providers don’t charge an annual interest rate (you’ll know this as an APR %). The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on loans between $300 and $2000 is 199.43%. This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

© 2023 Owned by Australian Synergy Finance Pty Ltd, ABN 54 613 655 646. Australian Credit Licence 490422. The information on this webpage is general information only and does not take into account your objectives, financial situation or needs.