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31-Mar
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Introduction to Small Cash Loans from MyCashOnline Australia

Cash Advance, Cash Loans, Fast Cash Advance, Online Cash Loans, Personal Loans, Quick Cash Loans, Short Term Loans by

Small cash loans are a great way to get quick and easy access to cash. They can be used for a variety of purposes, including emergency expenses, bills, and even everyday purchases.

There are many different types of small cash loans available, so it’s important to shop around and compare offers before deciding which one is right for you. Some things to consider include the interest rate, repayment terms, and fees.

It’s also important to make sure you can afford the repayments before taking out a loan. Defaulting on a loan can have serious financial consequences, so only borrow what you can afford to repay.

If you’re considering taking out a small cash loan, contact MyCashOnline quick cash loan experts to get more information about how they work and what to keep in mind.


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*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.