Borrow $2,001–$5,000 anytime – same-day assessments, Funds available same day for eligible applicants
Borrow $2,001–$5,000 anytime – same-day assessments, Funds available same day for eligible applicants
MyCashOnline offers personal loans from $2,001 to $5,000, with repayment terms of 3–18 months. Spread repayments over an agreed term, subject to assessment and approval.
| Feature | Details |
|---|---|
| Loan amounts | $2,001–$5,000 |
| Minimum repayment term | 3 months |
| Maximum repayment term | 18 months |
| Maximum APR | 48% p.a. |
| Interest rate | Fixed for your loan, based on your risk profile |
| Repayment frequency | Weekly, fortnightly or monthly, as agreed |
| Security | Loans may be unsecured or secured by a registered vehicle |
Your approved amount, interest rate and repayment term depend on our assessment of your income, expenses, existing commitments and ability to repay.
| Fee | Amount |
|---|---|
| Establishment fee | $400 |
| Default fee | $27 per missed scheduled payment |
| Rescheduling fee | $15 per scheduled payment rescheduled |
Default and rescheduling fees apply only in the circumstances specified in your loan contract. They are excluded from the example below, which assumes all repayments are made as scheduled.
For a $3,000 loan over 12 months:
| Item | Amount |
|---|---|
| Annual interest rate | 48.00% p.a. |
| Establishment fee | $400 |
| Total interest | $908.37 |
| Total borrowing cost, including establishment fee | $1,308.37 |
| Total amount repayable | $4,308.37 |
| Repayments | Approximately $165.70 per fortnight over 26 instalments, with a final rounding adjustment |
| Comparison rate | 65.4962% |
This example is indicative. Your loan offer will set out your actual interest rate, fees, repayment schedule and total amount payable before you accept.
Comparison rate warning: The comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
Choose from available repayment terms of 3–18 months, subject to assessment. A longer term may reduce each instalment but increase the total interest payable. Consider both your regular repayments and the overall borrowing cost before accepting a loan.
You can submit an application online anytime. Applications are assessed during business hours. Same-day funding may be available for eligible applicants, depending on approval, completion of documentation and bank processing times.
You can apply for $2,001–$5,000. The amount approved depends on our assessment of your financial circumstances.
Repayment terms range from 3 to 18 months. Your agreed term and repayment dates will appear in your loan contract.
No. Every application is subject to lending criteria, verification and an affordability assessment.
Your loan may be unsecured or secured by a registered vehicle. Any security requirement will be explained in your offer and contract.
A $27 default fee may apply for each missed scheduled payment. A $15 rescheduling fee may apply for each scheduled payment rescheduled, subject to your contract.
If you are having difficulty paying, contact us promptly to discuss your circumstances and available hardship assistance.
All applications are subject to assessment and approval. Actual loan amounts, rates, terms and repayments depend on your individual circumstances.
