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
Apply for a personal loan online without visiting a branch. MyCashOnline offers loans from $2,001 to $5,000, with repayment terms of 3–18 months, subject to assessment and approval.
Complete your application and provide supporting documents online. If approved, review and accept your loan offer electronically, with funds transferred to your nominated bank account.
| 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.
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. Approval and same-day payment are not guaranteed.
Applying online makes the process convenient, but it is still important to understand your commitments. Review the total borrowing cost and make sure repayments fit your budget alongside living expenses and existing debts.
A longer repayment term may reduce each instalment but increase the total interest payable.
An online loan is a loan you apply for through a website rather than at a branch. It still requires assessment, verification and a loan agreement.
MyCashOnline operates online. You can submit your application and supporting documents remotely. We may contact you to clarify information or request additional documents.
Yes. You can access the online application using a compatible smartphone, tablet or computer with an internet connection.
No. All applications are assessed against our lending criteria and your ability to repay.
Timing depends on assessment, completion of the required documentation and bank processing. Same-day funding may be available for eligible applicants, but it is not guaranteed.
Contact us promptly to discuss your circumstances and available hardship assistance. Default or rescheduling fees may apply as specified in your loan contract.
