You may apply for loans from Cash Stop online via its website and must meet the eligibility criteria. To be eligible for a loan product from Cash Stop, you must:

• Be living in Australia permanently.
• Be eighteen years of age.
• Have an email address and contact details.
• Be making more than $300 every week consistently. This income must be deposited into your designated bank account.

Those on Centrelink benefits, including Newstart and Youth Allowance, are also eligible to apply.

The following information will also be needed to complete your loan application:

• Personal details such as your name and contact information
• Information about your job, such as where you work and how to contact your employer. You may be contacted for an income verification call to prove your employment.
• 90-day bank statements digitally submitted through CreditSense

The company website states that loans are approved promptly after the borrower submits all documentation requirements. Once approved, funds will be transferred electronically by Cash Stop within 15 minutes if your bank account supports the New Payments Platform infrastructure (NPP) and 24-48 hours for other banks.

Cash Stop’s Small Amount and Medium Amount Advances are offered online through an online application. Funds are also transferred electronically and released in 15 minutes (only for applications approved during business hours and for NPP-participating bank accounts). Payments are made through a direct debit arrangement with your nominated bank account.

In order to manage your loan repayments, a payment plan should be established either by the lender or by yourself. This could be arranged through monthly payments or weekly payments, this will help you manage your money effectively. Always be sure that you can afford the repayment fees before entering into a loan agreement.