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Online Lender: Cash Stop
Product Highlights
- Loans from $200 to $5000
- Over 16 days to 2 years
Company Brief
Its ABN is 66091194786, with Australian Credit License Number 389433.
Small Amount Advances (Online Loan): $200 – $2,000
Type of Loan | Establishment Fee | Interest Type | Min Loan Amount | Max Loan Amount | Turnaround time | Min Loan Term | Max Loan Term |
Short Term Loans | 20% of the total loan amount | 4% monthly | $200 | $2,000 | 24-48 hours | 16 days |
1 year |
*No mentioned minimum and maximum APR on Cash Stop website for small loans
Medium Amount Advances (Online Loan): $2,001 – $5,000
Type of Loan | Interest Rate | Interest Type | Min Loan Amount | Max Loan Amount | Turnaround time | Minimum Loan Term | Maximum Loan Term |
Medium Loans | 48% Annual Percentage Rate + $400 Establishment Fee | Fixed monthly fee + one-time Establishment Fee | $2,001 | $5,000 | 24-48 hours | 16 days |
2 years |
*No minimum APR mentioned on Cash Stop website for Medium amount loans.
Note: Default fees, early repayment fees, and other associated loan fees are not provided in Cash Stop’s website. All the data found here on Friendly Finance are accurate and are in line with the information on Cash Stop’s website as of November 2023.
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Apply NowApplication Process
- 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.
Notable Loan Product Features
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.
The Company: Cash Stop
![cash-stop-logo](/storage/media/cash-stop-logo.png)
Positives
- Speedy loan application process and timely approval of loans.
- Online loan application forms
- Loans offered up to $5,000
Negatives
- High late payment and dishonour fees.
- People have experienced website errors/delays during the application process.
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