SSL Security

Get a Loan from Cash Train

How much would you like to borrow?

$2001

$7500

$15000

Apply Now

Apply now and have an approval
decision within minutes

Online Lender: Cash Train

 

cash-train-logo-2013

Product Highlights

  • Loans from $200 to $10,000
  • Over 3 to 24 months

Fast Cash Loans from Cash Train

Note: Cash Train has not mentioned a minimum APR on their website; only a maximum of 48%. There is no early repayment fee if borrowers opt to pay the loan in full ahead of time. Default fees and other fees not mentioned in this article are also not included in Cash Train’s site. Borrowers need to enquire directly from Cash Train’s customer service to know other potential fees. – All information here are accurate as of November 2023.

Fast Application Process; Get Your Money Today

Apply for a Loan Now

Company Brief

Cash Train is a trusted Australian lending company and a leading online fast cash loans provider. It goes by the trading name of Online Loans Pty Ltd. It was founded in 2009. Cash Train is fully regulated and governed by the National Consumer Credit Protection Act (2009), the Privacy Act (1998) and all other applicable laws.

Cash Train is a registered member of the Australian Financial Complaints Authority (AFCA), the National Financial Services Federation (NFSF) and the Financier’s Association of Australia (FAA). Cash Train is also accredited by ASIC as an Australian Credit Licence Holder. Their ASIC Credit Licence Number is 389-189. The company’s ABN is 62 102 154 781 and was registered in 2002.

Cash Train is also registered under the National Credit Providers Association (NCPA). The National Credit Providers Association (NCPA) is the peak national industry body representing the Small Amount Consumer Lending Industry in Australia. Cash Train’s corporate office is located at Level 4, 25 Prowse St, West Perth, Australia and opens from 7 AM-3 PM.

Let us help you get a loan

Apply Now

Application Process

Cash train has an online application process. A responsible lender will have requirements to determine if you are eligible and will help determine the lending decision. When completing the online application, you will need to meet the following minimum requirements to be considered for a loan:

  • At least aged 18 years old,
  • Own an active bank account,
  • In full-time employment
  • Earn a minimum of $1,200 per month
  • Have a credit history
  • You must be an Australian resident.

Cash Train will likely request details of your employment and your latest three months of bank statement.

If you are receiving Centrelink funds, you are still able to apply for a loan through Cash Train. As part of the responsible lending obligations, you will need to provide your bank statements so Cash Train can verify your proof of income from Centrelink.

In order to be a trusted lender considering the borrower’s income helps the lender assess in the applications stage, whether they will be able to make the loan repayments.

Loan decisions are typically instant but may take longer if Cash Train need to follow up with you directly.

Notable Loan Product Features

Loans with Cash Train have a fast approval and application process. Funds are sent within one business day of loans being approved. The time to receive your funds will depend on who you bank with as some take longer than others.  Funds can be sent directly to your assigned bank account or collected from a local branch.

Repayments are taken directly via direct debit on the agreed-upon date.

The Company: Cash Train

There are some positives and negatives for prospective borrowers to consider before using Cash Train as an online lender. As part of the reviewing process for this article,  customer feedback and common questions answered on the company website were considered for the overall assessment.

cash-train-logo-2013

Positives

  • Easy application
  • Fast approval process
  • Same-day funding is offered
  • Fees and contact details are easy to find.

Negatives

  • Negative reviews touch upon slow customer service

Marketplace Finance Pty Ltd with ACN 608 607 227 and ACL 487316 is trading as Friendly Finance. Friendly Finance does not make finance or credit decisions and is not a provider. Friendly Finance helps customers find financial partners that meet their requirements.Financial partners may wish to obtain credit reports as part of the decision process. The line of credit available will vary depending on the financial provider. In order to help the government fight identity theft, the funding of terrorism and money laundering activities, providers may verify and record customer information. This website does not directly endorse a particular product and service.Any information on this website should be taken as opinion only.

Address: 903 level 9, 50 clarence st, sydney, nsw, 2000. Email: info@friendlyfinance.com.au Call us at 61288805873

Disclaimer: Cash Loans Paid In 60 Minutes*
* As advertised – FriendlyFinance.com.au is not a lender or broker and does not advise or recommend any lender. We simply provide options based on the information you provide. Once you are approved by an actual lender, your loan may be transferred straight into your bank account within 60 minutes of signing the contract during standard banking hours. The same transfer times could apply on second and subsequent approved loans. For loan amounts over $3,000 it usualy takes longer than 60 minutes