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Apply now and have an approval decision within minutes
Associated fees:
20% establishment fee
4% monthly fee
Example Loan Cost:
Borrow $500 → Repay $720 over 6 months
Borrow $2,000 → Repay $3,120 over 12 months
Best For:
✔ Small financial emergencies (medical bills, car repairs, rent)
✔ Individuals who need fast cash and have limited credit options
Associated fees:
$400 establishment fee
48% annual interest rate (APR)
Example Loan Cost:
Borrow $3,000 → Repay ~$5,200 over 18 months
Borrow $5,000 → Repay ~$7,900 over 24 months
Best For:
✔ People needing larger loans for rent, debt consolidation, or major expenses
✔ Most loans are approved within 1 hour.
✔ Funds are deposited the same day if approved before 2 PM AEST.
✔ Direct bank transfer for quick access to money.
All information included here on Friendly Finance are accurate and in line with the data provided on Cash Train’s website as of February 2025.
About Cash Train
📌 Founded: 2010
📌 Headquarters: Brisbane, Queensland, Australia
📌 Credit Licence: Australian Credit Licence (ACL) 391528
📌 Regulated by: Australian Securities and Investments Commission (ASIC)
📌 Main Services:
✔ Payday Loans (Small Amount Credit Contracts - SACC)
✔ Personal Loans (Medium Amount Credit Contracts - MACC)
✔ Quick Online Loan Approvals
Cash Train is an Australian short-term loan provider that offers small and medium personal loans to customers needing quick access to cash. It operates under Firstmac Holdings Pty Ltd, a regulated credit provider.
The company specialises in fast, online payday loans and personal loans, typically offering same-day funding to approved applicants. Cash Train's target market includes borrowers who may struggle to obtain traditional bank credit due to income type, employment status, or credit history.
Cash Train: Eligibility Requirements
The application process for Cash Train is done through the company’s website or you can also easily apply for a loan using this form. To process your loan application, you need to pass Cash Train's eligibility requirements:
- At least 18 years old
- Australian citizen or permanent resident
- Must have a stable income source (wages, salary, or Centrelink)
- Must have an Australian bank account
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.
Fast Online Application: Apply in minutes with instant approval decisions.
Same-Day Funding: Loans approved before 2 PM are funded the same day.
No Credit Check for Small Payday Loans: Borrowers with bad credit may still qualify.
Flexible Repayment Options: Choose weekly, fortnightly, or monthly payments.
ASIC-Regulated & Licensed: Fully compliant with Australian lending laws.
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 page, customer feedback and common questions answered on the company website were considered for the overall assessment.
Positives
- Fast approvals & quick cash access
- Straightforward application process
- Same-day funding is offered
- Available for people with low credit scores
Negatives
- Negative reviews touch upon slow customer service
- Negative reviews touch upon slow customer service
