Rating based on 25 reviews

Cash Converters

  • Payday loans up to $5,000
  • Low-interest starting from 48%
  • Repayment up to 24 months

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Author Cash Converters. Screenshot of Cash Converters website.
[Accessed May 3, 2023]

Cash Converters - Quick payday loans

Cash Converters is a registered creditor’s provider that has been assisting clients for a number of years.

Be it a payday loan, cash advance loan or even a personal loan, they got you covered. They know how much hassle it must be when payday is approaching and the figures are just not adding up. Don’t worry, they are here to assist.

Cash Loan

A cash loan is a regular loan that is usually required for a short period of time and doesn’t loan large amounts of money. Essentially, the faster you pay up the loan, the better.

Cash advance loan

Similar to a short-term loan, a cash advance loan is also for a shorter time span. The amount that can be borrowed ranges from $50 - $2000 and can be repaid in 4 to 6 weeks depending on the loan repayment period a customer has chosen.

A cash advance loan can only be applied in-store only. This would then mean a client has to go to any Cash Converters branch to apply.

Fast 5 minute loan application

The loan application process will take clients about 5 minutes to complete. The good thing is if you are an existing customer, you are not expected to repeat the process again.

Instead, you go straight to whether your online loan application has been approved or not since they already have your information in their database. Before the money is given to you, there is a series of tests they need to perform so that they are certain that they are lending you the right amount of money and whether you will be able to pay off the loan or not.

Loan approval

If the application process was successful, the payday loan will be paid into your account in no time. In order to qualify for the Cash Converters loan, you will have to be an Australian citizen.

Part 9 Debt Agreement

Unfortunately, if any of their clients are part of the Part 9 debt agreement, they will not be able to assist their customers with a quick loan until they have been cleared from the agreement.

Cash Converters – Payday loan

  • Loan Type Payday loans
  • Interest Rate 48217.95% p/a
  • Loan Amount up to $5,000
  • Repayment 2 months to 24 months

Benefits of Cash Converters

  • Explore loan options
  • Get the best rates

Payday loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This payday loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Cash Converters - Let them help you with a payday advance

Fortunately enough for clients that have a bad credit record, they are still eligible to apply.

There are many other factors that are taken into consideration when applying for an emergency loan. Bad credit is just one of them.


They will consider clients that get money through Centrelink. However, they will also need to look at their regular expenses so that they can determine if they will be able to repay back the loan.

Provisionally approved

This means your payday loan application has met their requirements and will be further evaluated by an assessor who will determine the loan amount you qualify for.

Personal loan

For personal loans, there are two categories that clients have the option of loaning from namely:

  • Cash Converters small personal loan - The loan amount starts from $400-$2000 and can be repaid in a period of 9 months. Fortunately, there is an in-store and online option for this type of loan.
  • Cash Converters medium personal loan - This loan is slightly higher than all the available loans. A client can qualify for $2050 to a maximum of $5000. Fortunately, there is an in-store and online option for this type of loan.

Employment checks

Employment checks are done so that they know if their clients are employed, earn a regular salary and will be able to pay off their loans. Some customers can apply for a loan even when they have been laid off from work so it is important that they don’t give someone who won’t be able to fulfil his financial obligations.

Documentation needed to apply for a loan

They normally require bank statements for the last 90 days (3 months). Should they require additional documentation, they will notify the client.

Dishonesty fee

On the grounds of your loan not being paid on time or they find that there were insufficient funds in your account, they will deduct a total of $33 on the basis of you not paying your loan on the agreed date. Therefore, it is important that you notify them on time if you know you will not be able to pay your loan on the set payment periods. However, you will still be liable for additional fees.

Additional loans

All good and bad credit loans are assessed differently and may not have the same outcome. Therefore, it is not a good idea to have many loans as this may affect your current loan applications.

Loan duration

Depending on the bank you use, your money will reflect in your bank account in the next business unless otherwise stated.

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Cash Converters is a trusted & reliable provider of payday loans

In our review, Cash Converters adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.

✅ Cash Converters is a registered credit provider in Australia: ACL 391436

Customer Reviews & Testimonials

Besides being able to loan from the company you can also get your favourite games if you are like me I recommend them.

Jonathan B
— Brisbane —

They offer you more than just your loan they offer you the freedom to shop and the help you need and I couldn’t be happier with my loan.

Sean M
— Perth —

No matter where you stay in Australia you can always find the cash converters by their locations on their site.

Jade M
— Melbourne —

Cash Converters Contact

Physical Address

Opening Hours

  • Monday 09:00 – 18:00
  • Tuesday 09:00 – 18:00
  • Wednesday 09:00 – 18:00
  • Thursday 09:00 – 18:00
  • Friday 09:00 – 19:00
  • Saturday 09:00 – 17:00
  • Sunday 11:00 – 17:00