Cash Train Payday Loans

Posted July 1st, 2013 and last modified September 11th, 2014

Everyone has moments in their lives when they need cash fast.

Unexpected bills like emergency car repairs or replacing a broken fridge could mean that you need cash right away to get these things fixed or replaced. And, if payday is still a week away, finding the funds might be harder than you think.

It could be possible to get the cash you need fast with a payday cash loan.

Cash Train Payday Cash Advance Loan

Borrow up to $1500

Cash Train Payday Loans offers a fast and easy online application. Apply today to get approved.

  • Loan amount: $1,500
  • Initial maximum loan amount: $800
  • Loan term: 16-45 days
  • Turnaround time: 1 Business Day
  • Total cost of borrowing $100: 20% of loan principal + 4% monthly charge
  • No security needed
  • Quick approval
  • Confidential and secure!

    How do payday loans work?

    Payday loans are specially designed short term loans that let you access the cash you need to if you find yourself short before payday. It only takes a couple of minutes to apply and you generally get a quick response to your application subject to confirmation. In the case of Cash Train, you'll need to be over 18, be employed and taking home an income of $1,200 per month and be a resident of Australia. The loan must also be affordable and have a suitable loan purpose.

    If all goes well you’ll have your cash in 1 business day, paid electronically into your bank account for you to access.

    Once you have your money, you can go ahead and spend it in whatever way you want. When you next get paid, simply pay back the money you borrowed, along with the lending fees and you’re good to go.

    Cash Train will deposit your cash into your account electronically the up to 1 business day from approval. Some banks might not show the funds available until the next business day.

    Do you qualify for a Cash Train payday loan?

    Payday Loan

    In order to qualify for a payday loan with Cash Train, you need to be over 18 a resident of Australia and you need to be employed taking home a steady income of at least $1,200 a month. The loan must also have a suitable loan purpose.

    You will need a bank account which accepts direct debits and you need to be paid directly into the account. You’ll need to supply 90 days of bank statements to Cash Train when you’re applying for your payday loan. This is so Cash Train can assess your loan for affordability.
    If you are an existing customer, you may also need to resupply 90 days of bank statements. Cash Train will advise you of whether this is neccessary.

    Keep in mind that Cash Train won’t lend money to self-employed applicants or those whose only income is from benefits.

    How much can I borrow?

    Payday loans available from Cash Train range between $100 and $1,500 (up to $800 for new customers) Cash Train will assess your requested loan amount to ensure it is affordable and suitable and will advise you if your loan has been approved or not.

    Keep in mind that Cash Train will verify your income to ascertain how much you can afford to comfortably repay.

    Are payday loans safe?

    Cash Train is a responsible lender and is trading brand of PAID International Limited, ACN 137 044 949, Australian Credit Licence Number 390999. This means the company must adhere to the very strict Australian lending rules and requirements before lending you any money.

    Cash Train is required to verify that you’re able to afford to repay the amounts of money you borrow before they approve your loan amount. They do this by checking your recent 90 days worth of bank statements to ensure that you really do have a steady income coming in, and that the loan is suitable.

    How much do payday cash loans cost?

    They charge an establishment fee which is 20% of the loan amount you borrow plus a 4% monthly fee.

    What if you have bad credit?

    Cash Train doesn’t ask for a credit check from you. They won’t even look at your credit file. All they worry about is checking out whether or not you’re able to pay back the amount of money you borrow and the loan is suitable.

    What if I can’t pay back my loan on pay day?

    There are times when your salary finally arrives and it gets completely spent on other bills, leaving you unable to immediately pay back your payday loan. If this happens, it’s very important you call Cash Train immediately and let them know that you need to defer your payment.

    As long as Cash Train knows that you want to defer your payment until later, your loan will continue until you can pay it back in accordance with your Credit Contract (Note: you may be charged an additional 4% monthly fee if your loan defers into a additional month).

    You will be charged $38.50 if you fail to make a scheduled repayment.

    You should read your Credit Contract carefully to ensure you understand all fees and charges that are payable and could be payable.

    Applying for a Cash Train payday loan

    The application process for a Cash Train Payday Loan is simple using their secure online application form. You simply fill out your name and contact details, along with your employment status, financial information and loan purpose. When you’re done, hit the big red “Submit” button.

    The submission form also allows you to sign for your loan offer online. Before you sign your name, take a few minutes to read through the Terms and conditions of your credit Credit Contract to be sure you understand your obligations.

    Cash train will verify your financial information and if approved, funds are sent to your account in 1 business day. Actual receipt will depend on bank processing times.

    Remember a payday loan isn’t available for every borrowing use. They are designed to help you out when short term costs arise. Borrow responsibly and a payday loan might be the helping hand you need.

    Ask a Question

    Disclaimer: At we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
    Rates and fees mentioned in comments are correct at the time of publication.
    By submitting this question you agree to receive follow up emails related to and to create a user account where further replies to your questions will be sent.

    14 Responses to Cash Train Payday Loans

    1. Default Gravatar
      Karen | August 21, 2014

      I applied for loan which was approved when do I receive money please ring me on 0400676003

      • Staff
        Matt | August 21, 2014

        Hi Karen,

        You’ve come through to – we are a comparison service. To find out the status of your loan, please contact Cash Train directly.


    2. Default Gravatar
      christina | July 28, 2014

      Need a a lone

      • Staff
        Shirley | July 28, 2014

        Hi Christina,

        Thanks for your question.

        If you would to apply for a loan from Cash Train, please click ‘apply’.


    3. Default Gravatar
      Raffy | June 9, 2014

      I applied for a loan with cash train and i was just wondering if i have been approved or not?

      • Staff
        Shirley | June 10, 2014

        Hi Raffy,

        Thanks for your question.

        To enquire about your application, please contact Cash Train.


    4. Default Gravatar
      | March 13, 2014

      I spoke to cashtrain who said my loan was approved. That was 4 oclock today and still no funds in my account. This is 6 hours after. Will money be in my bank tomorrow. Thankyou

      • Staff
        Matt | March 14, 2014

        Hi Terri,

        Thanks for your comment. There are many factors that can affect the transfer of funds, including whether it is the first loan you’ve taken and your banking institution.

        Please check your account today, and let us know how you go.


    5. Default Gravatar
      | March 9, 2014

      Made my application few hours ago like to know ASAP WHAT POSISTION IM AT??

      • Staff
        Matt | March 10, 2014

        Hi There

        Thanks for your comment. We’re a comparison service so the course of action would be to contact Cash Train Directly.


    6. Default Gravatar
      Melanie | January 13, 2014

      I am in need of a $7000 dollar loan, I have a bad credit rating from when I was younger due to my dad having cancer and me having to lose my job to look after him..
      I have a stable job earning $720 a week so am more than capable of paying the loan back..
      Could you please inform me of wether I would have a chance of getting a loan?
      Kind regards

      • Staff
        Shirley | January 13, 2014

        Hi Melanie,

        Thanks for your comment.

        You may want to consider fixing your bad credit first to increase your chances of obtaining a loan.

        Otherwise you may want to consider some of the non-traditional lenders from our loan providers list, but make sure you check the eligibility criteria beforehand that you don’t need a ‘good credit standing’ to apply.

        The ‘payday’ loan is yet another option for those with bad credit who are seeking to borrow money. This type of personal loan is not secured against an asset and has a very short term repayment period.


    7. Default Gravatar
      debra | November 27, 2013

      Im on a D.S.P can you help me with cash for furniture please urgent

      • Staff
        Marc | November 28, 2013

        Hello Debra,
        thanks for the question.

        You’ll have to consult a lender directly regarding this, as we’re a comparison service and don’t offer any loans ourselves. Ensure you carefully read about the loan on offer and understand the fees and charges.

        I’ve emailed you more information.


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