Cash Train Payday Loans

Posted July 1st, 2013 and last modified August 22nd, 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.

No matter what the reason, it's 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 within a day or two. It only takes a couple of minutes to apply and you generally get a response to your application almost immediately. In the case of Cash Train, they’ll then check your employment and financial status to verify your details.

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

    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 always deposits your cash into your account electronically the up to 1 business day from approval. However, some banks may not show your funds as being available to you until the next 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 and you need to be taking home a steady income of at least $1,200 a month. As long as you can show a bank statement with at least this amount of income showing on it, you qualify to borrow money from Cash Train.

    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 these details to Cash Train when you’re applying for your payday loan. This is so Cash Train know which account to pay your loan money into when it’s approved.

    Keep in mind that Cash Train won’t lend money to self-employed applicants or those whose only income is from benefits. This is simply because they don’t have regular payslips to verify how much they earn. You need to be in a job where your employer issues payslips when you get paid.

    Also note that if you’re a first-time customer you’ll need to provide 90 days worth of bank statements.

    How much can I borrow?

    Payday loans available from Cash Train range between $100 and $1,500 (up to $800 for new customers) You decide how much you want to borrow, as long as the amount you want remains within those limit amounts.

    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. 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 bank statements to ensure that you really do have a steady income coming in.

    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. So if you decide to borrow $300, your fees will be $72 on top of the amount borrowed and you repay $372.

    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 when your next pay cheque arrives.

    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. You will be charged a payment deferral fee, but this is far cheaper than simply missing your payment.

    If you miss your payment and your loan goes into arrears, the fees are much higher.

    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 with your next pay.

    The fees that may apply in this situation are as follows:

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

    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 and your income. 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 to be sure you understand your obligations.

    Cash Train will verify your income and with most banks, within 1 business day your cash should be waiting for you in your account.

    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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