Cash Train is an Australian loan provider offering small and medium personal loans to customers who need quick access to money. Operating under Firstmac Holdings Pty Ltd, a regulated credit provider with an Australian Credit Licence (ACL 391528), Cash Train focuses on fast online payday and personal loans. They typically provide same-day cash to approved applicants. Cash Train targets borrowers who struggle to get loans from traditional banks due to bad credit history, unemployment, or low credit scores.
All information included here on Monzi is based on the details available on Cash Train’s website
Type of Online Loans from Cash Train
These are the main online loans you may get from Cash Train.
| Loan Type | Loan Amount | Term | Associated Fees | Example Loan Cost | Best For |
|---|---|---|---|---|---|
| Cash Train Small Payday Loan | $200 – $2,000 | 16 days – 12 months | • 20% establishment fee • 4% monthly fee |
• Borrow $500 → Repay $720 over 6 months • Borrow $2,000 → Repay $3,120 over 12 months |
• Small financial emergencies • Individuals needing fast cash loans |
| Cash Train Personal Loans | $2,001 – $5,000 | 4 – 24 months | • $400 establishment fee • 48% APR |
• Borrow $3,000 → Repay ~ $5,200 over 18 months • Borrow $5,000 → Repay ~ $7,900 over 24 months |
• Larger loans for rent, debt consolidation, or major expenses |
Benefits of Cash Train Loans
✔ Most loans receive fast approval within an hour
✔ Instant funds transfer with same-day deposits if approved before 2 PM (Australian Eastern Standard Time)
✔ Direct bank transfer for quick access to money
✔ Flexible loan repayments options including weekly, fortnightly, or monthly payments
✔ No credit check for small payday loans, helping those with bad credit history
✔ Committed to supporting Australian residents including those receiving Centrelink payments
Know More About Cash Train
📢 Established: 2010
🏠 Headquarters: Brisbane, Queensland, Australia
📊 Australian Credit Licence (ACL): 391528
⭐ Regulated by: Australian Securities and Investments Commission (ASIC)
🔑 Key Services:
➤ Payday Loans (Small Amount Credit Contracts – SACC)
➤ Personal Loans (Medium Amount Credit Contracts – MACC)
➤ Fast Online Loan Applications and Approvals
Cash Train: Am I Eligible?
The loan application process is completed through Cash Train’s website. To apply for a loan, you need to:
✅ Be an Australian resident (citizen or permanent resident)
✅ Have a stable income source such as salary, wage, or Centrelink payments
✅ Have an Australian bank account
Cash Train requires your employment details and your last 90 days of bank statements to verify income. If you receive Centrelink payments, you may still qualify, as Cash Train verifies income proof through bank statements as part of responsible lending obligations. Loan decisions are typically quick but may take longer if Cash Train needs to follow up directly or in person.
Cash Train Features
⏳ Same-day approval: Loans approved before 2 PM are transferred to your bank account on the same day.
🚀 Fast online application: Apply in minutes with instant fast approval.
💰 No credit check small payday loans: Borrowers with bad credit can still qualify.
⏱️ Flexible repayments: Choose loan repayments that suit your circumstances – weekly, fortnightly, or monthly payments.
📋 ASIC regulated and licensed: Fully compliant with Australian lending laws and guidelines.
Cash Train – Customer Reviews
As usual, there are positive and negative cash train reviews. We have considered customer feedback and common questions addressed on the company’s website to provide an overall assessment.
Positives🟢
✅ Quick cash access and fast loan approvals
✅ Simple and straightforward loan application process
✅ Same-day funding to bank account
✅ Consideration for people with low or poor credit scores
Negatives🔴
🚫 Some customers report slow customer service response times
🚫 Occasional delays in loan outcome notifications and waiting periods
Alternatives to Cash Train
Monzi is a practical alternative to Cash Train if you need to find personal loans. Instead of lending directly, Monzi acts as a lender-finder that connects you with licensed Australian credit providers. It’s a simple way to submit your application and get matched with a loan that suits your needs without the hassle.