Both Cash Train and Money3 offer cash loans online.
There are some differences between the companies on who they will lend to and for how much. Cash Train is available for quick cash online if employed1. If you are on Centrelink2 or need a larger loan, Money3 may be better able to help1 with personal loans up to $12,000. If you like the personal touch, try a Money3 branchB near you - see how they compare below.
|Cash Train||Money3 Personal Loan|
|Cash Loan Max||$2,0001||$12,0001|
|Min Monthly Income||$1,200||$1,600|
|Same Day Funding||✔||X|
|Repay Over||3 to 9 Months3||13 to 36 Months3|
|Get Started||Visit Cash Train||Get up to $12,000|
1 Subject to verification, suitability and affordability. First time customers may be approved for a lower amount.
2 Your income from Centrelink must be less than 50% of your total income in order to qualify for a cash loan.
3 The repayment period is determined by the loan product, loan amount and your affordability.
B Owned by Commit Co Pty Ltd Learn More
With Money3 you can apply online a for personal loan up to $12,000 or visit a local branchB if you prefer to speak with our friendly staff in person.
As part of your application, we are required by law to review your most recent 90 days bank statements, which we have made simple through our partner online bank account verification service, provided by Bank Statements.
Once the online component of your application has completed, our loan underwriting team will review your application and keep you informed of your application's progress via phone and email. As soon as your loan has been approved1 and funded, we will let you know.
1. Subject to verification, suitability and affordability
B. Owned by Commit Co Pty Ltd Learn More
|EXAMPLE: An unsecured personal loan of $5,000 for 24 months has fees and charges totalling $2,621 and a total repayment of $7,621. The Minimum loan term is 12 months and the Maximum term 24 months. The term will be 24 months if you repay monthly, 52 fortnights or 104 weeks. The Maximum APR is 29.50%. The Comparison Rate, based on a loan of $5,000 over 24 months, is 45.43%
EXAMPLE: A secured personal loan of $8,000 for 24 months has fees and charges totalling $4,193 and a total repayment of $11,920. The Minimum loan term is 13 months and the Maximum term 36 months. The term will be 24 months if you repay monthly, 52 fortnights or 104 weeks. The Maximum APR is 27.00%. The Comparison Rate, based on a loan of $8,000 over 24 months, is 42.77%
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Please Note: The chart above refers to unsecured personal loans settled online with Money3 Corporation Limited. Advertised costs and repayments have been rounded up to the nearest dollar amount, so costs may be slightly cheaper in most cases. Money3 branches offer different loan products and so different charges are applicable. Learn More.
|Please Note: Due to the recent acquisition of Money3 Branches Pty Ltd( Australian Credit Licence 389 268) and Money3 Services Pty Ltd( Australian Credit Licence 389 189) by Commit Co Pty Ltd, SACC loans (and others) will now be offered by Commit Co Pty Ltd (an entity which is not affiliated with Money3 Corporation Limited). Learn More.|