About Cash Today
Among all potential bridge or payday loan lenders, CashToday has emerged as a firm favourite with Australians on the back of their relative flexibility and also their willingness to loan amounts to self-employed clients.
A payday loan is widely understood to be a small amount that fills a gap in one’s cash flow for a brief period, usually until one’s next paycheck.
Carefully regulated by the Australian authorities to inhibit irresponsible lending, lenders such as CashToday must comply with a genuine affordability analysis and their online presence is well laid out and detailed.
Live help regarding their short-term loans (although limited on weekends), relevant FAQ’s and absolutely all needed information is available on CashToday’s site.
Who can get a Loan
Broadly, anyone who has a regular income derived of wages and/or business earnings can apply for a small, brief loan by completing an online loan application.
Loan amounts are small (up to $500) and the term for repayments - made either weekly or monthly - is limited to a few months, although the vast majority of loans are a few hundred dollars paid by the end of the same month in which they are taken out.
What Cash Today can offer you
There are times when everyone needs just that little extra bit of bridging finance on issues that won’t wait even a few days and although small in amount, CashToday’s service meets that by being prompt and easy to effect online.
Information and Warnings about Borrowing
Amply populated with both legislated and voluntary warnings about borrowing, CashToday presents as a responsible lender and they fulfil their obligations to provide the information any citizen needs to make a legitimately informed decision about taking out a payday loan.
Even the “what if I don’t pay you back?” topic is dealt with under the FAQ’s in a factual and inoffensive manner.
An Affiliate of Sunshine Loans
A client cannot enjoy more than one loan account at a time. Although detailed, the site is eminently logical and securing a loan with CashToday feels more like personal online banking than anything else.
CashToday is ‘underwritten’ by their affiliate Sunshine Loans and is, in essence, merely a portal for a lender with capital.
Their association exists so that CashToday can efficiently deal with clients’ needs while Sunshine Loans takes care of funding personal loans.
In a Nutshell
- Loan maximum $500
- Interest rate 20% of principal loan amount and a 4% monthly fee
- Loan term minimum 16 days
- Loan term maximum 32 days
- Average processing time 1 hour
- Online application
- Unsecured loan option
- Bad credit consideration
CashToday Lives up to its Namesake
CashToday offers a detailed, ‘easy’ site to navigate and a simple fee structure and repayment method.
Cash borrowed is repaid at 20% of the capital amount plus 4% of the amount per month (the monthly fee). Since the amounts in question are manageable most customers settle by month end.
Quick Loans Online
Most quick loans are granted overnight and the funds are promptly available, assuming all documentation is in CashToday’s possession and verifiable & legitimate.
Clients applying for a loan by 2pm on any weekday will have the loan amount in their bank account the following morning.
Repayment of the loan is effected by debit order only and no one without a bank account is eligible for a CashToday loan.
No Loan Rollovers
There is no automatic renewal or refinancing of loans nor any other type of ‘carry over’ on their payday loans and it is thus advisable to call and talk to a CashToday representative before the repayment due date if one imagines the payment cannot be met.
Are you Eligible?
Any employee in a job for 4 months or more and having a bank account for at least 3 months is eligible for a loan. Self employed clients need to submit bank statements of 3 months in order to qualify.
Eligibility & Requirements
- Credit check
- Active email address
- Bank statements
Other Products & Services
- Payday Loans
Contact DetailsVisit Website Apply Directly
- c/o Simpson Winslow 79-81 Price Street, NERANG, QLD, 4211,
- PO Box 1141, Capalaba QLD, 4157, Australia
- Monday 09:00 – 17:00
- Tuesday 09:00 – 17:00
- Wednesday 09:00 – 17:00
- Thursday 09:00 – 17:00
- Friday 09:00 – 17:00
- Saturday Closed –
- Sunday Closed –