Responsible Lending Practices
Cash Loan Money Centres are here to help you borrow money responsibly and keep you in control of your finances. In order for this relationship to work, you have to be completely honest and accurate with all the information you provide to us. That way we can confidently build the right loan for you and maintain a long and trusting relationship with you.
What happens if I miss or am late with a payment
We understand that people have problems meeting their repayments so if you are having trouble meeting your commitments in terms of your contract with us please contact us immediately and we will try to resolve the problem with you. It is important that you understand that if we cannot reach agreement on how to solve your problem and you remain in breach of your obligations due to late or non-payment this may result in the payment of default fees from us and could result in an adverse credit listing. When you miss a payment, a $30.00 failed payment fee may apply.If you choose to continue to ignore your obligations and refuse to either make a payment or discuss the issue with us, we have the right to take further action, which could include registering a default on your credit file, passing your information to a specialist debt collection agency, and or other and legal action.
What are Small Amount Loans
Small loans are for amounts of credit from $200 to $2,000 repayable from 16 days to 52 weeks (1 year). They are available for personal reasons and ideal to help you meet unexpected expenses where you can pay the loan back.
Who are Small loans suitable for?
Anyone who needs small amounts of cash for short periods of time. This might be for business or personal use.
Am I eligible to apply for a Small loan?
You are eligible for a Small loan if you are over 18, have a 100 points of ID and receive regular income via full time employment. You also qualify if you are a business or an individual with an ABN, or on certain Centrelink benefits (conditions apply)
How much can I borrow?
Normal loans are from $200 up to $2,000 BUT we can lend up to $5000*
How long can I borrow the money for?
From 16 days up to 52 weeks (1 Year)
What is the repayment frequency for a Small loan?
Weekly or fortnightly.
How do I repay?
By Direct Debit on your bank account
Are additional repayments ok?
Yes can pay off your loan or make advance payments ahead of your repayment schedule with a cash payment.
What is the APR & Comparison Rate
APR means Annual Percentage Rate. The comparison rate displayed applies only to any example or examples given. Different amounts and varying terms will result in different comparison rates.