Cash Advance Loans Australia
WHAT IS A CASH ADVANCE AT SURE CASH FINANCE?
A “cash advance” at Sure Cash Finance is a loan product for people seeking a “wage advance” or “pay advance” in Australia because they want funds before their next payday. Please note that this is not an automatic release of wages already earned, but is instead a regulated credit product under Australian Credit Licence 390591, subject to application and assessment.
Sure Cash Finance offers two levels of regulated cash advance loans:
- Cash Loans, also known as Small Amount Credit Contract (SACC) loans, which range from $300 to $2,000.
- Personal Loans, known as Medium Amount Credit Contract (MACC) loans, that cover loan amounts from $2,001 to $5,000.
Like any Sure Cash Finance loan, a “cash advance loan” requires an application and a responsible lending assessment. It is not approved automatically just because the applicant is employed.
WHO CAN APPLY?
Any Australian, aged 18 or over, with a regular income may apply for a cash advance loan. Income can come from wages, self-employment or eligible government payments. This can include:
- Loans for People on Centrelink (such as those receiving JobSeeker payments, Disability Support Pension payments, Carer payments, and Parenting payments)
When applying for cash advance loans, bear in mind that all applications are assessed individually in accordance with responsible lending guidelines and approval is never guaranteed or automatic.
FAST
LOAN APPROVALS
We understand our customers need funds quickly, so we provide fast approvals for our customers to help them receive the funds as soon as possible.
FLEXIBLE
PAYMENT TERMS
We offer flexible payment terms to suit our customer’s needs. There are no early payout fees if you choose to payout your loan sooner.
Fast Cash Loans
$300 – $5000
RELIABLE
SERVICE
Our trained staff provide a high standard of customer service. We help our customers find a financial solution to suit their needs.
AMOUNTS AND TERMS
As a regulated lender, we understand that people seeking a “cash advance” or “wage advance” have different financial circumstances. That’s why Sure Cash Finance offers two specific loan options ranging from $300 to $5,000:
- Cash Loans – also known as Small Amount Credit Contract (SACC) loans. These loans are fully unsecured (no collateral required) and range from $300 to $2,000. The repayment terms can vary from 16 days to 12 months.
- Personal Loans – also known as Medium Amount Credit Contract (MACC) loans. These cover loan amounts from $2,001 to $5,000 and have a repayment period up to 12 months. Whether an MACC loan requires security is assessed on a case-by-case basis. Some applicants can obtain an unsecured loan within this range, while others will need to provide security.
WHAT DOES IT COST?
Your Cash Loan (Small Amount Credit Contract – from $300 to $2,000) fees consist of an establishment fee of up to 20% of the loan amount plus a monthly fee of up to 4% of the loan amount. Please note that there is no separate ‘cash advance fee’ on top of the standard fee structure for any SACC (Small Amount Credit Contract) or MACC (Medium Amount Credit Contract) loan from Sure Cash Finance.
Here is a loan example:
For a $1,000 loan over 6 months, the establishment fee would be up to $200 and the monthly fee up to $40 per month – a maximum total cost of $440 over the loan term.
Your Personal Loan (Medium Amount Credit Contract – from $2,001 to $5,000) fees consist of a $400 establishment fee, which is flat regardless of the loan amount, plus interest at 48% per annum.
HOW TO APPLY
You can apply for an advance money loan or cash advance loan as follows:
- Apply online or phone our friendly team on 1300 SURECASH (1300 787 322). Applications can only be made online or by phone.
- Enter the amount you’d like to borrow and the amount of time to pay the loan off. The calculator will then show your repayment schedule (weekly and fortnightly) and the total amount payable.
- Provide your income and personal details, along with proof of identity and tell about the purpose of your loan.
- Once your application is submitted, the Sure Cash team will assess it against responsible lending guidelines and contact you with the outcome. If approved and your contract is signed, funds are transferred to your account. While our team will act promptly, please bear in mind that your financial institution’s processing times may vary.
Please note: If you specifically want a same-business-day assessment, go to our Same Day Loans page.
WHY SURE CASH FINANCE?
Why choose us? Sure Cash Finance is a family-owned Australian lender (Australian Credit Licence 390591) with over 20 years in business. We understand why people sometimes need a short-term loan for a one-off cost. That’s why our Google rating is 4.8 stars based on over 454 reviews from our customers.
Our friendly staff assess every situation personally and provide support for our clients. We approach every interaction with a high level of care and understanding. We offer flexible repayments. For example, your repayments can be scheduled weekly or fortnightly to align with Centrelink payment schedules.
As a member of the Australian Financial Complaints Authority (AFCA, member 43334), Sure Cash Finance is committed to fair dispute resolution.
BEFORE YOU BORROW
Borrowing is not always the right choice for everyone. For one thing, it costs money, and there might be other options that are better suited to your individual situation. A government service for anyone seeking financial guidance or to make better-informed decisions is moneysmart.gov.au.
WARNING: Do you really need a loan today? It can be expensive to borrow small amounts of money and borrowing may not solve your money problems. Check your options at: moneysmart.gov.au
You can also access the National Debt Helpline on 1800 007 007.
If you are experiencing financial hardship, Sure Cash Finance has a hardship policy. If you require hardship assistance, contact our team to discuss your situation.
FAQ’S
What Is a Cash Advance Loan?
A cash advance loan is a personal loan provided by cash advance lenders. It is regulated under ASIC guidelines as either a Small Amount Credit Contract (SACC) loan (from $300 to $2,000) or a Medium Amount Credit Contract (MACC) loan (from $2,001 to $5,000).
Is a Cash Advance from Sure Cash Finance the Same As an Employer Pay Advance?
No, it is not the same. A cash advance from Sure Cash Finance is a personal loan subject to application and assessment under responsible lending guidelines. It is not an automatic release of wages already earned.
How much can I borrow as a cash advance?
Sure Cash Finance offers two different levels of cash advance loans:
- Small Amount Credit Contract (SACC) loans from $300 to $2,000, or
- Medium Amount Credit Contract (MACC) loans from $2,001 to $5,000.
You can apply online or phone our friendly team on 1300 SURECASH (1300 787 322).
