FAQs

What do I need to apply? How do I qualify?

In order for your online loan application to be considered, you have to be at least 18 years old. You also need to have a regular income from a full time or part time job.

This may include government benefits and pensions (subject to further terms and conditions). However, keep in mind that we usually cannot approve your application if your income fully comes from government benefits or pensions.

Casheroo Finance is a responsible lender, which means that we want our customers who can comfortably make repayments throughout the course of their loans. We therefore tend to disapprove applications if we think there is a risk of financial hardship as a result of borrowing money from Casheroo Finance. This is why our approval process is slightly more thorough than our competitors.

How soon can I get my loan?

If everything goes well, and you submitted your application within the office hours, chances are you will get your funds within 24 hours.

However, delays can happen. If your application barely makes it in time for approval within office hours, or if other checks (such as credit checks) are delayed due to unforeseen circumstances which are beyond our control.

What types of quick loans does Casheroo Finance offer?

We offer small loan between $400 to $2,000.00 and medium loan between $2,001 to $4,000.00.

There are no hidden fees or charges associated with our loans.

What is the application and approval process like for a quick and easy loan with Casheroo Finance?

Our application process is quick, easy and 100% online.

If you meet all our requirements, we’re usually able to give you an approval (and your funds) within 24 hours. Casheroo Finance is your financial solution to your short-term problem.

How can I contact Casheroo Finance if I have any questions about their quick and easy loans?

Our team is always happy to answer any questions you may have about our loans online in Australia.

Simply call us on (02) 7232 3128 during the office hours, or send us an email to: info@casheroofinance.com.au.

Can I have more than one loan from Casheroo Finance?

Unfortunately, we are unable to offer our customers with multiple loans at the same time. Our main focus is on responsible lending, as multiple loans may have an adverse impact on your ability to pay your existing loan.

However, you are welcome to apply for a new loan once your existing loan with us has been repaid in full.

What can I use my loan for?

Generally, when you apply for a loan with us, your loan will be predominantly for personal, domestic or household purposes.

You will be asked to input a reason for the loan in your loan application. Casheroo Finance reserves the right to enquire that your loan application and stated purpose is legitimate.

Will you lend to me if I am unemployed?

Unfortunately, as part of our commitment to responsible lending, we are unable to provide you with a loan if you are unemployed.

Presently, we require a minimum $500 per week (which may include government benefits, subject to our terms and conditions).

What are the fees and rates for the loans?

All our fees and rates are governed by the National Credit Code.

For loans under $2,000.00 – we will charge a 20% establishment fee (based on your principal sum). There will also be a 4% monthly fee on the account.

For loans between $2,001 and $4,000, there will be an establishment fee of $400 and a maximum comparison rate of 65.65% per annum).

If your direct debit falls through, there will be a dishonour fee of $35 each time. This fee includes our reasonable internal administrative costs and external third party costs.

If your loan account is in default, we may charge at the rate of $10 per day.

Please refer to our Fees and Rates Statement for further details.

What are the office hours?

Our friendly consultants are available between 09:30 AM to 04:30 PM, Monday to Friday.

However, our loan applications are open 24/7, which means you can apply for a loan on our website at any time.

What is the duration of my loan?

As part of our assessment of your loan application, we will work out the most appropriate loan term based on your circumstances.

This will be reviewed by a member of our team to ensure that the weekly/fortnightly repayments do not place you in a position of financial difficulty.

There are also maximum allowable loan repayment periods for small and medium loans.

You may also pay off your loan earlier. There are no additional fees for paying off your loan earlier than the scheduled due date.