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Cash Train review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Cash Train suits Australians with poor credit who need a small amount quickly, not anyone shopping for cheap borrowing. It holds an Australian Credit Licence 389 268 and takes no credit check, but the Cash Loan fee of 20% establishment fee plus 4% monthly fee (Cash Loan) makes the cost high.

Key facts

Best for
Australians with poor credit who need a small loan of AUD 200 to AUD 2,000 cleared the same day.
Loan amount
A$200 to A$2,000↗
Term
2 to 12 months↗
Arrangement fee
20% establishment fee plus 4% monthly fee (Cash Loan)↗
Credit check
None↗
Funding time
Often within 30 minutes of approval; same day possible↗
Representative example
A loan of $1,000 over 3 months has fees and charges totalling $320, resulting in a total repayment of $1,320↗
Rate type
Fixed↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
Regular income including Centrelink, Australian resident, 18 or over, 90 days of bank statements↗
Origination fee (%)
20%↗
Loan types
Personal, Payday↗
Credit needed
Poor↗
Use cases
Home-improvement↗
Legal entity
Online Loans Pty Ltd (ABN 62 102 154 781) and Branch Loans Pty Ltd (ABN 28 114 540 797)↗
Headquarters
Australia↗
Founded
2001↗
Support channels
Phone, Email, Help-centre↗
Pricing model
Fixed rate
Features
Same-day funding
Official website
cashtrain.com.au

Facts checked September 26, 2026, 7 sources

Apps and profiles

Get the app
Google Play

Pros and cons

Pros

  • No credit check, and a Often within 30 minutes of approval; same day possible turnaround once approved
  • Free early repayment lets you clear the loan sooner without a charge
  • Direct lender with Australian Credit Licence 389 268, so there is no broker in the middle
  • Support runs on phone, email and help centre

Cons

  • The Cash Loan charges 20% establishment fee plus 4% monthly fee (Cash Loan), so a short loan carries a heavy fee load
  • Its representative example shows fees and charges that lift the total repayment well past the amount borrowed over a short term
Cash Train

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Scored 8.9 / 10 by SumCue.

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Who it suits

  • Australians with poor credit, since a credit check is none and the listed credit level is poor
  • Borrowers on a regular income, including Centrelink payments, who can supply a set period of bank statements
  • People who need money in a hurry, since same day funding is offered

Who should look elsewhere

  • Borrowers who want more than AUD 200 to AUD 2,000, where Sofkredit lends €12,000 to €300,000 at the other end of the range
  • Spanish borrowers after a larger loan, since Creduma ES starts at from €12,000
  • Anyone focused on the lowest cost, given the Cash Loan fee of 20% establishment fee plus 4% monthly fee (Cash Loan)

Safety of your money

Cash Train is a direct lender rather than a broker, so you deal with the entity that owns the loan. It holds an Australian Credit Licence, 389 268, in Australia. Its representative example shows fees and charges that add a large share of the amount borrowed, so the total repaid sits well above the loan itself. Read that example before you sign.

Who runs it

Cash Train operates as Online Loans Pty Ltd and Branch Loans Pty Ltd, with a head office in Australia. The business was founded in 2001 and stays a direct lender offering personal and payday lending. Support runs on phone, email and help centre. Its Australian Credit Licence is 389 268, with no regulator named, so check the register before you borrow.

How Cash Train compares

Where Cash Train is available

Available
Australia
Licence in Australia
Australian Credit Licence (regulator not named on page) (389 268), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

How much can I borrow from Cash Train?+

Loans run from AUD 200 to AUD 2,000. That is a small pool of money, so Cash Train suits a car repair or a bill rather than a renovation, even though home improvement is a listed purpose. Personal and payday lending are both offered, with terms of 2 to 12. Anything larger needs a different lender.

What fees does Cash Train charge?+

The Cash Loan carries fees of 20% establishment fee plus 4% monthly fee (Cash Loan), which is the number to weigh most carefully. The representative example shows fees and charges that push the total repaid well past the amount borrowed on a short term. Across payday lenders here, the median APR is 36.5%.

Does Cash Train run a credit check?+

No, a credit check is none and the credit level aimed at is poor, so a past default does not rule you out. Approval rests on a regular income, including Centrelink payments, Australian residency and a set period of bank statements. Only 9.2% of payday lenders here skip the check.

How fast does Cash Train pay out?+

Funding is Often within 30 minutes of approval; same day possible, and same-day funding is a listed feature. Compare that with the payday category, where 90.2% of lenders offer it. Speed suits an emergency, though it is also a reason to keep the loan small given the fee level.

Is Cash Train regulated in Australia?+

It holds an Australian Credit Licence, 389 268, and its head office is in Australia. The licence is the number to check, since no regulator is named alongside it. 1,336 lenders on the site are licensed, so there are peers with a named regulator.

Can I repay a Cash Train loan early without a fee?+

Yes, early repayment is free, which is worth having on a loan with a monthly fee running. Most lenders here allow free early repayment, at 86.8%, so this is a norm rather than an edge. It is still among the few ways to cut the total cost of a Cash Loan.

How do I get help from Cash Train?+

Support runs on phone, email and help centre, so phone, email and a help centre are all available, while live chat is not among the listed channels. Phone support is the most common route among payday lenders here at 76%. Questions go through those three channels rather than a forum.

Sources

  • cashtrain.com.au checked September 26, 2026

    Backs: Credit needed, Funding time

    “A poor credit history doesn't automatically rule you out. We consider your current situation and ability to repay.”

  • cashtrain.com.au/about-us checked September 26, 2026

    Backs: Founded, Lender type, Loan types

    “We started out in 2001 by offering payday loans to provide quick cash for unexpected expenses”

  • cashtrain.com.au/contact-us checked September 26, 2026

    Backs: Support channels

    “You can contact Cash Train by phone, online enquiry form, or by visiting one of our branches. By Email: Send us your email enquiry to info@cashtrain.com.au”

  • cashtrain.com.au/legal-compliance checked September 26, 2026

    Backs: Headquarters, Legal entity, Licences

    “ABN: 62 102 154 781 Australian Credit Licence: 389 189”

  • cashtrain.com.au/loan-costs checked September 26, 2026

    Backs: Loan amount, Arrangement fee, Representative example

    “our Cash Loans are for amounts ranging from $200 to $2,000”

  • cashtrain.com.au/loan-types/no-credit-check-loans checked September 26, 2026

    Backs: Credit check, Eligibility, Features, Free early repayment, Origination fee (%), Term

    “At Cash Train, our loans under and up to $2,000 do not require any credit checks”

  • cashtrain.com.au/loan-types/personal-loans checked September 26, 2026

    Backs: Pricing model, Rate type, Use cases

    “Fixed Interest Rate: Annual Cost Rate of up to 48%”

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR.

Cash Train

Cash Train

Australians with poor credit who need a small loan of AUD 200 to AUD 2,000 cleared the same day.

8.9/10See alternatives