Cash Converters Personal Finance AU – review 2026

Cash Converters Personal Finance Review

Cash Converters is one of Australia's best-known short-term lending brands, offering personal finance both in-store and online under Australian Credit Licence 376124. Its current flagship personal lending product, the Cashies Loan, replaced the small amount credit contracts (SACCs) the brand was previously best known for.

Cashies Loan: Rates and Limits

The Cashies Loan is a revolving personal line of credit with limits from AUD 2,050 up to AUD 10,000. Instead of a flat SACC fee, Cash Converters applies a personalised interest rate based on credit history: approximately 19.95% p.a. for strong credit and repayment history, 35% p.a. for average credit, and up to 48% p.a. for applicants with a weaker credit profile. Interest is charged only on the amount actually drawn, with a maximum repayment period of 36 months per drawing and no establishment, monthly, annual or early repayment fees. A AUD 33 dishonour fee applies if a scheduled payment is missed.

Eligibility

To qualify, applicants must be 18 or over, an Australian citizen or permanent resident, earn at least AUD 500 a week on average, have less than half their income from Centrelink, not be bankrupt or in a Part 9 debt agreement, and be willing to provide 90 days of bank statements digitally. Approved funds are paid out upfront up to the approved limit, and further redraws of at least AUD 200 are available through the My Loans app, typically transferred within minutes via the New Payments Platform (NPP).

Regulatory History

Cash Converters International Limited is listed on the ASX (ASX: CCV) and has previously faced ASIC regulatory action and paid infringement penalties and customer refunds over past SACC lending practices. The company has since revised its responsible lending assessment processes, and current Cashies Loan lending is assessed under standard responsible lending obligations.