Frequently Asked Payday Loan Questions

Need a payday loan to take care of that emergency, that unforeseen bill or just to reward yourself?

What is a payday loan?

A payday loan (also called a payday advance) is a short-term loan secured by your paycheck. We broker a loan for you and you pay us back by Direct Debit from your Bank account on the payday you designate.

What is your renewal policy?

Cashtoday does not offer to renew or refinance loans.

I'm new to CashToday. How do I get started?

It’s easy! Register here and follow the instructions. (Apply now!).

What documents do I have to provide?

You will be advised if any additional documents are required once your application is recieved.

What are the requirements for approval?

You must have been in your current job for at least four consecutive months. In addition, you must have a valid Bank account that has been open for at least three months.

When can I request a cash advance loan?

Anytime! If you are a new customer, simply fill out the application and follow the directions. If you are an existing customer, you can login to your account and click “Apply For New Loan.”

When do I get my money?

If you apply by 2:00 PM, The funds will appear in your account the next business day. Your bank may require an extra day to make the funds available in your account.

How do I get my money?

Direct funds transfer. The money is directly deposited into your nominated bank account.

How do I repay my loan?

We make a direct withdrawal from your bank account on your agreed repayment dates. We only withdraw the amount that was authorized in your loan contract. If you pay off this loan early you will not incur a early payout penalty.

What happens if I don't have the funds available to pay back the loan?

We’ll work with you, provided you contact us as soon as you know that there’s a problem. If you contact us before the due date, we can make arrangements to change the repayment date until your next payday. You will incur additional fees for this which are listed in the loan documents that you will sign. If we attempt to withdraw funds and your direct debit dishonours , you will incur a fee of $40. By staying current with your original loan, you limit any additional charges or collection fees applied to your account.

Can I have more than one loan with CashToday at a time?

No. We must have the full amount collected before we can issue another loan. Besides protecting us, this policy also helps you avoid getting overextended.

What if I only have a business account?

We require you to show us the last 3 months of bank statements to show us your income.

What if I am self employed?