Small Loans
Why go with a Mega Cash GO small loan?
Facing an unexpected expense that needs attention? We’ve got you covered. Our small loan product offers quick financial support for everyday challenges, with loan amounts ranging from $300 to $2000.
Designed for everyday individuals, these loans come with flexible repayment options, allowing you to spread the cost over a manageable term. With our 100% online application process, accessing funds has never been easier – helping you handle life’s surprises without added stress.
Mega Cash GO personal loans
What can you use a personal loan for;
Frequently Asked Questions
View all FAQ'sAm I eligible for a Mega Cash GO loan?
If you are over 18, an Australian citizen or permanent resident and receive an income, you may be eligible for a Mega Cash GO loan.
We verify all your details to make sure you’re in a position to repay. Our top priority is to ensure that you have a great experience and are able to comfortably repay your loan.
How much can I borrow?
Mega Cash GO offers loan between $300 and $5000! The amount you can borrow will be based on the amount you ask for and your personal circumstances at the time you apply.
Mega Cash GO will perform an identity and credit check with a credit reporting bureau, as well as assess your income and expenses to ensure that the product you choose is right for you.
How much does it cost?
You’ll always see a clear breakdown of all your fees and repayments before you confirm your loan. As a quick reference, though, here’s a general breakdown of fees:
Small Loan: If the principal amount you borrow is between $300 – $2,000 you’ll pay:
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Establishment fee: 20% of the principal amount
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Monthly loan fee: 4% of the principal a month
Medium Loan: If the principal amount you borrow is between $2, 050 – $5,000 you’ll pay:
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Establishment fee: $400 flat rate
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Interest Rate: 36% per annum
- Comparison Rate: 53.3385% per annum
The comparison rate is based on an unsecured loan for an amount of $2500 over 2 years with a $400 establishment fee.
What do I need to get started?
Mega Cash GO has tried to make our application process quick and easy! We don’t like paper and long consultation meetings. We do still need to know some things though…
What you will need to apply:
- Your internet banking details
- Two of the following forms of identification (Drivers license, Medicare card or Passport)
- Your BSB and bank account number (so we know where to deposit your money)
- Plus all the usual stuff like your name, DOB, address, employment information and details on your current expenses
How do I apply?
Apply: Apply here and answer some basic questions or download our app and apply.
Link: Link your bank account for same day approvals and funds delivery.
Verify: For security purposes, we’ll request that you verify your ID.
Approval: Your loan application is either approved or denied. Either way, you’ll know if your loan’s been approved before the end of the day.*
*application must be received before 3:30pm AEST / AEDT on a business day
Funds delivered! Once you’re approved, we’ll send you a direct deposit.
Does Mega Cash GO do credit history checks?
Mega Cash GO are responsible lenders and therefore perform a credit check to help evaluate your loan application.
If you have a default on your credit file, don’t worry – we may still be able to help you depending on the situation. While credit history is a vital part of our assessment, we also take other factors into account!
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 before you borrow:
- For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor.
- Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan.
- If you are on government benefits, ask for an advance from Centrelink: www.humanservices.gov.au/advancepayments
The Government MoneySmart website shows you how small amount loans work and suggests other options that may help you.* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.
Apply and manage your loan in-app today!
