What is a Payday Advance?
 

A payday advance, or payday loan, is a short-term, unsecured, easy and affordable finance solution for when you need a cash loan fast.

A payday advance, or payday loan, is repaid over a period of 1 to 10 weeks. Flat fees apply and there are no hidden charges. Your current employment and your current income act as security. A payday advance, or payday loan, will be for an amount from $100 up to $500.

Clients choose a payday advance, or payday loan, to cover small, unexpected expenses while avoiding costly bounced-cheque fees and late payment penalties.

How do I qualify for a Payday Advance?
 

To qualify for a payday advance, or payday loan, you must be 18 years old or over, have held an Australian bank account and been employed by the same employer for at least 3 months and receive your wages paid directly into your Australian bank account. You must have sufficient income to facilitate repayment of any funds advanced.

What if I have a poor credit history?
 

Poor credit history will not adversely effect your application for a payday advance, or payday loan, as we do not perform credit checks. Your current employment and your current income act as security.

Is the application process slow?
 

No. Clients usually receive approval within an hour of applying. Since the money is normally transferred directly into your bank account, you can usually access your payday advance, or payday loan, funds the very next day. If funds are required sooner, funds can be arranged immediately during bank trading hours from our office.

Is my personal information secure?
 

Yes. My Cash Base is committed to making every effort to comply with the provisions, and the most customer favourable interpretation of those provisions, in the Commonwealth Privacy Act 1988, the Privacy Amendment (Private Sector) Act 2000 and the associated National Privacy Principles and provides every customer with a detailed Privacy Statement. See our privacy policy for more information.

How often can I use this service?
 

You can use My Cash Base services whenever you like, however, we recommend only using it when an immediate or urgent need arises. A payday advance, or payday cash loan, is a short-term answer to an immediate cash need. It is not intended for repeated use in supporting an ongoing budget situation as serious financial difficulties may result.

How is the advance amount determined?
 

Your ability to repay your payday advance, or payday loan, will determine the maximum amount of funds we will advance.

When will I have to repay the advance?
 

A payday advance, or payday loan, is repaid over a period of 1 to 10 weeks.

What if I cannot pay on my due date?
 

Various arrangements can be made to facilitate repayment of your payday advance, or payday loan, where difficulty has arisen. Please speak to one of our customer service representatives as soon as it becomes apparent that your payday advance, or payday loan, will not be paid on time.