Do you conduct a credit check?

Yes. As a responsible lender, Cashify requires some personal information to help understand your financial position and ensure you can afford to repay your loan comfortably. As past of the loan application process, we will conduct a credit check with Equifax, an Australian credit reporting body.

Your credit report includes your credit score (or credit rate) and gives us an overview of your history as a borrower, helping us determine the level of risk involved as a lender. The information in your credit report is collated from a wide range of providers (such as banks, energy providers, etc.) and includes details on how much you have borrowed in the past, your repayment history and the number of credit applications you’ve made.

With our Personal+Plus Loans, your credit score also helps determine your personalised rates. The better your credit score, the lower your interest rates will be.

For more information on your credit score and credit reports, please visit moneysmart.gov.au