Who can we lend to?
We adhere to responsible lending practices. We as Credit providers are required by law to lend money responsibly, and we will not lend to you if the credit would be unsuitable for you.
What you need to give to the lender?
The Credit Provider will make enquiries about your financial situation and request for you to provide the previous 90 days of statements. Also, the Credit Provider will attend to the following:
We make enquiries about your financial situation, including asking questions about your income, expenses and employment status to help us understand your current circumstances.
We take steps to verify your financial situation, including reviewing your bank statements, payslips, copies of bills, copies of other credit contracts or statements of accounts, property rental statements, and other information disclosed during your application.
We make inquiries about your requirements and objectives, including asking you about the purpose of your loan.
What will the loan cost?
We’re transparent. We show you a full breakdown of all your fees and repayments before you confirm your loan. However, the exact fee that you are charged will vary depending on the amount that you borrow. Also, Credit Providers are allowed to charge you the following:
A one-off establishment fee of 20% (maximum) of the amount loaned for loans between $500.00 – $2,000.00
A one-off establishment fee of $370 (maximum) of the amount loaned for loans between $2001.00 – $5,000.00
A monthly account keeping fee of 4% (maximum) of the amount loaned
A monthly admin fee of $10.00
Late payment fee : $10.00
Reschedule fee : $14.00
Direct debit dishonour fee : $30.00
Enforcement expenses (including legal expenses to recover any default amount)
We hold an Australian credit licence. Our credit licence (no 517363) is issued by the Australian Securities and Investments Commission and means that we must comply with the National Consumer Credit Protection Act 2009 (Cth), including making sure we lend responsibly.
Cashify is designed to put you in control so you know exactly what’s happening, and you stay out of trouble. We’ve assembled the finest mathematicians and software developers to build our clever technology. We take extra special care to make sure that every loan we offer you is affordable for, and every loan meets your needs, objectives, and requirements.
We support customers facing financial difficulty. Financial difficulty can arise from different life events such as change in income, illness, a relationship breakdown, reduction in your cash flow or emergency events. We encourage customers facing financial hardship to talk to us. We will treat every case individually.