CashnGo Loan Review

Learn about CashnGo's products, including their fees, terms and more, with Savvy today.

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, updated on February 12th, 2024       

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CashnGo is an Australian online lender based in Parramatta which specialises in small loans. If you’re looking to access fast cash with CashnGo, it’s important to understand what products it offers, as well as its fees, terms and more. Fortunately, you can do just that with Savvy. Dive into our analysis of its loans and learn about your potential alternatives with us today!

Rates and product information are correct as of 12 February, 2024.

CashnGo Small Loan Review

How do CashnGo's small loans work?

CashnGo offers small loans ranging from $300 to $2,000, with loan terms from as little as 62 days up to as many as 180. These are known as Small Amount Credit Contract (SACC) loans, which have their own rules in place when it comes to how fees can be applied.

Additionally, Medium Amount Credit Contract (MACC) loans can also be obtained through CashnGo, which start at $2,100 and are capped at $5,000, which come with repayment periods of between two and 12 months. You can choose whether to pay off your loan on a weekly, fortnightly or monthly basis, while additional early payments are free for either loan type.

In terms of the application process, this takes place online from start to finish. Applicants will need to supply personal identification, contact information, bank details and proof of recurring income to qualify for a loan. Once all of this has been submitted, you can receive an outcome quickly and have your funds released within 60 minutes of formal approval (if you’re successful).

What will the cost of a small loan through CashnGo be?

The price breakdown for a small loan through CashnGo is as follows:

Loans from $300 to $2,000:

  • Establishment fee: 20% of your loan amount
  • Monthly fee: 4% of your loan amount
  • Cost example: a $1,000 small loan repaid monthly over three months would come with a $200 establishment fee and a $40 monthly fee, resulting in a total loan cost of $1,320.

Loans from $2,100 to $5,000:

  • Interest rate: up to 48% p.a.
  • Establishment fee: $400
  • Cost example: a $3,000 small loan repaid monthly over 12 months would come with a $400 establishment fee and interest of $947, resulting in a total loan cost of $4,347.

Can I get a small loan through CashnGo if I have bad credit or am receiving Centrelink payments?

CashnGo can offer funding to applicants even if you have a less-than-perfect credit score and/or receive Centrelink benefits. While it does complete credit checks in line with Australian responsible lending laws, CashnGo is more focused on your current financial situation and assesses a range of factors to determine your eligibility. Those who are bankrupt or in a Part IX or X agreement won’t be approved, though.

When it comes to Centrelink payments, first-time borrowers can only apply for a maximum of $300 if they’re on government benefits. Provided you meet its qualification criteria relating to minimum income, you can apply for a loan on Centrelink, whether you’re a single mother or receiving a veteran payment or age pension.

What are the potential alternatives to a small loan with CashnGo?

CashnGo offers quick access to small loans, but if you're looking for an alternative, consider applying for a small loan through Savvy. We collaborate with reputable lenders nationwide to assist you in obtaining the funds you require promptly.

Applying for a small loan through Savvy is straightforward and convenient. Here's how it works:

  1. Complete our application form, providing details about yourself, such as your credit score, income, employment, and more. You can select a loan amount ranging from $2,050 to $5,000.
  2. Submit your application and promptly receive an instant automated decision from one of our partnered lenders.
  3. If conditionally approved, your application will be reviewed by your matched lender, which may require additional documentation.
  4. Once your lender is satisfied, you'll receive formal approval and loan documents to sign, detailing your loan term, fees, repayment schedule, and other relevant information.
  5. After signing and returning the documents, your funds will be transferred directly to your nominated account. All of this can occur as soon as the same day you apply.
Apply now

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Apply for a small loan through Savvy today

We're here to help make life easier for you. With smooth online applications, instant outcomes and funding as soon as the same day, it's never been easier to access the funds you need than by applying through Savvy.


The information on this website is of general nature and does not take into consideration your objectives, financial situation or needs.

For loans between $2,050 and $5,000, the APR is between 21.24% (minimum) and 48% (maximum) per annum. Comparison rate of 65.4962%. Minimum term is 16 days and maximum term is 24 months. The cost of the loan is a $400 establishment fee and monthly interest charged on the amount borrowed. For example, a loan of $3,000 over 3 months with an APR of 48%, (comparison rate of 65.4962%), will have an establishment fee of $400, monthly repayments of $1,225.20. Total repayments of $3,675.60 and total interest payment of $275.60.

Warning: A comparison rate indicates the true cost of a loan. Comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.