Cash Train
Cash Train is an Australian licensed short-term lender offering cash loans ($200–$2,000), personal loans up to $8,000, pawnbroking, and currency exchange to retail consumers — including bad-credit and Centrelink recipients — through a national branch network, website, and iOS/Android apps.
- Company typePrivate
- Founded2004
- HeadquartersPerth, Australia
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Cash Train does
Cash Train is an Australian short-term consumer lender operating for over 20 years under the parent holding company Commit Co Pty Ltd, with headquarters in Northbridge, Perth and a national branch network spanning New South Wales, Victoria, Queensland, South Australia, Western Australia, and Tasmania. The company serves underbanked retail consumers — including those with bad credit histories and recipients of Centrelink benefits (JobSeeker, Disability Support Pension, Family Tax Benefits) — through two ASIC-licensed proprietary entities: Online Loans Pty Ltd (Australian Credit Licence 389189) handles digital origination, while Branch Loans Pty Ltd (ACL 389268) operates the physical footprint. The product portfolio is organised into Small Amount Credit Contracts ($200–$2,000, with a 20% establishment fee and 4% monthly fee), Medium Amount Credit Contracts ($2,001–$4,600, with a $400 establishment fee and 45% credit fee over 11–16 months), larger personal loans ($4,601–$8,000 over 19–20 months, secured or unsecured), pawnbroking against gold/jewellery/electronics, and no-commission foreign exchange at selected branches.
The technology stack is a web-based origination and servicing platform with native iOS and Android applications and a Members Area portal for repeat borrowers. Underwriting relies on bank statement retrieval through Open Data Solutions or Illion, identity and credit checks via Equifax and Experian, and a rule-based responsible-lending assessment framework mandated by the National Consumer Credit Protection Act. Applications are positioned to complete in approximately five minutes, with conditional offers issued quickly and same-day funding available subject to bank processing.
Cash Train's revenue model is fully transaction-fee based across every product line: it earns establishment fees plus monthly or credit fees on each loan, with disclosed examples such as $320 in fees and charges on a $1,000 three-month cash loan (total repayment $1,320) and no early-repayment penalties. Customer acquisition is direct-to-consumer via the website, mobile apps, the branch network, content marketing through a financial-education blog, Google Reviews for social proof, and NCPA membership for industry credibility. The company is privately held, has not disclosed external funding, and does not publish revenue, headcount, or loan-book figures.
Cash Train firmographics
Firmographics- Name
- Cash Train
- Legal name
- Online Loans Pty Ltd
- Website
- https://cashtrain.com.au
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Cash Train is an Australian licensed short-term lender offering cash loans ($200–$2,000), personal loans up to $8,000, pawnbroking, and currency exchange to retail consumers — including bad-credit and Centrelink recipients — through a national branch network, website, and iOS/Android apps.
- Ownership category
- akta.pro rank
Cash Train industry classification
Industry- Product category
- Consumer Lending
- NAICS
- Credit Intermediation and Related Activities (522)
- SIC
- Personal Credit Institutions (6141)
- akta.pro primary industry
- Cash Advance (Online & Storefront) (FSAKAMAC)
- akta.pro secondary industry
- Online/Digital Pawn & Remote Collateral Lending (FSAKALAG)
Keywords
Where Cash Train is headquartered
LocationHeadquarters
- HQ city
- Perth
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Cash Train business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Cash Loans (Small Amount Credit Contract): Loans from $200 to $2,000 with a 20% establishment fee and 4% monthly fee. For a $1,000 loan over 3 months, fees and charges total $320 (1 x $200 + 3 x $40), resulting in total repayment of $1,320.
- Personal Loans (Medium Amount Credit Contract): Loans from $2,001 to $4,600 with a $400 establishment fee and 45% credit fee. Fixed loan terms from 11 to 16 months.
- Personal Loans (All Other Credit): Loans from $4,601 to $8,000 with fixed loan terms from 19 to 20 months. Borrowers can apply for secured or unsecured loans.
- Pawnbroking Services: Provides instant cash for gold, jewellery, and electronics as an alternative lending option.
- Currency Exchange: No-commission foreign exchange services at selected branches.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Cash Loans $200-$2,000: 20% establishment fee + 4% monthly fee |
| Transaction based/ take rate | Pay-as-you-go | Personal Loans $2,001-$4,600: $400 establishment fee + 45% credit fee |
| Transaction based/ take rate | Pay-as-you-go | Personal Loans $4,601-$8,000: Variable fees with fixed terms |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Cash Train product offering
Product offeringCore offering
Cash Train is an Australian consumer lender providing Cash Loans of $200–$2,000 (Small Amount Credit Contracts, 3–12 month terms) and Personal Loans of $2,001–$8,000 (Medium and All-Other Amount Credit Contracts, 2–20 month terms), distributed online and through a nationwide branch network. The company also operates Pawnbroking services (instant cash against gold, jewellery, and electronics) and no-commission Currency Exchange at selected branches. Lending decisions are delivered via a digital application platform with same-day funding subject to bank processing.
Product overview
Cash Train is an Australian short-term lender offering a portfolio of credit products through two licensed entities: Online Loans Pty Ltd (online applications) and Branch Loans Pty Ltd (branch network). The core product offerings include Cash Loans ($200-$2,000, 3-12 months) and Personal Loans ($2,001-$8,000, 2-20 months), both available with inclusive lending criteria that consider applicants with bad credit or Centrelink income. Supporting services include Pawnbroking (gold, jewellery, electronics) and Currency Exchange at select branches. Digital access is provided via a responsive website, native mobile apps (iOS/Android), and a Members Area portal for account management. The company operates over 20 years with branches nationwide and is regulated by ASIC under the National Consumer Credit Protection Act.
Differentiator
Problem solved
Functional benefit
Products and services
- Cash Loans (Small Amount Credit Contract) Small Amount Credit Contracts ranging from $200 to $2,000, repayable over 3 to 12 months, with a 20% establishment fee and a 4% monthly fee. Designed for Australian consumers needing quick access to emergency cash, including those with bad credit or receiving Centrelink benefits.
- Personal Loans (Medium and All-Other Amount Credit Contracts) Medium and All-Other Amount Credit Contracts ranging from $2,001 to $8,000 with fixed repayment terms from 11 to 20 months. Medium tier ($2,001–$4,600) carries a $400 establishment fee and 45% credit fee; larger tier ($4,601–$8,000) offers fixed terms of 19–20 months on secured or unsecured basis. For larger personal expenses such as car repairs, medical bills, home improvements, and travel costs.
- Pawnbroking In-store service at selected branches providing instant cash in exchange for collateral items such as gold, jewellery, and electronics. Customers may retrieve their pledged items upon repayment of the loan.
- Currency Exchange No-commission foreign currency exchange service available at selected branches, allowing customers to exchange local currency at branch locations.
Quantifiable outcome
- Funds available within 30 minutes of approval (subject to bank processing)
- +2 more outcomes
Companies that use Cash Train
Customer profileSegments4 records
Ideal customer profiles4 records
Cash Train technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Cash Train partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- National Credit Providers Association (NCPA)coreCash Train is a member of the NCPA, which promotes responsible lending practices across the industry. The NCPA works with members and policymakers to maintain a viable small loans industry that provides responsible lending and vital financial inclusion to around 1 million Australians a year.
- Illion (formerly Dun & Bradstreet Australia)coreIllion provides bank statement retrieval and analysis services for creditworthiness assessment and identity verification purposes during the loan application process.
- EquifaxcoreCredit reporting body used by Cash Train to exchange credit information, assess creditworthiness, and calculate credit scores for loan applicants.
- ExperiancoreCredit reporting body used by Cash Train to exchange credit information and assess creditworthiness of loan applicants.
Scale indicators2 records
Recent moves6 records
Expansion highlights4 records
Cash Train competitors and assessment
Company assessmentBroad incumbents
- Plenti: ASX-listed Australian consumer lender offering personal loans, auto loans, and renewable energy finance. Comparable personal-loan tier ($2k-$8k) with broader product portfolio and stronger digital infrastructure.
Emerging players
- Beforepay: ASX-listed Australian earned-wage-access provider giving employees advances on accrued wages. Competes with Cash Train's payday-loan use case by offering a lower-cost alternative to bridge pay cycles.
Direct peers
- Nimble: Australian online-only SACC and medium-amount lender targeting similar underbanked consumer segments (bad credit, Centrelink). Comparable product set, fees, and target customer despite purely digital distribution.
- Money3: ASX-listed Australian specialist lender offering SACCs, medium-amount credit contracts, and secured car loans. Comparable lending products and customer base, with the added benefit of public financial disclosure.
- Sunshine Loans: Australian online lender offering small and medium amount credit contracts to consumers with bad credit or Centrelink income. Near-identical customer segment and product economics to Cash Train's online offering.
- Cash Converters: Australia's largest pawnbroking and short-term lending network with both storefront and online channels. Directly comparable to Cash Train on SACCs, personal loans, pawnbroking, and the dual online/branch model across Australia.
- Wallet Wizard: Australian online SACC and personal loan provider serving similar underbanked consumer segments. Comparable fee structure, loan sizes, and direct-to-consumer digital origination model.
- Ferratum: Australian arm of European digital lender specialising in small SACCs to underbanked consumers. Direct overlap in product size, fee structure, and customer profile.
- Cash Direct: Australian online short-term lender offering payday and small personal loans with similar inclusive underwriting for bad-credit and Centrelink customers.
Regional players
- Wonga: UK-origin digital payday lender historically comparable in product structure to Cash Train's online offering, serving as a benchmark for short-term-credit regulatory outcomes in another jurisdiction.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Cash Train social profiles
Digital presenceCash Train compliance and trust
Trust signalCompliance2 records
Cash Train financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cash Train leadership team
Management profileNumber of profiles
Cash Train subsidiaries and ownership
Company hierarchySubsidiaries5 records
Cash Train funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cash Train M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cash Train
What does Cash Train do?
Cash Train is an Australian consumer lender providing Cash Loans of $200–$2,000 (Small Amount Credit Contracts, 3–12 month terms) and Personal Loans of $2,001–$8,000 (Medium and All-Other Amount Credit Contracts, 2–20 month terms), distributed online and through a nationwide branch network. The company also operates Pawnbroking services (instant cash against gold, jewellery, and electronics) and no-commission Currency Exchange at selected branches. Lending decisions are delivered via a digital application platform with same-day funding subject to bank processing.
Is Cash Train a public or private company?
Cash Train is a private company. It is classified as corporate owned and is currently operating.
When was Cash Train founded?
Cash Train was founded in 2004. It employs 11 to 50 people.
Where is Cash Train based?
Cash Train is headquartered in Perth, Australia, in the Oceania region.
How does Cash Train make money?
Five revenue lines are on record. Cash Loans (Small Amount Credit Contract) is the primary driver. The others are personal Loans (Medium Amount Credit Contract), personal Loans (All Other Credit), pawnbroking Services and currency Exchange.
Who are Cash Train's main competitors?
Plenti is listed as a broad incumbent. Beforepay is listed as an emerging player. Direct peers are Nimble, Money3, Sunshine Loans, Cash Converters, Wallet Wizard, Ferratum and Cash Direct. Wonga is listed as a regional player.
Does Cash Train have an API?
No public API is recorded for Cash Train.
What industry is Cash Train in?
Cash Train's product category is Consumer Lending. Its primary akta.pro industry code is FSAKAMAC, Cash Advance (Online & Storefront), with a secondary code of FSAKALAG, Online/Digital Pawn & Remote Collateral Lending. Its NAICS code is 522 and its SIC code is 6141.