Cashify Personal+Plus Loan

Mozo snapshot

If you are looking for a short term personal loan to fund a wedding or future holiday, the Cashify Personal+Plus Loan  could be a savvy way to do it. This unsecured personal loan comes with  interest rates starting at 8.50% (11.97% comparison rate*) plus has flexible weekly or fortnightly repayment options. Customers can borrow anywhere from $5,000 to $15,000 and choose a loan term anywhere between six months and two years.

Key features

Like many personal loan providers, Cashify’s interest rates are tiered depending on your credit history and financial background. If you’ve got excellent credit you may be able to take full advantage of the  competitive 8.50% (11.97% comparison rate*). Just bear in mind though, interest rates on this loan can go as high as as 29.99% (33.32% comparison rate*) so compare your options before committing. 

The Personal+Plus loan is available for amounts anywhere between $5,000 and $15,000, and comes with a choice of loan terms from six months to two years. Not only that, customers have the choice to make weekly or fortnightly repayments, it’s whatever suits you. 

Another perk of Cashify Loan’s Personal+Plus loan is that you won’t have to wait around for funding. Once you sign the approved contract  funds will be transferred within 30 minutes ( 9am and 9pm, Monday to Friday or the next business day. 

Be mindful though, this loan has some fees attached to it. There is a $190 establishment fee and a $10 monthly fee. There are also a bunch of penalty fees like a $10 late payment fee, $14 reschedule fee and $30 dishonour fee, so make sure that you set up automatic repayments so that you won’t be caught out.

Who is it good for

To qualify for this loan you must be over the age of 18, currently employed and have a minimum income of $50,000 p.a. So, this product could be a great option for someone that ticks all those boxes and is in need of a short-term loan option.

Any catches

Remember, the interest rate on this loan is calculated on a case by case basis, so if you have a great credit history and are a strong applicant this loan could benefit you. If you don’t, try Mozo’s rate matcher tool first as it will show you personalised rates based on your credit score.