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Cashify Personal+Plus Loan

Advertiser disclosure
Interest rate from
8.50% p.a.to 29.99% p.a.
Comparison rate from
14.20% p.a.to 35.86% p.a.based on $10,000
over 3 years
Upfront fee
$498

Mozo editorial review Cashify Personal+Plus Loan - last updated: 7 December 2020

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What's hot
  • Interest rates start at 8.50% p.a. (9.91% comparison rate*)
  • Flexible repayment options
  • Instant funding once contract signed
What's not
  • $190 establishment fee
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% (9.91% comparison rate*) plus has flexible weekly or fortnightly repayment options. Customers can borrow anywhere from $5,000 to $50,000 and choose a loan term anywhere between six months and three years.

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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% (9.91% comparison rate*). Just bear in mind though, interest rates on this loan can go as high as as 29.99% (35.86% comparison rate*) so compare your options before committing. 

The Personal+Plus loan is available for amounts anywhere between $5,000 and $50,000, and comes with a choice of loan terms from six months to seven 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 $498 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.

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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.

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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.

Details

Rates and fees information correct as at 18 October 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Variable

8.50% p.a.variable

14.20% p.a.to 35.86% p.a.based on $10,000
over 3 years

Fees

$498.00

$10.00

$10.00

n/a

150

Other financial bits

$5,000.00

$50,000.00

1 Year

7 Years

Unsecured

Features

Weekly, Fortnightly, Monthly

none

no

none

none

WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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