Cash Direct Loans Review: Fast 60-Second Funding & Flexible Terms

Cash Direct offers quick-access loans in Australia, with amounts from $200 to $5,000. Their standout feature is the promise of funds transferred within 60 seconds via OSKO after approval—one of the fastest on the market. You can apply for various loan types, including emergency and small cash loans, all through a secure online process. For loans up to $2,000, there is a flat 20% establishment fee and a 4% monthly fee. Medium loans ($2,001–$5,000) attract a maximum 48% APR and a $400 establishment fee, with flexible terms from 3–24 months.

Hoe aan te melden: Stapsgewijze handleiding

1. Fill out Cash Direct’s simple online application form using your phone or computer.

2. Securely link your bank account for fast income verification.

3. Review your personalised offer outlining rates, total repayment, and terms.

4. Accept the offer and your funds are transferred via OSKO in under a minute.

Notable Advantages

The application is paperless, 100% digital, and available any day of the week. The speed of loan funding is a significant benefit—approved borrowers can see money in their account within 60 seconds. Additionally, those with a good repayment history may be eligible for the express approval process.

Borrowers can also repay early with no extra fees, reducing their overall cost.

POTENTIAL DRAWBACKS

Fees for smaller loans can add up quickly due to the fixed percentage structure. For some, this might make borrowing expensive if repaid slowly.

Maximum APR for medium loans is high, up to 48%. Additionally, applicants must have bank account and income, so not everyone will qualify.

OUR VERDICT

Cash Direct impresses with streamlined processes, fast funding, and flexible repayment terms. While costs on small loans are relatively high, instant access to cash makes this service attractive for emergency needs. Overall, a compelling option for those who value speed and simplicity.