The Personal Cash Advance contract:
- Repayments will be automatically direct debited on the agreed dates.
- Must be repaid within the loan contract term, usually four (4) weeks.
- Cost of borrowing is governed by the Consumer Credit Code Legislation.
- All our fees and charges are explained in our documentation.
To Qualify, You must:
- Be a resident of Australia.
- Have an active account with an Australian Bank or Credit Union.
- Have an income of at least $1500 each month, paid into your bank account.
- Show that you have regular income by sending us your bank statements.
- Have a valid email address so that Money Centre can contact you.
- If this is your first application you need to send us at least 60 days (two months) of statements up to the current date. If this is a repeat application we need 30 days (one month) of statements up to the current date. If you have Internet access to your bank account, you can print a copy of your statement
On approval:
- You will receive an offer of a Personal Cash Advance by e-mail.
If you accept the Cash Advance Proposal:
- The agreed Cash Advance amount will be deposited into your bank account or as otherwise arranged.
A Personal Cash Advance is:
- An Advance of a small amount of money for a short term.
- Advanced to one person, based on that person’s income and personal circumstances.
- Subject to a reasonable credit history.
- Centrelink recipients may also be eligible.
A Cash Advance can be:
All Personal Cash Advances:
- Must be repaid within the Contract Terms Stated, usually four (4) weeks.
- Are contracted for a single term and cannot be extended for another term.
- Must be repaid in full before another Advance can be given.
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