Cash Direct offers a range of loan options for new migrants working in Australia. If you are a Non-Permanent Resident in Australia, with a Temporary Working Visa, an International Student Visa or have a Family or Partner based Visa; you can qualify for a Cash Direct Visa Loan.
We offer Small Loans of between $200 to $2,000, that can be paid over 1 to 12 months. We also offer medium loans of up to $5,000, typically paid over 12 months. We can consider larger loans where you have higher income and capacity to repay a larger loan.

Visa Loan Eligibility

How can I qualify for a Visa Loan? Easy, you will just need to have:

• Australian Employment of at least 20 hours per week

• An Australian bank account, receiving your wages, and showing a consistent and responsible budget

• A valid Passport and Visa, supporting a Visa term that is beyond the loan term

• Clear credit in Australia

• A good Character Referee that can provide a character reference and be your back up contact

Applying for a Visa Loan is 100% Online and Paperless. It will take less than a few minutes to apply online, and once approved, you sign up electronically, and money is transferred into your Australian bank account within 1 hour. As a Cash Direct Member, you will get Express Service for any future loan needs.

Click here to Apply Online Now.

Is it easier to get a loan once you become a Permanent Resident?

Yes, much easier. Once you have your permanent residency, you will find the larger banks and lenders will be much more comfortable lending to you. You can then qualify for highly competitive car and home loans. Your permanent residency will also give you access to free education at Public Schools and access to Medicare, Australia’s Public Health Care System. If you need help funding your Permanent Resident Application, click here.

Work Tools and Equipment Loan, for Australian Visa Workers

The work tools loan for Australian Visa workers is designed to provide a loan to fund the initial expense of purchasing your own tools and equipment required for your new job and career.

Sometimes your employer and sponsor will fund this, but often you do need your own tools, particularly for specialist mechanics.

This can also extend to other forms of work equipment needed – whether it be a laptop, computer, or other required electronic and office equipment, work wear, and even training needs.

How should work related tools, equipment and other items be purchased?

When purchasing any work-related tools, it is important to keep a record of them with a valid receipt, and ensure you incorporate this spend in your Annual tax return.

That is because the Australian Taxation Office (ATO) allows for Work Related Tax Deductions.  The general rule is that any work-related expense that is directly driving your income, can qualify as a valid tax deduction.

This is most relevant with our customer base of skilled migrants Deductions for works tools and equipment.  See this prior link to learn about what qualifies, but certainly hand tools, such as spanners, hammers, screwdrivers, power tools, and all protective equipment qualify.  For individual items less then $300, you can claim an immediate deduction for their cost in your next tax return.  

You can also claim the cost of repairing and insuring your tools.  You may also be able to claim the interest cost of funding these tools.
Speak to your tax advisor to confirm your best approach to ensure you get the full legal tax offset in your next tax return.

How does a work tools and equipment loan work?

You should set an itemised budget for your tools and equipment, and then finalise the exact overall amount needed.  We can then pre-fund your loan so you can negotiate your final price and budget.

We can then pay that amount directly to your tool supplier or transfer the amount to your nominated bank account when ready to purchase the tools.

To apply for a Cash Direct Visa Loan in minutes, click here.