Cash Loans With No Credit Check – How Do They Work?

Cash loans can be very helpful in situations where you’re running low on money and need funds fast. In this article, we’re going to explain some of the factors that make cash loans with no credit check so well suited to those in desperate financial circumstances. Heard about payday loans before and want to learn more? Have a look through this overview to see if this might be an appropriate solution for you. We’ll start with:

What is a payday loan?

Payday loans are the core solution we focus on at Cigno Loans. These loans are designed to bring customers fast payouts so that they can use the money to address their situations as soon as possible. The funds are paid straight to your account and you are expected to pay back what you owe using your next payment from work.

When do people tend to use payday loans?

Payday loans are intended to help you with urgent circumstances. You might have spent too much this month and run out of cash for essentials or an urgent cost might have come up in the form of a housing or vehicle repair. There are loans of reasons someone might consider a payday loan to be their best route. If you need the funds right away and don’t have access to a credit card or people that can loan you the cash you require, a payday loan could be the most practical option for you.    

Why don’t these loans require credit checks?

Normal loans require credit checks because the loan term is usually spread over years. Payday loans are meant to be paid back within weeks or months. Because they are short-term, a credit check is not as useful as checking your current income levels. As long as we can see that you are earning a consistent income, we’ll be confident in your ability to pay what you owe.

We never want to see anyone run into debts or money trouble, so we do all we can to ensure the process is handled as responsibly as possible. Once we have assessed your most recent bank statements, we’ll get back to you with an offer that we think fits your situation perfectly.

When your credit score is low, you might struggle to access typical lines of credit like credit cards and overdrafts. Thes types of product usually always involve a credit check. Sometimes applying can even damage your score further if you are refused. You won’t be refused for a payday loan as long as you are in gainful employment and can prove that your next payment from work will be enough to make repayments comfortably.   

How much can you get with a payday loan?

At Cigno, we offer loans up to $500 for first time borrowers. This is a sensible amount that should help you get through most cash shortage situations. The worst thing you can do with a payday loan is take more than you need or more than you know you’ll be able to pay back without any problems.

This amount can go up if we can see you have a history of borrowing from us without issues. Make sure everything goes well with your first loan and we’ll be happy to continue helping you when you need a fast injection of urgent cash in future.

Managing your money effectively is hugely important if you want to avoid constantly reaching the limits of your monthly budget. We never advise people to use cash loans with no credit check to buy things they don’t need. Missing payments can seriously impact your credit history as well as land you the kind of penalties most people would expect from all forms of unsecured credit, be it credit cards, overdrafts or payday loans. When you take these financial solutions, you must be sure you have a solid plan to pay back what you owe exactly as agreed in your terms.

That’s it! That is our basic break down of cash loans with no credit check and how they work. Need more advice? Feel free to get in touch with our team if you have any other questions about payday loans and we’ll do our best to provide as much information as we can.  

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Read more about cash loans with no credit check, or check out our previous blog post: Why So Many People Prefer Loans With No Credit Check

Disclaimer: Please be aware that Cigno Loans’ articles do not replace advice from an accountant or financial advisor. All information provided is intended to be used as a guide only, as it does not take into account your personal financial situation or needs. If you require assistance, it is recommended that you consult a licensed financial or tax advisor.


Ordered by the Federal Court of Australia

The Federal Court of Australia has found that Cigno Australia Pty Ltd (Cigno Australia) and BSF Solutions Pty Ltd (BSF Solutions) have breached the law by engaging in unlicensed credit activity and charging prohibited fees.

In the period from July 2022 to 3 October 2023, over 100,000 consumers have been lent a total of $34 million, and charged fees of over $70 million, under the ‘No Upfront Charge Loan Model’ operated by BSF Solutions and Cigno Australia. At no time has either BSF Solutions or Cigno Australia held an Australian Credit Licence.

The Court also found that Mark Swanepoel (director of Cigno Australia) and Brenton James Harrison (director of BSF Solutions) were involved in these breaches of the law.

With effect from 24 May 2024, the Court has granted permanent injunctions preventing Cigno Australia and BSF Solutions from:

  • demanding, receiving or accepting fees or charges, including amounts of loan principal, from consumers in relation to credit provided under the ‘No Upfront Charge Model’; and
  • engaging in further credit activity pursuant to the ‘No Upfront Charge Loan Model’, including by entering into new agreements with consumers, for so long as they do not hold an Australian Credit Licence.

Cigno Australia was ordered by the Court to, by 5th July 2024, send written communications to consumers who between July 2022 and December 2022 entered into agreements with Cigno Australia and BSF Solutions under the ‘No Upfront Charge Loan Model’.

The Court will later determine whether (among other things) Cigno Australia and Mark Swanepoel ought to pay a pecuniary penalty in respect of this conduct, and whether Mark Swanepoel should be restrained from carrying on a business engaging in credit activity.

Cigno Australia, BSF Solutions, Mr Swanepoel and Mr Harrison intend to appeal the decision of the Court and have filed an application for leave to appeal. If the appeal is successful, some or all of the orders of the Federal Court of Australia may be set aside.

Where can you get more information?

Where to go for further support

You can access legal advice in your state at: Free legal advice –

If you are experiencing trouble with debt, or money worries in general, contact:

  • the National Debt Helpline on 1800 007 007 or online chat (9:30am to 4.30pm, Monday to Friday).

If you need someone to talk to, contact:

  • Lifeline on 13 11 14 (24 hours) or their crisis support online chat or
  • Beyond Blue on 1300 22 46 36 (24 hours) or their webchat