Who this product is designed for.
The Target Market Determination (TMD) for the planned CashLift loan will be published here, free of charge, before lending begins.
The product, in one paragraph
CashLift is preparing to offer an unsecured small amount credit contract with $200 to $2,000 paid to the customer and an estimated term of 4 to 16 weeks, subject to assessment and final terms. It is designed for people with a regular income who need short-term cash for a one-off expense and can afford the weekly repayment from that income. It is not designed for long-term borrowing, for consolidating existing debts, or for anyone whose repayments across all small loans would strain their essential living costs.
The determination
The Target Market Determination will be published on this page before lending commences. Until then you can request the current draft free of charge: compliance@cashlift.com.au .