Pawning simply means bringing an item of value to leave with us as collateral for a secured, short-term loan. We loan against a wide range of items including gold, designer handbags, jewellery, tech, gaming, tools and more. We keep your item safe as security against the loan, and then you pay back your loan when you’re ready to pick it up.
With no establishment fee, no minimum or maximum loan amount, and the flexibility to extend your loan if needed, it’s a fuss-free way to get extra cash in your pocket without parting ways with your item. Some stores also allow you to get a pawnbroking loan against your vehicle.
Head in-store to chat to one of our team members or get a quote online. You’ll need 100 points of ID and be 18 years or older.
Get cash on the spot for your item of value, and we’ll keep it safe until you’ve repaid your loan
Your item will be kept safe until you’ve paid your loan back, then you can take it back home
You provide us with the item, we’ll provide you with the cash, then pick up your goods once the loan is paid
A quick guide about how pawnbroking works at Cash Converters.
Hear from one of our experts about all there is to know about pawnbroking.
Category: Selling your stuff
So you need cash on the spot but you don’t have anything in the home that you’d like to part ways with forever– a pawn shop collateral loan might be a simple solution.
Category: Selling your stuff
Pawning your item of value can be a simple way to get cash on the spot when you need it and are hesitant about selling your item.
We pay cash on the spot for items of value that you no longer use like a guitar, computer, jewellery, smart phones, tool sets and more. |
Walk into a store and walk out with up to $2,000 in your pocket. Simply make repayments over 4 to 20 weeks. Only available at participating stores. |
Apply in-store or online
for up to $2,000 over a
2 to 12 month term.
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Keep track of your loan, make payments, apply for a new loan and more, 24/7 with My Loans. |
If you take out a one month loan on the 1 January, you will owe the amount you borrowed plus one month of interest up until and including the 1 February. You have until the 1 February to repay the loan and redeem your item.
If you take out a three month loan on the 1 January, you will owe the amount you borrowed plus one month of interest up until and including the 1 February. Then from the 2 February up to and including 1 March, you will owe the amount you borrowed plus two months of interest and from 2 March to 1 April, you will owe the amount you borrowed plus three months of interest.
You can pay off the amount owing and redeem your item at any time during the three month period.
To find out how much you might get for your item, you can use our What’s it worth tool to get an online quote, or you can head in-store and chat with our friendly staff.
Here’s our simple formula to assess the value of your goods: Age + Condition + Appeal = Value!
Cash Converters accepts most items that are commonly found in households.
Our Top 10 items that we will generally pay you cash on the spot for are:
Sometimes there are items Cash Converters cannot accept, such as items prohibited by law (e.g. weapons) or counterfeit items.
For any enquiries about items that you may want to sell or borrow against, you can use our What’s it Worth tool for an online quote, give us a call, or bring your items in to your nearest store. To find your nearest store locations and their trading hours, see our Store Locator page.
You can take out a Pawnbroking loan with us by using an item of value you own as security. We will hold your item and charge a monthly interest rate on the money you borrow. When you pay off the loan amount and any interest owing, you get your item back. Just like a regular pawnbroking loan, you also have the option to get a pawn loan against your vehicle.
You can loan on most items of value you own, provided that they’re in full working order. For example, we loan cash for items like jewellery, gold, watches, smartphones, tablets and laptops, musical instruments, sporting goods, power tools and gaming gear. If you’re not sure whether an item you have can be loaned against, contact your local store.
To get a Pawnbroking loan, you’ll need 100 points of ID including primary ID like a passport or drivers license, plus a proof of address document (like a power bill or phone bill) that is less than three months old.
Yes. Your item of value is used as security for the loan, so a credit check isn’t required.
Pawnbroking loans can last between one and three months, depending on which state you’re in. Check with your local store for more information.
If you take out a one month loan on the 1st January, you will owe the amount you borrowed plus one month of interest up until and including the 1st February. You have until the 1st February to repay the loan and redeem your item.
If you take out a three month loan on the 1st January, you will owe the amount you borrowed plus one month of interest up until and including the 1st February. Then from the 2nd February up to and including 1st March, you will owe the amount you borrowed plus two months of interest and from 2nd March to 1st April, you will owe the amount you borrowed plus three months of interest. You can pay off the amount owing and redeem your item at any time during the three month period.
Yes, you can extend your loan by continuing to make in-store monthly interest payments. Each time you pay a month’s interest, your loan will extend by an additional month. If you can’t make it in-store by the payment due date, contact the store for assistance.
If you don’t make your monthly interest payments or respond to contact from us, we will keep your item in lieu of loan repayment. You won’t be contacted by debt collectors and your credit rating won’t be affected.
Yes, you can. We’ll work with you to understand any issues that prevented you from paying off your last loan, to assist you in getting your next loaned item back.
You can have more than one active pawnbroking loan, though it’s important to be aware of the total amount you owe and when the payment due dates are.
