Head in-store to apply for up to $5,000* with fast approvals. Want to know more?
Cash Back offer will be paid after the first repayment of your personal loan has been paid and cleared. Please refer to your contract to determine the date your first payment will be taken out. Payment will be made within 48 hours after the first repayment has cleared in the account via direct deposit into your nominated account. Cash Converters will get in touch by phone or SMS to let you know when the Cash Back has been transferred.
To be eligible for the Cash Back offer you must apply and be approved for a new personal loan at Cash Converters Ashmore during the promotional period and meet all of the following requirements outlined in the Terms and Conditions (below) including:
All eligible loans will have the Cash Back paid to them via direct deposit into their nominated bank account after their first repayment has been paid and cleared, there is no further requirements from you. To find out when you will receive your Cash Back please refer to “When is the Cash Back paid” FAQ.
The Cash Back is paid via direct deposit into your nominated bank account.
The Cash Back Offer is valid on eligible loans approved between 1 May 2022 and 30 June 2022 at Cash Converters Ashmore only.
This offer is only available at Cash Converters Ashmore. Pop in and visit them today!
If you have any more questions about the Cash Back offer, please refer to the Terms and Conditions (below) or head in-store and ask the friendly teams at Cash Converters Ashmore.
|Small Loan||Medium Loan||Cash Advance|
|Loan Amount||$400 to $2,000||$2,050 - $5,000*||$50 - $2,000|
|Loan Term||2 - 12 months||4 - 24 months||4 - 12 weeks|
|How do I apply?||Apply online or in-store||Apply online or in-store||Apply in-store only|
|Method of Payment||Funds transferred to your bank within 24 hours of approval||Funds transferred to your bank within 24 hours of approval||Cash on the spot in-store|
|Fees||20% establishment fee and 4% flat monthly fee||$400 establishment fee* and 48% per annum||20% establishment fee and 4% flat monthly fee|
|Apply Now||Apply Now||Find a store|
*Deposit into bank account up to a maximum of $4,600, due to the establishment fee being financed under MACC loan
Please see our Target Market Determination for more details.
Please check our TMD to determine if this product is suitable for you. There may be a better option if:
For the purposes of these Terms:
"Cash Converters" means Cash Converters Pty Ltd ABN 75 009 288 804 and its related entities;
"Cash Converters Franchisee” means any franchisee of Cash Converters operating a Cash Converters branded outlet;
"Eligibility Rules” means the eligibility rules set out in clause 2 of the Terms;
"Entrant" means a person who applies for the Offer in compliance with the Eligibility Rules and who has also accepted the Terms;
"Excluded Persons" means:
“Offer” means a cash back offer whereby eligible Entrants may receive a cash back incentive as detailed in clause 4 and in accordance with these Terms for taking out a new Personal Finance Loan;
“Offer Period” means the period from 1 May 2022 to 30 June 2022;
"Participating Stores” means Cash Converters Ashmore;
“Personal Finance Loan” means a Cash Advance, SACC personal loan or MACC personal loan; and“Terms” means the terms and conditions of the Offer set out herein, including these definitions and the information on how to apply for and redeem the Offer.
2.1 To be eligible to accept the Offer, the Entrant must:
3.1 In order to accept the Offer, the eligible Entrant must apply and be approved for a Personal Finance Loan at a Participating Store based on Cash Converters lending criteria and responsible lending guidelines.
3.2 The Offer only applies to Personal Finance Loans received and approved within the Offer Period.
3.3 The Offer is only available at Participating Stores.
3.4 Customers are only permitted to accept the Offer on one Personal Finance Loan
4.1 The cash back amount will vary depending on Personal Finance Loan amount as follows:
6.1 Cash Converters, in its absolute and unfettered discretion, reserves their right at any time to:
a) verify the validity of Entrants (including an Entrant's legal identity, age and place of residence); and
b) invalidate any Offer extended to an Entrant who is subsequently determined to be ineligible or disqualified under these Terms.
6.2 The decision of Cash Converters in relation to any aspect of the Offer will be final and binding.
6.3 Failure by Cash Converters to enforce any of its rights at any stage does not constitute a waiver of those rights.
We’re responsible lenders and we want to make sure our customers are at the heart of everything we do to help find the right cash solution to make life possible.
We'll take a close look at the information and documents you provide us - including details of why you need the cash loan and how much you need to borrow, plus things like 90 days of bank statements, any existing credit card debt, and a careful assessment of your living expenses.
We do all this to ensure your cash loan is suitable, and meets your specific needs and situation to help you get on with your life.
If you have any questions about your application and how we assess, talk to one of our personal finance team members
Our Cash Advance Loans incur a 20% Establishment Fee and a 4% monthly fee, based on the amount borrowed. For example, a small loan of $100 over 4 weeks has fees and charges totalling $24 (1 x $20 + 1 x $4), resulting in a total repayment of $124. Cash Advance Loans are only available in-store with a minimum loan term of 4 weeks. The maximum term is generally 6 weeks, however is flexible at the discretion of the store.
Our Small Personal Loans incur a 20% Establishment Fee and a 4% monthly fee, based on the amount borrowed. For example, a small loan of $1,000 over 9 months has fees and charges totalling $560 (1 x $200 + 9 x $40), resulting in a total repayment of $1,560. The minimum loan term is 2 months and a maximum of 12 months.
Our Medium Personal Loans incur a $400 establishment fee and interest at 48% per annum. For example, a medium loan of $3,000 borrowed over 1 year would equate to a total amount payable on average of $4,258 (including a $400 establishment fee). The minimum loan term is 4 months and a maximum of 24 months.
Our loans are repayable in weekly, fortnightly or monthly instalments. Loans can be settled early with no penalty and fees will only be charged whilst there is an outstanding balance on the loan, hence early settlement will reduce the amount payable on the loan. Loans are subject to assessment criteria and suitability. An APR (Annual Percentage Rate) does not apply to our Cash Advance Loans or Small Personal Loans. The maximum APR on our Medium Personal Loan is 144.02%.