We know life has little surprises, and sometimes those little surprises need some extra cash. That’s why Cash Converters has a range of cash options available online and in-store. Whether you’re selling an item, borrowing against one or taking out personal finance our friendly team will help find a solution that is right for you.
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. |
Simply bring an item of value to leave
with us as collateral for a secured,
short-term loan.
Apply for up to $5,000* in-store or online
with manageable repayments over a
fixed term.
*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.
100 points of ID and anything’s possible.
This can include your driver’s licence, Australian passport, utility bill or bank statement.
These are some of the more common types you’ll need, but It’s different for each state, so best to double check before you head in-store.
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.
Yes, you can apply for a Personal Loan or Car Loan online. The Personal Loan application is easy and can be completed in just 10 minutes. Alternatively, you can also apply for short term loans in-store.
You can borrow up to $5,000* with our range of Personal Loans and $45,000 if you apply for a Car Loan.
Cash Converters offers a range of loan options such as Personal Loans, Car Finance and Pawnbroking.
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Give us a call on 13 CASH (132 274).
Mon to Fri: 9:00am to 7:00pm AEST
Complete our online form and we'll get back to you shortly. Or, get in touch with your local store
Send us an email and we'll get back to you as soon as we can
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 minimum term is 4 weeks and a maximum of 20 weeks.
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 repaid by monthly payments over 1 year would equate to a total amount payable of $4,348 (including a $400 establishment fee). The minimum loan term is 4 months and a maximum of 24 months.
Our Line of Credit product does not incur an establishment fee and interest is at 48% per annum. For example, a line of credit of $4,000 repaid by monthly payments over 3 years would equate to a total amount payable of $7,616. The maximum repayment term for a credit limit of up to $2,000 is 18 months; and the maximum repayment term for a credit limit over $2,000 is 36 months. This example has been calculated on a specified credit limit with the assumption that the debtor has drawn down the maximum amount of credit as agreed to under a contract.
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% % and the maximum APR on our Line of Credit is 48%. These calculations do not account for potential additional fees and charges, such as default charges, which may be incurred.
