Cash Converters is making personal finance more affordable by rewarding customers who have a
good credit history with lower-cost borrowing and a new pricing model.
Customers may be offered a lower rate to reflect their individual circumstances, giving consumers an
option that better suits their needs while supporting longer-term financial wellbeing.
The Cashies Loan has three tiers of pricing, starting at 19.95% p.a. with no establishment, monthly,
or early repayment fees.
The risk-rated pricing currently applies to new customers in its trial phase and, if successful, will be extended to all customers (who qualify).
“The new model encourages our customers to understand the importance of building and maintaining a good credit history, which in turn can help them with their longer-term goals, by lowering credit costs and supporting their financial wellbeing,” Cash Converters CEO & Managing Director Sam Budiselik said. “This move should give our customers more confidence and control over their finances. The new pricing approach recognises and rewards customers with strong credit histories, offering them access to lower-cost loans and greater flexibility.”
This pricing change reflects Cash Converters’ commitment to supporting customers’ financial wellbeing and building positive credit habits.
By encouraging healthy repayment behaviours, the Company is making it easier for customers to access finance when they need it.
Last year, Cash Converters moved away from short-term, higher-cost lending (commonly known as ‘payday’ lending) by ceasing the Small Amount Credit Contract and offering suitable customers lower-cost product options.
Personalised pricing is the next step in the company’s journey as a customer-centric organisation, providing responsible, simplified borrowing options that suit a customer’s individual circumstances.
Media contact: media@cashconverters.com
