Pawnbroking
Cash Converters provide a pawnbroking service that allows access to cash by using items of value as collateral for a loan. It’s like selling your goods, but you retain the option to get your product back after you’ve paid off your loan.
To find your nearest store click here.
Interest on a pawnbroking loan is based on the amount you borrow when you take out the loan. After you’ve satisfied the terms of the Pawnbroking Loan Agreement, you will receive your product back.
The more value an item has, the larger the loan you are eligible to apply for, and value is determined by a number of factors including:
- the age of the product,
- the demand that there is for a product and;
- the condition of the product.
Eligibility criteria and strict ID guidelines apply, so be sure you know what you need before you visit a store. To find out more about ID requirements, click here.
Warning About Borrowing
Do you really need a loan today? *
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems. Check your options before you borrow:
- For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and Independent financial counsellor
- Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
- If you are on government benefits, ask if you can receive an advance from Centrelink: Phone: 13 17 94
- The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.
* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.
