Pawnbroking Loan FAQs

• How does a pawnbroking loan work?

  You can take out a Pawnbroking loan with us by using a valuable item 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.

• What items can I pawn?

  You can loan on most valuable items 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.

• What information do I need to provide to get a Pawnbroking loan?

  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.

• I have a bad credit rating. Can I still get a pawn loan?

  Yes. Your valuable item is used as security for the loan, so a credit check isn’t required. Your credit rating will not be affected if you get a pawn loan, and also won't be affected if you can't/ don't pay back the loan.

• How long do I have to pay a pawn loan?

  Pawnbroking loans can last between one and three months, depending on which state you’re in. Check with your local store for more information.

• When do I pay interest on my one month loan? (Available in NT, SA, VIC and TAS)

  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.

• When do I pay interest on my three month loan? (Available in ACT, NSW, QLD and WA)

  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.

• Can I extend my loan?

  Yes, you can extend your loan by continuing to make monthly interest payments. Each time you pay a month’s interest, your loan will extend by an additional month. You can make payments in-store, via the My Loans App or online (online payments currently not available in NSW). If you cant make a payment by the due date, contact the store for assistance.

• What happens if I don’t pay the loan back?

  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.

• If I don’t pay the loan back, can I get another loan if I need it?

  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.

• I still have a loan in with you, but I have just had an unexpected bill come up. Can I have more than one loan going at the same time?

  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.

• How much cash can I get for my goods?

  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!

• What goods will Cash Converters accept?

  You can pawn most valuable items you own, provided that they’re in full working order. 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:

  Gold (even scrap or broken gold),
  Jewellery,
  Mobile Phones,
  Tablets,
  Laptops,
  TV’s,
  Game Consoles,
  Tools,
  Stereo Equipment,
  Musical Equipment. 
  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.