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Cash Converters

Updated

  • Payday loans up to $5,000
  • Low-interest starting from 48%
  • Repayment up to 24 months

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Cash Converters homepage

Author Cash Converters. Screenshot of Cash Converters website. [Accessed April 7, 2021]

About Cash Converters

Cash Converters is a registered creditor’s provider that has been assisting clients for a number of years.

Be it a payday loan, cash advance loan or even a personal loan, we got you covered. We know how much hassle it must be when payday is approaching and the figures are just not adding up. Don’t worry, we are here to assist.

Cash Loan

A cash loan is a regular loan that is usually required for a short period of time and doesn’t loan large amounts of money. Essentially, the faster you pay up the loan, the better.

Cash advance loan

Similar to a short term loan, a cash advance loan is also for a shorter time span. The amount that can be borrowed ranges from $50 - $2000 and can be repaid in 4 to 6 weeks depending on the loan repayment period a customer has chosen.

A cash advance loan can only be applied in-store only. This would then mean a client has to go to any Cash Converters branch to apply.

Cash Converters Services

The loan application process will take clients about 5 minutes to complete. The good thing is if you are an existing customer, you are not expected to repeat the process again.

Instead, you go straight to whether your online loan application has been approved or not since we already have your information in our database. Before the money is given to you, there is a series of tests we need to perform so that we are certain that we are lending you the right amount of money and whether you will be able to pay off the loan or not.

Loan approval

If the application process was successful, the payday loan will be paid into your account in no time. In order to qualify for the Cash Converters loan, you will have to be an Australian citizen.

Part 9 debt agreement

Unfortunately, if any of our clients are part of the Part 9 debt agreement, we will not be able to assist our customers with a quick loan until they have been cleared from the agreement.

Cash Converters Product Details

  • Loan Type Payday loans
  • Interest Rate 48 – 217.95% p/a
  • Loan Amount up to $5,000
  • Repayment 2 months to 24 months

Summary of Services

  • Explore loan options
  • Get the best rates

Cash Converters - Let us help you wit a payday advance

Fortunately enough for the clients that have a bad credit record, they are still eligible to apply.

There are many other factors that are taken into consideration when applying for an emergency loan. Bad credit is just one of them.

Centrelink

We will consider clients that get money through Centrelink. However, we will also need to look at their regular expenses so that we can determine if they will be able to repay back the loan.

Provisionally approved

This means your payday loan application has met our requirements and will be further evaluated by an assessor who will determine the loan amount you qualify for.

Personal loan

For personal loans, there are two categories that clients have the option of loaning from namely:

  • Cash Converters small personal loan - The loan amount starts from $400-$2000 and can be repaid in a period of 9 months. Fortunately, there is an in-store and online option for this type of loan.
  • Cash Converters medium personal loan - This loan is slightly higher than all the available loans. A client can qualify for $2050 to a maximum of $5000. Fortunately, there is an in-store and online option for this type of loan.

Employment checks

Employment checks are done so that we know if our clients are employed, earn a regular salary and will be able to pay off their loans. Some customers can apply for a loan even when they have been laid off at work so it is important that we don’t give someone who won’t be able to fulfil his financial obligations.

Documentation needed to apply for a loan

We normally require bank statements for the last 90days (3 months). Should we require additional documentation, we will notify the client.

Dishonesty fee

On the grounds of your loan not being paid on time or we find that there were insufficient funds in your account, we will deduct a total of $33 on the basis of you not paying your loan on the agreed date. Therefore, it is important that you notify us on time if you know you will not be able to pay your loan on the set payment periods. However, you will still be liable for additional fees.

Additional loans

All good and bad credit loans are assessed differently and may not have the same outcome. Therefore, it is not a good idea to have many loans as this may affect your current loan applications.

Loan duration

Depending on the bank you use, your money will reflect in your bank account in the next business unless otherwise stated.

Customer Reviews & Testimonials

Besides being able to loan from the company you can also get your favourite games if you are like me I recommend them.

Jonathan B
— Brisbane —

They offer you more than just your loan they offer you the freedom to shop and the help you need and I couldn’t be happier with my loan.

Sean M
— Perth —

No matter where you stay in Australia you can always find the cash converters by their locations on their site.

Jade M
— Melbourne —

Cash Converters Contact Details

Physical Address

Opening Hours

  • Monday 09:00 – 18:00
  • Tuesday 09:00 – 18:00
  • Wednesday 09:00 – 18:00
  • Thursday 09:00 – 18:00
  • Friday 09:00 – 19:00
  • Saturday 09:00 – 17:00
  • Sunday 11:00 – 17:00