What is needed for loan at Cash Converters?

What are the Requirements to Ask for a Cash Converters Loan?

  • Be over the age of 18.
  • Show proof of identity: ID, driver’s license, passport.
  • To take a loan against your valuables you will also have to:
  • Be the rightful owner of the item you want to pawn.

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Also know, can I get a loan if I owe a loan?

Lenders may limit the number of loans — or total amount of money — they’ll give you. They don’t typically decline applicants solely because of an existing loan, but they may reject your application if you have too much existing debt.

Just so, can u get a loan if u already have one? Can I Take Out a Second Personal Loan if I Already Have One? The short answer is, yes. … Most importantly, it’s a good idea if your debt-to-income ratio can withhold another loan. Your income must be more than the debt payments you have to service.

People also ask, can you get 2 cash advances?

Can I Have More Than One Cash Converters Loan? Yes, you can get another loan from Cash Converters if you already have one active. However, your eligibility may depend on your affordability and current financial situation.

Do Cash Converters pay cash?

We pay instant cash for most items of value – find your nearest store.

Does Cash Converters do a credit check?

Cash Converters offers two loan products; an unsecured and secured loan. A loan against your salary – an unsecured loan, is part of our product suite. As fully compliant micro-lenders, our Cashies™ loan requires the completion of an affordability assessment as well as a credit check.

How does Cash Converters make money?

‘Stringent processes’ As well as buying and selling items, Cash Converters also provides cash loans. Its short-term loans attract a fixed charge of $35 per every $100. The general manager of Cash Converters in Australia, Ian Day, says what customers do with the money it gives them is their choice.

How long does a loan from Cash Converters take?

Once your loan application has been approved, funds are deposited straight to your bank account in as little as 24 to 48 hours.

How many payday loans can you have?

This will be dependent on the payday lender you are applying to at the time. A responsible financial lender will generally only allow for one loan at a time to be taken out by a lendee.

Is it easy to get a loan with Cash Converters?

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. … Cash Converters offers a range of loan options such as Personal Loans, Car Finance and Pawnbroking.

What is the interest rate at Cash Converters?

48% per annum

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