Cash Converters

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

Table of Contents

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Cash Converters - Let them help you with a payday advance

Fortunately enough for 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

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

Provisionally approved

This means your payday loan application has met their 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 they know if their 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 from work so it is important that they don’t give someone who won’t be able to fulfil his financial obligations.

Documentation needed to apply for a loan

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

Dishonesty fee

On the grounds of your loan not being paid on time or they find that there were insufficient funds in your account, they 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 them 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.

Cash Converters is a trusted & reliable provider of payday loans

In our review, Cash Converters adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.

✅ Cash Converters is a registered credit provider in Australia: ACL 391436