As much as we would like to help you, we are not a representation of this company or anyone we feature on our site. Once that is signed, the approved loan amount will be transferred to you within Within 48 hours. You need an active bank account (for at least one pay cycle) You need to be employed and your income must be electronically transferred into your bank account on a regular basis. Level 10, 99 York St, We don’t compare all products in the market, but we’re working on it! The minimum loan term is 2 months and a maximum of 12 months. If you’re looking to borrow cash for life’s unexpected expenses, we can help. Get the loan that is best of Southern Africa Compare the most effective loans of Southern Africa and discover the cheapest price Southern Africans required an easy method of finding quick loans with less requirements that are stringent. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. Yes, you do have to be working or if perhaps your earnings is […] For example, a medium loan of $3,000 borrowed over 1 year would equate to a total amount payable of $4,303 (including a $400 establishment fee). It’s at 22 Mac-Mac Road at Waterfall Park. Elizabeth Barry is Finder's global fintech editor. Hi, I have a 12 mth loan.I changed my bank and 2 of my direct debits got sent back so I started paying it myself every week through bpay but have ended up with a large number of $33 dishonour fees because it doesn’t show up on cashiers computers that I have been paying it so I am still now paying dishonour fees which I have not dishonored what can i do for it is hundreds. Thanks for getting in touch! If someone's application for a Cash Converters Medium Personal Loan is approved, they can borrow up to $4,600 to meet their finance requirements. Please note that we’re a product comparison website and we do not represent any company we feature on our site. If you want to compare other short-term loan, you can check and compare your options on this page. Next Pay loans are for a term of a month. It would be best to contact them directly to know why you’re application was rejected. Pay attention to the following working hours to know when you’ll find cash Converters’ assistants available. We provide general information on products to assist you in your buying decision process hence we cannot recommend product / service that is rightfully fit for you. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service. Lime24 - Quick Loan Online Elizabeth's passion is writing about innovations in financial services (which has surprised her more than anyone else). Please note that we do not represent Cash Converters so we cannot provide complete details of this discount. Borrow transparently with Flexible Loans. Cash Converters. Find out more here: https://www.finder.com.au/coronavirus-financial-help. Pay detailed attention to the requirements for a Pay Day Loan:-Putting forward your personal ID You’ll find it in the province of Gauteng directing to the suburb of Vorna Valley in Midrand. © 2008 - 2021 quotesAdvisor.com® All rights reserved. A loan is not a source of income, but a debt. As regards unsecured loans, you have two options. We try to take an open and transparent approach and provide a broad-based comparison service. You are about to post a question on finder.com.au: Subscribe me to Finder’s free weekly newsletter for budgeting tools, timely news and savings essentials to take control of your finances, I would like to know why I keep getting declined on my application it’s saying 97% if my income goes to other expenses but Ive just worked my fortnightly pay out n it’s not true at all so don’t know here your getting that from. Our Medium Personal Loansincur a $400 establishment fee and interest at an Annual Cost Rate of 48%. Available online and in our stores, a Cash Converters Personal Loan: Is available from $500 to $3,000 repaid over 3 to 12 months; May require a credit check but perfect credit history is not needed; On approval, gives you money in your bank account within 24 hours (on business days) Find out what the requirements are for a Personal Loan. On taking out your first loan with Cash Converters you will be issued a PayDay Advance customer card that will make your next advance much easier. Design your Cash Converters Loan in South Africa | Application. Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. If you live in Queenswood, you can direct to Southpansberg Road and Stead Avenue Corner and look for shop 6 in Queens Corner Shopping Centre or, you can email them to queenswood@cashconverters.co.za. Cash Converters is a company originally from Australia that started working in South Africa in 1994. In 2017, she received the Highly Commended award for Best New Journalist at the IT Journalism Awards. However, we aim to provide information to enable consumers to understand these issues. 3- They should receive their salary electronically. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan. You can directly visit Cash Converters website and use their loan calculator to know your repayments for a particular loan amount. Optional, only if you want us to follow up with you. Non-resident Australians can use for the cash loan loan in-store. Make informed decisions by shopping around and compare the interest rates as well as the terms and conditions provided by Micro Lenders. When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. There’s absolutely no interest charged, however, each Next Pay loan includes an establishment charge and a information administration fee. For any of these two options you choose, you need to comply with the following requirements: 1- Applicants are required to be South Africans. All you need to comply for the loan is to be currently employed and have a bank account, as easy as that. This card can also be used at any other participating Cash Converters Store. I totally recommend this loan is your desire is to get the money the same day you go or call the company. We compare from a wide set of banks, insurers and product issuers. Its now monday morning, so im just wondering if it did actually get approved. You can get in contact with the Customer Care Service over the phone, 87 820 4010 or, trough this email address: customercare@cashconverters.co.za. It can be expensive to borrow small amounts of money and borrowing may not solve your money problems. {{personName}} Doorstep loans. Money Loans FAQ.To apply for an unsecured loan. Thanks. Also, towards the end, I’ll show you the ways Cash Converters has for clients to get in contact with them and, enjoy the service. Just a quick enquiry with a personal loan that I applied for on Thursday. Usually asked questions regarding Cash Converters’ individual finance: To use for a personal bank loan, you have to be a resident that is australian. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. Unemployed people can borrow small amounts of money up to $5,000 providing they are at least 18 years of age, are not currently in Bankruptcy or a Part 9 Debt Agreement and the total repayments of the loan are less than 20% of their Centrelink income. For a $600 loan with a 12-month term, fortnightly payment is about $38. Next Pay loans are pay day loans made available from Cash Converters and its particular franchisees. The news of Cash Converters’ new financing arrangements came as ASIC announced payday lender Fair Go Finance would pay a $34,000 fine for overcharging interest and fees on loans. This type of loan should be avoided at all costs, please refer to our debt guide to find out more about debt management. Cash Converters states it will consider applications from customers who do not have a good credit rating, and that if you pay back your loan in full … The minimum loan term is 2 months and a maximum of 12 months. Loans Top South African Student Loans. Our Medium Personal Loansincur a $400 establishment fee and interest at an Annual Cost Rate of 48%. Cash Converters Home By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Hope all goes well. Feel free to message us anytime should you have further questions. Loans Cash Converters Loan vs Cash Crusaders Loan, Which is Best? Borrow transparently with Flexible Loans. The other option is to take a Sunny Day PayDay Advance mini-loan. Buy Online with Confidence from Cash Converters. Loan terms from 2 months up to 24 months. To take a loan, find one of their branches and, visit them so as to discuss your options. In this case, you’ll pay it back over three months. We are the world’s largest second-hand dealer and a market leader in pawnbroking and small loan services. You need to be at least 18 years of age. A third option is at 130 Van Rensburg Street in Mayville Mall and the email is mayville@cashconverters.co.za. Please write constructive criticism to help other people choose better. Only if you take a Cash Advance against the value of an item of your possession. Cash Converters. Just interested in finding out if your establishment fee can come out of your loan amount and how long if you apply online dose it take to find out if you have been approved. PAY DAY LOAN. You need to be a New Zealand citizen, permanent resident or possess a valid work visa. You’d really have to follow up with them on your application. It would be best if you bring this to their attention and perhaps present to them proof that you have diligently been making your payments and advise them about the status of the 2 payments that bounced back. Hi I was wondering how much a fight night do you pay for a $600 loan? Buys and Loans Officer - Cash Converters Werribee (Former Employee) - Werribee VIC - 24 May 2018 cash converters can be a great place , if its run right but management will disregard the workers ,which can make the place unsafe to work in but with all places there were some fun times Ignorance is no excuse. 5. Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. b- You can use a utility bill or lease agreement in order to prove your residence. Whether you need it today or, to be ready for an unexpected event, you are now set for your loan. It is very simple how it works: Cash Converters is in charge of asking you for your bank account information once the application starts and then each month the installments will be debited from there without complications. We understand your situation and we are glad to know you are able to start over. In this article, I will discuss the three loans created by Cash Converters with its main features, such as application procedure and requirements. Citizen from South Africa, have a regular job, mobile phone. {{ip}}). If you go for this alternative, you can ask from R400 to R4000 and, the repayment date to cancel the loan would be your next pay day. Cash Converters Phone and Map of Address: Main Rd, Western Cape, 8001, South Africa, Cape Town, Business Reviews, Consumer Complaints and Ratings for … While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. Another branch is found in the corner of Lois Ave and Garstfontein Road at Menlyn Retail Park and, its email address is menlyn@cashconverters.co.za. We value our editorial independence and follow editorial guidelines. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. Any help with this matter will be greatly appreciated. Cash Converters will consider your current financial situation. You may want to directly get in touch with them to inquire. Any inappropriate comments will not be published. Acceptance by insurance companies is based on things like occupation, health and lifestyle. Hi if I have received a contract and agreed does it mean I will be approved. We’re reader-supported and may be paid when you visit links to partner sites. You can get the money in less than 2 days! I’ll refer to the contact information from Cash Converters. Submitted by And, it is worth mentioning that once the client has given the asset to Cash Converters, it will be stored in a safe place. Cash Converters is New Zealand’s favourite place to buy and sell. Besides, you’ll have to pay R165 for the initiation fee to which it will be added a 10% if the amount goes beyond R1000. The business, which will be recognized when it… Also, there’s a Cash Converters location at Glen Village Shopping Centre which is placed at Skukuza Street shop 39 and, you can write them to glenvillage@cashconverters.co.za. Please read our website terms of use and privacy policy for more information about our services and our approach to privacy. A business entity that has contributed towards the formalisation of this activity is Cash Converters. First of all, let’s see where is placed the Head Office in South Africa. Cash converters – Small scale loans provider Selling second hand goods is a viable and lucrative way of making money. d- As they need to know for sure that you are employed, they need you to submit your last payslip. You should only apply for a Cash Converters loan if you are certain you can meet the repayment terms. Birth Certificate, student card, NHS card, citizen card, letter from the doctor or prescription) * All Photo ID must be in date. For example, a medium loan of $3,000 borrowed over 1 year would equate to a total amount payable of $4,303 (including a $400 establishment fee). Three different loans can be obtained at Cash Converters, let’s take a look at them: 1. I want to borrow 400 how much will my repayments be for a fortnightly and if i want to pay it of fast what is the total repayment i owe. The minimum loan term is 2 months and a maximum of 12 months. Logbook loans. Using the loan calculator on Cash Converters’s website, a $400 loan with 12 months repayment period will have a weekly repayment of $13. If you are suffering financial problems related to the coronavirus pandemic you may be eligible for additional support. One of them is the Sunny Day 1 / 2 / 3 mini-loan that allows applicants to request up to R2000. Hi I was approved a cash converters loan a couple of years ago & I never made my last repayment which since then has now incurred extra fees & has been handed over to a collection agency to obtain my outstanding money owed. The sooner you completed the required documentation, the sooner you’ll be approved. You may also want to compare other short term loans on this page. Cash Converters cashes in on online payday loans Cash Converters cashes in on online payday loans Cash Converters cashes in on online loans that are payday An improvement in online payday financing in Australia has aided Cash Converters return to profit after multimillion-dollar losings this past year. Their loans of up to $2,000 have the fee structure of payday loans with a 20% establishment fee and 4% monthly fee. Our medium loans range from $2,050 all the way up to a $5,000 personal loan. Do not rely on cash loans/pawn shops for a living or as a way of supplementing your income. They offer their borrowers short term unsecured loans options I’ll explain now. Thanks for your question. We encourage you to use the tools and information we provide to compare your options. After that section, I will discuss the different contact options clients have so as to communicate with the team members of the company in Durban. on How to apply for a loan with Cash Converters? Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. 2- They need to be employed in a permanent way. for amounts over $2,000 they charge a $400 establishment fee and 48% interest per annum. You can learn more about how we make money here. Unlike other pawnshops which tend to focus on valuables, Cash Converters deal in a larger catalogue, including electronics, household furniture, clothing and other everyday items. Apart from the Head Office, Cash Converters has many branches you can find around South Africa. Having all this information at hand will be helpful when you decide to apply with Cash Converters. For a $400 loan with a 12-month term, average weekly repayment is $13. Have the following on hand to complete your application: Once you've filled out the application form, Cash Converters will check the information and see if you fit their lending criteria. 2- They need to be employed in a permanent way. Online Shopping Site with a Massive Range of Second Hand & Used Goods. Weekdays from 8 am to 5 pm, Saturdays from 9 am to 12:30 pm. For example, a medium loan of $3,000 borrowed over 1 year would equate to a total amount payable of $4,303 (including a $400 establishment fee). Next Pay loans are for the amount that is maximum of1,000. To finish, I’ll leave this chart with all Cash Converters Information packed: 22 Mac-Mac Road, Waterfall Park, Vorna Valley, Midrand 1686 in Gauteng. Also want to make an expensive purchase, such as buying a.... Consumer credit Protection Act 2009, permanent resident or possess a valid work visa, seek professional advice you. Months and a maximum of 12 months | application issue to get a loan with a 12-month,! 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A $ 600 loan a unique pawn broking system who need little to. Companies is based on things like occupation, health and lifestyle this.... Re looking to borrow small amounts of money and borrowing may not solve your money.! Reach out to Cash Converters ’ loan calculator to know for sure that you are now set for your.... Associated companies or different labelling arrangements or offer services through multiple brands, associated companies or different arrangements. Find one of them is the world ’ s absolutely no interest charged, however each! E- Finally, they ’ ve been rejected by Cash Converters website and we do n't cover every product... Choose better the previous 3 months also want to directly get in touch with them on your.! Viable and lucrative way of supplementing your income, on Saturdays from 9 am to 5 pm and, them... 48 hours establishment fee and interest at an Annual Cost Rate of 48 % any company we feature our! Site are appropriate for your needs agreed does it mean I will be to! This type of loan should be avoided at all costs, please refer our! To bad credit we can not provide complete details of this discount had been approved to lending criteria a Zealand... Independence and follow editorial guidelines a Bachelor of Communications and a maximum of 12 months Best... A business entity that has contributed towards the formalisation of this discount I have received a contract and agreed it. And fees cash converters loan requirements ’ ll refer to the provider directly and arrange a plan! Company originally from Australia, Cash Converters is New Zealand ’ s go the! Us to follow up with them on your application for credit products is subject to the suburb of Halfway suburb. Be paid when you ’ ll provide you with some useful Cash Converters loan vs Cash Crusaders loan a. Favourite place to buy and sell credit inquiry was done to your credit report Cost about $ loan. 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