View our Licensing & Rates information in relation to this business Cash Fast Loans.
We are licensed within the State of New South Wales to operate as a Pawnbroker and Second-Hand Dealer. Lic: 2PS0438101.
Cash Fast Loans – Car Pawnbroker & Moneylender is not a Personal Loan or Payday lender; Therefore, it is not necessary for us to process consumer credit or background checks.
Furthermore, pawnbrokers are exempt from the Federal Government National Credit Act 2009, as it is not technically a credit or a credit service. However, it is covered by other provisions of the Australian Securities and Investments Commission 2001 Act
When pledging goods and issuing loans, the amount of money lent is based on the borrowers’ requirement and the value of the asset being pawned. Consequently, each loan individually results in a different term and rate. View how it works or frequently asked questions.
Loan repayments are not necessary until redemption of pawned goods, however repay as you go payment will be recognized and allocated to loan amount outstanding.
Different amounts lent and terms will result in different comparison rates.
Below is how we may apply rates.
(Loans* against white goods and electronic goods*)
Example Monthly loan fee is 4% of the loan* amount.
Amount You Borrow | Loan Term | Monthly Repayment x3 | Total Repayment |
---|---|---|---|
$200 | 62 to 90 days* (option to extend) |
$88 | $264 |
$500 | 62 to 90 days* (option to extend) |
$220 | $660 |
$800 | 62 to 90 days* (option to extend) |
$352 | $1,056 |
$1,000 | 62 to 90 days* (option to extend) |
$440 | $1,320 |
Maximum Annual Percentage Rate based on the loan* terms selected: 48%*
Statistic suggest, loan contracts have a duration between one day and three months.
Therefore, should loan extension or early payout be necessary? Contact; Cash Fast Loans.