Terms and Conditions
Cash Fast Loans – Car Pawnbroker & Moneylender is a licensed New South Wales pawnbroker and second-hand dealer and associated motor dealer (License No’s. 2PS0438101, MD037078) and is subject to state Pawnbrokers & Second-Hand dealers’ Legislation Act 1996. – What is a Pawnbroker? NSW Fair Trading – Consumer Rights & Obligations.
Pawn Broking services and transactions provided by Cash Fast Loans – Car Pawnbroker & Moneylender are not subject to the National Credit Act or compulsory EDR membership. The National Credit Act 2009, exempts’ pawn broking as it is not technically credit or a credit service. It is covered by other provisions of the ASIC 2001 Act.
Pledging an Asset (Pawning)
YOU DON’T NEED LOAN APPROVAL HERE, AS LOANS ARE NOT BASED ON YOUR CREDIT HISTORY OR CREDIT SCORE.
FURTHERMORE IT IS NOT NECESSARY FOR US TO PROCESS CREDIT CHECKS.
IMPORTANTLY, Good or BAD CREDIT HISTORY DOES NOT AFFECT YOUR ABILITY TO BORROW MONEY HERE.
When pledging goods, loans are assessed based on your assets value, type and condition, which you are pawning with us. Therefore, each amount is individual resulting in different terms and rates.
Period of Loan as per the New South Wales State pawnbrokers and second-hand dealers’ act 1996
- Your pledge contract is set at a minimum of 3-months period from date of the goods pawned during this time your asset is stored at our facility.
- Should you wish to pay out your loan within three months you only pay for the monthly period used.
- Alternatively, you may extend your loan beyond the 3 months in which case you will be charged a safe keeping.
Payments as per the New South Wales State pawnbrokers and second-hand dealers’ act 1996
Repayments may be monthly or when you collect your asset.
No other hidden charges
Below is how Cash Fast Loans Pawnbrokers may apply their charges on your loan (Loans* against white goods and electronic goods*)
Monthly loan fee is 4% of the loan* amount.
| Amount You Borrow | Loan Term | Monthly Repayment x3 | Total Repayment |
|---|---|---|---|
| $200 | 62 to 90 days* (can be extended) |
$88 | $264 |
| $500 | 62 to 90 days* (can be extended) |
$220 | $660 |
| $800 | 62 to 90 days* (can be extended) |
$352 | $1,056 |
| $1,000 | 62 to 90 days* (can be extended) |
$440 | $1,320 |
Maximum Annual Percentage Rate based on the loan* terms selected: 48%*
Different amounts and terms will result in different comparison rates.
Your loan contracts are generally between 1 to 90 days, however our friendly customer service staff can assist you if you need to extend your loan term or payoff your loan earlier and collect your asset, just talk to us on 02 9630 6613 and we will l get back to you.
