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Cash Converters Loan: how to Apply 

By Oluchukwu Ikemefuna

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Have you ever heard of Cash Converters Loan before? I guess no! Cash Converters is a reputable financial services provider that offers various loan options to suit different needs.

One of their most popular products is the personal loan”Cash Converter Loan” which provides individuals with access to cash quickly and conveniently.

These loans are typically unsecured, meaning you don’t need to put up collateral to secure the funds.

In this post, we’ll be reviewing all you have to know about this Loan Facility ans how to apply for it.

What is Cash Converters?

Cash Converters offers loans ranging from $50 to $5,000, with repayment plans spanning from four weeks to twenty-four months. It was established in 1984 and has its headquarters in Perth and Western Australia

Cash Converters operates during regular business hours, Monday through Friday, from 8:30 AM to 5 PM AWST. 

The company is registered with ABN 75009288804 and holds Australian Credit Licence Numbers 391436 and 391415.

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What is Cash Converters Loan?

Cash Converters Loan is a financial product offered by Cash Converters, a reputable provider of various financial services. It allows individuals to borrow money quickly and conveniently to cover unexpected expenses or fund personal needs.

These loans are typically unsecured, meaning borrowers don’t need to provide collateral to secure the funds. Cash Converters Loans may vary in terms of loan amounts, repayment terms, and eligibility criteria depending on the specific loan product and the borrower’s circumstances.

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What are the different Types of Loans at Cash Converters?

Cash Converters provides a range of loan options to suit various financial needs. From quick payday loans to larger personal loans, borrowers have access to flexible repayment terms and transparent fee structures. 

Below, we’ll outline the different loan types offered by Cash Converters, including their features and associated costs, helping you make informed borrowing decisions.

1. Quick Cash Loans or PayAdvance

With PayAdvance, Cash Converters provides payday loans where you can borrow up to $150 for one or two pay cycles. There’s a fixed 5% fee for these loans.

2. Cash Advance Loans

These loans allow borrowing from $50 to $2,000, with repayment terms ranging from 4 to 20 weeks. An establishment fee of 20% of the loan amount and a 4% monthly fee apply.

3. Small Personal Loans:

Cash Converters offers small loans ranging from $300 to $2,000, ideal for handling unexpected expenses like minor home repairs. Repayment periods vary from 2 to 12 months, and there’s a 20% establishment fee plus a 4% monthly fee.

4. Medium Personal Loans

These loans are for larger amounts, from $2,050 to $5,000, with repayment terms extending from four to twenty-four months. There’s a maximum APR of 48% and a $400 establishment fee. They’re suitable for covering significant unexpected expenses or financing bigger purchases.

5. Pawnbroking Loans

Cash Converters offers pawn loans where you can get instant cash by using something valuable as security. You bring in your item, they hold onto it, and you get cash in return. When you’re ready, you pay back the loan and get your item back.

Pawn loans are handy for quick cash if you’ve got something valuable to use as collateral. Cash Converters accepts lots of different items, so it’s worth asking if your stuff qualifies.

To get a pawn loan, you need some ID and be at least 18. Make sure you understand all the rules, like interest rates and fees, before agreeing to anything.

6. Car Finance Loans

Cash Converters teams up with Green Light Auto Finance to offer car loans. They’re flexible and can range from $5,001 to $45,000. You might even get approved within a day.

They accept joint applications and even consider people on Centrelink. To apply, you need an Aussie driver’s license.

There are some fees, like a $33 dishonor fee. You’d have to ask Cash Converters Customer Care line directly about other fees like defaults or early repayment fees.

How to Get a Loan from Cash Converters

If you’re considering applying for a loan through Cash Converters, there are several ways you can go about it. 

One option is to use their online platform, either through their website or mobile app known as My Loans. This allows you to complete the application process from the comfort of your own home.

Another option is to visit one of Cash Converters’ physical locations. With over 150 stores, there’s likely to be one near you where you can go in person and get assistance with your application. 

If you prefer to speak to someone directly, you can also reach out to their personal finance team by calling 13 CASH (132274).

Regardless of whether you choose to apply online or in-store, you’ll need to provide certain information and documents to complete the application process. 

This typically includes details such as your full name, address, phone number, and employment information. You’ll also need to provide your bank details, as well as additional documentation like your Medicare card and bank statements covering the last 90 days. 

These statements help to verify your income and expenses, ensuring that you can afford the loan you’re applying for.

It’s important to note that the specific documents required may vary depending on your location and the amount of money you’re looking to borrow, or if you’re planning to sell items to Cash Converters.

To avoid any surprises, it’s a good idea to check with your local Cash Converters store or their website to find out exactly what you’ll need to provide before starting the application process. This ensures a smooth and hassle-free experience.

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How to apply for Cash Converters Loan Online

1. Research and Compare Loan Options

Before going into the application process, take the time to research and compare different loan options offered by Cash Converters.

Consider factors such as interest rates, repayment terms, and any additional fees associated with each loan product. Choose the option that best suits your financial needs and circumstances.

2. Gather Required Documents

To streamline the application process, gather all the necessary documents beforehand. This typically includes:

  • Proof of identification (e.g., driver’s license, passport)
  • Proof of income (e.g., pay stubs, bank statements)
  • Proof of address (e.g., utility bill, rental agreement)
  • Any other documentation requested by Cash Converters

Having these documents readily available will help speed up the application process.

3. Complete the Online Application Form

Many Cash Converters loan applications can be completed online, making the process quick and convenient. Simply visit the Cash Converters website and locate the loan application section.

Fill out the required fields with accurate information, being sure to double-check for any errors before submitting the form.

4. Await Approval

Once you’ve submitted your loan application, Cash Converters will review your information and assess your eligibility.

This process typically takes a few business days, although approval times may vary depending on the volume of applications received and other factors. 

Be patient and await communication from Cash Converters regarding the status of your application.

5. Review Loan Terms and Conditions

If your loan application is approved, Cash Converters will provide you with a loan agreement outlining the terms and conditions of the loan. 

Take the time to carefully review this document, paying close attention to the interest rate, repayment schedule, and any other relevant details. If you have any questions or concerns, don’t hesitate to reach out to Cash Converters for clarification.

6. Sign the Cash Converters Loan Agreement

Once you’re satisfied with the terms and conditions outlined in the loan agreement, it’s time to sign the document. 

By signing the loan agreement, you’re committing to repaying the borrowed funds according to the agreed-upon terms.

7. Receive Funds

After signing the loan agreement, Cash Converters will disburse the approved funds to your nominated bank account.

Depending on your bank’s processing times, you should receive the funds within a few business days. Once the funds are deposited, you’re free to use them as needed to cover your expenses.

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What is Cash Converters Loan Requirements?

To qualify for a loan at Cash Converters, you must:

  • Be over the age of 18
  • Be an Australian citizen or permanent resident.
  • Have a regular income of at least $300 per week from a reliable source.
  • Hold an active Australian bank account.

Once you apply online, you can expect to receive a decision within 24 hours. If approved, the loan amount will be transferred to your bank account on the next business day after you sign the agreement.

Read also:Loan Application Online in Nigeria: how to do it Right

What is Cash Converters Minimum And Maximum Loan Limit?

Cash Converters offers loans in different sizes, from a small amount of $50 to a larger amount of $5,000. The most you can borrow depends on whether you qualify and the rules in your state.

If you only need a little money, you can get a loan starting at $50. If you need more, you can borrow between $2,050 and $5,000 for up to 24 months.

If you need money specifically for a car, they also have car loans available from $5,001 to $45,000 through their partner Green Light Auto Finance.

These loans give you flexibility in how much you borrow and how long you have to pay it back, so you can pick the option that works best for you.

However much you can borrow depends on whether you meet certain requirements and if you can afford to pay back the loan. The most you can borrow and how long you have to pay it back will change depending on the type of loan and your situation.

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What are the Pros and Cons of Cash Converters Loan?

One of the significant advantage of this loan service is its flexible application process, which makes it easy for people to apply for a loan without facing too many hurdles. 

They offer discounts to borrowers who decide to repay their loans ahead of schedule, providing an incentive for timely repayment and potentially saving borrowers money on interest fees.

The service also provides assistance to borrowers who are struggling financially, offering support and guidance to help them manage their loan repayments during tough times.

However, there are some disadvantages associated with the service. One common issue is the failure to set up direct debit arrangements on some customers’ accounts, which can cause inconvenience and frustration for borrowers expecting automatic payments.

This problem could potentially lead to missed payments and additional fees or penalties, creating financial stress for affected borrowers.

While the loan service offers several benefits such as a flexible application process, discounts for early repayment, and assistance for borrowers in financial difficulties, there are also drawbacks such as reported failures in setting up direct debit arrangements.

Therefore, potential borrowers should weigh these pros and cons carefully before deciding whether to use this loan service.

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Cash Converters Loan Customer Care Service.

If you need help from Cash Converters, you have a few ways to get in touch. You can visit their website and use the “Contact Us” page to send them an email.

You can also call their customer service hotline at 13 CASH (132274) for any questions about their products and services.

To find contact info for a specific Cash Converters store, you can use the “Find a Store” tool on their website. You’ll get their phone number and address there.

You can also reach out to Cash Converters on social media platforms like Facebook, Instagram, and Twitter. Just send a message or leave a comment.

Whether you apply for a loan in-store or online, Cash Converters will review your application. They’ll look at things like why you need the loan and your recent bank statement. Their flexible terms and repayment options might be a good fit for your financial situation.


What are the general requirements to ask for a Cash Converters loan?

You must be over 18 years old and provide valid proof of identity.

What additional requirements are needed for a loan against valuables?

You must be the rightful owner of the item you want to pawn.

What documents are required for a loan against salary or a personal loan?

You need your last payment receipt, three months’ bank statements, confirmation of employment, mobile phone banking registration, certificate of residence, and contact information.

How long is the loan term for Cash Converters loans?

Loans against items or salary are due on the same day the following month, while personal loans are paid back in three installments.

Why is it crucial that I own the valuables I pawn?

Cash Converters reports any attempt to pawn stolen goods to the police.

What happens to my items if I accept the loan?

Your items must stay with Cash Converters until you repay the loan the following month.

Can I top up a Cash Converters Personal Loan?

No, Cash Converters does not offer top-ups on their personal loans.

What type of personal loan does Cash Converters offer?

Cash Converters offers an unsecured personal loan called the 1|2|3 Loan, allowing borrowers to access up to R2000.

How long does it take for Cash Converters to approve a personal loan?

Cash Converters typically takes up to 24 hours to process documents and inform applicants of loan approval.


Applying for a Cash Converters loan is an easy process that can provide much-needed financial relief in times of need.

By following the steps outlined in this article and ensuring you meet the eligibility criteria, you can access the funds you need quickly and conveniently.

Remember to borrow responsibly and only take out a loan if you’re confident in your ability to repay it on time. With Cash Converters, financial assistance is just a few steps away.

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Blessing Ukibe
Blessing Ukibe

Medical Student at Nnamdi Azikiwe University|Tech content expert at Silicon Africa Technology|Lover of fun books and fun fun ☺️

Articles: 125

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