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Apply now and have an approval decision within minutes
Associated fees:
20% establishment fee
4% monthly fee
Example Loan Cost:
Borrow $1,000 → Total Repayment: $1,560 over 6 months
Borrow $2,000 → Total Repayment: $3,120 over 12 months
Repayments: Fixed weekly, fortnightly, or monthly payments.
Best For:
✔ Emergency expenses, car repairs, medical bills
✔ Short-term borrowing for unexpected costs
Associated fees:
$400 establishment fee
48% annual interest rate (APR)
Example Loan Cost:
Borrow $3,000 → Repay ~$5,200 over 18 months
Borrow $5,000 → Repay ~$7,900 over 24 months
Repayments: Fixed weekly, fortnightly, or monthly payments.
Best For:
✔ Larger expenses (e.g., debt consolidation, rent, large purchases)
Associated fees:
20% establishment fee
4% flat monthly fee
Best For:
✔ small immediate expenses
Your PayAdvance limit may increase if you establish a reliable repayment history.
Repayment terms: Settle the amount on your next payday
With PayAdvance, credit checks are not required. There are no hidden fees or interest charges. Just a 5% fixed fee.
Note: All information included here on Friendly Finance are accurate and in line with the data provided on Cash Converter’s website as of February 2025.
About Cash Converters
📌 Founded: 1984
📌 Headquarters: Perth, Western Australia, Australia
📌 Stock Market Listing: Australian Securities Exchange (ASX: CCV)
📌 Credit Licence: Australian Credit Licence (ACL) 391415
📌 Regulated by: Australian Securities and Investments Commission (ASIC)
Cash Converters is one of Australia’s largest pawn broking and personal finance providers. Originally founded in 1984 in Perth, Western Australia, the company started as a second-hand retail and pawn broking business. Over time, it expanded into financial services, offering small loans and medium personal loans to customers who may not qualify for traditional bank credit.
The company operates a network of over 150 stores across Australia and provides both in-store and online financial services. It is publicly listed on the Australian Securities Exchange (ASX) under the ticker CCV and is regulated by ASIC (Australian Securities and Investments Commission) under Australian Credit Licence 391415.
Main Services Provided by Cash Converters
Personal Loans (Small & Medium Loans)
Pawn Broking (Secured Loans Against Valuables)
Buyback Services (Selling & Repurchasing Goods)
Second-Hand Retail Sales (Electronics, Jewellery, etc.)
Cash Converters: Eligibility Requirements
The application process for Cash Converters is done through the company’s website or you can also easily apply for a loan using this form. To process your loan application, you need to pass Cash Converter's eligibility requirements:
- At least 18 years old
- Australian citizen or permanent resident
- Must have a stable income source
- Must have an Australian bank account
- No credit check for pawn loans & small cash loans
- Credit check required for medium personal loans
Loan application results will be released within 24 hours from the time of the application and submission of the online form. Once your loan is approved and you have signed your credit agreement, you will receive the proceeds of your loan through a bank transfer the following business day.
Fast Loan Approvals: Most applications are approved within the same day.
No Hidden Fees: All fees are clearly stated upfront.
No Credit Check for Pawn Loans & Small Loans: People with bad credit or no credit history may still qualify.
Flexible Repayment Options: Choose weekly, fortnightly, or monthly repayments.
Secured & Unsecured Loan Options: Customers can pawn valuables for secured loans or apply for cash loans without collateral.
In-Store & Online Services: Customers can apply online or in any of the 150+ Cash Converters stores across Australia.
The Company: Cash Converters
There are some positives and negatives for prospective borrowers to consider before using Cash Converters as an online lender. As part of the reviewing process for this page, customer feedback and common questions answered on the company website were considered for the overall assessment.
Positives
- Flexible application process
- Discounts on early repayments
- Assistance to borrowers experiencing financial struggles
Negatives
- High interest rates & fees
- Some customers reported aggressive collection tactics
- Delays in processing payments & disputes
