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Cash a Way Secured Loan

Cash a Way Secured Loan
Maximum loan amount
$50,000
Do you really need a loan today? If you would like to speak to someone about your finances you can call the free National Debt Helpline on 1800 007 007.

Summary

Borrow from $50 up to $50,000. This loan requires security. Fees and charges apply.

Cash a Way operates out of Mount Druitt in western Sydney and functions as a pawnbroker and a second-hand dealer. They provide a secured short-term loan of $50 up to $50,000. The maximum amount you can borrow depends on the value of the item you wish pawn. Cash a Way also buys items of value. You can use different items as collateral. The cost of this loan will be outlined in your loan contract, including all fees and charges. According to the pawn broking law in Australia, you’ll have at least three months to repay the loan and get your items back.

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Details

Product Details

Product Name Cash a Way Secured Loan
Minimum loan amount $50
Maximum loan amount $50,000
Available to Centrelink Borrowers? Yes

⚠️ Warning about Borrowing

payday-warningDo you really need a loan today?*

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow:

  • For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor
  • Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
  • If you are on government benefits, ask if you can receive an advance from Centrelink: Phone: 13 17 94

The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.

* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.

How do Cash a Way Secured Loan work?

Cash a Way provides secured loans, so you’ll need to provide some kind of collateral to secure the loan. The item you choose to pawn can be just about anything of value. Cash a Way Secured Loan provides loans from $50 to $50,000.

To get a loan from Cash a Way you have to visit its store and take item you wish to use as collateral with you. An employee values your item and makes you a cash loan offer on the spot. If you accept the offer, you have to sign the contract. Cash a Way can then give you the money you need.

The contract gives you a clear indication of the redemption period. You have to repay the loan amount along with interest and charges during this period to get your item back. Keep in mind than if you don’t repay the loan in time, Cash a Way sells your pawned goods to recover its money.

Features of a loan from Cash a Way Secured Loan

This is why you can think about getting a loan from Cash a Way Secured Loan:

  • Use different items as collateral. As long as you have something of value, you can think about getting the money you need from Cash a Way Secured Loan. Examples of what you can use as collateral include jewellery, electronic goods, household appliances, musical instruments, gardening equipment and even vehicles.
  • Get money quickly. If you’re okay with the loan offer, you can get the money you need almost immediately.
  • Creditworthiness does not matter. Getting a conventional loan can be a challenge if you have poor credit history. This is not a concern with Cash a Way Secured Loan because you’re providing collateral to secure it. If you don’t repay your loan, Cash a Way Secured Loan sells your item to recoup it costs. The defaulted loan doesn’t get listed on your credit file.
  • Use the money for any purpose. There are no restrictions on what you can do with proceeds from your Cash a Way Secured Loan, provided you use the money for legitimate reasons.

Fees and charges

Before you get money through Cash a Way Secured Loan you have to accept a pawn contract. This contract informs you of the total loan amount. It also tells you how interest much you’ll have to pay as well as other applicable fees and charges.

According to pawn broking law in Australia, you get at least three months to repay the loan and get your items back. If you can’t repay the loan within the specified time frame, you can seek an extension by contacting Cash a Way. However, remember that the longer you take to repay the loan, the more it will cost.

Are you eligible for a Cash a Way Secured Loan?

You don’t have to meet strict lending criteria to get a loan from Cash a Way. You can qualify if:

  • You have an item that is over $50 in value
  • You have an Australian residential address
  • You can complete a legally required 100 points ID check

How you can apply

Applying requires that you visit the Cash a Way store, which you can do by visiting its website. You’ll have to submit some basic information to complete the application successfully:

  • Your name, phone number, home address and email address
  • Your date of birth
  • Details from valid forms of identification such as your driver’s license, passport and Medicare card

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Olivia

October 04, 2018

I Would like to apply for this loan


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John Basanes Finder

October 04, 2018

Hi Olivia,


Thank you for reaching out.


Applying requires that you visit the Cash a Way store, which you can do by visiting its website. You’ll have to submit some basic information to complete the application successfully:


Your name, phone number, home address and email address

Your date of birth

Details from valid forms of identification such as your driver’s license, passport and Medicare card.

Hope this helps!


Cheers,

Reggie


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