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Cash Converters Loans

Cash Converters specialises in short term loans, pawnbroking and the buying and selling of secondhand goods.


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Cash Converters

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Cash Converters is a lender that operates online and across more than 150 stores in Australia. It specialises in buying and selling second-hand goods including jewellery and electronics, pawnbroking services, car finance as well as cash advance and personal loans. Borrowers can apply for loans between $100 and up to $4,600. Repayment terms vary from 4 weeks to 24 months depending on how much you borrow.

Use this guide to compare loans and services offered by Cash Converters as well as the fees, features and eligibility requirements that apply.

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⚠️ Warning about Borrowing

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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.

Compare Cash Converters Loans

Data indicated here is updated regularly
Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Cash Converters Personal Loan
up to 12 months
Within 48 hours
20% establishment fee + 4% monthly fee
Cash Converters offers this loan from $400 that gives you up to 12 months to repay.
Cash Converters Medium Personal Loan
2 to 24 months
24 - 48 hours
$400 (establishment fee; financed under loan) + 48% p.a. interest
A larger loan up to $4,600 available even if you have bad credit. You'll have up to 2 years to repay.
Cash Converters Cash Advance Loan
4-6 weeks
Same day - conditions apply
20% of loan amount (establishment fee) + 4% of loan amount each month
Apply in-store for a Cash Advance Loan from Cash Converters

Compare up to 4 providers

How do Cash Converters loans work?

Cash Converters isn’t a typical lender as they are mainly a second-hand goods shop, but they do offer different loans for personal uses. Cash Converters Personal Loans are available from $400 to $4,600 with funds appearing in your account on the next business day. If you're looking for a smaller loan, a Cash Advance Loan starts at $100. Repayment terms vary depending on the loan you opt for.

Types of loans available from Cash Converters

  • Cash advance loan. These loans can range from $100 to $2,000 and is repaid within 4-6 weeks. If you have an account with one of Australia’s major banks (ANZ, NAB, Commonwealth Bank, or Westpac) your funds are usually approved within a few hours, while those who bank with others will have their funds available the next business day.
  • Medium personal loan. You can apply for between $2,050 and $4,600 with the Medium Personal Loan and pay it off within 24 months. You can apply online or in-store as long as you've been employed for 3 months and earn over per week.
  • Personal loan. You can apply for a minimum of $400 and up to $2,000. Repayment terms vary up to 12 months. You can apply if you have bad credit or receive Centrelink payments and after signing the contract, you could receive your loan amount within a few hours, or at the latest the next business day.

How much will the loan cost?

For loans up to $2,000, you will be charged a 20% establishment fee and a 4% monthly fees. Loans over $2,000, for example, the Medium Personal Loan, will come with a $400 establishment fee and an annual cost rate of 48%.

Features of a Cash Converters’ Personal Loan

  • Short loan term. The smaller the loan the shorter the loan term can be. The longest available loan term is 24 months which is only offered for loans closer to the $4,600 maximum.
  • Turnaround time. This depends on who you're banking with. Cash Converters can send the funds within 20 minutes but it could take up to one or two business days depending on who you're banking with.
  • Small loan amounts. Cash Converters offers personal loans between $400 and $4,600.

What other products does Cash Converters offer?

  • Second-hand shop. Cash Converters’ second-hand shop sells a variety of goods including jewellery, electronics, sports gear and other near-new items at affordable prices. You can shop at their physical locations or through their Webshop online.
  • Pawnbroking. As Australia’s largest pawnbroking service, Cash Converters allows people to get cash by using valuable items as collateral. Instead of outright selling the items, people have the option to get the item back after you pay back the small loan. All items are assessed for their worth on a case-by-case basis.
  • Car finance. Cash Converters offers cars loans through its partner Green Light Auto Finance. Customers can apply for a loan up to $35,000 and flexible payment options are available.
  • Buying products. Cash Converters also buys goods based on their appeal, age, and condition. People can take their quality items in good condition along with 100 points of identification and receive cash if they accept it.

How to apply for a Personal Loan from Cash Converters

When you’re looking to apply for a personal loan or any other loan from Cash Converters you’ll have to first see if you’re eligible. Applicants must be at least 18 years old, reside in Australia and have been employed for at least three months.

Eligibility is assessed on a case-by-case basis, but applicants must earn at least per week in order to be assessed.

To apply for a loan, you'll need Internet banking so Cash Converters can access your bank statements from the previous three months. You will also need 100 points of ID and online access to your income statement if you receive Centrelink payments.

Once the application is submitted, Cash Converters will run the necessary credit and employment checks. If everything is approved, the money will be transferred to the applicant's account.

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58 Responses

  1. Default Gravatar
    CashDecember 14, 2018

    I got $1500 dollar loan today and I want to pay the loan back tomorrow how much extra will I have to pay?

    • Avatarfinder Customer Care
      JohnDecember 17, 2018Staff

      Hi Damien,

      Thank you for reaching out to finder.

      You might want to contact Cash Converters Loan directly to get the exact amount you need to pay. But generally, these are the fees included when taking out a loan from them. 20% establishment fee + 4% monthly fee. Hope this helps!


  2. Default Gravatar
    sunshineSeptember 26, 2017

    i wanted to borrow the money to start a business

    • Default Gravatar
      DanielleSeptember 27, 2017

      Hi Sunshine,

      Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

      If you’re looking to apply for a personal loan or any other loan from Cash Converters you’ll have to first see if you’re eligible. The lender requires all applicants to be 18 years or over and reside in Australia. You also need to have been employed for at least 3 months. Eligibility is on a case-by-case basis, but you will need to earn at least $300 per week in order to be assessed. In order to apply for a loan, you’ll need to have Internet banking so Cash Converters can access your bank statements from the previous three months. You will also need 100 points of ID and online access to your income statement if you receive Centrelink payments. Once you apply the company will run the necessary credit and employment checks. If everything is approved the money will be transferred to your account. If you wish to proceed simply click the green “Go to Site” button.

      I hope this helps.


  3. Default Gravatar
    DeltaJune 27, 2017

    Hi! I want borrow $5,000 to pay for school fees and car fixed.

    • Default Gravatar
      JonathanJune 28, 2017

      Hi Delta!

      You may click “More” on the lender if you wish to get the details. But if you wish to check other lenders and see if there are other deals, you may visit this page instead.

      You can click “Go to Site” green button of your chosen lender to proceed with your application.

      Hope this helps.


  4. Default Gravatar
    KimJune 8, 2017

    Am I eligible for fast loan of 300. I receive 900 p/f expenditure bout 400 max. Thank you

    • Default Gravatar
      LiezlJune 8, 2017

      Hi Kim,

      Eligibility for this loan is on a case-by-case basis. However, you have to 18-years-old or over, reside in Australia and earning at least $300 per week in order to be assessed. Please refer to the “How to Apply” section above for more information. Once you have confirmed that you meet the eligibility criteria, you can visit their website to apply. You may also click the green “More” button to get more information about the loan.

      I hope this has helped.


  5. Default Gravatar
    elmarieMay 25, 2017

    Hi, I like to borrow 2000. How much must I pay back?

    • Avatarfinder Customer Care
      RenchMay 26, 2017Staff

      Hi Elmarie,

      Thanks for your inquiry.

      With Cash Converters, the repayment terms vary up to 12 months. The computation would basically include interest and associated fees. Best to contact Cash Converters to get the exact computation for your $2000 loan.

      Meantime, some other small personal loans are listed on this page, which you may like to check and compare. You can click on the ‘Go to site’ button if you wish to apply and be redirected to the lender’s official page.

      Hope this helps.


  6. Default Gravatar
    MelFebruary 26, 2017


    I would just like to check if you are able to apply for a loan if you are on Centrelinks Newstart payment?

    Thank you

    • Avatarfinder Customer Care
      DeeFebruary 26, 2017Staff

      Hi Mel,

      Thanks for your question.

      Cash Converters accepts applicants who receive Centrelink payments.

      You may also check this page to compare other short-term lenders and banks that may consider you for a loan.

      Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision and consider whether the product is right for you.


  7. Default Gravatar
    MargaretDecember 22, 2016

    I would like to borrow $1000. How long would I have to pay it back and how much a fortnight.

    • Avatarfinder Customer Care
      DeeDecember 22, 2016Staff

      Hi Margaret,

      Thanks for reaching out.

      With Cash Converters, their personal loans can be repaid over 12 months.

      For a loan amount of $1,000 with a repayment period of say, 12 months, the average weekly repayment will be $32. You can visit Cash Converters website to get a quote for your loan amount under different repayment period.

      You may also want to consider other short-term cash loans listed here.

  8. Default Gravatar
    NuniiOctober 29, 2016

    Hi there. I was wondering if I could get a loan to purchase a vehicle? I need about $4000.00 and I would like pay it back in like 3 years if that’s possible. Thanks.

    • Avatarfinder Customer Care
      JasonOctober 29, 2016Staff

      Hi Nunii.

      Thank you for your inquiry.

      The maximum amount that you can borrow with Cash Converters is only $2,000. Please feel free to check out this link for a comparison of several car loan providers or lenders that may be able to cater you needs.


  9. Default Gravatar
    graceOctober 28, 2016

    if i borrow 1000 how much is to be paid over 12 months

    • Avatarfinder Customer Care
      HaroldOctober 28, 2016Staff

      Hello Grace,

      Thanks for your questions.

      For Cash Converters Personal Loans come with a 20% establishment fee + 4% monthly fee. The longer you take to repay the loan, the more you’ll end up paying in monthly fees. If you fail to make your repayments on time, a dishonour fee of $33 applies. There are no additional daily fees and no rescheduling fees.

      I hope that helps.


  10. Default Gravatar
    GregOctober 10, 2016

    Hey guys i am an international student, getting a monthly deposit of 3000$ from back home(international transfer) I need an urgent loan to pay for a uni fee. I can pay it back in like 5 days with interest.

    • Avatarfinder Customer Care
      ElizabethOctober 11, 2016Staff

      Hi Greg,

      You’re able to apply for a cash advance from Cash Converters but you’ll need to apply in-store as you’re not a permanent resident. You can find a list of store locations on the Cash Converters website. Keep in mind your eligibility depends on a range of factors, and be prepared to show 90 days of your bank statements as well as your ID.

      Hope this helps,


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