Get access to an instant cash loan without a credit check from an Australian pawnbroker with over 40 years experience.

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Cash Mart

Cashmart is an Australian pawnbroker with over 40 years industry experience. They provide cash loans in exchange for goods, and the ability to buy, sell and loan second-hand items. When financial pressures such as urgent bills, medical costs, or home and car maintenance arise, an instant cash loan might provide a short term financial solution without the hassle of securing bank approval, going through credit checks or (if opting to sell their items) getting into debt.

Starting out in 1971 in Hobart, Tasmania as the Bellerive Swap Shop, Cashmart boasts a three-generation history. The business has since grown and diversified beyond traditional pawnbroking and second-hand trade, and now also provides instant cash loans against goods.

Comparison of Payday Loans

Whilst we don't compare loans from CashMart directly, use the table below to see how their product compares to other loans in Australia.

Updated January 25th, 2020
Name Product Maximum Loan Amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Nimble Short Term Loan
62 days to 9 months
1 hour - conditions apply
15% of loan amount + 3% of loan amount each month
Finder Exclusive: 25% discount on the establishment fee (now 15%) and monthly fee (now 3%)
A loan up to $2,000 with terms up to 62 days to 9 months. Centrelink cannot be your primary source of income.
Sunshine Short Term Loans
9-12 weeks
30 minutes - conditions apply
20% of loan amount + 4% of loan amount each month
A small loan up to $2,000 that you repay over 9-12 weeks. Loans approved and funded in as little as 30 minutes. Centrelink must not be your primary income
Wallet Wizard Smart Loan (Up to 2K)
Up to 2 years
3 hours - conditions apply
Apply for up to $2,000 and be able to access your approved loan as a convenient line of credit.
Fair Go Finance Small Loan
3-12 months
1 business day
Establishment fee from 10% of loan amount + monthly fee from 2%
A small loan between $500 and $2,000 that can be funded in 24 hours.
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.
Speckle Small Loan
3 to 12 months
1 business day
10% of loan amount + 2% of loan amount each month
A small loan up to $2,000 from a lender backed by NAB. Transparent eligibility criteria and competitive costs.

Compare up to 4 providers

Types of personal loans from Cashmart

Cashmart are first and foremost a pawnbroker, but it does provide short term secured loans to people who don't wish to sell their valuable items. Customers can bring their valuable items in-store and Cashmart will offer a loan up to the product's value. Items such as electronics or sports equipment can be used as forms of security. Cashmart will hold the item at its site until the loan is paid off in full.

Cashmart’s loan amounts range from $50 to $2,000.

Cash Mart secured cash loans accumulate fixed interest on a weekly basis, with rates starting at 10% of the principal amount for the first week, and 15% for the second. Fees also apply.*

Customers should aim to pay back a cash loan on their next payday, to ensure that they pay minimum interest possible.

*For more information on Cashmart's rates and fees, customers can contact them by phone or in-store directly.

Features of a Cash Mart loan

  • Access to instant cash.
    In as little as 20 minutes, a team member can evaluate and approve a person's items, and provide them with cash over the counter.
  • No credit-checks.
    Getting a personal loan from a bank usually includes a lengthy application process and credit checks. Cash Mart does not consider these factors. Instead, it provides upfront cash based on the value of a person's goods. Customers can increase the value of their loan by providing brand new products with a receipt.
  • Repayment terms.
    Cashmart allows two days leeway on top of the one month period before the interest increases.

What other products does Cashmart offer?

  • Buy second-hand products: Cash Mart offer a leading range of second-hand products, including technology, jewellery, gold, musical instruments and more.
  • Trade products: If there is an item in stock that someone would like to purchase, Cashmart may accept a trade-in product, as opposed to cash.
  • Jewellery evaluation: Cashmart’s team of experts offer evaluations for expensive jewellery including gold and diamonds.
  • Sell second-hand products: Cashmart will pay cash for unwanted items they can resell. Customers can boost their cash amount by selling new products (as long as they have a receipt) or let a team member evaluate the quality of the second-hand items.

How to apply for a personal loan from Cashmart

Cashmart’s instant personal loans are granted in store at the Dandenong and Frankston locations in Victoria. Interested borrowers can make an enquiry about an item online, or visit one of Cashmart’s stores to allow an expert team member evaluate an item for them. It’s also possible to telephone either of the stores for personal advice.

Customers will need to bring in an ID with the items they intend to loan or sell. Many items accepted by the lender are common personal belongings, including items such as jewellery and electronics.

The team at Cash Mart has experience in evaluating a wide range of products- including gold and diamonds and claim to give customers maximum cash for their goods.

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