Category

Pawn Loan

Where Can I Get Instant Cash For A Startup?

By | Pawn Loan, Personal Loan

All business startups need capital to launch, along with cash flow to keep the business running until it’s profitable.

Maybe you’ve come up with a fantastic idea but have no cash to get started? Or, you’ve managed to get your business up and running but are now short on cash flow.

You don’t want your great new idea to fizzle out simply because of a lack of funds to see it through to the next phase.

So, if you’ve been asking yourself the question, “where can I get instant cash for a startup?”, this post will provide the answer. There are always options. It’s just simply being aware of those options.

Get a Quick Cash Loan

A quick cash loan, also referred to as a fast cash loan, is really just a small Personal Loan provided by a private lender.

There are two key reasons why you want to approach a private lender for a quick cash loan and not a bank. Firstly, banks don’t offer smaller Personal Loans. Generally, they often have a minimum of $5k. The second reason is that you generally won’t get money quickly when you seek finance from a bank.

With private lenders, it’s a totally different story. If you apply early enough in the day, there’s a good chance your loan application will be assessed and approved that same day, with the cash in your nominated account by the end of the day or the very next business day.

You can also borrow much smaller sums from private lenders. Maybe you only need $500 or $1,000 to cover your needs. No point getting into debt with a bank for $5K when you only want a fraction of that amount.

There are many ways to use quick cash loans too. You could put some of the money towards advertising and marketing your products or services, or even creating an online presence and having a website built. Or, you might simply want to have the cash on hand to keep you afloat while increasing business turnover.

One of the biggest killers of new Australian startup businesses is a lack of capital or poor money management. This is where a quick cash loan can really save the day and your enterprise.

A Pawn Loan Is Another Excellent Option

While Personal Loans are unsecured loans, you could also opt for a Pawn Loan if you have something of value that you could leave with the lender as collateral. Maybe you have a private vehicle or a company car.

The way Pawn Loans work with private lenders is you can basically borrow up to 60% of the market value of your vehicle, business equipment or valuables such as expensive jewellery and watches. A vehicle isn’t restricted to cars either. It could be a van, truck, motorbike, caravan, boat and so on. So long as you own it outright and can produce rego papers, you’ll be able to negotiate a Pawn Loan. The only other stipulation with vehicles is they must be less than 10 years old and have driven less than 150,000km.

Just like with the quick cash loan option, there are a number of ways to use Pawn Loans for startup businesses.

As an example, you might have a client order to fill but don’t have the funds available to get it done. You know you’ll be receiving a healthy payment from the client once you’ve fulfilled the order, so in the interim, you could get a Pawn Loan against the value of your car, get the cash you need, fulfil the order, get paid and then pay off your Pawn Loan.

The end result will be a satisfied customer and a tidy profit for your business.

Pawn Loans really are a good option to keep in mind for business owners and entrepreneurs.

The Wrap

So, the answer to the question of, “where can I get start up finance?”, is to seek a Personal Loan or a Pawn Loan from a private lender such as Cashify Loans. We provide fast service and competitive terms on both our Personal Loans and Pawn Loans. Come to us first and get your business cash flow on track today.

Can You Get a Pawn Loan Without a Credit History?

By | Pawn Loan

If you’ve never had a loan, a credit card or paid off any debts in your name, then you won’t have any credit history, or what’s known as a credit score. Banks and other lenders look up your credit history when assessing an application for finance, to determine whether to approve the loan or not.

So what happens if you have no credit score then? Can you still get a loan? No credit history is likely better than having a poor credit history, but it can make it tough to be approved for finance through the banks.

There is another option though, where your credit score, or a lack of one, actually doesn’t matter.

The answer is a Pawn Loan through a private lender.

Pawn Loans Without Credit History

Pawn Loans are provided by some private lending companies in Australia. It’s a secured type of loan where you need to leave an item of value in exchange for borrowing money. We’re not talking about pawnbrokers here, but rather finance companies that also offer Personal Loans, Mortgage Loans and so on. Not all private lenders offer the Pawn Loan option, but the ones that do will require you to leave an item of significant value in their possession until you pay the loan back. Car Pawn Loans are one example, where you put your vehicle up as security.

So, how do I get a Car Pawn Loan without a credit history?

Because you are leaving your car with the lender as collateral, your credit history doesn’t come into the equation. If you renege on your responsibilities and fail to repay the borrowed amount, the lender gets to keep your car and can then sell it or auction it off to recoup their money.

This is actually good news, as it allows you to get a loan with no credit history and when you repay the borrowed amount in full, you will then have established some positive credit history.

You can even get a Pawn Loan without a job, or if you’re employed on a part-time or casual basis. It’s not an issue.

Apart from offering up a car as security, you can also use a motorbike, truck, boat, jewellery or other valuables, expensive watches and so forth.

How Much Money Can You Borrow?

While you might have a certain amount in mind that you’d like to borrow, it’s all dependent on the value of the item, such as your car, that you are using as collateral.

Let’s use a vehicle for an example. You have a car and you bring it into the lender’s premises. They do an evaluation of it and determine the current market value is $60,000. Generally speaking, they’ll allow you to borrow up to 60% of the market value. In this example that would equate to a loan amount of $36,000. Of course, you’re not obligated to borrow that amount. You might only want $10K; an amount that’s enough for your needs and a figure that’s easier to repay and attracts less interest.

If you have enough collateral you can borrow up to half a million dollars, an amount that’s very handy for business cash flow and expansion or perhaps even a home extension.

Keep in mind that Pawn Loans are designed to be very short-term loans. You’ll only have up to about 3 months to pay back the borrowed amount, including fees and interest. If you opt for a Pawn Loan, you won’t get years to repay it. Have a solid plan for paying it back.

How To Find a Private Lender Who Offers Pawn Loans

In Australia, there are a number of private lenders that offer Pawn Loans, with Sydney being the hot spot. If you’ve been wondering, “where can I get pawn loans in Sydney?”, Cashify Loans offers some of the best Pawn Loans in the business.

All you need to do is bring in your car, motorbike, caravan, jewellery etc., and we’ll evaluate it’s worth and offer you an amount based on that valuation. There is only minimal paperwork and the application process is quick and easy.

Feel free to give us a call on 1300 933 053 and talk to our friendly staff if you have any questions.

Is It Better To Pawn Or Sell Jewellery?

By | Pawn Loan

So, you need money fast and you have some nice jewellery that’s worth something. What should you do with it? Should you sell it, or pawn it for a loan instead?

Is pawning jewellery a good option? Or are you better off selling it and being done with it?

Let’s take a look at Pawn Loans and see if it’s the better choice for you.

Why Getting a Pawn Loan Can Be a Better Option

For most people who are looking to offload some jewellery in exchange for quick cash, they would probably think of selling it before anything else. That’s fine, but once it’s sold, it’s gone for good. If, on the other hand, you were to pawn the jewellery, you can get it back once you’ve paid the loan off in full.

If you don’t really care about the jewellery or how much money you end up getting for it, then you probably won’t care about selling it.

For many people, jewellery can have sentimental value as well as the inherent value of the precious metals and gems. If you need cash in a hurry, but really don’t want to lose the items in the process, then a Pawn Loan is the best option. So long as you pay back your loan, you’ll have your jewellery returned to you in pristine condition.

If you sell the jewellery, it’s gone. Pawn it and you can get it back. Those are really the two choices.

It’s Not Hard To Get a Pawn Loan

You could try a pawnbroker to get a loan on your jewellery, but if your jewels are valuable, you’re far better off dealing with a private lender that also offers Pawn Loans. You’ll get a much better deal generally with cheaper interest rates as well.

Applying for a Pawn Loan is relatively quick and easy. Lenders vary, but the process will be similar in most instances.

How to apply for a luxury item Pawn Loan in easy steps:

  • Bring in your jewellery or valuable watch
  • Have your valuables evaluated
  • Agree to leave it with the lender until the loan is repaid
  • Provide 100 points of ID
  • Agree to a loan amount and sign the loan form

It really is as easy as that. Your cash will be transferred into your bank account on-the-spot.

How Much Can You Borrow?

It can vary depending on the company you’re dealing with, but generally, you can borrow from $3,000 and up for expensive watches, jewellery and other valuables. If you have some very valuable items or a collection of jewellery, you can potentially get a loan as high as $500,000.

You’ll probably get a better deal with a private lender than you would by going to a pawn shop. Plus, pawn shops generally don’t have the cash available for such big loans. You might bring in $10K worth of jewellery and only be offered a loan of a few hundred dollars on it.

With a private lender you can borrow up to 60% of the market value, so a lot more generous. If you own $10,000 worth of jewellery, this would mean you could borrow up to $6,000.

What About Credit Checks?

While the jewellery needs to be yours to pawn and have no finance owing on it, as far as your credit score is concerned, that’s not an issue. Pawn Loans are secured loans, so no credit checks, no employment checks and no delving into your credit history is required.

That’s good news if your credit history is not perfect or you have no credit history to speak of. This is one of the reasons why Pawn Loans are highly sought after. You can even be out of work and secure a Pawn Loan on your watches and jewellery.

Pawn Loans For Valuables In Sydney

If you’ve been asking yourself, “where can I pawn jewellery in Sydney”, look no further than the friendly team at Cashify. We lend on quality jewellery, expensive designer watches and other valuables, with loans starting from $3,000 and upwards.

There are zero credit checks and applying for a Pawn Loan is quick and easy. No stress, no hassle and the money in your account fast. Talk to us first.

101 Guide On Different Loan Options Available In Australia

By | Pawn Loan, Personal Loan

Australians are fortunate when it comes to the world of finance. There are a multitude of options available to business owners and everyday Aussies when you want to borrow money for a specific purpose, or even simply to bolster your cash flow.

In fact, there are so many loan options in Australia that it can get confusing. What kind of loans are available? Which is the best loan option for a specific purpose? Should you approach a bank for a Personal Loan or try a private lender? Is there a way of comparing the loan options available?

These are all fair questions and in this post, we’ll provide answers to those questions so you have a better idea of what’s available and which might be the best finance option for your needs.

Banks vs Private Lenders

Is one of the banks a better option for finance than a private lender or vice versa?

There is no definitive answer because both banks and private lenders have something positive to offer when it comes to a variety of loans. Your personal circumstances, how quickly you need the money, what type of loan you are chasing and how much money you need all come into the equation.

For example, if you’re looking to borrow a million dollars to purchase your dream home, seeking out a mortgage with competitive rates with one of the banks would likely be the obvious choice. On the other hand, if you only wanted to borrow a small amount of money, banks generally don’t offer small loan options. In this instance, the private lender will prove to be your best friend.

Both have their advantages and both will always play a role when it comes to lending money to Australians for all sorts of purposes.

Let’s now take a look at the different types of loans and their features.

Personal Loans

Personal Loans are one of the most common and popular forms of finance in Australia. One reason for this is you can use a Personal Loan for practically anything.

When you apply for a personal loan you’ll be given a list of options regarding what you will use the money for. While car loans and home loans are restricted to cars and homes exclusively, personal loans offer a variety of choices.

Banks will offer Personal Loans ranging from about $5,000 up to $50,000 or more, which is a handy range that covers most people’s needs. One downside with this though, is that people don’t always need to borrow a minimum of $5K.

A perfect example might be a small emergency, where just a few hundred dollars, or maybe a few thousand dollars, is enough to get you out of a tight spot. Banks don’t offer Personal Loans in these smaller denominations but private lenders do. Private lenders will allow you to borrow much smaller amounts of money, to be repaid over a shorter term. It’s really the perfect solution when you need some quick cash that’s not in the high four or five figures.

Mortgage Loans

Mortgage Loans are the type of loans that so many Australians require at some point in their adult life. There can be some confusion about the term ‘Mortgage Loans’ though, as there are actually two types.

The first is where you ask your bank for a Home Loan so you can purchase a property and pay it off. This is one of the most common loans in the country, with many Aussies chasing the Great Australian Dream – home ownership. Next to Personal Loans, a Home Loan is one of the most sought after loans there is.

When it comes to Mortgage Loans, the other option is where you take out a smaller loan against the value of your property for other purposes, a common one being home renovations and remodelling. In reality, a Mortgage Loan can be used for many purposes, but renovating is certainly one of the most common.

Now while banks do offer this type of loan, private lenders often offer far more reasonable terms when it comes to Mortgage Loans. Most private lenders offer Mortgage Loan amounts of between $5,000 and $100,000, which is more than enough for most homeowner’s needs. You can even use your Mortgage Loan to build that backyard swimming pool you’ve been dreaming of.

Pawn Loans

A Pawn Loan is one of the more interesting types of lending. We’re not talking about getting a small loan from a pawnshop, but rather loans of more substantial amounts from private lenders that offer a Pawn Loan option.

If you’re unaware of what a Pawn Loan actually is, it means offering something of value as security against the loan. A perfect example of a Pawn Loan from a private lender is to leave your car with them as collateral against the loan. When you repay the loan in full, you get your vehicle back in the same pristine condition that you left it.

The really great thing about Pawn Loans is it doesn’t matter if you have a bad credit record or even no credit score. You can still get a Pawn Loan. You can even get one of these loans if you’re unemployed, casually employed or self employed. You just have to be certain you have the means of repaying the loan so you can get your car or other valuable item back.

With Pawn Loans you can loan against:

  • Cars
  • Motorcycles
  • Caravans
  • Boats
  • Jewellery, watches & valuables
  • Business equipment
  • Company vehicles
  • And more…

Pawn Loans For Businesses

Whether it’s a start-up or an established business, many commercial ventures will need extra capital and cash flow for a variety of reasons. One of the most common would be for business expansion. Another reason might be to fulfil a very large order.

Whatever the requirements, businesses have a number of options at their disposal. Banks offer Business Loans as well as lines of credit and overdraft facilities to help with consistent cash flow. Some Business Loans are secured loans with lower interest rates while others are unsecured.

Pawn Loans are also available for businesses, where company vehicles or business equipment can be used as collateral against the loan. Loan amounts can range from $2,000-$500,000, sometimes even higher, depending on what the business has to use as security. These are short-term loans designed to instantly give business cash flow a boost right when it’s needed the most.

So long as you can prove complete ownership of the vehicles or equipment you wish to use to secure your loan and can provide 100 points of ID, you’ll be good to go for a Business Pawn Loan.

Fast Cash Loans and Emergency Loans

If you need finance fast, then a bank isn’t really going to be a viable option if you’re dealing with an emergency. Banks can take a considerable amount of time to process and approve loan applications, time you might not have.

For fast cash loans and same day loans you’re best off approaching a private lender.

Lenders in the private finance sector focus on speedy results. It’s one of the key advantages they have over the banks. Applications can be done online for a fast cash Personal Loan and the process only takes a few minutes. There is also hardly any documentation required and often the application will be processed and approved on the same day; meaning you get your cash by the end of that day or the next business day.

You can borrow anywhere from a few hundred dollars to a few thousand dollars, depending on the lender. Interest rates are fair and repayment terms are short so you’re not stuck repaying a debt for a lengthy period of time.

Quick cash loans from a private lender are your best bet when faced with an emergency or any scenario where you need money fast.

The Wrap

There are loads of options for finance available to every Australian individual and business, with both banks and private lenders offering some great deals, depending on your circumstances and requirements.

Cashify is your premier private lender for small, fast Personal Loans, Mortgage Loans and a fantastic range of Pawn Loans. No matter what you need the money for, make us your first choice the next time you need finance.

Top Tips for Solving Your Business Cash Flow Problem

By | Pawn Loan

A business can only continue to function and grow if it has continuous cash flow. When the opposite is true, everything becomes stagnant or can even start going backwards.

To ensure your business remains in the black, we’ll take a look at a few ways to solve your cash flow problems. 

What is a Business Pawn Loan?

Many businesses have company vehicles and equipment. Depending on the value of your vehicles and equipment, you might be able to secure a Pawn Loan to the value of half a million dollars. Pawn Loans are also available in much smaller amounts and usually start around the $2,000 mark.

Once you’ve found a Business Pawn Loan provider that suits your requirements, to apply for a Pawn Loan you simply bring in your company vehicle or equipment and take out a loan against a percentage of its market value. As an example, if your company car is valued at $50,000, you may be able to borrow as much as $30,000 against it.

If you’re suffering a cash flow problem, there’s a very good chance a bank would deny you a Business Loan or Personal Loan. This won’t help you dig your enterprise out of a financial ditch and get things moving forward again. Even if a bank did consider you for a loan, you would likely spend weeks gathering and submitting paperwork, and possibly wait a month for the verdict. During that time your business could suffer.

On the other hand, with a Business Pawn Loan, quick approval is the name of the game. You can even have the money in your nominated account on the same day in most cases. There are no credit checks necessary as you are putting up collateral against the loan, so if your credit history isn’t great, it’s not a problem. The no credit checks policy also speeds up the application and approval process considerably.

Different lenders will offer different terms, but generally, you’ll get somewhere up to 3 months to repay your loan, after which you’ll have your company vehicle or equipment returned to you. 

So long as you have an item of value, the process of securing a Business Pawn Loan is very simple and incredibly fast.

Other Ways To Solve Your Cash Flow Dilemma

While a Business Pawn Loan is one of the quickest ways to boost your business cash flow, there are alternatives.

The obvious would be to approach one of the major banks for a Business Loan, line of credit, or even a business credit card. Just be aware that even if you are eligible for finance, chances are the interest rates may be higher overall than what you would pay on a Pawn Loan.

Another possible option is to find an investor; someone who’ll put money into your business for a share of the profits. This investor could be a hands-off silent partner or an active participant in your business. It’ll be up to you to decide which scenario you prefer. Giving up a percentage of your business is not always desirable, but if an investor brings both money and skills to the table, it could be the best business move you’ll ever make.

Options are always available if you look for them and one such option is to reduce unnecessary spending to improve your cash flow. All businesses will leak money in areas that are not essential. The trick is to find those areas, plug the leaks, and see your spendable cash increase. An effective method of achieving this is to simply make a list of everything your business spends money on, then take the time to work out where spending can be cut without hampering business processes.

An emergency savings account is yet another way to avoid encountering cash flow problems in the first place. The fund should be reserved purely for business emergencies and replenished as soon as cash flow improves.

The Takeaway

When you have a business you have options when it comes to increasing or adding to your cash flow. If you find yourself stuck but have business assets such as a company vehicle, then a Business Pawn Loan will likely be the fastest, easiest, and most cost-effective solution to your cash flow.

Get in touch with the friendly staff at Cashify and learn how we can help with your business cash flow.

5 Things to Consider Before Applying for a Pawn Loan

By | Pawn Loan

Sometimes you need money fast but your current circumstances mean you’re not eligible to apply for a loan with one of the banks. Or maybe your chances of getting a loan application approved are slim? If you’re in this position due to debt, unemployment or a poor credit score, you’ll need to search for other finance options.

You could try and borrow money from someone you know, or you could go for a Pawn Loan from an independent Pawn Loan provider. Before applying for a Pawn Loan, there are some things you’ll first want to consider, so let’s take a look at them.

#1 – Why Choose a Pawn Loan?

The beauty of a Pawn Loan is that your current employment situation and credit history do not factor into the criteria. Another huge advantage is that they can be borrowed against your business assets, like a company car, van, truck or ute. 

This is a secured loan. The chances of having your loan application approved are high, provided the vehicle or other item you leave with the lender is in excellent condition and of sufficient value to cover the amount you wish to borrow.

#2 – The Kind of Collateral You’ll Require

A Pawn Loan is a secured type of loan. In other words, you need to offer up an item of value as security to be considered for the loan. Pawn Loans can range from around $2,000 up to $500,000. Understandably, to secure finance in this range you’ll need something more valuable than a $500 TV or golf clubs as collateral.

Here’s a quick list of some items you can use to secure a Pawn Loan:

  • Your car
  • A motorbike
  • A boat or jet-ski 
  • A caravan
  • Expensive jewellery including a luxury watch
  • Business vehicle
  • A truck
  • And more…

#3 – Understand the Terms of the Pawn Loan

Just like any form of finance, there will be interest to pay on the loan and a specified period in which the total loan amount (including interest and fees) needs to be paid in full. The terms of lenders will vary a little, so before you decide which is the best Pawn Loan firm for you, make sure you understand exactly what you’re signing up for.

Some questions to answer are:

  • Is there a loan establishment fee?
  • How much is the interest?
  • How long do I get to repay the loan?
  • What happens if I can’t repay the loan in time?

#4 – You Could Lose Your Asset if You Don’t Repay the Loan

This point is something to keep firmly in mind before applying for a Pawn Loan. In essence, when you pursue this type of loan, you’re agreeing to receive money in exchange for your asset. If you fail to repay the loan, the lender has the right to keep your asset and sell it to recoup their lost funds.

Pawn Loans are a fantastic option but just be aware of potential risks before committing yourself. If you don’t have the means to pay back a Pawn Loan in the allotted time frame, then you probably shouldn’t risk an asset on this type of loan.

#5 – Choose the Right Lender

You’re probably asking yourself, where can I get a Pawn Loan in Sydney?

The simple answer is there are quite a few lenders in Sydney that offer Pawn Loans with very reasonable terms. A search online for Pawn Loan providers in Sydney will produce some options. Note that pawn loans of this nature are only available in Sydney. If you’re not located in Sydney, you’ll need to apply for a personal loan from a private lender.

Always go with a company that has a good track record and some positive testimonials.

Whatever you decide to do, keep in mind the points mentioned in this article and only apply for a Pawn Loan if it’s the right fit for you and your circumstances. Visit Cashify today to find out more about Pawn Loans. 

How Private Lenders Are Helping Everyday Australians

By | Pawn Loan

The big banks have a habit of saying no when the average Australian wants to borrow money, get a credit card or increase their credit limit.

Fortunately, there are alternatives to the traditional banking system, private lenders who have their doors open to people seeking finance. 

In this post, we’ll discover just how these private lenders are helping everyday Australians with their cash flow, as well as covering what finance options are available for you to take advantage of at any time.

Why Choose a Private Lender?

As mentioned, private lenders don’t go through the same lending/non-lending phases the banks seem to circulate through. Private lenders often offer options that you just can’t get with a bank. Some examples are:

  • Same Day Loans
  • Small Cash Loans
  • Pawn Loans
  • And more…

Another important point to note in some cases, private lenders can be more lenient when it comes to your employment status and credit history. There is generally a lot less paperwork involved in applying for finance through a private lender compared to the banking sector as well, which saves both time and headaches.

When it comes to the private lending industry, quite often the process is so fast that you’ll have the money in your nominated bank account within an hour or the next day after you sign your contract. This is a huge advantage of many private lenders if you’re faced with an urgent situation that simply can’t wait weeks to be resolved.

There are also a great range of options available when you obtain finance through a private lender. Not everyone wants to borrow a minimum of $5,000 for a Personal Loan (the usual limit the banks have). Sometimes $500 or $1,000 is all you need to see you through. Well, you have that option with private lenders and on the other side of the coin, you also can borrow as high as $500,000, or sometimes even more.

As you are starting to see, when you decide to go through a private lender, there is much more flexibility involved when it comes to all of your options. You are also far more likely to be approved for the finance you seek.

How To Choose the Right Private Lender

Although the private sector is often a better bet than the banking system, you still need to be diligent and choose the right private lender. Australia hosts many reputable private lenders, but not all are the same when it comes to the types of finance they offer, the amount of money they’ll lend, or the criteria involved in securing the finance you desire.

You’ll want to choose a company that has a proven track record that’s positive. You can research this by studying the websites of the lenders you’re interested in, as well as doing online research and searching for independent reviews and testimonials of the company.

Another key thing to look out for is companies that are 100% Australian owned and operated. Not only will you be helping to keep the money in the Australian economy, but you’ll also find dealing with an Australian company is far more convenient if you have any questions or issues to resolve.

Also, take note of the company’s contact details. Is there a phone number and a street address? You want to be able to speak with a real person when you need to.

No matter what your current circumstances are, whether you’re employed or not, one type of loan you can apply for is a Pawn Loan. Let’s take a much closer look at this unique type of finance option.

What Are Pawn Loans and How Do They Work?

If you’re wondering where to get a Pawn Loan, you generally have two options:

  1. Go to a pawnbroker for a really small loan
  2. Apply for a more substantial Pawn Loan through a private lender

Most people are aware of what a pawn shop or pawnbroker does. You take in an item of value that you leave with them and secure a loan against that item. This is a Pawn Loan on a small scale, where people might only be looking for $50, $100, and so on. However, if you need a more substantial loan, you’ll want to contact a lender in the private sector.

With these lenders there are different types of Pawn Loans. Businesses can use company vehicles and equipment as security, while individuals can offer their car, boat or other items of value as collateral.

Just like with the pawnbroker scenario, you’ll need to leave an item of value with the lender, which will be returned to you once the borrowed amount has been paid back in full, including any interest and fees.

Generally speaking, private lenders will allow you to borrow anywhere from around $2,000 right up to half a million dollars. Of course, the item you leave for security against the loan will need to be of sufficient market value to cover the borrowed amount. Normally you can borrow up to about 60% of the market value, so if you left your car with the lender and it’s valued at $10,000, you could borrow up to $6,000 against it.

Businesses often have the scope to borrow much higher amounts and you can borrow against the value of company vehicles and even business equipment. Business Pawn Loans can be an extremely handy option when you require an instant chunk of cash to expand your business or fulfil on the promise of a lucrative deal you’ve just negotiated.

Examples of items you can bring in to secure a Pawn Loan include:

  • Your car
  • A truck
  • Other motor vehicles
  • Boat
  • Caravan
  • Business vehicles
  • Business equipment
  • Jewellery
  • Luxury watches
  • Other valuables
  • And more…

The Pawn Loan Application Procedure

If you’re wondering how to apply for a Pawn Loan in Australia, you’ll be happy to know that the process is very easy and quite fast. That’s the beauty of dealing with private lenders.

A Pawn Loan isn’t something that can simply be applied for online like a Personal Loan. You have to deliver an item of value to the lender’s premises. That item will then be assessed for its market value and condition, after which the amount you are eligible to borrow can be negotiated.

Always keep in mind that there will be an establishment fee and interest to pay, so you’ll need to factor this into your financial plan to repay the Pawn Loan in full during the allotted time; which is generally anywhere up to 3 months.

Pawn Loans are short-term loans and not loans that you can pay back over several years. You won’t want your car or another item of value tied up long-term anyway, so it’s far better with loans being short-term.

Once your application has been completed, if it’s approved by mid-afternoon – say by 3pm – you will almost always have the cash in your nominated bank account by the end of that business day. This is one of the competitive advantages private lenders have over the banks, and one of the reasons larger scale Pawn Loans are so popular in modern times.

For further clarification on what is the procedure of a Pawn Loan, it’s best to study the website of the lender and ask questions if you don’t fully understand something. Don’t be afraid to seek as much clarification as you need. After all, you’re entering into a financial arrangement and you need to fully comprehend the details of that arrangement.

No Job, Poor Credit Rating – No Problem

If you were to approach most other financial institutions for a loan of some sort you would need to be able to prove your employment and income. You would also then be subject to credit checks to see what your credit history looks like. If your employment or income look unreliable and your credit check doesn’t look promising, chances are high your loan application will be denied with a big red stamp to confirm the outcome.

With a Pawn Loan, you are leaving behind an item of value. Therefore, it doesn’t matter what your employment status is or whether you don’t have a perfect credit score. Your credit history won’t even get checked at all.

Not only does this all add up to a probable approval for your loan application, but it also speeds up the entire process, allowing you to have the money you need in rapid time. 

This is yet another way private lenders are helping everyday Australians.

Lending Criteria For Pawn Loans

You’re likely wondering what the lending criteria are to get a Pawn Loan from a private lender. In this area, there is some similarity to the banks, minus the need for credit and employment/finance checks. The criteria are very basic and expected. For easy reference, let’s list the usual criteria you’ll come across in the private lending sector:

  • An item of value to secure the loan, such as – car, motorbike, boat, etc.
  • Vehicles must be less than 10 years old and also have less than 150,000km on them
  • Item/vehicle must be left on the premises to secure the loan
  • For vehicles, registration papers must be presented
  • Applicant must be over 18 years of age and 100 point ID check completed

That’s the basic lending criteria, but be sure to check with your particular lender as things can vary.

The process of applying for and securing a Pawn Loan is incredibly easy. It’s designed to be a fast, no-stress procedure that doesn’t tie up your time, or have you running around, madly trying to find mountains of documentation.

Other Lending Options You Can Apply For

Pawn Loans are not the only option for finance available through private lenders. If you don’t have an item of significant value to put up as security for a Pawn Loan, you can always apply for a Personal Loan.

With Personal Loans, you can usually borrow anywhere from $500 up to $15,000. Credit checks will generally apply as these are unsecured loans and you’ll also need to be able to verify that you have at the very least, contract or part-time employment.

As with Pawn Loans, Personal Loans, fast cash loans, and same day loans are all processed extremely fast when you borrow from a private lender. More often than not you can be approved and have the money in your account on the same day. This gives you genuine peace of mind, especially if you are confronted with an emergency where you need cash quickly to resolve a situation.

If you plan to do some renovations or improvements to your home, some private lenders also offer you Mortgage or Caveat Loans, where you can borrow just enough to cover the costs of remodelling. Generally, these loans range from around $5,000 right up to $100,000.

The Wrap

By now you’ll fully understand just how private lenders are helping out Australians when it comes to their finances. It doesn’t matter whether you are faced with an emergency, need money to expand your business, or simply want some cash flow on hand for a myriad of other purposes. There will be a finance option that suits your needs.

The expert team at Cashify is here to help, so get in touch today to discuss your finance options.

Can I Get an Emergency Loan With Bad Credit?

By | Pawn Loan

An emergency is not a situation you expect or can even really plan for. Something unexpected can happen to anyone at any time. More often than not, you’ll need money to cope with and navigate the emergency. If you don’t have the money on hand you’ll very likely need an Emergency Loan from some source.

If you are employed and have a good credit history, getting finance probably won’t present a problem, but what if you have a bad credit rating? You’ll be asking yourself, ‘Can I get an Emergency Loan with bad credit?’

The good news is, you can!

A Pawn Loan is an Answer

If you’re not entirely sure what a Pawn Loan is, don’t worry. Instead of having to satisfy the endless criteria the banks require when you apply for finance, other lenders that specialise in fast loans and Pawn Loans have criteria that are different from traditional lenders.

To obtain a Pawn Loan, you simply put up an item of value as collateral. You borrow money against this item, pay the loan back with interest, then have your item returned to you in its original condition. It’s one of the quickest and best Emergency Cash Loans Australia has to offer.

Items of value include vehicles, valuables such as jewellery and designer watches, even business vehicles can be used. Pawn Loans can range from the low thousands into the hundreds of thousands of dollars. It depends on how much money you require and the value of the item you put up for collateral.

A Poor Credit History is Not an Issue

As you are putting up an item of value as security against the money you borrow, credit checks are not necessary. It doesn’t play a part in a Pawn Loan if your credit history is less than exemplary.

When you need Emergency Cash Loans with no credit checks, Australia has several financiers who specialise in Pawn Loans where your credit history is not considered.

If you were to go into a bank to apply for a loan when you have a bad credit score, there’s a good chance your application for finance will be declined, even for a secured Personal Loan. You don’t encounter that problem when applying for a Pawn Loan and that’s the real advantage of this type of loan.

Some people won’t even contemplate trying to get a loan when they know their credit score isn’t good, even in an emergency. That’s why you need to be aware that, no matter what your circumstances, there are options available to you to find the money you need to help you out.

How Easy is it to Apply for a Pawn Loan?

It’s very easy. As we’ve already established, you don’t need to worry about your credit history. You don’t even need proof of employment to apply for a Pawn Loan. You’re putting up something of value to act as security and a promise to repay the loan, so your credit and employment history is nowhere near as critical as it is with unsecured loans from a bank.

You will need to be able to prove your identity, which usually requires two or more government-issued documents that total at least 100 points. This is standard for any form of finance.

If you’re using your car as collateral, most lenders will expect it to be less than 10 years old and be under 150,000km. You cannot have finance still owing on the vehicle and vehicle registration papers must be presented. The car will be left in the hands of the lender until you pay off your loan in full.

The procedure will vary a little depending on what it is you’re using to secure your Pawn Loan.

The Takeaway

Having bad credit doesn’t mean you can’t get your hands on an Emergency Cash Loan. If you need cash for an emergency immediately, Australia has lenders ready and willing to offer you the money you need today, in the form of a Pawn Loan. All you need is something of value to offset the loan and you’ll have the money in your account either the same day or the very next day.

A Pawn Loan is a very handy finance option to have at your disposal. Visit Cashify today to find out more about Pawn Loans. 

How To Get a Pawn Loan Without a Job?

By | Pawn Loan

Getting a loan without a job can be frustrating and seemingly impossible. There is an expectation from most lenders that require you to have a regular salary in order for you to be a suitable candidate for a loan. 

But it is important to know that even If you don’t have a job, there are other options than the banks when it comes to obtaining a loan. Many independent lenders offer small cash loans, fast cash loans and even Pawn Loans. In this blog, we’ll take a closer look at Pawn Loans and show you how to get a loan without a job.

What is a Pawn Loan?

We’ve all heard of pawnbrokers, where you can take in your TV, guitar or just about anything that has resale value and get a small loan against the item. Pawn Loans from independent lenders work on the same principle but on a grander scale. In fact, Pawn Loans are often anywhere from $2,000 right up to $500,000.

Here are some items that you can get a loan against:

  • Car
  • Motorbike
  • Boat
  • Other vehicles
  • Valuables such as jewellery or a luxury watch
  • And more…

Some entities even allow you to borrow money against a business asset. So long as you own outright an item of value to leave with the lender until you pay back your loan, you can get a Pawn Loan.

If you’ve been wondering how to get approved for a loan with no job, a Pawn Loan is one of the very best options available.

No Employment Check Necessary

With traditional loans, you not only have to prove your identity, you also have to be able to prove an income. This means bank statements and payslips if you earn a regular wage or, if self-employed or in business, also provide reams of paperwork from your accountant. If you’re out of work, there are fewer options available when it comes to the traditional banking sector.

With a Pawn Loan, so long as you own something of value, you can borrow money instantly even if you’ve been unemployed for a length of time. The assurance you’ll repay the debt is the item you leave with the lender. Let’s say you get a Pawn Loan against the value of your car for $5,000. Once the loan has been repaid in full, your car is returned to you in the condition it was when you took out the loan.

A Pawn Loan is Perfect when Life Throws You a Curveball

No one can predict the future, and sometimes things crop up that you have no control over. These situations can be extremely stressful if you’re out of work, so it’s reassuring having the option of emergency loans with no job available.

You might find yourself faced with a bill you weren’t expecting, or it could be some sort of medical emergency. A fast cash loan in the form of a Pawn Loan will be enough to get you out of a tight spot and back on your feet again. It’s all about having the necessary cash flow to get on top of a situation.

Peace of mind about finances when you’re out of a job is not easy, but knowing Pawn Cash Loans are available without the need of proving your employment, sure helps keep the stress levels down.

No Credit Checks are Required

When seeking finance, being out of work is just one hurdle. The other can be credit checks when you don’t have a perfect credit score.

Once again, this doesn’t present a problem when you apply for a Pawn Loan from an independent lender. No credit checks are necessary and none are performed. You put up your vehicle or another item of value as collateral and you’re good to go. You’ll also very likely get the cash the same day if you apply early.

The Wrap

If you’re out of work and need money fast, you do have options available to you in the form of a Pawn Loan from a reputable lender. Application is easy, fast and hassle-free and there’s no need to prove you have an income or show recent payslips.

So long as you have an item of significant value – such as a vehicle or valuables – to lend against, you’re almost certain to secure a Pawn Loan.

Luxury Car Pawn Loan Even With Bad Credit

By | Pawn Loan

We are often told that if you have a bad credit history, it makes it almost impossible to be approved for a loan. While it is true that traditional loan providers such as banks review your credit history with every loan application, not every type of loan requires a credit check. If you have a luxury car at home, you can unlock its value with a Pawn Loan!

A Pawn Loan against your car, or another valuable vehicle, is a great option for anyone who has a bad credit history. A Car Pawn Loan is pretty straightforward, simply use your car as security for quick cash.

So, let’s see how luxury Car Pawn Loans work.

Luxury Car Pawn Loans

Luxury Car Pawn Loans involve you taking out a loan against your vehicle. It’s a same-day loan that has a varied cash range of $2,000 to $500,000 depending on the market value of your car. As you are leaving your car as security, Car Pawn Loans require no credit checks or employment checks before lending you the agreed amount.

What’s more is that Car Pawn Loans have an easy application process. You simply have to bring your ID, registration papers and the vehicle you plan on putting as security against your loan. If you are on the lookout for places to pawn your car, Sydney is the best place to go to for one! Cashify offers you a fantastic opportunity to get cash in your account within hours. Simply leave your car as security with Cashify for the duration of the loan and they’ll will give you the quick cash you need!

Eligibility Criteria

If you are wondering whether you are eligible for a Car Pawn Loan with Cashify or not, check out the eligibility criteria:
1. This one’s pretty obvious, but you must have a valuable luxury car, with no finance owing against it
2. You must agree to leave your vehicle as security with Cashify in thier Sydney secure holidays until your loan is repaid in full
3. You must present your car’s registration papers

That’s it! This is all you need for a Car Pawn Loan. Your credit history will not be reviewed, no embarrassing employment checks will be performed and very minimal paperwork will be carried out. So if you want fast cash in your account free of any hassle that comes with traditional loans, try a Cashify Car Pawn Loan.

How Does It Work?

Well, to take out a Car Pawn Loan with Cashify, firstly you simply need to fill out the online form for a free valuation. Next, you have to bring your vehicle along with ID and the car’s registration papers to the Canterbury office in Sydney. Our team will quickly inspect your vehicle and make a cash offer based on your car’s market value. You will have to leave your car as security with Cashify and the cash will be transferred into your account within minutes! Once you have repaid your loan, your vehicle will be ready for collection cleaned and in mint condition.

Cashify offers amazing same-day Pawn Loans at incredible rates. Depending on the value of your car, we can give you same-day cash from $2,000 up to $500,000! To learn more about Cashify’s Car Pawn Loan service, click here.