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Pawn Loan

All You Need To Know About Getting a Car Pawn Loan

By | Pawn Loan

At some stage in life, most Australians will need to take out finance to cover an emergency, buy a car, go on a holiday and a whole host of other reasons.

Australia has many lenders offering a variety of loans and finance solutions to cover every need. If you’re not looking to buy a home, apply for a credit card or sign up for a Personal Loan, you might find that a Pawn Loan from a private lender is more appealing and suits your needs better.

In this article, we’ll take a closer look at the Car Pawn Loan, what it is, why you would want one and where you can get one.

What Is a Car Pawn Loan?

A Car Pawn Loan is a form of finance where you put up your car as security against the loan. Because you’re leaving your vehicle with the lender, there is far less risk for them to loan you money. You borrow a certain amount based on the value of your car and when you repay the loan in full, your car is returned to you in the same condition that you left it.

To safeguard the lender, if you fail to repay your Pawn Loan, the lender will then have the right to keep your car and sell it to retrieve the borrowed funds.

It’s an easy, no-fuss type of loan that virtually anyone with a car can access and because Pawn Loans are secured finance, there is a far greater chance of loan approval.

How Much Can I Borrow?

With a Car Pawn Loan you can borrow anywhere from $2,000 up to $500,000 depending on your vehicle, its value and providing there is no finance owing on it. Vehicle Pawn Loans offer one of the most diverse and generous borrowing ranges of any loan type.
Let’s look at the way your borrowing power is worked out.

First, your vehicle will undergo an evaluation to determine its current market value. Then, as a general rule, you’ll be offered a loan of up to 60% of that market value. As a simple example, if your car is deemed to be worth $100K, you can get a Pawn Loan against it to the maximum value of $60K.

You may not need or want that much, but you’ll have the option of borrowing anywhere from $2,000 up to $60,000 in this example. Keep in mind that the less you borrow, the easier it’ll be to repay the loan.

How Can I Apply for a Car Pawn Loan?

The first step is to bring your car down to the lender’s premises so a staff member can take a look at it and determine its current market value. Once that’s been established a loan amount can be negotiated based on the value of your car.

Some criteria that needs to be noted before applying for a Car Pawn Loan:

  • Your vehicle needs to be less than 10 years old and have no more than 150,000km on it
  • There cannot be any finance still owing on the car
  • You need to be able to produce the registration papers of your vehicle
  • Provide enough identification to total at least 100 points of ID
  • You must agree to leave your car with the lender until you’ve repaid the loan in full. Then it will be returned to you

If you meet all the criteria and you and the lender have agreed on a loan amount, then a contract can be signed and you’ll likely receive your money in your account on that same day. At the latest, it’ll be the next business day.

If you have any questions, just talk to the lender first so you fully understand the requirements and how it works.

What If I Have Bad Credit?

One of the key reasons you might be considering a Pawn Loan instead of applying for a Personal Loan is because you either have a bad credit record or no credit history at all.
With most forms of finance, your application will undergo a credit history check to see whether it’ll be a risk lending money to you. If your credit score is poor, there’s a high chance your application for finance will be declined.

It’s a different scenario when you approach a private lender for a Car Pawn Loan. As has already been mentioned, because you’re leaving your car as collateral in their possession, there is far less risk attached to the loan. Therefore, it’s not necessary to perform any credit checks that could make or break the decision on your loan.

It’s about having the peace of mind that you can get the money you need no matter what your credit history says.

Can I Get a Car Pawn Loan Without a Job?

The simple answer is, yes.

And for the same reasons you don’t need a perfect credit score to be approved for a Pawn Loan. Your vehicle is security against the loan.

Having said that, if you are out of work and you do decide to get a loan against the value of your car, if you want your car back, you’ll need to have a plan as to how you’re going to repay the debt on time so you don’t lose your car.

After all, there’s no point getting the loan if you don’t have the means to repay it, so it’s wise to have a plan first.

Where Can I Get Car Pawn Loans?

If you are looking for Car Pawn Loans in Sydney, look no further than Cashify. We are your local lending specialists for Car Pawn Loans and other Pawn Loans and instant cash Personal Loans. Cashify offers transparent and very competitive rates, along with fast service to ensure you get the cash you need, when you need it.

Give us a call today on 1300 933 053 and talk to us about how a Car Pawn Loan can help you.

Disclaimer: Please note this content is of general nature only and does not take into account your personal objectives, financial situations or needs. For advice tailored to your financial situation, it is advised that you seek guidance from an accountant or financial advisor. The information contained in this article is correct at the date of publication.

5 Things You Need To Know About An Instant Cash Loan

By | Pawn Loan, Personal Loan

Australia offers many options when it comes to finance. Between the banks, private lenders and other financial institutions, you can borrow money for just about any purpose. On top of that are all the credit card options, bridging loans, line of credit and more.

One popular type of loan offered by the private lending sector is what’s often referred to as an ‘instant cash loan’. Many private finance providers specialise in this type of loan and use it as a competitive advantage against the other lenders in the industry. It’s just one of a number of advantages private lenders offer.

Let’s take a closer look at instant cash loans and what makes them so appealing to Australian borrowers.

#1 – It’s All About Speed

If a loan is going to be dubbed an ‘instant’ cash loan, then the lender is obligated to live up to that. Private lenders focus on providing fast and efficient financial services. The processes are so streamlined that when you apply for one of these Personal Loans, your application is processed quickly and once approved and a contract signed, you’ll usually have the funds in your account that same business day.

#2 – Small Loans, No Problem

One problem with borrowing from a bank is the minimum lending limits they set for Personal Loans. On average you have to borrow at least $5,000. That’s all well and good if you need that much, but what if you only want $1,000?

That’s where an instant cash loan comes into its own and offers yet another advantage. Generally, the borrowing range for this type of private lender loan is anywhere from $500 up to $25,000. This is the perfect solution for anyone needing a small loan who doesn’t want to be committed to repaying finance for years to come.

#3 – Unsecured Loans

So long as you earn an income and can prove your identity, you don’t need to offer any sort of security or collateral to apply for an instant cash loan through a private lender. You don’t need to own property or a late-model car to be approved for a personal fast cash loan.

Having said that, if you have a poor credit score or you’re out of work, some private lenders offer Pawn Loans, where you can leave your car, motorbike, boat and so on as security against the loan until you repay it. It’s just another option for finance in quick time.

#4 – The Application Process Is Easy

The really convenient thing about these loans is you can do the entire application online and this includes uploading supporting documentation. You can apply any time of the day or night from the comfort of home or wherever you happen to be.

The application forms are to the point, so you won’t spend an hour filling it out. In fact, you’ll likely have it completed within 5-10 minutes. Once submitted, it’ll be processed quickly and a decision made in no time. No more waiting around for days or weeks in limbo, wondering whether you’ll get the loan you need or not.

The application process for a Pawn Loan is different. Although you can start the loan process, Pawn Loans can’t be fully completed online. To apply for a Car Pawn Loan, for example, you need to bring it into the lender’s premises so they can inspect it. A loan amount will then be negotiated based on the current market value of your car.

#5 – Transparent and Simple Terms

One positive fact you’ll discover about many private lenders is they are very transparent on their website about terms, fees, interest rates and so on. There’s no guesswork involved in understanding what you’ll be signing up for if you take out a loan. You also won’t have to read through pages and pages of some detailed PDF searching for hidden fees and charges. Just peruse their website and you’ll find a trusted private lender will have it all laid out clearly.

If you are unsure about anything regarding the terms and conditions of an instant cash loan, send an email or make a phone call to clarify anything you don’t understand before applying for finance.

Instant Cash Loans With Cashify

If you’re looking for a loan firm in Australia that approves applications fast and offers very fair terms and conditions, then give the team at Cashify a call first. We specialise in instant cash loans including Personal Loans and Pawn Loans, so make us your number one choice for rapid finance. Talk to one of our friendly staff today.

Disclaimer: Please note this content is of general nature only and does not take into account your personal objectives, financial situations or needs. For advice tailored to your financial situation, it is advised that you seek guidance from an accountant or financial advisor. The information contained in this article is correct at the date of publication.

Can I Borrow Money Against My Motorbike?

By | Pawn Loan

There are times in life where you simply have to borrow money. It could be to cover an emergency, to buy something you want or you simply need money to pay for something now and you don’t have enough cash on hand.

If you need to get a loan and the amount is not too high, the easiest solution could be to ask a friend or family member if they can front you the money. If that’s not an option there are always the banks, but then you have to deal with extensive application forms, piles of supporting documentation and sometimes long waiting periods to get a decision. A bank will also want your employment details and to do a check on your credit history too.

Another option is to get a Pawn Loan. If you own a motorcycle you can get a Bike Pawn Loan and have the money you require almost instantly.

What Is a Bike Pawn Loan?

Pawn Loans are secured loans offered by private lenders. While similar to the type of loan you get in a pawnshop but on a grander scale, private lender Pawn Loans will fetch you larger sums of money due to the fact that you’ll leave a vehicle or some other item of significant value as collateral. In relevance to this post, it would be a motorbike that you ‘pawn’ in order to secure the loan you need.

The Bike Pawn Loan Process

Let’s say you decide to skip the Personal Loan process with the banks and seek out a private lender that offers Bike Pawn Loans. This is how the process basically works in a nutshell.

You find a private lender and take your motorcycle into their premises and tell them you want to get a Pawn Loan on your bike. One of the staff members will conduct an evaluation of your bike to determine its approximate current market value. Once that’s been established, usually you can borrow up to 60% of the market value. How much you borrow depends on you. You can take the full amount offered or less.

If your motorbike is determined to be worth $20,000, that means you can borrow a maximum of $12K against it. Whatever amount you agree on up to the $12K, you do some paperwork, provide the bike’s registration papers, prove your identification and then sign the contract. Your bike will remain in the safe possession of the lender until you repay the Pawn Loan in full. Once you do, your motorcycle will be ready for collection in pristine condition.

The Advantages of a Bike Pawn Loan

There are a number of positives associated with Pawn Loans. One is that there are no credit checks, so it doesn’t matter if you have bad credit or no credit record at all. This is because it’s a secured loan. The lender has your bike until you repay the loan and interest in full. If you don’t, the lender sells your motorbike to recoup their funds.

Another thing you don’t have to be concerned about is your employment situation, or trying to prove how much money you earn each week or month. It doesn’t factor into the equation when you get a Pawn Loan.

Bike Pawn Loans don’t involve mountains of paperwork and if you bring your bike to the office early enough in the day, the process is so fast that you’ll have the money you need deposited into your bank account instantly.

Speed, efficiency and no fuss is what these types of loans are all about. The process is much easier than applying for bank loans or other forms of finance.

Where Can I Get a Bike Pawn Loan?

If you are looking for Bike Pawn Loans Sydney, get in touch with the friendly team at Cashify. We are Sydney’s leading lending specialists when it comes to Pawn Loans for motorcycles, cars, trucks, business equipment, expensive jewellery, designer watches and more.

As a private lender, we pride ourselves on providing quality service, as well as processing and approving loan applications in quick time. If you need money in a hurry, see Cashify first for a Bike Pawn Loan or a Personal Loan today.

Disclaimer: Please note this content is of general nature only and does not take into account your personal objectives, financial situations or needs. For advice tailored to your financial situation, it is advised that you seek guidance from an accountant or financial advisor. The information contained in this article is correct at the date of publication.

Your Guide To Applying For a Fast Cash Loan With a Private Lender

By | Pawn Loan, Personal Loan

When people think of applying for a loan to finance a holiday, a wedding, a car, debt consolidation or any number of purposes, their first thought is to approach one of the big banks. However, banks are not the only option when it comes to personal finance. Private lenders also offer fast cash loans at competitive rates and terms.

In this post, we’ll take a look at Personal Loans, as well as a Pawn Loan option, and the general procedure and advantages of applying for these types of loans with a private lender.

What Can You Use a Personal Loan From a Private Lender For?

While on the surface it sounds like you can borrow money via a Personal Loan and use it for anything you like. While this is “somewhat” true, lenders will always ask you what you want the money for, what the majority of the loan will be spent on. However, this list will vary from lender to lender, whether they are a bank or a company in the private lending sector.

If you want a Personal Loan for a specific purpose and you’re unsure whether it fits the lender’s criteria, just ask them. That way there will be no confusion about what you can use the money for.

The Online Procedure To Apply For Loans

Just about every lender in Australia will allow you to apply for a Personal Loan online and it’s the same with most private lenders as well. This makes the application process super convenient as you don’t have to travel anywhere to do it, or physically fill out forms. You simply follow the series of questions asked in the online application and upload any requested documents.

The important point to note about the application process for Personal Loans with private lenders, compared to banks, is there tends to be fewer questions to answer, making the application quicker and easier to complete.

Private lenders are all about speed and this is one area where they deliver on that.

How Much Money Can You Borrow?

Once more, this varies according to who you apply with. Banks tend to offer larger sums of money when it comes to Personal Loans, but they also tend to have much higher minimum loan amounts.

Private lenders offer smaller Personal Loans when it comes to the standard type of Personal Loan, but the advantage is you can borrow amounts in the $100s instead of the $1,000s, if that’s all you need. For a standard loan, the maximum will usually be in the $5K to $25K range.

The first thing you really need to figure out is how much money you need and how long you need to pay back the loan. Once that’s nailed down, then you’ll know whether a private lender Personal Loan is the right fit for you.

What Documents Are Required When You Apply?

Again, this can vary between lenders, but let’s try and answer that question in a general sense.

There isn’t a lot of documentation required, but the standard documents for a Personal Loan include:

  • ID, such as driver’s licence, passport, birth certificate, utility bills in your name
  • Proof of income, as in payslips from employers or documentation from your accountant that proves how much you earn as a sole trader or from your business
  • Your bank details

This is the kind of basic documentation you would need to have regardless of which lender you deal with. Depending on your circumstances, further documents might be required, but generally the process with private lenders is very straightforward.

Private Lender Personal Loans Are Fast Cash Loans

It was mentioned earlier in the article that the private lending sector focuses a lot of attention on providing very responsive services. Speed is one of the competitive advantages they have over the banks. If you need your money fast, then a private lender Personal Loan could be the way to go.

Let’s say you have an emergency situation on your hands and need the money within the next day or two to resolve your problem or pay for medical expenses. Banks can simply just take too long to process applications and make a decision.

A private lender, on the other hand, focuses on quick turnaround times, so if you get your loan application in early enough with the required supporting documentation, it could be processed and approved on the same day, with the money deposited in your bank account at the end of the day or the very next business day.

Why You Might Want To Consider a Pawn Loan Instead

There is another option instead of getting a Personal Loan, and that’s to get a Pawn Loan from a private lender that specialises in these types of loans.

With Pawn Loans, you use an item as security against the loan amount. The lender takes possession of that item and gives it back to you once you repay the loan in full.

Pawn Loans with private lenders are on a larger scale and one of the most common items used as collateral for the loan is a motor vehicle. As a guide, you can borrow up to 60% of the vehicle’s current market value and have up to 3 months to repay the loan.

Pawn Loans are handy when you might be out of work temporarily or don’t have a very good credit history, as there are no credit or employment checks. So long as you have a vehicle, an expensive watch, jewellery or even business equipment, it’s a much more straightforward and guaranteed way of getting finance.

A Pawn Loan document checklist includes:

  • You need to provide identification
  • Your vehicle’s registration papers

Pawn Loans are a very fast and hassle-free way of getting your hands on the cash you need, when you need it. So long as you have a vehicle or some other item of significant resale value, you’ll be good to go to get approved for a Pawn Loan.

At Cashify, we offer both Personal Loans and Pawn Loans, so if you’re in the market for finance, give us a call first.

Disclaimer: Please note this content is of general nature only and does not take into account your personal objectives, financial situations or needs. For advice tailored to your financial situation, it is advised that you seek guidance from an accountant or financial advisor. The information contained in this article is correct at the date of publication.

Should You Pawn Your Jet-Ski To Get Quick Cash?

By | Pawn Loan

There can be many reasons why you might need to get your hands on some extra cash quickly, but you don’t have any savings you can dip into. There are also a number of options available to get the money you want and need.

You might be able to lend the cash off a friend or someone else you know. Alternatively, you could go after a Personal Loan from a bank or apply for a credit card or credit limit increase.

If you own a jet-ski, another good option is to pawn your jet-ski to borrow instant cash. Not at a pawnbroker, but through a private lender that offers Pawn Loans.

Let’s take a look at the process to apply for Jet-ski Pawn Loan and the reasons why it can be a really good financing option.

How a Pawn Loan Works

A Pawn Loan with a private lender is on a bigger scale than what you would get at your local pawn shop. Private lenders mostly loan out money when you bring in a vehicle to leave as security. This could be a:

  • Car
  • Motorbike
  • Truck
  • Company vehicles
  • Boat
  • Jet-ski
  • And more…

In the case of a jet-ski, you bring it into the lender’s premises and they’ll have one of their trained staff evaluate it. Generally, you can borrow up to 60% of the current market value of your jet-ski. If it’s worth $10K, you could borrow as much as $6K.

Pawn Loans generally start at $2,000 and can be as high as half a million dollars if you have enough collateral to cover that kind of loan.

When you bring in your jet-ski and have it valued, it’s simply a matter of filling out some paperwork to secure the loan. You’ll need to prove your identification, have the rego papers for your jet-ski (and trailer), and there must not be any finance owing on the jet-ski. Your jet-ski must also be less than 10 years old to be eligible for a Jet-ski Pawn Loan.

It’s a relatively quick process to get a loan this way, which is one of the reasons why Pawn Loans are so popular.

Key Reasons To Get a Jet-Ski Pawn Loan

Do you have a poor credit rating or no credit history at all?

With a Jet-ski Pawn Loan, there will be no credit checks. Not only does this mean you have nothing to worry about on that score, with no time taken to check your credit record, the loan process is that much faster. You’ll also have peace of mind knowing you have finance options available to you even if your credit record isn’t great.

If you’re out of work, working casual hours or self-employed, it can be hard to get a Personal Loan from any lender, bank or otherwise. Pawn Loans are different because they’re a type of secured loan. You’re leaving your jet-ski with the lender as collateral. Once you repay the loan, you get your jet-ski back in pristine condition.

A Pawn Loan for a jet-ski is a short-term financial solution. You won’t have to spend years paying back a long-term loan and accruing heaps of interest in the process.

Always be sure to verify the terms and interest payable on any loan before committing to finance. That way there will be no unexpected surprises. Pawn Loans are a very straightforward kind of finance anyway and the process isn’t as involved as applying for a Personal Loan or Mortgage with a bank.

Pawn Loans are one of the fastest ways to get finance, as there are no drawn-out processes or time taken up by doing checks and constantly being required to submit more paperwork.

Where Can I Get Jet-Ski Pawn Loan In Australia?

Cashify is one of your top choices for Pawn Loans in Australia. If you’re located in Sydney, you can bring your jet-ski into our premises in Canterbury and we’ll do an evaluation to determine its current market value. If your loan application is approved before 3pm on weekdays, you’ll have your cash transferred into your account instantly.

If you have any questions about Jet-ski Pawn Loans or any of our other finance products, just give us a call and chat with our friendly staff.

Disclaimer: Please note this content is of general nature only and does not take into account your personal objectives, financial situations or needs. For advice tailored to your financial situation, it is advised that you seek guidance from an accountant or financial advisor. The information contained in this article is correct at the date of publication.

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.

Disclaimer: Please note this content is of general nature only and does not take into account your personal objectives, financial situations or needs. For advice tailored to your financial situation, it is advised that you seek guidance from an accountant or financial advisor. The information contained in this article is correct at the date of publication.

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.

Disclaimer: Please note this content is of general nature only and does not take into account your personal objectives, financial situations or needs. For advice tailored to your financial situation, it is advised that you seek guidance from an accountant or financial advisor. The information contained in this article is correct at the date of publication.

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.

Disclaimer: Please note this content is of general nature only and does not take into account your personal objectives, financial situations or needs. For advice tailored to your financial situation, it is advised that you seek guidance from an accountant or financial advisor. The information contained in this article is correct at the date of publication.

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.

Disclaimer: Please note this content is of general nature only and does not take into account your personal objectives, financial situations or needs. For advice tailored to your financial situation, it is advised that you seek guidance from an accountant or financial advisor. The information contained in this article is correct at the date of publication.

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.

Disclaimer: Please note this content is of general nature only and does not take into account your personal objectives, financial situations or needs. For advice tailored to your financial situation, it is advised that you seek guidance from an accountant or financial advisor. The information contained in this article is correct at the date of publication.