Terms, Conditions & Exclusions
Cash Supply Pty Ltd (trading as Cashify) is a licensed New South Wales Pawnbrokers and Second-Hand Dealer under the Pawnbrokers and Second-Hand Dealers Act 1996 (License No. 2PS21763). Cashify is NOT a pay day lender.
Cashify offer same-day cash loan approvals if the application is submitted on a weekday before 3pm AEST. This is provided the asset is unencumbered and all necessary documentation is received, including 100 points of ID and the vehicle’s registration papers or proof of ownership.
‘Instant Cash’; ‘Need Cash Today’
Once the Terms of Agreement have been signed, the cash will be transferred into the your bank account on-the-spot. Depending on your personal bank, the funds will be received instantly.
‘Get Up to $500,000’
Cashify provide cash loans ranging from $2,000 up to $500,000 when you pawn an asset. A Cashify finance consultant will evaluate the asset to calculate its market value which will determine how much money you are eligible to borrow.
‘No Credit Checks’
By using an asset as security for the duration of the loan agreement, Cashify do NOT require to check your credit or employment.
Cashify offer flexibility in their loan agreements and can personalise the Terms of Agreement depending on the individual customer’s financial needs. A standard loan term is 3 months, however a customer can pay off the loan earlier without penalty.
‘Leave It With Us As Security’
To be eligible for a pawn loan, the customer must leave their asset with Cashify as security on the loan. The asset will be stored on-site in the Cashify secure holdings for the duration of the agreed loan term. Once the loan has been repaid, the asset is returned to you.
‘Pawn Your Large Possessions’
A pawn loan requires you to offer up an unencumbered asset to use as security for a cash loan.
Assets include vehicles, such as a car, motorbike, boat, jet-ski, truck, caravan and more; or valuables, such as a luxury watch or jewellery.
Annual Percentage Rate
Maximum Monthly Percentage Rate based on the loan terms selected: 25% (APR). Minimum loan contracts are generally between 62 to 90 days. For example, if you borrow $3,000 for a loan term of 62 to 90 days, your total monthly interest repayment will be $750 per month for 3 months; totalling $2,250 total interest repayment.
Identification – 100 Points Required
To begin the loan process, Cashify must verify your identification and you must present a total of 100 points of documents. Different type of identity documents are worth different points. You can use different combinations of documents to make up your 100 points, but you must include at least 1 primary document as part of your 100 points.
Primary Documents – 70 Points
• Birth Certificate
• Citizenship Certificate
• Current Passport
Secondary Documents – 40 Points
• Drivers Licence (with photo)
• Account Statement from an authorised deposit taking institute such as a bank, building society or credit union
• A licence or permit issued by a Commonwealth, State or Territory government agency (e.g boat licence)
• Identification card issued by a Commonwealth, State or Territory Government (e.g Healthcare Card, 18+ Card)
• Identification card issued by a Tertiary institute
Secondary Documents – 35 Points
• Local government land tax or rates notice
• Land Titles Office
• Document from the Credit Reference Association of Australia