Pawnbroker Sydney | Short Term Loan | F A Q | About Our Loans

Q: What are Pawn loans?
A: Loans are based on the value of an asset (Pledge) whereby the asset is retained by the lender, otherwise known as "pawn loans" and provided by Pawnbrokers. Remember, asset remains with us in one of our storage facilities for the term of the loan.

Q: What assets do we lend against?
A: Almost any types of Car Boat Truck Motorbike Jet Ski Horse float Machinery Caravan Tools or item of value.

Q: How fast can I get a Loan on my asset?
A: As little as 15 minutes.

Q: Do I need to be employed?
A: With a pawn loan, no proof of employment or income is required. There are no credit checks, your asset is the security on the loan.

Q: If there is money owing on my asset can you help?
A: Yes, we prefer the asset is to be free of finance or at least minimal amount owing.

Q: What if owner ship papers are in my name and another person's name?
A: In most cases, this is not a problem

Q: What Identification is required?
A: You will need is a valid picture Identification and the ownership (registration papers) to your item.

Q: How long is the loan term?
A: The contract is for 3 Months however you decide how long that you want to borrow the money, you can come and redeem (Pay & pick up) your asset (Pledge) any time in that period. It is like renting money, you only pay for the period that you have borrowed the money.

Q: Is there Interest Charge on the loan?
A: In summary our fees our negotiable and each loan is based on the age type model condition and value of the asset you are borrowing against, however interest if any is calculated monthly and charges if any are set at the time of the agreement and do not vary, there are no hidden fees.

Q: How do I pay?
A: You pay us back when you redeem your asset (pick up) or if you wish we can provide a fixed payment, no hidden fees, direct debit plan.

Q: What happens if I can only afford to pay part of the loan due?
A: Should you be unable to pay back the entire loan amount prior to the 3-month period you may choose to pay only the loan fees (Called an extension), without re-paying any of the principle amount borrowed. This may allow you the extra time that you need.

Q: What happens if I can't afford to pay the loan and redeem the asset?
A: Failure to redeem the asset will result in the assets sale, the balance if any maybe refunded. As a New South Wales Licensed Pawnbroker we operate only within the state of New South Wales and comply with all laws relating to the pawnbroker industry in that state : Click here to link

Pawn broking is exempt under the National Credit Act. Pawn broking is exempt because it is not technically credit or a credit service under the Act. It is covered by State-based pawn broking legislation, and also by the unconscionable conduct and misleading and deceptive provisions of the Australian Securities and Investments Act 2001. Link 1: Click here to link | Link 2: Click here to link