Are you in Australia and are you looking for a personal loan? Loans in Australia are easy to apply. Many financial companies are willing to lend you any purpose. And one of the best financial companies in Australia that we want to introduce to you is Cash Converters with attractive interest rates on Cash Converters personal loans.
As you know, each financial company offers a wide variety of personal loans and each is suitable for each customer. To be able to choose a suitable personal loan, customers need to consider the interest rate, loan term. In addition, you have to consider late penalties or some other fees. Today’s article, Loans Australia will provide the most detailed information about Cash Converters Personal Loans.
CASH CONVERTERS PERSONAL LOANS
Just like a lot of article posts about the personal loans in Australia as well as each type of loans such as personal loans for bad credit, the loan interest rate in Australia, Aussie Personal Loans… this post about the Cash Converters Personal Loans also includes some main parts. They are:
1. Some requirements to apply for the Cash Converters personal loans
Each loan application is evaluated by a representative from Cash Converters establishing your repayment capability. Eligibility criteria are that you are at least 18 years old and reside in Australia, while everything else is assessed on a case-by-case basis.
If you receive a Centrelink payment: You can register if you receive a Centrelink payment, but what you borrow may be limited to your payment in any period not exceeding 25% of your total income. This includes refunds for other lenders and new loans you are signing up from Cash Converters.
If you are in a Loan Agreement Part 9: You are not eligible for a CashConverters Personal Loan. However, if you have been successfully discharged from the Debt Agreement Part 9, you can register.
If you are not an Australian resident: You can register this product if you are a resident or Visa holder of 457.
If you have bad credit: The cash converter will look at your current financial situation when you apply but is often softer than banks when it comes to bad credit. If they see you will be able to manage your loan, your application will be reviewed.
If you are an ordinary employee: You need to earn at least $ 300 per week to be assessed, but you can still apply for a Cash Converters loan.
You can register for a Personal Loan of Cash Converters in cash at the store or get online loans. Applying is easy and the form should not take more than five minutes. To qualify, you need to be over 18 years old and reside in Australia. The following are available to complete your application:
- The bank account history in the last 90 days where the earnings were deposited
- A copy of the Medicare card
- Customers will need a current income statement if customers receive Centrelink payments
2. The interest rate and fees of the Cash Converters personal loans
- Minimum Loan Amount: $400
- Maximum Loan Amount: $2,000
- Arrears Fee: $33
- Loan Term: up to 12 months
- Turnaround time: Within 48 hours
- Costs: 20% establishment fee + 4% monthly fee
For example, if you receive a $ 2,000 loan with:
- A 3-month term
- APR of 12.99%
- Establishment fee: $400 + 4% monthly fee: 80$
- There will be a mandatory monthly payment of $826.67
- During the life of the loan, your payments will total $2,480.
3. Some types of Cash Converters personal loans
| Cash Advance loan | Small Personal Loans | Medium Personal Loans |
|
|
|
This post is about Cash Converters Personal Loans. We provide this information to offer you some of the necessary information that is useful for getting Cash Converters Personal Loans. Also if you are looking for information about the personal loans from Aussie, please refer to the Aussie Personal Loans link we just provided in the previous article.