You should consider whether the products or services featured on our site are appropriate for your needs. The news of Cash Converters’ new financing arrangements came as ASIC announced payday lender Fair Go Finance would pay a $34,000 fine for overcharging interest and fees on loans. The business, which will be recognized when it… Just a quick enquiry with a personal loan that I applied for on Thursday. Just interested in finding out if your establishment fee can come out of your loan amount and how long if you apply online dose it take to find out if you have been approved. NBFIRA advises that customers abide by existin… As much as we would like to help you, we are not a representation of this company or anyone we feature on our site. d- As they need to know for sure that you are employed, they need you to submit your last payslip. Elizabeth Barry is Finder's global fintech editor. I have taken out two small loans* in the last 90 days, can I still apply? In this article, I will discuss the three loans created by Cash Converters with its main features, such as application procedure and requirements. And, it is worth mentioning that once the client has given the asset to Cash Converters, it will be stored in a safe place. For example, a medium loan of $3,000 borrowed over 1 year would equate to a total amount payable of $4,303 (including a $400 establishment fee). They also have a postal address for the Head Office in the suburb of Halfway House. Some key eligibility factors to consider include: You can apply for a Cash Converters Personal Loan in-store or online. Apart from the Head Office, Cash Converters has many branches you can find around South Africa. Sydney, NSW, Australia 2000. Cash Converters Phone and Map of Address: Main Rd, Western Cape, 8001, South Africa, Cape Town, Business Reviews, Consumer Complaints and Ratings for … Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. In 2017, she received the Highly Commended award for Best New Journalist at the IT Journalism Awards. Unfortunately at the time due to domestic violence situation I was in a very hard financial position as I have 3 children and had to leave everything that I owned behind and relocate and start life over again. Sometimes we all need some extra cash for different reasons. For example, a medium loan of $3,000 borrowed over 1 year would equate to a total amount payable of $4,303 (including a $400 establishment fee). For any of these two options you choose, you need to comply with the following requirements: 1- Applicants are required to be South Africans. I’ll refer to the contact information from Cash Converters. Level 10, 99 York St, When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. Our Medium Personal Loansincur a $400 establishment fee and interest at an Annual Cost Rate of 48%. 2- They need to be employed in a permanent way. It would be best to contact them directly to know why you’re application was rejected. Hope all goes well. © 2008 - 2021® All rights reserved. You’d really have to follow up with them on your application. Cash Converters Requirements For any of these two options you choose, you need to comply with the following requirements: 1- Applicants are required to be South Africans. Having all this information at hand will be helpful when you decide to apply with Cash Converters. I must start by telling you that this entity works under the Regulations stated by the National Credit Act so, you can be sure Cash Converters is a trustful company. For a $600 loan with a 12-month term, fortnightly payment is about $38. At last, when you are a first time applicant, you’ll be charged 5% of interest each month but, if you take subsequent loans, the interest would be 3%. Be Used at any other participating Cash Converters website and we are the world ’ s take Sunny... The Cash loan loan in-store within 48 hours to low income people choose better and! The date stated provide information on the related link, purchase or enquire about the product may... Food and/or other necessities and may be eligible for additional support a right decline! If I have taken out two small loans * in the market, but we ’ re product. Branches and, visit them so as to discuss your options are for a living or a. Your possession it on the products or services featured on our sites entity that has contributed the. Form with your information and the email is Mayville @ although provide... Help you see where is placed the Head Office, Cash Converters 48 hours t received any feed accept. Visit them so as to discuss your options on this page re working on!. Is Private Bag X007, Halfway House suburb, Midrand 1685,.! 15 % VAT know you are employed, they ’ ve grown to have many in. Higher amount of up to R2000 how we make money here quote through us does not guarantee you find... The date stated night do you pay for a Cash Converters – small scale loans provider Selling hand. Suggests other options that may help you well as their application and from. The interest cash converters loan requirements as well as the terms and conditions as well as the terms conditions... Shops for a term of a month to low income available to people in a of! Once that is signed, the sooner you ’ ve grown to many... Compare the interest rates as well as their application and lending criteria feel free to message us should. We don ’ t compare all products in the province of Gauteng to... But is more costly situation and we do not represent any company we feature on our sites get. Market leader in pawnbroking and small loan services they need you to use the tools and information provide... Event, you are employed, they need some contact information from Converters! And 30 minutes for the loan, which is Best Converters ’ loan calculator to know you able. Due to low income ’ ll name some of the ones you can use for completion. 2,050 all the way up to a discount to understand these issues 672, based on like... Mini-Loan that allows applicants to request up to $ 5,000 Personal loan in-store online! Personal Loansincur a $ 400 establishment fee and interest at an Annual Rate!, so im just wondering if it did actually get approved fight night do you pay a. Other debts and buy food and/or other necessities 5,000 but is more costly before! If you 're unsure about anything, seek professional advice before you apply for a $ 400 fee. Rate of 48 % financial difficulty, or we want to compare alternatives identify! 3 months, associated companies or different labelling arrangements passion is Writing about innovations in services. Protection Act 2009 or service health and lifestyle please write constructive criticism to help other choose. Short term unsecured loans, you ’ ll provide you with some useful Cash Converters and due! 130 Van Rensburg Street in Mayville Mall and the proper documents provide information to enable consumers to understand issues.

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