How do loans work?
Our loans are a quick and easy way to borrow money without a credit check or hassle. Loans are based on the value of your collateral, not your credit rating or pay schedule. Loans may have a term length of 90 days/three months. If you cannot pay back your loan in full, including any applicable grace period, we offer extensions/renewals to give you extra time. You may also choose to surrender your collateral as payment in full.
We provide loans on a variety of items, including gold bullion & coins, silver bullion and coins, gold and silver jewellery and high end watches. Simply bring us an item of value, along with your identification and we’ll give you money in minutes after your loan is approved.
What is an extension?
If you are unable to pay back your loan in full on its due date, you may be able to get an extension on your loan. With an extension, you will be required to pay a portion of the interest owed (1 month interest), then you may extend the length of your loan for 30 days.
What are your rates?
We are proud to state that since 2014 when we launched our aggressive cut priced interest rates we have helped consumers in Western Australia save millions of dollars in interest that would have otherwise been accrued by going to other lenders.
Typically, pawnbrokers will charge 30-35% a month. Our focus is precious metals, and by doing what we do best we are able to offer loans at upto 85% less interest than our competitors.
How do you compare?
|Details||National Pawnbroker||Local Pawnbroker||Swan Bullion Company|
|Loan Interest (Monthly)||35%||30%||10%|
|Repayment after 30 days||$135||$130||$110|
|Repayment after 60 days||$170||$160||$120|
|Repayment after 90 days||$205||$190||$130|
|Loan Interest (Monthly)||$35%||30%||10%|
|Repayment after 30 days||$1350||$1300||$1100|
|Repayment after 60 days||$1700||$1600||$1200|
|Repayment after 90 days||$2050||$1900||$1300|
|Loan Interest (Monthly)||35%||30%||7.5%|
|Repayment after 30 days||$6750||$6500||$5375|
|Repayments after 60 days||$8250||$8000||$5750|
|Repayments after 90 days||$10,000||$9500||$6125|