It’s a secured short term pawn loan. The way it works is you pledge your asset to us in exchange for a loan against it. Your asset is our security for the duration of the loan and is redeemable by you as soon as you pay back the loan and interest in full.

This type of loan is commonly used as a short term funding option for people who need money fast or are unable to obtain traditional bank finance.

If your asset is a vehicle then YES, Absolutely! We’re proud to be the first and only Australian lender that lets you pawn your vehicle and keep driving it!

This means you get to solve your short term money challenges without experiencing any major disruptions or inconveniences to your everyday life.

After all, the last thing you want to do is have to explain to your family, friends or boss why you don’t have a car!

Note: You also have the option of a traditional 'Stored Asset Pawn Loan' whereby you leave your vehicle in our possession for the duration of the loan. Under this option you can expect to borrow more funds against your asset and pay less interest.

Stored Asset Loans

If your asset is not a vehicle then it must be securely stored by us for the duration of your loan.

We lend against all types of assets including valuable or luxury cars, jewellery, luxury watches, precious metals, art & collectables and some business plant & equipment.

As long as your asset is paid off and in good working condition we can use it as collateral for a loan [subject to minimum verified asset value].

Simply complete our online Quick Quote form with the details of your asset and the amount you want to borrow and we'll get in touch with you.

Simply complete the online Quote Quote form at the top of this page or give us a call on 08 8451 1588 with the details of your asset and how much you want to borrow.

The amount you can borrow is based upon the value of your asset, as determined by us, and your overall circumstances.

If we keep possession of your asset [Stored Asset Loan] we can lend up to 75% of its value. For a Drive Away Asset Loan our maximum loan to value ratio is 65%

Our minimum loan size is $5,000 and can be as much as $250,000 or more depending on the value of the security.

Our fees are competitive and are based on the amount you borrow and the value of security provided.

The interest fee on your loan will be clearly stated in the conditional approval email we send you, with the exact fee confirmed once we have inspected your asset.

You'll also be required to complete our 'pawn agreement' prior to borrowing any money, which clearly details the exact terms of your loan and any fees and charges that might become applicable.

Note: You also have the option of a 'Stored Asset Loan' whereby we keep possession of your asset for the duration of the loan. Under this option you can expect to borrow more funds against your asset and pay less interest.

No, you are free to use the funds for any purpose.

Once you've submitted your online Quick Quote you can expect to get an approval decision from us within 24 hours.

The next step is to arrange an inspection of your asset and to complete our simple one page loan agreement. This entire process usually takes about 20-30minutes.

Your loan funds will then be transferred to your nominated bank account on the same day!

No, we do not require a credit check at all!

Your credit file will remain completely untouched so no other lender or credit provider will ever be able to tell you have borrowed funds from us.

Drive Away Asset Loan*

*Asset must be a vehicle!

To qualify for a drive away asset loan, you will need to;
- be a permanent Australian resident or have a valid visa;
- be at least 18 years of age;
- reside and have your car registered in South Australia;
- have a valid Australian driver’s licence;

In addition, your vehicle must be;
- owned free and clear [no secured debt/finance].
- roadworthy and in good condition [no major damage]

Stored Asset Loan

To qualify for a stored asset loan, you will need to;
- be a permanent Australian resident or have a valid visa;
- be at least 18 years of age;
- have your asset located in South Australia;
- have a valid Australian driver’s licence;

In addition, your asset must be;
- owned free and clear [no secured debt/finance].
- be in good condition [no major damage or defects]

Drive Away Asset Loan*

*Asset must be a vehicle!

You will need to provide us with the following;
- proof of identity [valid driver's licence]
- proof of ownership [car registration certificate]
- proof of comprehensive car insurance
- a working duplicate set of keys for your vehicle

Note: We do not perform a credit check!

Stored Asset Loan

You will need to provide us with the following;
- proof of identity [valid drivers licence]
- proof of ownership of asset [where possible]
- proof of comprehensive insurance [if asset is insurable]

Note: We do not perform a credit check!

Maybe… If the loan against your asset loan is almost paid off, there is a chance we can help you. We suggest you to contact us for a chat to see what we can do.

All asset pawn loans have a redemption period [loan term] of one [1] calendar month. However, you do have the option of extending the redemption period each month by paying one month’s interest fee prior to the due date.

In fact, as long as you keep making the monthly interest payment on time you can keep extending your loan each month.

No, you can pay your loan in full at any time within the redemption period without receiving a pre-payment penalty.

In fact, we encourage customers to pay off their asset loans as soon as they are able.

The redemption period on our asset loan is one [1] calendar month. If you are unable to repay your loan in full before the due date you can elect to extend the redemption period for another month by simply paying the interest fee.

In fact, as long as you keep making the monthly interest payment on time you can keep extending your loan each month.

If you’re unable to repay your loan and any interest owing, we will make every effort to work with you and come to a suitable arrangement.

However, if we are unable to come to such an arrangement, under the Second-hand Dealers and Pawnbrokers Act 1996 we have a mandate to;
14.(3) As soon as reasonably practicable, sell the asset in a manner conducive to securing the best price reasonably obtainable.
14.(7) If the proceeds of the sale of pawned goods exceed the amount owing to the pawnbroker under the contract of pawn, the balance of the proceeds is recoverable from the pawnbroker as a debt in a court of competent jurisdiction by the person who would have been entitled to redeem the goods if not sold.

Note: If you think you might have trouble repaying your asset loan then please contact us as soon as possible so we can try and work out an arrangement. We would much rather help you get back on track than have to sell your asset.

We will consider lending against any unencumbered [freehold] asset of value.

If the asset is not a vehicle, we will require that it is stored safely in our possession for the duration of the loan.

Whatever the asset, if you need short term funding please email or call us to see what we can do.