How to apply for
a loan?
How to apply
for a loan?
Visit your nearest Pennywise store with stuff you don’t need right now, and skip out with cash that you do!
Getting a loan from us is so easy!
This is how it works:
Bring in your item/s with photo ID.
Click here to find out what items we loan on.
We will assess the value of your items to determine how much we can loan you.
We will store your items safely and you walk out with cash.
Make regular payments weekly, fortnightly or monthly.
Click here for more information on how to make a payment.
Finalise your loan by paying the balance and collect your items.
Click here for more information on how to finalise a loan.
Bring in your item/s with photo ID.
Click here to find out what items we loan on.
We will assess the value of your items to determine how much we can loan you.
We will store your items safely and you walk out with cash.
Make regular payments weekly, fortnightly or monthly.
Click here for more information on how to make a payment.
Finalise your loan by paying the balance and collect your items.
Click here for more information on how to finalise a loan.
FAQs On Loans
Pawning your items rather than applying for a traditional ‘Pay Day’ style loan can give you additional benefits and flexibility including:
- No credit checks or producing bank statements: We merely assess your items value in identifying if we can loan and how much
- Quick: We can turn your loan around in just a few minutes with cash in your pocket
- No recourse: If you can’t pay off your loan you can forfeit your items leaving no one chasing you for payments and no mark on your credit rating
If you would still like to keep the loan active beyond the 3 months then an extension can be organised by contacting us here and just making a repayment of 1 months' interest to keep your loan active. If you are not able to repay your loan at the end of the 3 month contract and do not wish to enter into an extension arrangement, your item/s will be surrendered and loan contract finalised.
Our base rate of interest is 35% calculated monthly from the date of your loan and for loans repaid within the first 14 days we offer a 40% discount on the interest amount.
We also purchase second hand items and can assess your items on the spot and purchase from you. This can be a great way to unlock $$ from items that you may not be using anymore
As of 1st December 2019 we ceased issuing SACC (Small Amount Credit Contract) loans, also known as 'Pay Day Loans' being short term loans without security.
If you already have a loan and would like to contact us about it, please contact the specific store location that issued your loan and they will be more than happy to assist you. For contact details see your loan contract or click here to view the contact details of all our locations.
