Cash Crusaders (CC)offers loans against goods in South Africa. But how does Cash Crusaders loans work? These are short-term loans with reasonable interest rates. To get your Cash Crusaders loan, you can approach any branch near you with a valuable then talk to a loan officer.
Here’s what you need to know.
Basics of a Pawn Loan
A pawn loan is basically a pawn loan. This is a type of secured loan that gives you easy access to cash in South Africa. It takes less than an hour to get a loan from this popular South African pawn shop.
Here are a few things you need to know about how does Cash Crusaders loans work:
- You borrow money against a valuable with no credit record
- Your contact details are needed
- There is no initiation fee
- The loan has a specific service fee, interest and fees
- You will be given a specified time period to return the money, usually 30 days
- You don’t need a bank account;
- If you fail to return the money, your valuable will be repossessed.
At a glance, these are things you should keep in mind when taking out a pawn loan.
How Can I Borrow Money From a Pawn Shop
To borrow money from using your belongings, the first step is to think about what valuable you want to use. Check your belongings and identify an item you can use to secure the loan. You should be over 21 years old, and the items you use should be in working condition.
Some of the things you can use to secure your cash personal loan include:
- Musical instruments
- Mobile Phone
To get a 30-day loan from CC, you are required to provide identification. Sometimes, the shop may also want to see the receipt for the item you want to use.
The shop will want to verify that you are the owner of the valuable you are using to secure the loan.
Pawn Loan Advantages
Pawn shop loans have lower interest rates. This is because they give the lender a guarantee that you will pay back the money. If you fail to pay up, they can seize your valuables. As such, interest rates are usually lower than unsecured loans.
Here are some other advantages of pawn shop loans:
- Instant access to cash
- You get money to use for emergencies
- You can get money if the valuable is expensive
- There are many branches across South Africa,
- Your valuables will be kept safe.
How Does Cash Crusaders Loan Work – Requirements
Because you leave a valuable with the shop/lender, they don’t need to do a credit check. However, you should be over the age of 18. You also need to show proof of identity in the form of a valid South African ID or passport.
Because there are lots of cases of stolen goods in South Africa, the pawnshop may require to see proof of ownership. You can use a receipt or anything document that proves you own the valuable.
Ready to Get Cash Crusaders Loans Against Goods?
Are you ready to get a secured loan against your valuables? All you need to do is approach the nearest Cash Crusaders branch. You can also visit their website for more information.
Cash Crusaders Online Loan Application
To apply for pawn loan online, you need to visit the CC online platform. The application process is step-by-step, so you will see all the requirements until you complete the process.
Does cash crusaders buy broken laptops?
Your laptop might be bought, depending on what’s broken. For instance, if your laptop battery is dead, they may be able to buy it from you. However, laptops with more complicated problems will be difficult to pawn.
How much does cash crusaders pay for laptops?
There’s no set price regarding how much a pawn shop pays for laptops. To figure out more about how does Cash Crusaders loans work, you just need to take the laptop to your nearest branch and find out how much you can get for it. The price usually depends on the condition of the laptop and the specs.
Can I pawn my laptop without the charger?
It’s possible to pawn your laptop without a charger. However, there has to be a way to prove that the laptop works first. If you are lucky, and the guys at Cash Crusaders have a charger that’s compatible with your laptop, you may be able to pawn the laptop without a charger.