Cash Crusaders Loans Info for People Who Need Quick Cash.
Cash Crusaders loans info for people who need quick cash is a quick guide to tell you how to get a cash loan when you are in a hurry.
Cash Crusaders offers a unique financial service where you can get a loan against your valuable goods.
This pawn loan system is designed to provide immediate financial relief with a straightforward process.
Cash Crusaders provide loans against an item, so there is no need for bank statements and credit checks:
- No salary slips or bank statements required
- Cash Crusaders only need your ID and contact details
- Fast and hassle-free. Cash Crusader buyers make a quick decision, based on the value of the item (asset) you offer for pawn.
How to get a Cash Crusaders loan
- Initiating the Loan:
- You start by bringing an item of value to any Cash Crusaders store. The item can range from electronics to jewellery.
- Valuation and Loan Offer:
- The store assistant assesses the item’s value, and based on this, you are offered a loan amount.
- Loan Acceptance and Cash Receipt:
- Upon accepting the loan offer, you receive cash immediately.
- Repayment and Terms:
- The standard loan period is 30 days. However, Cash Crusaders allows for up to five loan extensions, making the loan flexible for up to six months.
- Fees and Interest:
- Expect to pay an initiation fee, interest per month, and a service fee. For instance, a loan of R1,000 might include an initiation fee of R173, R50 in monthly interest, and a service fee of R115.
What does Cash Crusaders pawn?
Cash Crusaders only pawn items they know they can sell if the borrower cannot repay his loan.
There is no use in accepting an item as security for the loan if they are not going to be able to sell it if the borrower doesn’t pay back his loan.
They usually do not pawn items such as camping accessories.
Items that sell well and that Cash Crusaders accept as security for loans
- Electronic Devices: Smartphones, laptops, tablets, cameras, televisions, and audio equipment.
- Appliances: Washing machines, refrigerators, microwaves, and small kitchen appliances.
- Gaming Consoles and Video Games: PlayStation, Xbox, Nintendo, and popular video game titles.
- Power Tools and DIY Equipment: Drills, saws, sanders, and other handy tools.
- Musical Instruments: Guitars, keyboards, drum sets, and amplifiers.
- Jewellery: Gold, silver, and diamond jewellery in good condition.
But, that is not all they pawn. The best is to enquire from your nearest branch to hear if they will accept what you have to offer.
The items must be in acceptable condition because it is more difficult for them to resell items that is in a bad condition or has been abused.
What you must keep in mind:
- Risk of Losing the Item: If the loan is not repaid, including after any extensions, Cash Crusaders may keep the item to repay the loan.
- Alternatives to Pawn Loans: It’s a good idea to explore other financial options like personal loans, which may offer lower interest rates and different terms.
What happens if you can’t repay your Cash Crusaders loan in time?
The Cash Crusaders pawn loan system means you don’t have to live with a bad credit record if you can’t repay your loan in time.
Two ways in which you can deal with the situation if you can’t repay your loan:
- If you’re happy to let your pawned item go, you are free to “walk away” from the loan without paying.
- Cash Crusaders then keep your pawned item and sells it to get the loan money back. You won’t have to worry about your credit record because when Cash Crusaders sell your item, your loan is paid off.
- If you want to get your pawned item back, but can’t pay the whole amount within 30 days, Cash Crusaders extend the loan for another 30 days.
- You can extend the 30 days repayment period 5 times which means you have 150 days or about 5 months to repay your loan.
What you must keep in mind is that they will charge a service fee to pay for the administration or paperwork in extending your loan.
You will also pay interest for a longer period so the payments you must make can make your life difficult if you run out of money. The interest makes the loan more expensive because interest for five months means you pay much more money than for a one month loan.
You need to let them know in time but at the latest on the last day of the loan, so they can do the paperwork quickly and without any hassles. Read the legal document Cash Crusaders term and conditions if you are interested in the whole picture.
Pawn loans at Cash Crusaders offer a good option for quick cash needs, especially for those needing short-term financial solutions without the hassles of traditional bank loans.
The flexibility to extend the loan term is an added advantage but do consider the accumulating fees and interest rates.
If you want to apply online for a Cash Crusaders cash loan you can do it via WhatsApp.
Do Cash Crusaders do credit checks?
No, there is no need to check your credit record because they hold security in the form of the article your gave as security for the pawn.
No need to check your credit score as there is no risk to Cash Crusaders.
This article provided you with the important Cash Crusaders loans info for people who need quick cash, but it is important that you talk to your Cash Crusaders branch to learn what their present rules are and let them explain everything to see if that agrees with the information in this article.
A Cash Crusaders loan is a comfortable way to borrow money as long as you do it responsibly and manage your loans well.
