A pawn loan is a form of short-term lending. As a rule, there is no credit check, as you are only liable for your loan with collateral. You deposit collateral (your pledge) as security at the pawnshop and receive a loan in return. The amount of the pawn loan is usually a partial value of your item.

This is how your pawn loan works at CASHY:

1. Valuation: You enter your deposit item in the search window or select it from the categories. CASHY will show you an offer including fee information for many items straight away. For individual requests, you will normally receive your offer within one working day. The amount paid out depends on the partial value of your item.

2. Pawn item: You hand over your item to CASHY. It will be stored there in the insured warehouse for the duration of the term until you retrieve it.

3. Interest and fees: The interest and fees for your pawn loan are calculated per half month. If you redeem your item earlier, you only ever pay the current fees up to the due date.

4. Repayment period: You can extend, reduce or repay your pawn loan at any time. After the fixed term, you also have the option of repaying or extending your pawn loan during a grace period. This may incur additional fees.

5. Return of the pledge: As soon as you have repaid your pawn loan in full, including interest and fees, you will get your pawned item back.

6. Keep the money: You also have the option of simply keeping the money you have borrowed. In this case, your item will be auctioned off and you will be debt-free in any case. If the auction results in a higher amount, minus fees, than the amount you borrowed from CASHY, you will be paid out the surplus.

CASHY accepts collateral such as electronics, jewelry, luxury watches, designer bags and many more.

With a pawn loan from CASHY, you remain debt-free. The reason for this is that the amount paid out on your pawn loan is based purely on the value of your item. The loan amount is therefore fully covered. The pawn shop never has recourse to other collateral or assets. The amount paid out is secured purely by your pledged item.

Decide at the end of the term whether you want to conveniently extend your loan online or repay it. Of course, you can also simply leave your item to us and keep the money. In this case, your item will be auctioned off. If there is a surplus - i.e. we take in more than we have paid out to you - you will receive a share of this profit. The surplus will be paid out to you minus the fees.

CASHY is a reputable pawnshop and has been awarded the seal of approval of the Austrian Federal Economic Chamber.

CASHY displays your loan offer online and you can view your fees around the clock in your account area during the term. You can also conveniently process your pawn loan via your cell phone.

In a test carried out by the Chamber of Labor, CASHY impressed not only with the best price-performance ratio but also with its high level of transparency and unbureaucratic online processing with estimated values of items and fees in real time.

Our customer service is always available for you during service hours.

If you want to return your pledged item to one of our stores you will receive your money on the same day. We can pay out your money in cash up to EUR 9,999. Higher amounts or the difference will be transferred to you via PayPal or to your bank account. If you opt for a bank transfer, it can take up to 2 working days for the money to reach your account, depending on the bank.

To save even more time, you can already order your deal for electronic items online at cashy.at already. There you can immediately see how much money you can get for many items. Your item will only be checked briefly in the store before it is paid out.

The costs for a pawn loan with CASHY are made up of the issuance fee, interest and the custody fee. On cashy.at you can see online how much money you can get for many items and how the fees are made up. You can request your pawn loan directly.

In the following example, we show you how high the fees for a pawn loan for a smartphone with a 30-day term are and how they are made up:

Loan amount: € 140.00
Issuance fee: € 5.00
Custody fee: € 4.00
Interest: € 4.90
Total fees: € 13.90

In another example, we show you how high the fees are for a pawn loan for a tablet with a term of 30 days and how they are made up:

Loan amount: € 1,000.00
Issuance fee: € 20.00
Custody fee: € 4.00
Interest: € 35.00
Total fees: € 59.00

You can find all further information about interest and fees at CASHY in our clear fee schedule.

Please note: A pawn loan is suitable for short-term bridging due to the short term of 1-3 months. The interest rate is 1.75% per half month, which corresponds to 42% per year. For example, if you were to keep renewing your pawn loan with a term of 3 months and reach a total term of 1 year, the fees would be as follows:

Loan amount: € 1.000,-
Issuance fee: € 80
Custody fee: € 46
Interest: € 420
Total fees for 1 year (term not offered in this length): € 546,-

A pawn loan is only possible with collateral. However, you have many options for taking out a pawn loan with CASHY.

We accept a wide range of pawned items, such as various electronics like smartphones, MacBooks, tablets, but also smartwatches, gold, jewelry, designer bags, luxury watches, tools, life insurance, cars, motorcycles and much more. Just take a look here and click through to send us your request.

You can find here all the categories that CASHY accepts for pawn loans.

Items such as clothing, furniture, bulky goods (washing machines, refrigerators, ovens, dishwashers) or weapons cannot be pawned or sold at CASHY.

If you would like to send your collateral to us, the fee for this is EUR 5.

We will send you an address label for shipping your parcel by email.

The shipping company is liable for a maximum of EUR 520 if your collateral is damaged during transportation. To ensure that you are always on the safe side, you should make sure to pack your collateral carefully or bring it directly to our store yourself. Please contact us if you would like to insure your collateral.

We keep your collateral safe for you in our video-monitored storage facility during the term of the loan.

Please note that your collateral is insured for 1.5 times its value while it is stored by us.

While your pawn loan is running and your collateral is safely stored with CASHY, it is insured for 1.5 times the verified value of the device.

The term of a pawn loan can be between one month and three months. You also have the option of extending your loan or repaying it earlier at any time.

After the expiry of your pawn loan and a 4-week grace period, your collateral will be auctioned off. We will remind you of the deadline in good time before your item is auctioned off. If the proceeds from the auction are higher than your outstanding loan amount, you will be paid out the surplus less fees. However, if the proceeds from the sale are lower than the outstanding amount, you are no longer liable to pay. This means there is no additional risk for you and you remain debt-free.

If your pawn loan is extended, a small partial amount may be charged. This is made up of the interest and fees that have accrued up to the date of the extension. You can also check your fees online at any time in your account area and get a precise overview of these values here.

If the value of your collateral has fallen sharply during the pawn loan term, we must ask you to make a corresponding partial repayment.

If you repay the outstanding amount in our store, you will receive your collateral back immediately.

If you refund the amount online, you can choose whether you want to collect your item from the store or have it sent back to you.

CASHY only requires an official photo ID from you if you want to take out a pawn loan.

We have tailored many notifications to you as a customer via your e-mail address. Not only will you be informed of all the latest news, but you will also be reminded of all deadlines in good time.

The following brands of designer bags are evaluated by CASHY and accepted where applicable:

• Balenciaga

• Bottega Veneta

• Burberry

• Celine

• Chanel

• Chloe

• Dior

• Fendi

• Goyard

• Gucci

• Louis Vuitton

• Prada

• Saint Laurent

Your personal data will never be passed on unless you give us your express permission to do so.

If you are unable to repay the amount borrowed for your collateral and are unable to extend your pawn loan, your item will be auctioned off.

If the proceeds exceed your pawn loan amount plus fees, you will of course be paid out the difference.

You can have the money for your item paid out in cash or as a transfer to your PayPal or bank account.

Please note that due to the Money Laundering Act, cash payouts up to a maximum of EUR 9,999 are possible at any branch. For higher payout amounts, the difference will be transferred to your account immediately.