Pawning electronics - How to take out a pawn loan
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What does "pawn" mean, what is a pawn loan?
If you want to pawn your electronics for money, you can take out a pawn loan with CASHY. You deposit your electronic collateral in the video-monitored and insured warehouse and can borrow a partial value as a loan.
You do not need any further collateral, so there is no credit check and no verification of your financial situation.
CAN I GET MONEY QUICKLY AND AT SHORT NOTICE WITH A PAWN LOAN?
That's the advantage of a pawn loan. As you don't need any other collateral, no credit check is carried out and your financial status is not checked. You get paid out your money immediately after handing over your item - the perfect solution for short-term bridging.
WHERE CAN I PAWN MY ELECTRONICS? IS THAT ALSO POSSIBLE ONLINE?
As a modern pawn shop, CASHY offers you several options for pawning your electronics:
Bring your item to the store: You can drop off your electronics in person at three locations throughout Austria: In Vienna, Graz & Linz.
Send the item: You can send your item to us anywhere in Austria via DPD. You will receive the shipping label by e-mail, all you have to do is pack your item well.
Have your item collected: In Vienna, Graz, Linz & Salzburg you can also simply have your item collected by us.
WHICH ELECTRONIC ITEMS CAN I PAWN WITH CASHY?
You can pawn many different electronic items at CASHY. You can get an instant quote for the following items on our homepage:
You can also pawn items such as cameras and much more on cashy.at. Just take a look and take out your pawn loan conveniently online.
WHAT IS THE TERM OF A PAWN LOAN? CAN I EXTEND IT?
Your pawn loan has a term of 30 days and you can extend it at any time. To do this, simply select in your account whether you want to repay, reduce or extend your amount.
HOW DO I GET MY ITEM BACK? WHAT DEADLINES MUST BE OBSERVED?
At the end of the 30-day term, you can repay your pawn loan online or on site and get your item back. We will remind you by e-mail before your loan expires.
WHAT ARE THE FEES FOR A PAWN LOAN?
Your fees consist of an issuance fee, storage costs and monthly interest:
FEE | HEIGHT |
|---|---|
issuance fee | €1,- to €20,- (depending on the loan amount) |
Custody fee (storage costs) | €1 to €3 (per half month) |
interest | 1.75% (per half month) |
FREQUENT QUESTIONS
What is a pawn ticket? Can I lose my pawn ticket?
Your details and the characteristics of your item are noted on the pawn ticket. You cannot lose your pawn ticket at CASHY because it is also issued online and can be accessed in your account at any time.
What happens to my item if I cannot repay the pawn loan?
If you cannot pay your pawn loan or an extension fee, your item will be auctioned off or sold in your best interest after a waiting period of 4 weeks. You will be paid out any surplus less the fees. We will inform you of your deadlines by e-mail in good time.
Am I personally liable for a pawn loan?
No. If you are unable to settle your pawn loan, the total debt will be settled by selling or auctioning your collateral - even if the proceeds are less than the amount of your pawn loan.
How can I take out my pawn loan online?
At cashy.at you choose which electronic item you would like to pawn. You can take out your loan online right away. Depending on the handover, you will receive your money immediately in cash (in the store) or as a PayPal or bank transfer (on dispatch or collection).
Is there a pawn loan calculator?
Yes, you can find the prices and fees directly on cashy.at once you have entered the details of your item.