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EXTEND YOUR PAWN LOAN - SIMPLY CHOOSE THE DURATION OF YOUR LOAN YOURSELF!

pfandkredit-verlaengern-min

HOW DO I EXTEND MY PAWN LOAN?

If you have taken out a pawn loan with CASHY, your pawn ticket will be created online in your account. There you not only have the option of repaying your pawn loan at the end of the term - you can also extend it online.

WHAT FEES ARE INCURRED WHEN EXTENDING?

If you extend your pawn loan, you only have to pay the fees for the new term. These consist of the issuance fee, interest and the custody fee.

Here is an example calculation for the extension of a pawned watch with a pawn loan amount of 700 euros:*

FEE

HEIGHT

Loan amount

€700,-

issuance fee

€15,-

interest

€24,50

Custody fee (storage costs)

€2,-

Total renewal fee

€41,50


*As of December 2023

HOW OFTEN CAN I EXTEND MY PAWN LOAN?

You can extend your pawn loan as often as you like.

CAN I ALSO EXTEND MY PAWN LOAN ONLINE?

Yes, with CASHY you can process your pawn loan completely online. You can find your pawn ticket in your account and can always see the current fees.

Simply click on "Renewal" and choose how you would like to pay the renewal fee.

CAN I ALSO REDUCE THE AMOUNT OF MY PAWN LOAN IF I EXTEND IT?

This is also possible with CASHY. You can manage your pawn loan in your account

  • repay,

  • extend or

  • reduce

If you reduce the deposit amount, the amount of your fees will of course also be reduced automatically.

Here you can find an extended version of the above example:*

FEE

HEIGHT

Loan amount

€700,-

issuance fee

€15,-

interest

€24,50

Custody fee (storage costs)

€2,-

Total renewal fee

€41,50

Repayment

€300,-

New loan amount

441,50

New issuance fee

€10,-

New interest rates

€15,45

custody fee

€2,-

New renewal fee

€27,45


*As of December 2023

CAN I ALSO EXTEND OR REDUCE MY CAR LOAN?

Yes, this is possible with CASHY. However, if you do not repay your car loan, your car may need to be checked again. This means that if you extend your loan after 1, 2 or 3 months, you will have to come back to CASHY for an appointment.