Question 1

How much money can I get for my Huawei?

Accepted Answer

The value is calculated based on various factors such as the model or the general condition of your device. You can see how much money you can get for your Huawei on our website.

Question 2

What is a pawn loan?

Accepted Answer

With a pawn loan, you receive a loan and give us your Huawei as collateral during the loan period.

Question 3

How long does it take to pay out in cash or to my account?

Accepted Answer

If you bring your Huawei to our store, the pawn loan will normally be paid out to you immediately. If you have opted for shipping, we will check your Huawei after it has arrived. You will usually receive your money in your account the next working day after the check.

Question 4

Can I extend the pawn loan for my Huawei? What fees are involved?

Accepted Answer

If you extend your pawn loan, you will be charged a small partial amount. 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 in your account at any time.Important: If the value of your iPhone has fallen sharply during the deposit credit period, you will have to make a corresponding partial repayment if you extend the loan.

Question 5

Do I have to be of legal age to take out a pawn loan with CASHY?

Accepted Answer

Yes, all customers who wish to take out a pawn loan with CASHY must be of legal age.

Question 6

What happens if I can't pay back the pawn loan for my Huawei?

Accepted Answer

You have the option of extending your pawn loan during the term. If you are unable to extend your pawn loan or repay it within the agreed term, your Huawei will be auctioned off after a waiting period and notification by CASHY. If the proceeds of your Huawei minus the fees exceed the amount of your pawn loan, you will be paid out the difference. However, your debt is also settled if a lower amount is realized at the auction.

Question 7

Fees and term

Accepted Answer

The costs for a pawn loan with CASHY are made up of the issuance fee, interest (1.75% per half month) and the custody fee. We show you how high the fees for a pawn loan for a smartphone with a term of 30 days 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
You can find all further information about interest and fees at CASHY in our clear tariff of fees.
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: € 140.00
Issuance fee: € 20.00
Custody fee: € 48.00
Interest: € 58.80
Total fees for 1 year (term not offered in this length): € 126.80

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The most frequently asked questions to CASHY