Cash Converters My Loans vs MyPayNow Usage & Stats

Cash Converters My Loans is a fast and secure way for you to manage your existing Cashies Loan, Personal Loans, Pawnbroking Loans or Buybacks all in the same place. With My Loans, you can check your due dates, see your loan amounts, make payments and more anytime, anywhere 24/7. For Personal Loans you can: • View your loans • View upcoming payments • View your repayment schedule • View your transaction history • View loan payout figures • Apply for a loan • Check the status of a loan application • Pay your upcoming repayment, make an additional payment, or payout your loan • Check your personal details For your Cashies Loan you can as well: • Apply for a redraw • Apply for a credit limit increase For Pawnbroking Loans and Buybacks^ you can: • View your loans • View upcoming due dates • Make interest payments* • Check your personal details For any assistance or technical support please send us an email with your details to feedback@cashconverters.com *Participating stores only ^Buybacks only applicable in Tasmania Fee Disclosure Our Cashies Loan does not have an establishment fee or any monthly fees. Interest is charged at a fixed rate of 48% per annum on the total outstanding balance. The maximum repayment term for each drawing against the loan is 36 months. For example, a Cashies Loan of $4,000 repaid monthly over 3 years would require total repayments of $7,616 ($4,000 principal and $3,616 interest). This example has been calculated on a specified credit limit with the assumption that the loan has been drawn to the maximum amount of credit at the start of the loan and all repayments have been made on time. The calculation shown does not account for potential additional fees and charges, such as default or enforcement charges, which may be incurred. Our Medium Personal Loans incur a $400 establishment fee and interest at 48% per annum. For example, a medium loan of $3,000 repaid by monthly payments over 1 year would equate to a total amount payable of $4,348 (including a $400 establishment fee). The minimum loan term is 4 months and a maximum of 24 months. A dishonour fee of $33 is payable if a repayment is not made by the due date or a direct debit is declined. Our loans are repayable in weekly, fortnightly or monthly instalments. Loans can be repaid early with no penalty and interest will only be charged on the outstanding balance of the loan. Early repayment will reduce the total interest payable on the loan. The Annual Percentage Rate (APR) on our Cashies Loan and our Medium Personal Loan is 48%. These calculations do not account for potential additional fees and charges, such as default charges, which may be incurred. All loans are subject to lending criteria and suitability assessment.

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MyPayNow

When life happens, why wait 'til payday? With MyPayNow, you can access up to a quarter of your pay early, each pay cycle, almost instantly! Rather than waiting for your pay to be deposited into your bank account – join everyday working Aussies already accessing their pay early, whenever they want. How it works: 1. Create an account, enter your employment info and link your bank statements to determine your available funds. 2. Request the funds you want and it will be in your account - in most cases within 60 seconds. 3. Scheduled repayments are automatically set up to coincide with your pay cycle. 4. Repeat as often and as much as you like, up to your available funds. How much does it cost? There is a 5% transaction fee and an annual percentage rate (APR) of 24%. For example, if you receive a $100 advance for one week, you will incur a $5 transaction fee and $0.48 in interest, resulting in a total repayment of $105.48. Why choose MyPayNow? • Fast, simple, cheap, secure access to your money • Private and discrete … we don’t contact your employer. We deal directly and only with you. • Avoid stress and late fees … rather than falling behind on bills, pay them on time. • No way to accumulate a huge debt as only a quarter of your wage is available. • Repayments are initially set to match your pay cycle with flexible options from 2 days (minimum repayment period) to 62 days (maximum repayment period). • Enjoy financial freedom and live life at your pace MyPayNow operates in Australia in accordance with applicable local laws and regulations. This product is available to persons residing in Australia only.