Loan Term and Interest

Vehicle Pawnbrokers Sydney provides short term loans. Term of Loan may be from 1 day to 3 months. Loan term may be extended past 3 months by payment of interest. You only pay interest for the time (month or part thereof) that your item is pawned.

You have the option of paying interest monthly if the interest period is going to be greater than a month.

The frequency of interest charges is monthly on the same day of the month that item is pawned, e.g., 20th of each month.

The pawn agreement may be extended, by the amount of monthly interest paid, e.g., 2 months interest paid extends loan for 2 months

We may agree to extend the redemption period even if the original redemption period has expired.