Gold: $3,894.17
Silver: $45.13
Platinum: $1,435.92
Palladium: $1,583.97
Last Update: 10 Oct 2024 @ 12:35 am
In need of extra cash but do not want to sell your gold or watch, obtain a gold loan with CFOG gold pawnbrokers.
We can provide a loan against the value of your gold items. You can Pawn Gold Jewellery, Gold bullion or pawn Gold Watches for fast cash at Melbourne's lowest interest rate.
Gold loan rates and details of repayment costs are listed in the table below.
To obtain a gold loan simply visit our pawnbrokers office during business hours, no appointments are required. We weigh & test your gold to provide a quote. Accept the quote for the gold loan and receive the value in cash on the spot. You can also pawn a luxury watch with ease from CFOG.
We have no fixed term on our loans, to continue your loan for a further 30 days, you simply pay the current months interest for an extension for another 30 days. When you are ready to redeem your items, pay the loan value and the current months interest to collect your items.
When you pawn gold jewellery, gold bullion or pawn luxury watch our business model is similar to a pawn shop. Your credit history does not affect your ability to obtain a loan through CFOG. We provide a loan secured by your watch or gold items, not personal credit.
Below are our loan amounts and corresponding interest rates.
Loan Amount | 7 Day Loan | 14 Day Loan | 30+ Day Loan |
---|---|---|---|
$200+ | 5% | 6% | 10% |
$1,000+ | 4% | 5% | 8% |
$4,000+ | 3.5% | 4% | 7% |
$7,000+ | 3% | 4% | 6% |
$10,000+ | 2.5% | 3% | 5% |
$20,000+ | 1.5% | 2.5% | 4% |
$30,000+ | 1.5% | 2% | 3% |
For customers who wish to loan over $50,000 bullion value, scroll down for our long-term loan option.
CFOG most common loan amounts and examples of interest payable.
Loan Amount | Repaid In 7 Days | Repaid In 14 Days | Within / Per 30 Days |
---|---|---|---|
$500 | $25 | $30 | $50 |
$1,000 | $40 | $50 | $80 |
$4,000 | $140 | $160 | $280 |
$7,000 | $210 | $280 | $420 |
$10,000 | $250 | $300 | $500 |
$20,000 | $300 | $500 | $800 |
$30,000 | $450 | $600 | $900 |
1. Minimum loan term 1 week, maximum loan term unlimited. 2. APR = 36% 3. If you borrow $10,000 you must payback $16,000 after 1 year
Large amounts of gold and or silver bullion, with total value $50,000 or more, we offer a special interest rate amount with minimum 6 months.
Minimum Required Loan Amount |
Monthly Interest Rate |
Redemption Period |
---|---|---|
$50,000 + | 3% (With interest payments required monthly) | Upto 12 Months |
Our long-term loans require you to repay interest each month.
Call us or visit our Box Hill office today to find out more.
We accept all gold and silver precious metal items as security for a gold loan, below are example of the most common items people bring in to secured loan:
One valid type of Photo ID is enough to receive a gold loan from us on the spot, Photo ID is the most common method used by our customers to receive loans upon their gold and silver.
If Photo ID is not available, you can still receive a secured loan from us on your gold and silver items, to do this, you will need to provide two valid types of text based identification.
Level 1, 4 Whitehorse Rd,
Blackburn, Victoria 3130