Standard Terms & Conditions of Business for Online Loans

Before we make an offer of a Loan

1. Cashbrokers Limited hold Consumer Credit License Number 572870.  We are also member of The National Pawnbrokers Association. All offers will include details of the APR.

2. Our provisional offer is based on the description received from you. We value the item on the assumption that the description provided by you is completely accurate.

3. Our provisional offer is not contractually binding.

4. On receiving the item from you, we inspect the item, and compare the actual item to the original description supplied by you, in order to confirm that they match.

5. Should an item vary from the original description in a manner which affects the valuation, we reserve the right to adjust the loan.

6. Confirmed loan offers are subject to contract, and are not legally binding until after we have physically inspected the item, made a confirmed and, if necessary, adjusted loan offer to you by e-mail, and you have signed and returned to us the Fixed Sum Loan Agreement and Pawn Receipt regulated by the Consumer Credit Act 1974.

7. Due to Money Laundering regulations In order to make a loan, we require proof of your identity, which means we need from you a copy of your photo ID (e.g. passport, national identity card or driving license), and documentation verifying your current mailing address (e.g. a utility bill, council tax bill or bank statement less than three months old).

8. The maximum loan period is 6 months. However, you may pay off your loan at anytime during the loan period. Interest is calculated and applied on the amount of your loan at the end of each contract month and if you redeem the item early, interest will be charged to the end of the contract month period in which you redeem. A contract month means the period of a month commencing on the date of commencement of a confirmed loan agreement and each consecutive period of a month thereafter during the term of the confirmed loan agreement.

9. It is your responsibility to ship the goods to us and insure them. We will not accept any responsibility for goods lost or damaged in transit.

10. It is your responsibility to keep safe any documentation relating to your item(s) that would be useful in support of an insurance claim, including, but not limited to any purchase receipts, shipping receipts, certificates, valuations, insurance documents or photos.

11. To redeem an item, you must pay off the outstanding loan and interest.

12. Should you not redeem your item within the 6 month loan period, you will be informed in writing of our intention to sell the item(s) in order to recover any losses relating to the loan agreement.

13. On selling the goods, we will deduct the cost of the outstanding loan, interest, and any other sales expenses arising from the proceeds of the sale. Any surplus amount will be returned to you.

14. Should any insurance claim arise because of any loss or damage suffered in shipping any item(s) back to you, the replacement value(s) claimed will be according to our valuation of the item(s) , whether we withdraw a loan offer after receipt and inspection of the item(s) or not, and whether you accept any loan offer or not.