It plans to expand operations in Icici personal loan emi eligibility, offering a wider range of loans to include "medium amount" loans of up to 5000. More than 1 million Australians are estimated to take out a payday or short-term credit contract loan each year.
In 2012, the market was between 800 million and 1 billion. Cash Converters said it had signed a new facility to replace its bank funding, with Fortress Investment Group. A government review into the sector was due to make its recommendations this month. Cash Converters reported a 15. 9 million profit for the first half of the financial year; up from a 5. 3 million loss in December 2014. It will pay a fully franked dividend of 2¢ a share.
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