FAQs - Pawn Loans

Can't find the answer to your questions below?  Contact us and speak to our friendly staff.

What is a pawn loan?

A pawn loan is a loan that is secured against something of value like gold jewellery, mobile phones & computers.  You bring in the item and leave it with us, we give you a loan and when you pay back the loan plus interest, we'll give you your item back.

How much do you charge for pawn loans?

We charge interest from 10% to 25% depending on what you pawn and how much you borrow.  Click here for more information.

What can I pawn?

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Why don't you pawn larger items?

Due to limited storage space, we are only able to pawn small goods. 

Why don't you loan me what the item is worth?

The reason we offer a smaller amount compared to what your item maybe worth is because we are only giving you a loan against the item (you're not selling the item).  Also if we have to sell the item because the interest has not being paid by the due date, we need to ensure that we get our money back plus all other costs associated with the loan, storage and selling the item.

Why was I only offered a loan amount of $250 for my mobile phone that is worth $850 brand new?

There are a few reasons why we might only offer you a small loan amount on an item.  One being that the demand may not be there.  For example, if we have 5 Samsung Galaxy Note 3s that we have not been able to sell for a few months, we wouldn't offer a large loan as the item is obviously hard to sell.  Another reason is the condition of the product.  An item that is scratched, dented or broken isn't worth as much as an item that's in good condition.