PAWN LOANS
If you are in need of a pawn loan and not looking to sell your gold or other valuable jewelry like a Rolex watch, coin, diamond engagement ring, or anything else of value, then you can inquire about our pawn loan services in the NYC area. We will be happy to hold on to your valuable item and give you a cash loan right away. You can then use that money for whatever needs you have at the moment. We lock all the items that we have as collateral for pawn loans in a secured room until you return to pick them up. All you have to do is repay the loan with a very low amount of interest and we’ll give you back the item. Most pawn loans last about 4 months, and you can repay the loan at any point within that time. These are also very flexible loans as we can work with you to ensure you don’t lose the item if you don’t have all the money right away.
PAWN LOAN INTEREST RATES
We have the lowest rates for pawn shops in the area. We’ve been giving pawn loans for many years and we know that we’ll make much more money by getting lots of customers at lower interest rates than we would trying to get more money out of just a few customers. With that in mind, we keep our interest rates as low as possible. Many people think that pawn loans are similar to cash advances, but that’s actually not the case. Sine cash advances are unsecured they have to charge incredibly high rates of interest to protect themselves against people who don’t pay. A pawn loan, on the other hand, is made with collateral. If you’re unable to pay the loan then we’ll just convert it from a pawn to a purchase and we can get our money back from selling the item you brought in. Of course, that’s only done as a last resort, or at the request of the customer, but it is nice for both the customer and us to have that option when it is is necessary.