Secure a Cash Loan

Leverage Your Personal Assets for a Short-Term Cash Loan

PawnSh8p provides cash loans without credit or background checks. Instead, you can use your personal items of value to secure a loan, the day you need it, hassle free, in only a few minutes.

ACCEPTED ITEMS

We accept most gold jewelry and brand name watches, as well as limited electronics, power tools, and appliances. Options may vary by location. Item checks and pre-liminary appraisals are available via chat, on our Line Official Account.

@pawnsh8p

ITEM STORAGE

Your valuables are stored in our vault rooms, with small high value items additionally secured in large safes. All 9 branch locations are secure and backed by 24/7 security by Secom.

ASSISTANCE

For more details, item checks, image sharing, preliminary appraisals, and assistance locating a shop, please contact a representative on our Line Official Account.

LOAN TERM

A PawnSh8p Loan Term is 5 months, renewable.

The first month of a loan begins the day after the loan is received and ends on the anniversary date of following month.

Each following month begins the day after the anniversary date and ends on the anniversary date the next month.

This process repeats up to 5 months.

Example: If you receive a loan on June 15th, the first month will end on the July 15th. A new period begins the following day, on the July 16th and extends to August 15th. This continues until a payment is made, or 5 months has passed.

END OF MONTH LOANS

Loans that begin after the 28th of any given month are considered ‘end of month’ loans. This is important to note because any time a loan is issued on the 29th, 30th, or 31st of a month, any following month that has fewer days, will have the anniversary date moved backwards to the last day of the month.

That means interest charges may apply sooner than expected, and the end of your loan term may also arrive sooner than expected.

Example 1: If you receive a loan on Jan 29, 30, or 31 and you want to repay in the first month, you need to visit and pay your loan by Feb 28th (29th on Leap Years).
Example 2: If you receive a loan on Jan 31, the end of the loan term falls on the 30th of June (5-month term). June does not have 31 days.

RENEWABLE

Borrowers are not required to repay their debt within a 5-month loan term as long as the interest is paid at least once during the loan term. Each time a payment is made, the old loan is “completed” and a new loan is issued, it is ‘renewed’.

The loan term can be renewed by:

• Making a payment, within the loan term, that covers only the interest charges.
• Making a payment, within the loan term, that covers the interest charges and some of the loan amount. 

Remember, at least one (1) payment MUST be made during the loan term, to avoid defaulting on your loan.

Payments to lower the original loan amount can be made any time at any amount.

HOW IT WORKS

When a payment, which does not repay the entire debt, is made within a loan term, any remaining debt is your new loan amount, and you get a new 5-month loan term starting on the date of your payment.

If you plan to make multiple payments before the loan is repaid in full, you will receive multiple new loans. You will start and finish a loan more than once. 

EARLY PAYMENT DISCOUNT

Payments made within the first 15 days of any monthly period grants a 50% discount on that month’s interest charges. This detail is available in our calculator.

Only applies to a single month, the month of the payment.

PAYMENTS & INTEREST

With a PawnSh8p loan, there are no required monthly payments. But interest is charged each month and accumulates until a payment is made. You can pay often, or only once, but a payment must be made within your 5-month Loan Term to avoid a loan default. The minimum payment due is always the total accumulated interest to date.

Interest Rates

Our interest rates are between 1.25 – 2% per month, based on 2 loan value tiers.

When you borrow money:

• The first 2,000 THB is charged at 2% per month.
• Any remaining loan amount greater than 2,000 THB is charged at a lower rate of 1.25% per month.

Example: If you borrow 10,000 THB, you’ll pay 2% on the first 2,000 and 1.25% on the remaining 8,000. The effective interest rates is 1.4% per month, or 16.8% on a yearly scale. The bigger the loan, the better the rate.

SIMPLE INTEREST

We use non-compounding, simple interest rates. That means, we don’t add your interest to the original loan amount and then recalculate each month. We only charge interest, each month, on any original loan amount.

Bigger is Better

The bigger the loan, the better the rate. The chart below gives some rounded figures to show just how low the interest rate can effectively be per month.

As a loan term only lasts 5 months, we’ve shown the effective yearly interest rate for reference only. Yet, because your loan can be extended (renewable), it is possible to have a loan that last for a year or more.

INTEREST RATE Calculator

The PawnSh8p Interest Rate Calculator is designed to calculate the minimum amount due when making a single payment within a 5-month loan term.

The minimum payment due is always the sum of the monthly interest charges from the date a loan is issued, until the first payment is made. Results are presented below the calculator.

CALCULATOR