Pawn Loan

Instant cash loan – better than a bank

A pawn shop can offer a personal loan with an interest rate that is often lower than most unsecured personal loans from a bank.

Benefits:

In & Out Service – Secure a cash loan within minutes of walking in the door
Low Interest Rates – Lower than most banks
No Credit Checks
Fast Process – No lengthy forms or contracts
Minimal Security Deposit
Deferred Payments
No Loan Term Limits as long as minimum payments are made during any given loan term – Automatic Extensions.
No Compounding – Unpaid interest does not increase your principal loan amount.

Drawbacks:
You need to secure the loan, but not with your home or car. Personal Items of Value such as watches, jewelry, or brand electronics are accepted. The more valuable your item(s), the higher the loan amount.
You can lose your deposited item if you default on the loan.
No reminders or notifications – a pawn shop does not warn you when you’re payment is overdue.

Loan Value is usually much lower than items market value. Loan Amounts are limited to a small percentage of an items current market value. However, some item types offer much higher loan amounts.
For example, an Apple phone might secure a loan valued at 10-20% of the phones current market value (used), while gold bullion can get a loan value as high as 90%.

A secured personal loan from a bank typically requires collateral – a home mortgage is the most common. When a secured loan from a bank is not possible, a pawn loan could be the answer. Pawn Loans require smaller items for collateral; such as watches and jewelry (Personal Items).
Unsecured (No Collateral) Personal Loans come with high interest rates. As an example, interest rates can average 26% per year!a cash loan under 50,000 Baht, interest rates can average around 26% per year (about 2.17% per month).

For those who can not offer such collateral, the next best option is a unsecured personal loan at a high interest rate

Instant cash loan when you really need it

Deferred Payments

Option to make only 1 payment
during the loan term (4 months & 30 days)

See Full Terms & Conditions

Low Interest Rates

Only 1.25% / Month (15% yearly)
on pawn values over 2,000 Baht

*Conditions Apply – Click for Details

No Credit Checks

Just deposit a personal item(s) of value
as collateral to secure your loan

What Items to Pawn?

loan details

Monthly Rates

2.0% on the first 2,000 Baht of the loan balance,
1.25% on the remaining loan balance

Effective Yearly Interest Rate

Interest rates are charged monthly. But sometimes it’s easier to understand from a yearly perspective. Here’s what you need to know:

The higher the loan amount, the lower the effective interest rate. Loan rates vary from approximately 15% per year to 24% per year (for values 2,000 Baht or less).
Example:

Effective Yearly Interest
Sample Rates
On Select Loan Values
5K = 18.6% per year
10K = 16.8% per year
20K = 15.96% per year
50K = 15.36% per year

Get More Details

All pawn loans require at least one minimum payment within 4 months and 30 days to avoid default. Once a payment is made, the term resets and you have another 4 months and 30 days to make another payment.

Anyone, 18 years of age or older, holding valid identification qualifies for a loan, including foreigners.