At Pennywise we have been helping our customers with simple short-term pawn loans since 1995. Simply bring in an item of value along with photo identification and we will assess on the spot whether we can offer you a loan and how much. You could be walking out with cash in minutes!
Pawn Loans are a 3 month contract with interest calculated monthly meaning the sooner you re-pay the loan, the lower the interest will be. We also offer a discounted rate of interest for loans repaid within 14 days to help you save!
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Fees and Charges
A Pawnbroking Loan with Pennywise incurs no establishment fee and an Interest Rate of 35% per month. For example a loan of $100 if finalised within 2 months would total $170 ($100 borrowed + 2 months x $35). Interest is charged in advance, on a monthly basis on the anniversary of your loan issue date. Example, a loan issued on the 15th January, the anniversary dates where interest is charged are 15th of each month. Pawn Loans have a 3 month term however can be reduced by paying out early at any time or can be extended by paying monthly interest. If you are not in a position to finalise your loan by the end of the loan term, you can choose to forfeit your goods and we will close your loan with nothing to pay.