Pawnbroker loans can be an option when emergency expenses crop up, meaning you're suddenly in need of some cash. You can visit a pawn shop to unlock the cash in your assets by offering your possessions as security to borrow against. You get a short-term cash boost, and you'll also enjoy a lower level of interest whilst repaying your loan as the items you have pawned act as collateral.

You risk losing your item if you fail to repay by your due date. Your item will be sold to cover the cost of the loan, you will not be liable to repay any shortfall.

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Find your local store

Once you have found your nearest pawn shop, pop in with your items for a free quotation. ID is required.

Get your cash

If our requirements are met and you agree to the amount we offer then you could walk out with your cash the same day.

Pay back your loan

Payback within 7 months and reclaim your item. Repaying early can reduce the cost of the loan.

What is a pawnbroking loan?

A pawnbroking loan is a method of lending where you unlock the cash in your assets by offering your possessions as security to borrow against. Once you have paid back your loan and interest due, you can reclaim your item.

Pawnbroking is one of the oldest methods of lending: in fact people were pawning their belongings to borrow money thousands of years before banks and credit ratings existed. With pawn shops around to this day, it’s a system that works.

Why use a pawn shop?

If you suddenly need some cash, then pawnbroking could allow you to unlock the cash in your assets.

Your items are kept securely in our safe and are fully insured for the duration of the loan, and once everything is paid off in full, you take your valuables home again.

What can be pawned?

We lend against gold, silver, platinum, diamond jewellery and selected top-brand watches – just bring your items in to any Money Shop pawn shop store for a free quotation. Our staff are trained in assessing value fairly and will usually give you a valuation on the spot. 

If our requirements are met and you agree to the amount we offer and the loan's terms, you can walk out with your cash the same day! You will need to bring proof of identity and address into our store.

What happens to pawned jewellery?

Once you have taken out a pawn broking loan with us, we keep your item locked in our safe for up to seven months. At the end of the loan, you have three options:

  • Pay back your loan and interest to redeem your pawned jewellery
  • Renew your loan – you will receive a new pawnbroking contract
  • Forfeit the item. We will then try and sell the pawned jewellery for the best price as quickly as possible, and this will go towards settling your loan and interest.

Paying back your pawnbroking loan

You will be charged interest on your pawnbroking loan - our interest rates are very competitive, just ask in-store for details! Whilst your loan agreement will be for seven months, you can repay the loan before then, which will reduce the overall cost for you, as we calculate interest daily. If you wish to settle the loan early, you'll need to provide 28 days notice. Your item(s) will be returned once the loan has been repaid. 

So if you need a quick injection of funds to help out in an emergency, you may want to consider a pawn broking loan that unlocks the cash in your assets.

Remember that you should take time and think carefully before applying for a pawnbroking loan. If you are experiencing financial difficulty, please click here to find information on non-charging agencies that can provide independent advice

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