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Get a pawnbroking loan today

Borrow money against your gold and jewellery, get a free quote now.

Get a pawnbroking loan today

Borrow money against your gold and jewellery, get a free quote now.

Three Simple Steps To Pawn Your Item

1

Fill out our simple online form letting us know more about the item.

2

If accepted we will send you a fully insured envelope so we can evaluate your items.

3

We make you a loan offer and if accepted we will send you your money. Your item will be kept secure until your loan is repaid, at which point your item will be safely returned.

What is online pawnbroking?

You might have some knowledge of pawnbroking, and be wondering how an online service differs from a traditional shop-based experience.

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checking a ring

The whole process is, in fact, completely straightforward and gives the customer extra choice when it comes to securing needed funds in a hurry. 

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checking diamonds in a necklace

It gives us the ability to help avoid the need for payday-style loans which can create further difficulties if they aren’t repaid in a timely manner.

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We aim to make our interaction as simple as possible, without the need for credit checks. 

 

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Online pawnbroking offers you the same level of service as you would expect in a high street pawnbroking shop but with 24/7 access to your online account, offering you greater control over your pledge.

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Rather than having to visit a store, you can arrange a transaction and secure the funds that you need from the comfort of your own home, using our fully insured, free postal service. 

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Frequently Asked Questions

Online and traditional (or normal) pawnbroking provide similar services, allowing customers to obtain short-term loans using their items as collateral. However, there are significant differences in how these services operate, primarily due to their medium (online vs. physical).

Here are the main differences between online pawnbroking and traditional pawnbroking:

  1. Accessibility and Convenience:
    • Online Pawnbroking: Typically accessible 24/7, allowing customers to initiate loans from the comfort of their own homes. This is particularly useful for people who do not live near a physical pawn shop or who prefer not to visit one.
    • Traditional Pawnbroking: Requires visiting a physical location during business hours. This can be inconvenient for some but provides a personal interaction that some customers may prefer.
  2. Loan Process:
    • Online Pawnbroking: The process usually involves submitting photos or descriptions of the item online. The pawnbroker then evaluates the item based on this information and provides an initial loan estimate. If accepted, the customer ships the item to the pawnbroker, who then finalizes the loan amount upon physical inspection.
    • Traditional Pawnbroking: Customers bring their item directly to the pawn shop, where it is evaluated on the spot, and a loan offer is made almost immediately.
  3. Item Handling and Security:
    • Online PawnbrokingThere’s a need for secure shipping and handling processes to ensure items are not damaged or lost in transit. This can add time to the loan initiation process but allows for a broader range of items to be pawned.
    • Traditional Pawnbroking: Items are physically handed over and stored securely at the pawn shop. This immediate transfer can feel safer for some clients and allows for a quicker loan approval and funds disbursement.
  4. Customer Experience:
    • Online Pawnbroking: Typically offers a more automated customer service experience, which can include AI chatbots and email support. This might lack the personal touch but can be more efficient.
    • Traditional PawnbrokingAllows for face-to-face interaction, which can build trust and provide a more personalized service. Customers can ask questions and get immediate answersand negotiate loan terms on the spot.
  5. Privacy and Anonymity:
    • Online Pawnbroking: Offers more privacy as the process does not require visiting a physical location, which some customers might prefer for personal or social reasons.
    • Traditional Pawnbroking: While confidential, requires physically going to a location, which might not be ideal for those concerned about privacy.

Online pawnbroking offers a modern, convenient alternative to traditional pawnbroking, making it an attractive option for many people. Here’s why online pawnbroking can be considered better than its conventional counterpart:

  1. Convenience and Accessibility: Online pawnbroking eliminates the need to travel to a physical store. Customers can secure loans from the comfort of their own homes at any time that suits them, which is especially beneficial for those with busy schedules or limited mobility.
  2. Privacy: Engaging with a pawn service online offers high privacy. Users do not have to worry about being seen entering a pawn shop, which some may prefer for personal or social reasons.
  3. Broader Market for Items: Online platforms often can handle various items, not limited by the physical space or regional preferences of traditional pawn shops. This can mean better prices for less common items.

By leveraging technology, online pawnbroking offers a streamlined, user-friendly approach that adapts to the modern customer’s need for speed, convenience, and discretion.

Who uses online pawnbroking services?

All kinds of people use online pawnbroking services.

It offers a quick, straightforward means by which to access funds, and stay in control of your loan.

It can be a realistic option for people who don’t have ready access to other types of financial products due to a poor credit history.

One big advantage of online pawnbroking

One clear advantage of pawnbroker loans over other types of financial services is that no credit check is needed, so your application won’t show on your credit report.

Because of its speed, and lack of impact it makes on an applicant’s credit history, it can be the most appropriate choice.

Online pawnbroking makes the process much easier, expanding the access to pawnbroking loans beyond people who have a pawnbroking shop nearby.

You can expect to pay an online pawnbroker a rate of interest lower than a payday lender.

Representative Example: Total amount of credit: £300 for 7 months. Total amount payable in one instalment: £488.79. Total charge for credit: £188.79 (Interest Only). Interest rate 107.9% pa (fixed). Equivalent to 8.99% per month. Maximum APR 107.9%APR. Maximum payment term up to 7 months