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The BoonIt Process

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Our application process is simple and easy to understand.

It could be the ideal solution if you are struggling to access a personal loan, or you simply need a flexible short-term loan.

We understand that your item could have much more than just monetary value for you, so we work with you to ensure that if you want to redeem your item, you will have it safely returned to you upon repayment of your loan.

The process of applying for a loan is incredibly simple:

  • No credit check or proof of income is required.
  • You can borrow up to 70% of the value of your item, for loans from £10 to £50,000, for up to seven months.

Once your loan is approved you will need to supply proof of identity, such as a passport or driving licence, which you’ll be able to upload via your portal.

If you wish to have your loan paid directly into your bank account, you’ll also need to supply your bank details.

If for any reason you don’t wish to accept the loan offer we give for your item, we’ll return your item via fully insured Special Delivery.

We will ask you the amount you wish to borrow for your item(s). 

  • You can borrow up to 70% of the value of your item, for loans from £10 to £50,000, for up to seven months.

Once we have evaluated your items(s) we will then discuss your requirements with you and offer you a loan that best suits your needs. To protect you and to help prevent debt we won’t be able to lend more than 70% of the value of your item(s).

We will ask you to provide as much information as possible, about your item, whilst filling out the application form. Don’t worry if your unsure of anything, this is just to give you the most accurate valuation prior to you sending your items to us. Once your items are received our expert valuers will assess them to give you a final offer.

We will send you a pawnbroking pack to help you prepare your items to send to us. This will include a prepaid, fully insured, Royal Mail Special Delivery envelope. Once received just follow the instructions inside placing your valuables in the secure box provided and take to your local Post Office.

If you can’t send your items to us, we can now come to you. All you will need is access to a printer to print your label and we will do the rest.

Once your item has been received and our valuer has checked over it, our pawnbroker will be in touch to offer you a final loan amount and discuss the interest and loan agreement with you. If you are happy to proceed with your loan we may require you to upload your proof of ID to us, this can be done via your online account portal.

We will then send you your cash via your preferred method of Cash or Bank Transfer.

Remember, if for any reason you don’t wish to accept the loan offer we give for your item, we’ll return your item via fully insured Special Delivery.

Your loan agreement will contain details of your loan. This will include the amount borrowed, when it is due to be repaid, and the interest rate that is being applied. 

Should you choose to reject the agreement your items will be returned to you via insured Special Delivery. 

To Withdraw from the agreement, you must give notice within 14 days, and you will be required to repay the loan amount plus simple daily interest to cover the withdrawal period.  

Make sure you take your time to read through the loan agreement carefully, it’s there to protect both us and you from anything going wrong

You can check the status of your loan 24/7 via your online account portal. This will give you an updated amount of the current interest accrued and amount outstanding to pay of your loan in full. It will also help you to keep track of your loan so you will make sure not to miss the end date. Don’t worry though if you do forget about it, we will send you reminders before we look to sell off your loan and we will give you 14 days notice of intention to sell.

You can make payments towards your loan via debit card on your account portal, alternative ways to pay are via bank transfer stating your account number as a reference. 

If you are having issues, don’t panic, you can pick up the phone to us and one of our customer service team will be happy to help you.

If you’re not able to redeem or renew the loan and you wish to forfeit your pledge, don’t worry, we may seek to recover our monies by auctioning your items to attain a fair market price. Once the item has been sold any surplus after debt and costs are paid will be returned to the customer. If the sale value doesn’t cover the costs, we will not chase you for debts. This only applies to loans over £75. 

A member of staff will communicate with you prior to sending your items to Auction to try and work with you to give you the help you may need to repay your loan.

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Ready to get started?

Pawn broking offers a quick, straightforward means by which to access funds.

View our Representative Loan APR, our guarantee or contact us if you have any questions.