What is a Pawnbroking Loan?
A Pawnbroking Loan is a short-term loan secured against items of gold, silver, diamond jewellery or quality watches. The amount of the loan is dependent on the item(s) provided as security. Unlike the local competition, WE ONLY CHARGE BY THE DAY!
During the term of the loan, you can make payments of any amount and at any time to suit you. By making these payments you will reduce the cost of your loan. Interest accrues on a daily basis and our representative APR is 107.10% for a primary 6-month loan term. When you make your final payment to repay the loan you will receive your item(s) back.
A Pawnbrokers Loan is often a viable alternative to a conventional loan
There is no form filling or credit checks
The loan is immediate and based solely on the value of the item pawned
You retain ownership of your items
You only pay interest for the time the loan is outstanding
We only charge by the day, not monthly like the competition
You can make payments of any amount and at any time to suit you. By making these payments you will reduce the cost of your loan
PAWNBROKER RATES FROM 4.99%
Cash Concepts, Pawnbrokers in Romford will lend against almost any item of value and advance cash on the spot.
- A Pawnbrokers Loan is often a good alternative to a conventional loan
- There’s no form filling or credit checks
- The loan is immediate and based solely on the value of the item pawned
- The loan is in cash
- You retain ownership of your items
- Confidential service
- You only pay interest for the time the loan is outstanding
- No Setup fees
Rates
| Rate (%) | Start Range | End Range | APR (%) |
|---|---|---|---|
| 8.29 | £1.00 | £299.00 | 124.22 |
| 7.99 | £300.00 | £499.00 | 118.86 |
| 7.49 | £500.00 | £999.00 | 110.08 |
| 7.29 | £1,000.00 | £1,499.00 | 106.61 |
| 6.79 | £1,500.00 | £2,999.00 | 98.08 |
| 5.99 | £3,000.00 | £4,999.00 | 84.80 |
| 4.99 | £5,000.00 | £9,999.00 | 68.84 |
Representative Example: Total amount of credit: £1000 for 6 months. Total amount payable in one instalment: £1473.40. Total charge for credit: £473.40 (Interest Only). (7.29 %) Interest rate 87.48% pa (fixed). Maximum APR 107.10% APR. Maximum payment term up to 6 months.
Maximum Annual Percentage Rate
Otherwise known as APR
The Maximum APR on our products is 124.22 % APR.
Repayment Terms
You can borrow the value of your item, from £10 to £10,000 for up to six months.
The Maximum period of repayment we offer is a payment term up to 6 months.
Pawnbroking Loans are secured on your items, if the loan is not repaid they will be sold to pay the debt.
Taking out a loan against your valuables is the ideal solution if you are struggling to find a personal loan, or simply need a flexible short-term loan. We fully understand that your item might have much more than a monetary value, so we want to work with you to make sure you are one of the 80% of our customers who get their item back after successfully repaying their pawnbroker loan.
If your pawned items are not renewed or redeemed at the end of the contract, we may seek to recover our monies by auctioning your items to attain a fair market value. This only applies to loans of £75 and over.
PROOF OF IDENTITY
1 proof of identity (must be in date and valid for the term of the product) such as:
- UK Passport
- UK Photo-card driving license
- EU Passport (for non-UK nationals from an EU country)
- EU National ID card (for non-UK nationals from an EU country)
- Non-EU Passport (for non-UK nationals from a country outside the EU) and proof of residency or work permit issued by the UK Border Agency
- Non-EU ID Card (for non-UK nationals from a country outside the EU) and proof of residency or work permit issued by the UK Border Agency
- Old style UK driving license, plus an additional proof of address (from the list below dated in last 3 months)
- Document issued by DWP to confirm entitlement to benefit, tax credit or pension (dated in last 3 months); plus, proof of DOB (i.e. Birth Certificate)
- Document issued by HMRC to confirm payment of income tax or income tax rebate (dated in last 3 months); plus, proof of DOB (i.e. Birth Certificate)
PROOF OF ADDRESS
1 proof of address dated in last 3 months, such as:
- Utility Bill
- Council issued correspondence, i.e. council tax letter, rent or housing benefit letter
- Credit card statement
- Insurance documents
- Other document issued by a government body, i.e. evidence of job seekers allowance or other benefits
Authorised and regulated by the Financial Conduct Authority for consumer credit. This can be confirmed on the Financial Services Register, which can be found at http://www.fca.org.uk/register.
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