A pawn loan relate to a financing given to borrowers, in exchange of valuables being charged to the lenders. Unlike other loans such as business loan, SME Loan, Personal loan or Refinancing loan, a pawn loan is more straight-forward. We do not need to assess much on your credit profile and repayment ability. The loan depends on the value of the valuables, where the loan given is only based on less than 50% of the value of the valuables. If the loan amount is provided any higher, then many borrowers may be tempted to consider this transaction as a sale, and not repay back the loan.
This process involves sending pictures of the valuable item to our agent. The item is typically valuables like branded/designer handbags, watches, jewelleries, gold, diamonds, smartphones and famous paintings, will be used as a form of collateral in exchange of monetary loan. Our agent would roughly estimate the loan amount you can get, over the phone. However the actual loan amount is subject to inspection and value determined by the pawn specialist. They will evaluate the pawned item based upon the overall age, condition and current market values. Once you agree with the loan amount, the agent will arrange an agreement with you, after which the money can be disburse to you quickly.
If you are financially strapped and need cash in a hurry, do not hesitate to contact us. We are a licensed money lender who is able to help in your financial woes. We operate in KL such as Ampang, Gombak, Cheras, KLCC, Bukit Bintang, Kepong, Setapak, KL Sentral as well as Selangor such as Petaling Jaya, Puchong, Subang, Bangsar, Rawang, Gombak, Putrajaya, Klang, Semenyih, Kuala Selangor.