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Loan Terms

New York One Pawn offers (4) four-month collateral loans with a monthly interest rate between 2% (24% APR) and a maximum rate of 4% in accordance with New York State law for collateral loans. We have no hidden costs or fees and your pawn ticket will clearly indicate all details of the loan.

No payments are necessary until the loan is due in 120 days.

Loan extensions are also available if you need more time to pay.

Example #1: For a 4% loan, if you borrow $1,000 dollars and pay within the first month, you will pay back $1,040.
Example #2: For a 4% loan, if you borrow $10,000 dollars and pay in full at the end of two months, you pay back $10,800.

New York One Pawn also provides loan extensions if you need more time to pay back your loan.

Example #3 (with loan extension): For a 4% loan, if you borrow $1,000 and pay the $160.00 interest due at the end of the 4th month, you then have the option to extend the loan for an additional 4 months.

*Repayment required between 61 and 120 days although you can pay back the full loan plus interest at anytime before (4) months.

 

You must be at least 18 years old and have a government-issued ID (driver’s license, passport, etc.) to obtain a pawn loan.

No. You are welcome to Walk-in or Call anytime during normal business hours.

We primarily lend against jewelry, gems and precious metals like gold, silver and platinum. In some cases, we also accept luxury items including watches, unique sports/entertainment memorabilia, handbags, silver flatware, rare coins and Apple products.

Yes. If your valuables meet our requirements, we are happy to offer a loan against your collateral or outright purchase.

New York One Pawn makes the security of your valuables a top priority. Your merchandise is sealed and secured either in our safe or in a secure vault. We treat all of our client’s valuables with the utmost care.

A pawn loan is another term for a collateral loan. Pawnbrokers lend money on items of value including gold, silver, jewelry, watches, diamonds and other luxury goods. Loans are based on the value of the collateral. When a customer pays back the loan, their merchandise is returned to them. A customer may also choose to give up their collateral as payment for the loan in full. Pawnshops may also offer extensions/renewals as permitted by state and local law.

Pawnbrokers offer consumers a quick, convenient and confidential way to borrow money. A short-term cash need can be met with no credit check or legal consequences if the loan is not repaid. In short, a pawn loan is a simple, safe and fast way to get a cash loan for your valuables.

A pawn loan is another term for a collateral loan. Pawnbrokers lend money on items of value including gold, silver, jewelry, watches, diamonds and other luxury goods. Loans are based on the value of the collateral. When a customer pays back the loan, their merchandise is returned to them. A customer may also choose to give up their collateral as payment for the loan in full. Pawnshops may also offer extensions/renewals as permitted by state and local law.

Loan amounts will vary depending on the value of the item as well as any maximums set by state laws. Your loan amount will also be determined according to other factors such as the demand and condition of the item.

New York One Pawn Shop provides free appraisals. We determine the value of your item based on its current condition and the ability to sell the item. We use a variety of sources to determine the current market value of your items including prices available locally and online.

The appraisal process varies depending on the type of item. For example, jewelry and precious metals are tested for purity and weight. In other cases, we may test your item to ensure it works properly.

Yes, pawnbrokers are governed by federal laws that apply to financial institutions. States and local governments also regulate the pawn industry to ensure consumers are protected.

New York One Pawn provides free appraisals. We determine the value of your item based on its current condition and the ability to sell the item. We use a variety of sources to determine the current market value of your items including prices available locally and online.

The appraisal process varies depending on the type of item. For example, jewelry and precious metals are tested for purity and weight. In other cases, we may test your item to ensure it works properly.

Yes.

New York One Pawn is licensed by the New York City Department of Consumer Affairs. Our license number is 2097593.

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