How a Pawn Loan Works

Pawning has an old-fashioned reputation, but the idea is simple, and for many people it is a sensible way to raise money without selling something they love. We have been lending against watches and jewellery since 1983. This is how it works.

The idea in one minute

You leave something valuable with us as security. We lend you money against it. You repay the loan within the agreed time, and you collect your item. While it is with us, it is stored safely. Because the loan is secured by your item, it is quite different from a bank loan. What matters is what the item is worth, and that is why we look at it so carefully.

What can you pawn?

We lend against watches, jewellery and diamonds, heavy assets.

Step by step

1. Bring it in, or send photos first. You can walk into either shop, or message us on WhatsApp with clear photos to get an idea before you visit. 2. We examine and value it. We check that it is genuine, look at its condition, and work out what it is worth today. 3. We offer you a loan. The amount is based on the item's value. We explain how we arrived at it. 4. We go through the agreement. You will see the loan amount, how long you have to repay, and what it costs, written down before you decide. Your interest payment is due monthly from the day you pawn your item. 5. You take the money, we look after the item. Photo ID is required, and we record the details as we are obliged to. 6. You repay and collect. When you repay the loan as agreed, your item is returned to you.

“You should know exactly what you owe, and by when, before you leave the shop.”

What if you cannot repay on time?

Talk to us before the deadline, not after. Often there is a way to agree more time. If a loan is neither repaid nor extended, the agreement explains what happens next, which can include the item being sold. This is why we go through the terms with you in full at the start.

Pawn or sell?

The question to ask yourself is simple: do you want the item back? If you do, and you just need funds for a while, pawning may be right. If you are ready to part with it, selling is usually simpler. Our post on how to sell a Rolex in Marbella explains that side, and you can read about selling to us.

Common questions

Do I get the same item back? Yes. The item you leave is the item returned to you once you have repaid.

Do I need the box and papers? No, but they help us value the item with confidence.

Can someone else collect the item for me? We will need permission from you and confirmation of the persons name and a photo ID.