Is 2.5% Interest Low Enough For You?

Pawn rates are not excessive.  A collateral loan is many times cheaper than using a credit card.  To provide their service, all lenders must charge rates commensurate with the size and duration of the loan, collateral, risk and recourse. Pawn transactions are small-dollar, short-term loans with no hidden charges.

In California the pawn interest rate is controlled across the entire state.  

There is a 2.5% interest rate charge per month on the principle (loan amount) on loans including but not more than $225.00; 

2% interest rate charge per month on the principle (loan amount) of loans written for more than $225.00 including but not more than $899.00; 

1.5% interest rate charge on the principle (loan amount) on loans written for more than $900 including but not more than $1,649.00; 

1% interest rate charge on the principle (loan amount) on loans written between the amounts of $1,650.00 and $2,499.00. 

THE CHEAPEST LOAN BECAUSE YOU DONT MAKE A PAYMENT FOR 4 MONTHS.