This Should Answer Most Of Your Questions About Loaning Or Selling Merchandise With Axels Pawn Feel Free To Call With Any Questions:
How do pawn loans work?
Pawn loans are the quickest way to borrow money without a credit check. Loan amounts are based solely on the value of your item that is used as collateral.
Pawn loans in Washington State are 30 days plus a 60-day grace period (90 Days Total). If you cannot pay back your pawn loan in full, including any applicable charges, you may choose to renewal it to give you extra time. You may also choose to surrender your collateral as payment in full.
We can provide pawn loans on a variety of items, including Gold Silver and Diamond Jewelry, electronics, collectibles, antiques, and more. Simply bring us an item of value, along with a valid state issued ID and we’ll get you cash within minutes of your loan approval.
What is a loan renewal?
You may also renew your loans using our exclusive Axels Mobilepawn App.
Call for details on Mobilepawn: (509)535-2251
Will I lose my pawned item?
How do you determine an item’s worth?
Our experience staff will always offer you the highest value for your items, if you only need less than that we are happy accommodate you. We are available for consultation in person or via phone anytime during our hours of operation.
How do you determine the condition of an item?
How do you determine the value of jewelry?
Aside from our visual inspection, we also test jewelry using various other testing methods which will let us know the amount of precious metals contained within the item. Once the item is weighed and assessed we will offer as much as we are able.
we also have a very sensitive diamond tester that will recognize lab grown diamonds, a new product that has recently hit the retail market. Lab grown diamonds still have value though it is significantly less than natural diamonds. We will also check any of your jewelry for lab grown diamonds at no charge.
How do you determine the price of gold?
Our staff updates the spot value of silver and gold every morning to assure you are getting the most we can offer.
The price of gold changes constantly due to a variety of factors. Some common factors include the following:
- Market speculation
- Currency valuation
- Worldwide demand
- Gold production
Do you give quotes for items over the phone?
Why does the loan amount differ from the selling price at retail stores?
We offer you as much as we can while still allowing room to pay for the cost of storage, insurance and other costs of doing business.
Is my collateral safe while in pawn at Axels Pawn?
Are pawn shops regulated?
We are also long standing members of bot the WA. State Pawnbrokers Association and the National Pawnbrokers Association
Rates and Terms
Axels Pawn has the lowest Cash Pawn Loan interest rates in the area. Depending on the loan amount… We offer Monthly interest charges as low as 2.9% per month. (See example below)
There is No Minimum or Maximum period for repayment. Our cash pawn loans run on a 90-day basis and can be renewed as many times as you need.
Axels Pawn is also MLA compliant and offers loans with a fixed rate of 35% APR with all fees included.
After you take out your loan, you’ll have 3 options to get your item back. First, you can come to pay off your entire loan anytime within the first 90-day term and get your item/s back. Second, you can come to pay just the minimum on your loan which is the interest payment within 90 days.
Finally, unlike most traditional pawn shops, Axels Pawn doesn’t want you to lose your valuables. Therefore, we will let you make payments towards your principal loan balance along with the interest payments. You can get your valuables back once your loan is paid in full.
Axels Pawn Does Not Require loans to be repaid within 60 days of the loan date.
- Loan Amount: $20,000
2. APR: 35%
3. Monthly Interest: $583.33
Axels Pawn & Gold offer the best item-backed loans in the area. Our plans are flexible, with no minimum repayment period and no maximum repayment period. Our interest rate is 2.9% per month or 35% APR when clients borrow 20-35% of the liquid wholesale value of their pledged collateral over $10,000. For example, if you have an asset with a liquid wholesale value of $30,000 and borrow $10,000, your interest would be $291.66/month. If you borrowed the money for 90 days, your total pay back amount would be $10,875. Our lowest loan rate is 0% for loans written on Saturday and paid in full within 48 hours, on the first following Monday, will be charged nothing but the principal amount. If you have any more questions, please review our FAQ page or give us a call.
-Customers bring in an item of value.
-Pawnbroker offers a loan based on a percentage of the item’s estimated resale value.
-The pawnbroker then keeps the item until the customer repays the loan with interest and any additional fees that may apply.
We offer pawn term arrangements as low as 35% APR Interest Rate on $10,000+ pawn loans.
The loan repayment is based on a 90-day repayment period with no maximum repayment period.
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For Google Compliance for Personal Loans and Pawn Shops
- Axels Pawn Has No Minimum or Maximum Term for our loans. If you receive a loan from Axels Pawn you are allowed to pick up your loan the very next day OR keep your loan here as long as you would like. Interest accrues on a monthly basis and must be paid accordingly.
- Maximum APR on MLA Loans is 35%, APR Max.
- The total cost of an MLA Loan will not exceed 35% APR even after all applicable fees are applied.
- Axels Pawn Does Not Require loans to be repaid within 60 days of the loan date.
- For example, if you have an asset with a liquid wholesale value of $25,000 and borrow $10,000, your interest would be $291.66/month. If you borrowed the money for 3 months, your total payback amount would be $10,740.
- For more information visit our loans FAQ