pawn loan at pawn shop

Pawn Loans

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What's the Pawn Value?

Want to know the pawn value of something right now? Give us a call and one of our specialists will assist you.

Pawn Quoting

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What is a Pawn?

A pawn is a collateral-based loan. A customer brings in an item of value and leaves it with the pawnbroker to secure a short-term cash loan. Loans are made for 30 days, but a state-required 60-day holding period means that the customer may leave his or her pledged items in the pawnshop for 90 days without any concern that their item will be sold

What sorts of items do you loan on?

We will make loans on almost anything of value that we can safely store in that location. Common items that customers bring to our store include gold and silver jewelry, firearms, tools, televisions, video game systems and games, musical instruments, stereos, cameras and even DVD movies.

Check out our inventory

Note: If your item is very large or you have any question about it, feel free to call one of our locations.

How much can I borrow?
  • Loans are based on the wholesale value of your item in its present condition. You can assume you will receive roughly half of what a similar item would sell for used, or about 25% to one-third of the new price of a similar item.
  • But I paid a lot more than that!
  • Yes, but your item is no longer new. More importantly, if we loaned the full retail value of your item there would be no reason to reclaim your merchandise. You would just go buy a new item from the store, rather than pick up your used item. Remember, you are not selling your item. You are merely borrowing against its value. You will get your item back when you redeem your loan.
  • Do I have to borrow the maximum value of my item?
  • No, in fact, most people only borrow the amount they actually need, even if their item is worth a lot more. The more you borrow, the harder it is to redeem your item. There is no reason to borrow more than you need.
Who can take out a pawn loan?

Anyone 18 years old or older with a valid government-issued photo ID can take out a pawn loan. You do not need to have a job or bank account. Obviously, you must be the rightful owner of the property you leave for collateral. You cannot pawn items that don’t belong to you or that are subject to rental agreements or liens.

Can I pawn my gun?

Sure! We are a licensed firearms dealer and can make loans on guns. When you redeem your firearms loan you will have to fill out the federal paperwork and undergo a background check before you get your gun back. Picking up a pawned firearm is exactly like buying a gun. If you can’t pass the background check, you will not be able to get your gun back. In addition, no one else can pick up your firearm for you.

What are the terms of the loan?
  1. Kansas Terms
    In Kansas, our loans are written for (1) month with a (2) month grace period @ a rate of 10% per month or any part of a month. You can make payments and keep the item(s) in as long as you need to. If you redeem (pick up) your loan you can bring it back anytime and the get the money you need again. If you choose not to redeem (pick up) your loan, there is nothing to worry about. Once the loan expires, we just process the item(s) and put it out for sale. 2. Lincoln, Nebraska Terms In Nebraska, our loans are written for (1) Month with a 3 month grace period @ a rate of 15% per month or any part of a month. You can make payments and keep the item(s) in as long as you need to. If you redeem (pick up) your loan you can bring it back anytime and the get the money you need again. If you choose not to redeem (pick up) your loan, there is nothing to worry about. Once the loan expires, we just process the item(s) and put it out for sale. 3. You can make payments any time during the loan term or feel free to pay in full before the loan expires.
Who can pick up my pledged items?

The receipt you receive when you take out your loan is a claim ticket. Anyone who possesses that ticket may claim the item. The only exception to this is firearms. Generally, we will only allow the original pledgor to redeem a firearm.

What happens if I can't pay back my loan?

The only consequence of a pawn loan foreclosure is that you lose your pledged item. We do not report the loan foreclosure to any credit bureau or agency. No one will know that you did not redeem your loan. Also, loan foreclosures do not prevent you from taking out more loans in the future.

 Our goal at Capitol City Pawn is to make the pawn loan process as easy as possible. If you still have questions after reviewing the information on this page, please email us or call the location nearest you.

 

PAWN LOAN PROCESS

Capitol City Pawn Shop Inc. stores loan money on a wide range of products. From tools, electronic, jewelry, video games, DVD’s, firearms and much more. If you need to borrow $10 up to $5000, and are not sure what to bring in or how much you can borrow, just send us an email, call, and we will do our best to give you an estimate.  

Kansas Example

In Kansas, our loans are written for (1) month with a (2) month grace period @ a rate of 10% per month or any part of a month. You can make payments and keep the item(s) in as long as you need to. If you redeem (pick up) your loan you can bring it back anytime and the get the money you need again. If you choose not to redeem (pick up) your loan, there is nothing to worry about. Once the loan expires, we just process the item(s) and put it out for sale. Borrow $50 on March 5th , come back in on April 5th and pay only $55. If you decide you need more time, all you need to do is make a payment to extend your loan. On this loan it is $5 per month or any part of a month. If you have any questions, please email, call any of our locations nearest you.