FAQs

What is a pawn loan?

A pawn loan is a way to get immediate money by using items you already own. Unlike traditional bank loans, there are no credit checks or financial disclosures. Upon accepting your final loan offer, we directly deposit money into your bank account. You choose your repayment plan. Once you pay off your loan, we ship your item back to you for free and fully insured.

What is the minimum and maximum amount of money I can get from Pawngo?

Pawngo can offer you the cash you need! We review each application individually. Each loan or buy offer is determined on a case by case basis.

How do You Determine the Monthly Rate for my Asset?

The monthly rate for your asset is determined by your loan amount.

How long do I have to pay off my loan?

Pawngo promises to work WITH you on repayment plans. You can set up month to month interest-only payments or you can pay off your interest and your principle in 6, 12, 18, and 24 month loan terms. Talk to your Pawngo Rep about what payment plan makes the most sense for you!

What can I pawn with Pawngo?

Good question! The most popular assets we accept are:

  • High end jewelry
  • Fine watches
  • Precious metals & coins
  • Loose diamonds & precious gemstones
  • High end DLSR cameras & equipment
  • Brand name musical instruments
  • Luxury handbags
Learn More about What Assets We Accept

What if I don't see my item listed under ‘Assets We Accept'?

Pawngo purchases and offers pawn loans on a wide range of assets. If you're not sure if we accept your asset, Contact us directly!

How is my final loan offer determined?

At Pawngo, we care about customer satisfaction. Our goal is to loan you the money you need!

Your final loan offer will be based on the in-house evaluation of your item, which will be conducted by our expert GIA Evaluations Team. Factors that influence your final loan offer include your item's current condition, its value & real-time pricing data.

Do I have to make monthly payments?

If you pawn an item with us, the interest you owe each month will be debited directly from your bank account.

Do I have to have a bank account to pawn my item?

Yes. If you conduct a financial transaction through Pawngo, you are required to own a bank account. All funds for pawned items and sold items are received via an electronic funds transfer, which is directly deposited into your bank account.

Are there any extra charges I should expect when pawning an item with Pawngo?

At Pawngo, we are completely transparent and upfront with all costs. When you pawn an item with us, you will NEVER encounter hidden fees or extra charges. There are ZERO storage, service and pawn ticket fees.

Do you provide insurance?

Your item is fully insured during shipment, the entire duration of its loan period, and return.

Learn More about Pawngo's Insurance Policy

Pawngo's Insurance Certificate

Do you cover the cost of shipping?

We use FedEx for all shipments and fully cover all costs associated with your item's shipment and delivery. Adult signature is required at time of delivery and return to your door.

What happens to my item if I decide not to pay back my loan?

Pawngo rarely defaults pawn loans. 85% of our customers reclaim their pawned items. Since we hate selling items of sentimental value, our financial department is always willing to work with you to figure out a repayment plan. If you absolutely cannot pay off your loan, we will eventually attempt to resell your item.

Will defaulting on a loan from Pawngo affect my credit score?

We do not report people to credit agencies.

What are acceptable payment methods?

If you pawn an item with us, we will electronically deposit money directly into your bank account. The interest you owe each month will be debited directly from your bank account as well. Unfortunately, you must have a bank account in order to pawn an item with Pawngo. We also require electronic transfer of funds and do not accept monthly payments via paper check or cash.

How does Pawngo store my item?

Your item is bar-coded and stored within a secure vault for the entire duration of its loan period. Our vault is located in our Secure Operations Lab that is only accessible via biometrics security.

Learn More about Storage & Security at Pawngo

Can I buy items from Pawngo?

Soon! In the mean time, please check out our eBay store, which is located here: myworld.ebay.com/pawngodeals

Items Available for Purchase

  • High end jewelry
  • Fine watches
  • Precious metals & coins
  • Loose diamonds & precious gemstones
  • High end DLSR cameras & equipment
  • Brand name musical instruments
  • Luxury handbags