How Much Can I Borrow With a Pawn Loan?
A pawn loan from a local store gives you borrowing power when you need it the most. You've likely heard that these loans are great for securing extra cash quickly and easily, even if you have poor credit, a short employment history, or otherwise generally have a hard time getting approved for bank loans and loans from credit unions. You don't have to work with a financial institution that has strict lending requirements when you take out a short-term loan from us. What you might be wondering about now, though, could be one thing: How much can I borrow with a pawn loan?
Greenbrier Pawn Offers Pawn Loans from $5 to $50k!
Greenbrier Pawn Shop & Jewelry is the only pawn shop you need when you're hoping to take out pawn loans of all different sizes, all with reasonable repayment terms and friendly staff. We follow state law and all local laws when granting our pawn loans, and we offer loans of all different sizes!
Some come to us for smaller loan amounts. After all, the typical pawn loan, on average, is around $150. If you would like to borrow significantly more than the average amount of a pawn shop loan, however, we can help you with that. Suiting the needs of the customer is what's important to us, and we know that some people are looking for financial products that allow them to borrow a little more. We grant collateral-based loans from $5 to $50,000.
How to Get a Bigger Pawn Loan
The idea of taking out more than just the average pawn shop loan might be quite appealing to you, especially if you're short on cash or need to cover a big expense. If you're wondering how to take out a bigger loan from pawn shops like Greenbrier Pawn here in Chesapeake, you do have options!
Get Your Pawn Loan from the Right Pawn Store
First of all, the specific pawn shop that you visit for your pawn loan will impact how much you can borrow! Keep this in mind when you're looking for a pawn broker to do your pawn transaction with. Some shops will estimate your item's value as lower than it really is, which can prevent you from borrowing the extra money that you need. We have a ton of experience with valuing items for a customer who wants a collateral loan. You can count on us to accurately value your diamond jewelry, gold jewelry, or other items of value and offer you a fair price, whether you're pawning or selling.
Bring High-Value Items as Collateral
Put simply, how much you can borrow depends on how much your collateral is worth. Therefore, it only makes sense that if you want to borrow a bigger amount of money when taking out a personal loan with us, you'll need to bring more valuable items. Diamond engagement rings and Rolex watches will make it possible for you to take out a bigger pawnshop loan than a simple silver ring, and high-end musical instruments will help you get a bigger loan than budget brands and models.
Bring Multiple Items as Collateral for Your Pawn Loan
Don't assume you can only use one item of value for your pawn loan, since this simply isn't true. Bring in multiple items -- like multiple video games, or several pieces of fine jewelry -- and we'll look at the value of the item individually on each thing you bring in. This is a good way to get a bigger loan, even without a good credit score!
Do you think a pawn loan will work well for your financial needs? Are you looking for the easy way to take out a quick cash loan? We invite you to come see us at Greenbrier Pawn, a premier pawn shop right here in Chesapeake. We have decades of experience with granting these short-term loans; in fact, we've been in the business since 1996. Got questions? Call us at 757-382-9066.