WHAT is a PAWN LOAN?
A pawn loan provides immediate cash by using items you already own as collateral and borrowing money against them. The difference between selling your item and pawning your item is:

Pawn: You own the item and can get it back (or redeem) when you pay back the amount borrowed plus charges which may include service charges and accrued interest.

Sell: You sell your item with the intention of not retrieving it or wanting it back.

What is the minimum and maximum amount of money I can borrow?
Each item is reviewed individually and the loan or sell amount is determined based on the item’s desirability and fair market resale value.

What can I pawn or sell?
Jewelry, Broken Jewelry or Scrap Gold, Fine Watches, Precious Metals and Coins, Loose Diamonds, Luxury Designer Products (handbags & accessories), Apple Products, Musical Instruments

What is the interest rate for my loan?
HOUSTON PAWN offers loans which strictly adhere to the Texas Pawn Code. (insert code number)

How long do I have to pay off my loan?
HOUSTON PAWN offers loans in accordance with the interest rate set by the Texas Finance Code for Pawnbrokers, Title 7, Chapter 371.

Duration: 30 days with additional 30 day grace period at rates of 10%, 15% or 20% depending on the loan amount.  

If, at the end of the contractual term of the loan, you don’t wish to redeem your item, you have the option renew the loan for an additional 30 or 60 days.

If your do not redeem your item or pay accrued interest, at the end of the 30 day grace period, the item will be forfeited and placed in the store to be sold.

Do you provide insurance?
Yes. We are insured by Union Life and Casualty, NY.