Mon - Fri: 9:30-5:30pm
Saturday: 10-5pm
Pawnbroking
Borrow cash secured against your valuables. Loans from £10-£50000. Anything considered.
What is pawnbroking?
Pawnbroking is a quick, easy, and discreet way to borrow money. Using your gold, silver, diamond jewellery, luxury watch, or other valuables as security, you can take out an instant cash loan with no credit checks and 100% confidentiality.
Our rates are competitive and there are no hidden charges or fees. You can borrow anywhere from £10 to £50,000 for up to 6 months with the option to repay your loan at any time.
How does it work?
Simply bring your valuables into our store in Leamington Spa, where one of our experienced staff will value your item and let you know the maximum loan we can offer secured against your items.
Once you have decided how much you want to borrow, we will discuss the terms with you. If agree to the terms, we will complete some paperwork and advance your loan either in cash or via a Bank Transfer.
It is as simple as that.
If you are unable to come into the store, please contact us and we can discuss how we may be able to help you.
What do we lend against?
Cashbrokers Leamington Spa lends money on a huge range of items and assets. Some of the more common items we consistently offer loans against include:
- Gold, Silver, Platinum & Palladium
- Jewellery
- Gents & Ladies Watches such as Rolex, Cartier, Breitling, Omega, and others
- Diamonds
- Gold Coins & Bullion
- Coins & Coin Collections
- Asian Gold
- Antiques
- Medals
We will consider almost anything of value. If you are unsure, please do not hesitate to contact us and we will see if we can help you.
How much can I borrow?
We can lend you anything from £10-£50,000 subject to the resale value of the items you provide as security.
Cashbrokers Leamington Spa can lend you up to 80% of the pre-owned resale value of your item dependent on the type of item left with us.
How much does it cost?
Pawnbroking Loans are designed to be a flexible, short-term form of borrowing. Our competitive interest rate is charged monthly and varies dependant on how much you borrow (see rate table below). The total amount you pay will be dependent on the length of time you leave the loan outstanding.
| Amount Borrowed | Interest Rate |
| £0 – £100.00 | 9.99% |
| £101 – £3000 | 7.99% |
| £3001 – £7500 | 6.99% |
| £7501 – £10000 | 5.99% |
| £10001 – £15000 | 4.99% |
| £15001 – £50000 | 3.99% |
| £50001+ | Call Us |
Repayment Example 1 – (Representative) Total amount of credit: £250 for 6 months. Total amount payable in one installment: £369.85. Total charge for credit: £119.85 (Interest Only – 7.99% per month over 6 months). Interest rate 95.88% pa(fixed) Representative 119% APR.
Repayment Example 2 – Total amount of credit: £3500 for 6 months. Total amount payable in one installment: £4967.90. The total charge for credit: £1467.90 (Interest Only – 6.99% per month over 6 months). Interest rate 83.88% pa(fixed) Representative 101.5% APR.
Loans are secured against an item of value. The amount of the loan is dependent on the value of the asset pawned.
How long do I have to repay my loan?
All our Pawnbroking Loans have a 6-month term. However, you can redeem your items at any time within this period. We only charge you for the period in which the loan is outstanding so the sooner you repay your loan the cheaper it is.
During the term of your loan you can make payments of any amount at any time. This will reduce the total cost of your loan. Once the final payment is made, you will be reunited with your item.
What happens if I do not repay my loan?
Towards the end of your pawnbroking agreement with us, we will contact you with details of the options you have. These are:
1. Coming into the store to pay the outstanding balance and collect your pledged goods.
2. Renew your agreement. Should you wish you can pay the interest owed to date and refinance your agreement. This effectively gives you a further six-months to repay your loan. At this time, you can make additional payments, which would reduce the future interest charges.
3. Do nothing and allow your goods to be sold. Doing this will mean that your items will be sold, and you will incur no further charges. Even if the items do not cover the loan amount your agreement will have been settled and there will be nothing further to pay. Should the amount your items sell for exceed the amount owed under the terms of the agreement (including costs) then we will contact you to return to you the difference.
At Cashbrokers Leamington Spa, we will always try to work with our customers to try to find the best solution for your financial circumstances. The decision to redeem, renew or forfeit your items is entirely your choice. Should you decide not to repay the loan and collect your items, there will be no adverse consequences to your credit rating or your ability to use our services in the future.
Contact Us
Get in touch if you would like to know more about pawnbroking!
