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Michigan's Largest Pawnbroker Since 1923

Loan Terms & Conditions

LOAN TERMS AND CONDITIONS

All loans will be held for THREE (3) MONTHS ONLY. If at Maturity of loan, interest is not paid, pledge will be sold WITHOUT NOTICE.

A 14 day grace period will be given to all loans for an additional charge of 1 month interest plus a $4.00 service fee for Jewelry Loans.

All Non-Jewelry Loans less than $100.00 have a $5.00 service fee.

All Non-Jewelry Loans $100.00 and greater have a $10.00 service fee.

There will be a charge of $1.00 per month or fraction of a month for the storage of all property under a single pledge or pawn.

Minimum charge of FIFTY (50) CENTS PLUS $1.00 Storage.

All loans are subject to at least ONE (1) month’s interest charge. Interest is charged per month or any fraction of a month.

All loan payments and redemptions are CASH only.

Not responsible for loss by fire, burgerly, or any other unavoidable accident.

NO GOODS SHOWN UNLESS PAID IN FULL

Not responsible for pledged item when tickets are lost or stolen. Not responsible for pledged item when ticket has been reported lost or stolen, Lost ticket can only be redeemed by the original pawner with state ID or drivers license. $10.00 CHARGE FOR LOST, STOLEN, OR DAMAGED TICKET.

*Due to Federal Regulations, the Annual Percentage Rate (APR) must include Storage Fees. This addition to the 3% interest on a standard loan can vary the APR.

Dealers Minimum Annual Percentage Rate (APR), which includes interest plus $1.00 per month storage is 24% Annually, or 2% a month.

Dealers Maximum Annual Percentage Rate (APR), which includes interest plus $1.00 per month storage is 36% Annually, or 3% a month.

Minimum Annual Percentage Rate (APR), which includes interest plus $1.00 per month storage is 36% Annually, or 3% a month.

Maximum Annual Percentage Rate (APR), which includes interest plus $1.00 per month storage is 360% Annually, or 30% a month.

EXAMPLE:

A $5.00 Loan at 3% interest plus $1.00 is 30% a month, 360% Annually, ($5.00 loan + $.50 one month interest + $1.00 Storage) total payoff  is $6.50 first month, $8.00 second month, and $9.50 third month.

A $400,000.00 Loan at 2% interest plus $1.00 storage is 2% a month, 24% Annually, ($400,000 loan + 8,000 one month interest + $1.00 storage) Total payoff is $408,001 first month, $416,002 second month, and $424,003 third month.​

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