Pawnbroking
Services

Pawnbroking is simply the lending of cash against an item of security deposited with a pawnbroker. As it is your own property that secures the loan, in a way it is like borrowing from yourself!

Once approved
your cash loan
is instant
Borrowing from Pickwick Pawnbrokers
is clear and straightforward
1 Leave an item of value with us as security and agree your loan amount
2 Sign your loan agreement
3 Receive your cash - or have the funds wired directly to your bank account (available within 2 hours)
4 Repay anytime you want within 7 months and collect your goods

What items can I pawn?

We will lend against anything that has a value! Typical items are listed below.
Make an online enquiry - get an estimateWhether you are looking to raise a pawnbroking cash loan or sell an item, complete our online enqury form and we'll be able to provide you with a estimate to the amount we can lend to you or purchase your item for.Enquire now!
 

What will the loan cost me?

We offer 7 month cash loans secured against items of value. Please note you can redeem your item at any time from day 1 to month 7. Take a look below at our Representative Example. Sums from £5 to £50,000 available.

Making part payments

If you take out a loan with Pickwick, we encourage you to make part payments against your loan - you can do this in-store, or for part-payments up to £250.00, by telephone. This will not only reduce the amount you owe, but will reduce the overall cost to you by reducing the amount of interest you will ultimately pay. You can of course make an early redemption of the whole contract at any time.

If you pawn more than one item on a single loan agreement you will not be able to redeem them separately, so please also note that if you wish to place more than one item on a single pawn contract, you do need to take into account that any part payments you make are taken against the debt as a whole and not a particular single item within the contract. We advise that you consider this carefully when pawning more than one item and if you wish, we will always be happy to pawn individual items on individual tickets if it helps you. Our staff will be happy to assist you in this regard and as ever, if you have any questions at all about your transaction, please do ask us at the time, or anytime.

Representative Example
Amount of credit Period Total amount payable
Monthly Interest Rate
£300 7 months £510.00 10%
Representative 148.3% APR

Our loans tend to be fairly small sums for short periods of time - though we can make loans up to £50,000 and you have a full 7-months term. You can repay your loan at any time during the term - the shorter time you have the loan the cheaper it is for you. For example, if you borrow £100 for 5 weeks at 10% monthly interest you will repay just £115.02 (APR 148.3%).
Other Example £600
Amount of credit Period Total amount payable Monthly Interest Rate
£600 5 weeks £678.51 (APR 122.4%) 8.49%
     
£600 15 weeks £791.25 (APR 122.4%) 8.49%
Other Example £2,500
Amount of credit Period Total amount payable Monthly Interest Rate
£2,500 5 weeks £2,742.19 (APR 84.2%) 6%
     
£2,500 15 weeks £3,078.19 (APR 82.4%) 6%
Our monthly interest charges
Loan Value Interest charge (simple monthly) APR%
£1 - £500 10.00% 148.3
£501 - £2,000 8.49% 122.4
£2,001 – £5,000 6.00% 84.2
£5,001 and upwards 5.00% 67.2
Key facts
1 Loans from £5 to £50,000
2 You only pay for the number of days you have the loan. You can make part payments on loans - including up to £250 by telephone
3 All loans available for up to 7 months
4 All loans are renewable (but we would encourage you to repay at least 10% of your loan at the same time where you are able to)
5 Property never becomes Pickwick’s - if you choose not to repay, when the property is sold, you get any surplus on the sale
Early Repayment Please note however, early redemption will trigger your repayment amount being calculated by Early Settlement Regulations 2004. Read More

Early Repayment

You have the right to repay what you owe under this agreement early, either in full or in part. To do so you must give notice to the pawnbroker, orally or in writing, to the contact details given above and make the payment within 28 days of the notice or on or before any later date specified in the notice. The loan is for the period set out above but it can be repaid early in whole or part in which case the amount repayable (for early repayment in full) or the amount outstanding (for early repayment in part) will be calculated in accordance with any rebate due under the Consumer Credit (Early Settlement) Regulations 2004.

However, if the amount you repay early, in whole or in part, exceeds £8,000 in a single payment or a number of payments over a 12 month period, the pawnbroker may be entitled to compensation under section 95A of the Consumer Credit Act 1974 equal to the costs incurred provided that these are fair, objectively justified and do not exceed the total amount of interest you would have paid under the agreement from the date you make the payment to the date fixed under the agreement for discharge of the indebtedness.

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Have a question?

Have a question about pawnbroking? Click here to read answers to those most commonly asked

Note:
You must be 18 years of age to take out a pawnbroking loan
Come in and try us - you will be pleasantly surprised how quick and simple getting an instant cash loan can be!
Our Services
I.D. Requirements
1
Recent proof of your address (such as a utility bill, driving licence, bank statement or medical card, etc.)
 
2
Please bring orginals (as photocopies cannot be accepted)
 
Instore Security Booth
To ensure that your transaction is dealt with total discretion and confidentiality Pickwick Pawnbrokers have secure privacy booths.
 
Common Questions
 
Instant cash loans secured against jewellery, watches and other items of value from £5 to £50,000 available for up to 7 months.
 
© Pickwick Investments Limited 2015
Registered Office: 1st Floor, Healthaid House. Marlborough Hill, Harrow HA1 1UD.
Registered in England and Wales No. 4366252
Head Office 14 High Street / Dartford / Kent DA1 1BY
Pickwick Jewellers & Pawnbrokers are authorised and regulated by the
Financial Conduct Authority for the provision of pawnbroking loans.
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