What is a pawnbroking loan?
A pawnbroking loan is a secured loan where you provide an item of value as collateral. This allows you to borrow money quickly while using your asset to guarantee the loan.
At Conon Capital, we understand that life can throw unexpected financial challenges your way. That’s why we offer quick and reliable pawn services with a fair assessment of your items.
Our commitment to providing home delivery of cash, lower rates, and a higher loan amount than our competitors sets us apart. With convenient locations and a robust online presence, we’re here to help you when you need it most.
Need urgent cash? Our quick cash loans ensure you receive the funds you need without hassle.
We believe everyone deserves access to financial assistance, which is why we offer loans without credit checks.
Enjoy lower interest rates compared to other pawn shops, ensuring you get the best value for your items.
With several locations across Florida, accessing our services has never been easier.
Are you in need of pawn shop loans and looking for a trustworthy pawnbroker in Florida? At Conon Capital, we offer reliable pawn services with a commitment to customer satisfaction. With convenient locations across the state, you’re never far from our assistance. Visit us today or schedule an appointment with our experienced valuation specialists who are ready to assist you.
A pawn transaction is a straightforward agreement that has roots dating back to ancient times. It provides a smart solution for accessing short-term funds. You simply bring in an item of value, which serves as collateral for the loan we provide. Your items are securely stored while you benefit from the cash advance.
Our loan terms typically allow you to redeem your items within a maximum of 90 days. However, you have the flexibility to repay your loan and retrieve your item at any point during this period, ensuring you’re not locked into a lengthy commitment. The details of your loan, including repayment amounts and interest, are clearly outlined in your agreement.
Loan Amount | Monthly Interest Rate | APR % (Annual Percentage Rate) |
---|---|---|
$0 – $4999.99 | 6.5% | 93.21% |
$5,000 – $14,999.99 | 6.0% | 84.96% |
$15,000 – $49,999.99 | 5.0% | 69.00% |
$50,000+ | 4.0% | 53.76% |
All our loans are structured for a term of 6 months and are secured against your valuables. The maximum APR, including all fees, is 93.21%. While the minimum and maximum repayment term is 6 months, you can redeem your loan at any time during this period. If you choose to repay your loan early, you will only need to pay the original loan amount along with any accrued monthly interest.
For a loan amount of $1,000 with a term of 6 months and a fixed interest rate of 6.5% per month, the total interest will be $390 over the loan duration. The total amount repayable in one installment at the end of the term will be $1,390. The representative APR, including all fees, is 93.21%.
Our pawnbroking loan process is designed to be quick and straightforward, ensuring you get the cash you need without hassle. Simply bring in your valuable item, and our experts will assess its worth, allowing you to secure a loan in just a few easy steps.
When you secure a loan against your assets, such as a Rolex watch or a Tiffany diamond ring, you have several options to get started:
We will then give you a precise appraisal based on the information you provide.
Once the estimated loan value is approved, the next step is to bring or send in your items for in-person assessment. Most jewelry and watches can typically be evaluated while you wait or within an hour of receiving them. For items like fine art, antiques, and luxury or classic cars, the assessment may take up to 72 hours.
If you’re a new customer, we’ll need to create an account for you after you accept the loan offer. To do this, we require two forms of identification:
This is a mandatory part of the process and will take about 10 minutes to complete.
Our loan agreements are for a duration of six months and are governed by the Consumer Credit Act, with regulation by the Financial Conduct Authority. You can redeem your items at any point during the contract term, paying only the interest that has accrued up to the time of redemption.
We disburse funds on the same day via bank transfer.
Legal Requirements
To ensure the protection of both the pawnbroker and the client, each loan is accompanied by a pre-contract information sheet. This document clearly outlines the terms and conditions of the loan, giving you the opportunity to review and understand the process before proceeding. If you have any second thoughts within the first 14 days of the loan, you can take advantage of a cooling-off period to withdraw from the contract.
When your contract ends, you can settle your loan with us and redeem your item. Remember, you can do this at any point during the six-month loan period. If you reach the end of your contract and are unable to settle your account and retrieve your secured item, we will use the item to recover the loan amount. You also have the option to extend the loan period after the initial six months by simply paying the outstanding interest on your account.
At Conon Capital, integrity is at the heart of our business. We take our industry seriously, which is why we are proud members of the National Pawnbrokers’ Association and strictly follow their code of conduct.
At Conon Capital, we’re here to assist you with all your pawnbroking needs. Whether you have questions about our loan process or want to discuss the value of your items, our knowledgeable team is ready to help. Reach out to us today to explore how we can provide the financial support you need.
You can contact us through our website, where you’ll find an easy-to-use inquiry form. Alternatively, feel free to visit one of our convenient Florida locations for a face-to-face consultation. Our friendly staff is eager to assist you and provide a personalized experience.
Don’t hesitate to call us directly if you prefer speaking to someone right away. We value your time and are committed to providing prompt and informative responses. Let us help you secure the cash you need with confidence!
A pawnbroking loan is a secured loan where you provide an item of value as collateral. This allows you to borrow money quickly while using your asset to guarantee the loan.
Our experts will assess your item to determine its market value. This valuation helps us establish the loan amount you can receive.
You can use a variety of items as collateral, including jewelry, electronics, watches, antiques, and collectibles. If you’re unsure, bring your item in for evaluation.
If you are unable to repay the loan, we will use the collateral item to recover the loan amount. We also offer options to extend the loan term if necessary.
Yes, our pawnbroking loans are typically for a term of six months, giving you time to repay and redeem your item.
Absolutely! You can redeem your item at any time during the loan period by repaying the loan amount along with any accrued interest.
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