What is a Pawn Shop Cash and Loan

When wondering how to get a cash loan, you simply go to a pawnshop with something you own that you are willing to leave as collateral. The Gems N' Loans staff will assess the item’s value and condition to determine the resale potential. After a decision has been made, the pawn broker decides the potential loan amount.

Considering the borrower has left collateral with the pawn shop, the advance doesn’t require a credit check, bank account or co-signer. However, the borrower must be 18 years or older and show proof of identity. 

After returning within the agreed time, which can usually be 30 days to a few months, the borrower will pick up the item of value and pay off the loan including interest as low as 2%.