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How Pawn Works at Luanda Cash

  1. Bring in Your Valuables: Luanda Cash specializes in accepting luxury items such as Rolex and Cartier watches, gold jewelry, select designers’ purses and luggage. Visit our store and bring in your high-quality items for assessment.

  2. Get a Loan: Our experienced professionals will evaluate the value of your items to determine the loan amount. Upon agreement, you can receive a pawn loan, securing the loan with your valuable possessions as collateral.

  3. Pay Back Your Loan: Repay the loan within the agreed-upon period, along with any accrued interest and fees. Once the payment is complete, you can reclaim your items. If needed, you may discuss extending the pawn period through mutual agreement.

Pawn loan terms:

  1. Pawn loans minimum repayment period of 61 days and no maximum repayment period. 

  2. Interest rates are 10% per month (120% APR) but may vary based on the total borrowed and the items. For example: For a 10% loan, if you borrow $1,000 dollars and pay within the first month, you will pay back $1,100.

  3. On pledged goods redeemed within the first 30 days from the date of the pawn transaction, a Pawnbroker may collect a 25 percent pawn service charge. On pledged goods redeemed after the first 30 days but before the 61st day after the date of the pawn transaction, a Pawnbroker may collect a pawn service fee equal to twice the amount charged for the first 30-day period. A pawn may be extended upon mutual agreement of the parties and by paying accrued interest every month.

  4. If the pawnbroker transaction form is lost, destroyed, or stolen, the Pledgor must immediately advise Luanda Cash by phone or in writing by certified or registered mail or in person, evidenced by a signed receipt. A charged of $5.00 will be applied for any duplicate transaction form.

  5.  We do not disclose any nonpublic personal information about our customers or former customers to anyone, except to our affiliates and as permitted by law.

Fashionable Travelling Woman

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