CASH LOANS - INTEREST FROM 5% PER MONTH
KING PAWN is a fully licensed Pawnbroker and secondhand dealer in the State of South Australia.
KING PAWN specialises in providing short-term cash loans to our customers, using the customers' personal possessions as security or collateral. KING PAWN holds and stores each customer's possessions at our premises in Adelaide for the term of the loan. When the customer returns to KING PAWN and repays the loan, plus our interest and service fees, the possessions are returned to the customer. This type of transaction has always been known as pawning.
It's quick ! It's safe ! It's simple !
No consumer credit checks are undertaken, so the limit you can borrow no longer depends on your financial situation, but the value of your assets. And we pay you in cash, usually within 5 minutes.!
At KING PAWN we can offer loans of $10 to $100,000 depending on how much you need to borrow, and the type of security or collateral you can provide.
You will find a comprehensive range of items commonly used as collateral on our HOME PAGE.
All cash loans at KING PAWN are valid for the term of one calendar month, in keeping with the Laws of the State of South Australia. Each loan contract must be either repayed, or extended for an additional month, by its due date. Extension fees of one month's interest are to be received by KING PAWN before the due date of the loan.
KING PAWN offers very competitive fees for our services.
For all cash loans of $500 or less, KING PAWN charges simple interest at the rate of 25% per month.
For all cash loans of $501 - $5,000 KING PAWN charges simple interest at the rate of 20% per month.
For all cash loans of $5001 - $10,000 KING PAWN charges simple interest at the rate of 15% per month.
For all cash loans of $10001 - $100,000 KING PAWN charges simple interest at the rate of 10% per month.
KING PAWN offers a generous discount on all interest fees for any cash loans repaid in full within 7 days of the date of the contract. This discount only applies to any interest fees, and does not apply to any service / storage fees.
Over 90% of our customers repay and redeem their loan. If a customer chooses not to repay the loan it will be forfeited. The customer has no further obligation to the loan contract.
The Laws of South Australia require that you present suitable identification when pawning or selling any item.
KING PAWN is open Monday to Friday 9:30 to 5:30.
KING PAWN does not offer unsecured loans or PayDay Advances.