FAQ

Most pawn shops in New Zealand are now online and have opened several branches across the country. You can either sell your items to them online or visit their nearest branch especially for sell of sensitive items such as jewelry. For most pawn shops payment is always instant.

Yes, you make more money if you sell to a pawn shop rather than taking a pawn loan. Consider this scenario. If the actual price of the item is NZD$ 250, then you may be given a pawn loan of NZD$ 200 so that just incase you forfeit payment they may make the NZD$ 50 by selling the item at NZD$ 250. If you were to sell the item directly to the pawn shop you would have gotten NZD$250 instead of 200.

Incase you fail your pawn loan then the pawnbroker has the right to sell the item to recover the cash. Usually this should be done 30 days after the due date. Within this extra 30 day period the borrower can still reclaim their item if they pay the pawn loan, interest and the additional fee for late loan repayment.

In most cases you will be able to extend the loan by 30 days, conditions do apply so ask your local pawn shop if this is possible.

Yes you can sell the pawned item while its held as collateral. All you have to do is contact your local pawn shop and let them know that you would like to sell your item. Conditions do apply.

The maximum pawn loan period is about 3 months but you are entitled to pick up the pawn items at anytime as long as you pay the loan amount plus interest amount owing in full. .

The maximum pawn loan period is about 3 months but you are entitled to pick up the pawn items at anytime as long as you pay the loan amount plus interest amount owing in full. .

Simple answer is yes. you can pawn as many items as you want. These items will be used as collateral for your pawn loan.

Yes you will need one form of ID. Here are some examples of valid ID\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\'s accepted by pawn shops : A valid NZ Driver\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\'s License A valid 18+ card A valid Passport

Most pawn shops in New Zealand accept the following items as collateral; 1. Jewelry and gold- the most commonly accepted jewels are; yellow gold, white gold, platinum, silver, gemstones and set diamonds. 2. Designer bags and sunglasses from leading brands such as Gucci, Dior, Louis Vuitton and channel among other top designers. Luxury watches can also do. 3. Boats and vehicles 4. Electronic gadgets- laptops, desktops, mobile phones 5. Gaming equipment 6. Camera equipment 7. Household devices as well as lawnmowers and gardening equipment. 8. Sporting equipment such as surfboards. 9. Musical instruments.

In New Zealand there is no standard interest rate for pawn loans. Each pawn shop has their own interest rates but the general trend is that the more the pawn loan, the less interest it accrues. For pawn loans under NZD$3000 the interest rate may be as high as 40% while for large sums of more than NZD$100,000 the interest rate is averagely less than 5%.

Pawnbrokers will lend to you even if you have very bad credit. They dont have any issue as they dont run credit checks against pawned items.

The amount of pawn loan you receive depends on; 1. The item being offered as collateral 2. The condition of the item 3. The pawn broker as well as the terms and conditions of that given pawn shop. There is no given percentage of pawn loans that you are allocated, it all depends on the factors above. 4. In most cases the loan amount will be 50% of the value of your item but will depend on where you pawn your items and what you have to pawn.