Loan Terms

Our pawn loans typically last for 30 – 60 days. However, as long as you pay the agreed-upon service charge each month, you can extend the loan and keep your item “in pawn” indefinitely.

Our interest rate is 2% per month (or 24% APR), plus 18% service charges for security, insurance coverage, storage, and other business expenses – for a total monthly charge of 20%.

For example, on a $100 loan/pawn, we charge $120 to pick up within 30 days, with a 5-day grace period, after which another 20% monthly charge would be added. So now $140 to pick up by the 60th day. Any item in pawn or loan past 60 days without payment will be forfeited and sold to re-coup funds loaned.

A $500 loan/pawn would have a service charge of $100, so it would cost $600 to redeem the item within 30 days. The borrower may opt to extend the loan an additional 30 days once the initial $100 service charge is paid.

Do you offer lower fees for larger loans?

On larger-dollar loans, we will lower our service rates to help our customers. Ask the manager for more details.

Need help?

Contact us at coloradojewelry@live.com for questions related to pawn loans, or call us at 772-283-3660 (Stuart) or 772-335-1896 (Port St. Lucie).