Getting a short-term collateral loan from ERG is one of the best and easiest ways to get quick cash. Collateral loans help you pay for unforeseen expenses, emergencies, unplanned events, and much more.
We specialize in providing customers with a fast, hassle-free, and discreet solution for borrowing money. Our pawn shop offers instant cash loans, with a standard repayment period of four months, utilizing your valuable possessions as collateral. Our loan amounts are determined by the assessed value of the pledged item, and we strive to provide loans based on the highest achievable value.
Cash shortages happen to everyone. Our goal is to help you during this time by making the process painless. All loans are completely confidential and can be set up by appointment in our private back office for larger transactions. Loans are funded same day.
GETTING A LOAN AT ERG IS AS EASY AS 1, 2, 3
Frequently Asked Questions
01. How do pawn loans work?
Pawn loans are the quickest way to borrow money without a credit check. Loan amounts are based solely on the value of your item that is used as collateral.
Pawn loans are 30 days plus a 60-day grace period (90 Days Total). If you cannot pay back your pawn loan in full, including any applicable charges, you may choose to renewal it to give you extra time. You may also choose to surrender your collateral as payment in full.
02. What is a loan renewal?
If you are unable to pay back your pawn loan in full before the final due date and take your collateral home, you may choose to renew it by paying all interest and fees due to bring it current. You will be issued a new ticket good for another 90 day period, just like the original loan.
03. How do you determine an item’s worth?
Our experience staff will always offer you the highest value for your items, if you only need less than that we are happy accommodate you. We are available for consultation in person or via phone anytime during our hours of operation.
04. How do you determine the value of jewelry?
Aside from our visual inspection, we also test jewelry using various other testing methods which will let us know the amount of precious metals contained within the item. Once the item is weighed and assessed we will offer as much as we are able.
05. How do you determine the price of gold?
Our staff updates the spot value of silver and gold every morning to assure you are getting the most we can offer.
The price of gold changes constantly due to a variety of factors. Some common factors include the following:
- Market speculation
- Currency valuation
- Worldwide demand
- Gold production
05. Is my collateral safe while in pawn at ERG?
During the duration of your pawn transaction, you retain ownership of your item. It is our duty to ensure its safety and proper upkeep while it is entrusted to us. When you bring your item to us for pawn, we carefully preserve all accompanying assets and store the item in our secure pawn item room. Your valuable possession is securely kept here and remains untouched until you return to satisfy your pawn loan in its entirety and retrieve your merchandise.
05. Rates and Terms?
Axels Pawn offers the most competitive interest rates for Cash Pawn Loans in the local area. The interest charges can be as low as 2.9% per month, depending on the loan amount. (Refer to the example below for clarification)
Repayment periods for our cash pawn loans have no specific minimum or maximum duration. They are based on a 90-day cycle and can be renewed as many times as necessary.
Furthermore, ERG Pawn adheres to MLA regulations and provides loans with a fixed Annual Percentage Rate (APR) of (N/A)%, which includes all associated fees. In cases where the values are not applicable (N/A), please consult the relevant example for clarification.