How To Pawn Your Items ?

At first the pawnbroker values your possession that is offered as a security for a loan. The amount of the loan is a percentage of the item's value, and the pawnbroker keeps your possessions for the agreed period of the loan. If the loan is repaid at any time during this period, along with any interest  you will receives the pawned item back. If the time elapses without repayment, the pawnbroker is allowed to sell your item to recoup the amount of their loan.

How Pawning Works ?

If an item is pawned for a loan, within a certain contractual period of time the owner of the item may purchase it back for the amount of the loan plus some agreed-upon amount for interest and any fees.

Pawn Brokers Interest Rates

The amount of time, and rate of interest, is governed by law or by the pawnbroker. If the loan is not paid within the time limit, the pawned item will be offered for sale by the pawnbroker.

Defaulted on Loans

The pawnbroker does not report the defaulted loan on the customer's credit report, since the pawnbroker has physical possession of the item and may recoup the loan value through outright sale of the item.

Local Pawn Shops

At Pawnbrokers we have some of the best pawn shops in nz, some are based in major cities like Auckland, Wellington,and Christchurch. More pawn shops are listed every week and we only select the best ones for  you. Check out Some of the best Pawn Shops