Pawn Loans

Borrow $20.00 to $2,000.00 in just minutes

What is Parlour Pawn?

Parlour Pawn is a retail store that is licensed to give you small, fast, loans using your merchandise as collateral. (We will also buy your merchandise if you choose to simply sell it.)  We have been  located at 1299 mountain Road, Moncton, New Brunswick for twenty two years. We have done business in Moncton for Thirty Three years.

Why would I use Parlour Pawn for a loan?

We will offer you a quick, convenient, and confidential way to borrow money. We do not do a credit check. Your merchandise alone determines the amount we will loan you. We loan you a percentage of the value we believe your merchandise would bring if sold. (about 40 to 60 percent of the resale value)
Return to Top

How does a pawn loan work?

Loans are based on the value of your merchandise, not your credit rating. Our average pawn loan is around $80.00 — but we will loan from twenty dollars to two thousand dollars or more depending on the value of your merchandise. Our pawn loans have a term length of 56 days plus a 30-day/one month grace period. (No interest is charged during the grace period) Pawns offer great flexibility. A pawn loan can be from 0ne week to eight weeks. If you cannot pay back your loan in full, we offer renewals (see below) to give you extra time.
Return to Top

What if I decide not to pay off the loan?

If you decide not to pay off the loan your merchandise becomes the property of Parlour Pawn and your loan is marked “Paid in Full” You may make another pawn loan with us at any time. You may also have more than one loan at the same time. We do NOT report the details of your loan to any consumer credit agency.
Return to Top

What do I need to get  a pawn loan?

You must be 18 years of age or older and have a valid provincial photo ID . That’s it! Simply bring us an item of value and we’ll get you cash on the spot after your loan is approved (which usually takes about 10 minutes). Just click here for our phone number and address and you will be on your way to a quick and convenient loan.
Return to Top

What sort of merchandise do you accept for a loan?

Below are just some of the items we accept but if you are unsure please give us a call and our Loan associates will be happy to tell you if your item qualifies for a loan.

  • Gold jewelry (broken or good)
  • Desk Computers, Laptops, Ipads, Iphones and tablets.
  • Coins – silver dollars, quarters, and dimes
  • Musical Instruments
  • Good quality electronics, T.V.s, stereos, DVD players, etc.
  • Video Game Systems: Xbox 360’s and  PS3.
  • Good quality, good condition tools – power, hand or air.

Return to Top

What are the charges/interest on a pawn loan?

The interest you are charged depends on the amount you borrow. The more you borrow the lower the rate. For example if you borrow $ 150.00 the charge would be $ 11.25   per week (7.5%). If you borrow $ 300.00 the rate would be lower at $ 15.00 per week (5.0%) A $ 500.00 loan would be lower still at  $ 22.50 per week or 3.75 %. The interest charge covers all processing fees as well as  handling/storage fees for your pledged item. There are no hidden fees.
Return to Top

What is a renewal?

If you are unable to pay back your loan in full on its due date, you may get a renewal. With a renewal, you pay the interest owed on your loan and a new loan is written. The principal loan amount remains the same, as does the interest rate, but the due date is reset for another full term.
Return to Top

How do you decide the worth of my merchandise?

We base pawn loan amounts on the value of your item — its current appraised value, its current condition and our ability to sell the item. We will always do our best to  get you the most money we can.
Return to Top

Can you give me a quote on an item over the phone?

Unfortunately, we cannot give quotes over the phone because loan amounts vary greatly depending on the condition of an item. For general merchandise, we test each item to ensure it is in good working condition. The better the condition of your item, the more money we can loan. And for jewelry, we test to ensure diamonds and gold are genuine.
Return to Top

Is my merchandise safe while in pawn?

When you give us an item for pawn, we keep it — along with all accessories (remotes, cables, etc.) — in a secure area accessible to authorized employees only where it is safely stored until you come back to pay your loan in full and claim your merchandise. We are fully insured for the loan value of your merchandise while it is in our possession.
Return to Top

Is Parlour Pawn licensed?

Yes. We are licensed and regulated by the city of Moncton. We also are members in good standing with the Better Business Bureau, The Greater Moncton Chamber of Commerce and the National Pawnbrokers Association.
Return to Top

 

Related Resources