F.A.Q.

Common questions about our Pawn Shop.

Pawn
Loans

Why would I use a pawnbroker to get a loan?

Pawnbrokers offer a quick, easy and confidential way to borrow money. If you need short-term cash, we can give it to you with no credit check or legal consequences if the loan is not repaid. Instead of paying high credit card interest rates and fees or getting approved based on your credit score, pawn loans are only connected to the item you give in as collateral and the worst that can happen is we keep the item.

How does a Pawn Loan work?

Pawn shops offer cash loans to customers based off of an item of value such as gold jewelry, diamonds, game systems and other valuable electronic devices. Customers bring in an item of value, the pawn shop evaluates the items worth and offers a loan based on the estimated value. The pawn shop then holds on to the item until the loan is repaid with interest. John’s Loan and Jewelry offers the lowest interest rate for Pawn loans in Las Vegas Nevada. Pawnbrokers are regulated on a federal, state and local level.

What items do you accept for a loan?

We accept gold jewelry, gold coins, watches, diamond jewelry, guns, fur coats, handbags, musical instruments, certain electronics and more. Call us or walk in during business hours to discuss what we would accept and how much money you can borrow for it.

How much money can I borrow?

We offer our customers a portion of the item’s retail value. Our Average loan is between $500 and $5,000 although we offer loans bothe below and above that average. While we also offer the option of selling your item, remember that a Pawn is a cash loan based on the item and it is returned once the loan is paid back with interest. We encourage anyone interested in a Pawn loan to call us or simple walk in during business hours for a quick appraisal and loan offer.

What is the interest rate I will have to pay on the loan?

Interest rates vary from state to state and usually add up to to less than what a bank overdraft fee, utility reconnect fees, or credit card late fees would cost you. Most pawnbrokers in Las Vegas charge 13% a month; we offer the lowest interest rate in town at only 8% a month! As an example, a $100 pawn loan at 8% for 30 days would cost about $8. Compare that to credit card interest, a late payment fee or a bank overdraft fee that may ruin your credit score.

How can I get a pawn loan today?

In order to secure a pawn loan, you simply need to bring in an item of value that we can hold on to and proper identification. We do not require a credit check, bank account or co-signer!

What happens if I don’t repay my loan?

Defaulting on a pawn loan can never affect your credit score. The loan is only based on collateral – meaning, an actual piece of property that you bring us. If the loan is not paid and no interest payment have been made in the past 90 days, we will keep the item and sell it to pay back the loan.

Items
for Sale

What items do you sell in the store?

We have lots of gold and diamond jewelry, watches, original antique vintage rings, guitars, guns, fur coats and more. Come in during business hours to browse our selection.

What payments do you accept?

We accept cash, credit and debit cards or you can bring in a valuable item you wish to sell in exchange for cash or something in the store.

Still need help? Contact us!

For any other questions, call us at 702-383-0744

022