The pawn credit is a loan where you receive cash and provide us with an item of corresponding value. This loan is ideal if you want to bridge a financial bottleneck quickly, discreetly, unbureaucratically and without disclosing your private and business circumstances. Without any of the cumbersome formalities of a bank loan, for example.
Quick. Unbureaucratic. Discrete.
We inspect the pledged item and make you a non-binding loan offer. If a pledge agreement is concluded, a pledge certificate is issued and the loan is paid out in cash. The only requirement is that you have a valid, official photo ID.
The pawn certificate contains all essential information such as the term, the loan as well as monthly interest and monthly costs of business operations (fees). The pledge is insured against robbery, burglary and fire for twice the loan amount from the time it is accepted.
The cost of the pawn loan is 1% per month plus a statutory fee
These fees are set by law for loans up to €300 as follows, although unlike other regional companies, we do not regularly conclude loan agreements for less than €100:
| Loan amount | Costs / Month |
| bis 15,00 € | 1,00 € |
| bis 30,00 € | 1,50 € |
| bis 50,00 € | 2,00 € |
| bis 100,00 € | 2,50 € |
| bis 150,00 € | 3,50 € |
| bis 200,00 € | 4,50 € |
| bis 250,00 € | 5,50 € |
| bis 300,00 € | 6,50 € |
| ab 301,00 € | 1% vom Darlehen |
Example:
On 1.1.2024, you receive a loan in the amount of € 250. This will result in monthly interest of €2.50 and monthly fees of €5.50 (i.e. a total of €8 per month).
If you redeem your pledge on March 1, 2024, you will pay a redemption amount of €250 plus interest and fees of €16 (€8 twice for two months), i.e. a total of €266.
For loan amounts of €301.00 or more, interest of 1% of the loan amount will be charged for each month. In addition to the interest, a monthly fee is charged, which depends on the amount of the loan. We are also happy to make you individual offers here, that are often more favorable than those of other competing companies
We are happy to offer our customers the service of repaying the loan in installments in conjunction with an extension of the pawn credit agreement. This means that the loan amount does not have to be paid all at once and interest and fees can be significantly reduced during the term of the loan.
If you are not yet able to redeem the pledge at the end of the contract term, you can alternatively extend the pledge agreement with our consent. If you extend the pledge, the interest and fees incurred will be charged on a daily basis.
Unlike a bank loan, you as the customer are not personally liable for the repayment of the loan; only the pledge is liable. Therefore, there is no verification of the customer’s personal, economic and financial circumstances and no report to Schufa etc. if the pledge is not redeemed.
In this case, we are legally obliged to auction off the pledge. This is done by a publicly appointed and sworn auctioneer.
Additional proceeds in your favor arise if the proceeds from the auction of your pledge exceed our claims to the loan (interest, fees and proportionate auction costs). In this case, you have the option of collecting these additional proceeds from us within three years of the end of the year in which the pledge was auctioned on presentation of the original pledge certificate. Please do not forget to do this, as otherwise the additional proceeds must be paid to the competent authority.
The pawn certificate is a very important document that you should keep in a safe place. The pawn certificate entitles you to hand over the pawn. Therefore, anyone who is in possession of your pawn certificate can redeem your pawn. Please inform us immediately if you lose your deposit receipt. We will make a blocking note in the system so that no unauthorized person can redeem your deposit. You can then redeem your deposit on presentation of your ID at the end of the term.
Please note our General Terms and Conditions (GTC), which apply to every pawn certificate concluded with us. The GTC which are laid down in German in every pawn certificate are decisive and not the information given here in foreign language.
Further information can also be found in the pawnbroking regulations, which are clearly displayed in our business premises and can also be viewed on the Internet.
If you have any further questions, please do not hesitate to contact us at any time.
We value the item in your presence and pay you the pawn loan directly.
We never provide information to Schufa or banks. We treat your data confidentially (privacy policy) and do not pass it on to any branches.
Discretion is our top priority.
As a pure pawnbroker, we focus on lending against high-value pawned items.
We do not lend on technical equipment or instruments.
