Loan options
Big loan? Big savings.
Thirty-day pawn loans on anything of value, with a monthly rate that drops as the loan grows, from 25% down to 5%.
- No credit check
- 30-day terms, renewable
- More than one loan at a time
TL;DR
Pawn Pro loans on anything of value at its Covington store. Bring the item in, it is inspected and valued, and you get a loan offer. Every loan is written for 30 days; pay the interest fee to keep it going as long as you need. Monthly rates are 25% up to $999.99, 15% from $1,000, 10% from $5,000 and 5% from $15,000. Pawned items are kept in climate-controlled storage, and you can have several loans open at once.
Monthly pawn rates
Special rates on loans over $1,000
The rate is set by the size of the loan, so one big item or several pawned together can cost a lot less a month.
- 25%a month$1 to $999.99
- 15%a month$1,000 to $4,999.99
- 10%a month$5,000 to $14,999.99
- 5%a month$15,000 and above
These are the shop's published monthly pawn rates. Your pawn ticket shows the exact charges on your loan, and the counter can confirm current figures.
How does a pawn loan work at Pawn Pro?
It starts with the item. Bring it in during store hours with a government-issued photo ID, and it is inspected at the counter: gold tested, a laptop switched on, a mower started. You hear what it is worth to the shop and how much can be lent against it.
Take the offer and the paperwork takes minutes. You sign the pawn ticket, the item goes into storage, and you leave with cash the same day. Nobody pulls your credit, because the item is the security.
What happens at the end of 30 days?
You choose. Pay off the loan and the fee and take your item home. Or pay just the interest fee and the loan rolls into a new 30-day term, as many times as you need to keep the item in. If the due date passes, Georgia gives a grace period before an item can be sold: 10 days for most goods and 30 for a vehicle or its title, under O.C.G.A. § 44-14-403.
If you decide not to come back, the item becomes the shop's and that ends it. Nothing goes to collections.
Where is my item kept?
In the store's climate-controlled storage area, from the day the loan is written until you collect it. Firearms, jewelry and electronics are kept in the same conditions whether the loan runs one month or six.
What does Georgia law allow a pawnbroker to charge?
Georgia caps interest and pawnshop charges together at 25% of the amount loaned for each 30-day period during the first 90 days, and 12.5% a period after that (O.C.G.A. § 44-12-131). The pawn ticket lists the amount financed, the charges and the due date, so read it before you sign and ask about anything that isn't clear.
Eligible collateral
Taken in every day
The shop loans on anything of value. These are the items that come across the counter most.
- Guns
- Gold
- Jewelry
- Diamonds
- Watches
- Electronics
- Flat-screen TVs
- Tools
- Household & shop tools
- Lawn mowers
- Lawn equipment
- Trailers
- Heavy equipment
- Motorcycles
- Four-wheelers
- Boats
- Studio equipment
- AC and heating units
More on each department: firearms, gold, silver & coins, jewelry & watches, electronics, lawn equipment, trailers & heavy equipment, tools.
Answers
Pawn loan questions
What is the interest rate on a pawn loan at Pawn Pro?
It depends on the size of the loan. The published monthly rate is 25% on loans up to $999.99, 15% from $1,000 to $4,999.99, 10% from $5,000 to $14,999.99 and 5% at $15,000 and above. Confirm the current figures at the counter, because rates can change.
What is the most a Georgia pawn shop can charge?
Georgia caps interest and pawnshop charges together at 25% of the amount loaned per 30-day period for the first 90 days, then 12.5% per period after that, under O.C.G.A. § 44-12-131. The exact charges on your loan are printed on your pawn ticket.
What happens if I miss the 30-day due date?
Georgia gives you a grace period after the due date before an unredeemed item can be sold: 10 calendar days for most goods and 30 for a motor vehicle or its title (O.C.G.A. § 44-14-403). You can still redeem in that window. Call (678) 712-9430 if you are running late.
Can I have more than one pawn loan at a time?
Yes. You can carry several loans at once, each on its own ticket with its own 30-day clock. Each one is renewed or paid off on its own schedule, so a jewelry loan and a tool loan never have to be settled together.
How much will you loan on my item?
That depends on the item, so the evaluation comes first. It is inspected at the counter, you hear how the value was reached, and you get a loan offer. Bigger loans earn a lower monthly rate, down to 5% once a loan reaches $15,000.
Where is my item kept during the loan?
In a climate-controlled storage area at the store, for the length of the loan and every renewal. It stays there until you pay the loan off, and then you pick it up at the counter with your ticket and your ID.
Start a loan
What would you like to borrow against?
Tell the shop what you have. The firm number comes at the counter.
- Monday–Saturday 10 AM–6 PM · closed Sunday
- Bring a government-issued photo ID
- No appointment, no credit check