We are licensed Pawnbrokers in Ontario and all of our pawns follow the strict rules and regulations of the Pawnbrokers Act, R.S.O. 1990.
We do cash loans on many different types of jewellery including but not limited to;
Our loan process is quick and easy, we will evaluate your items on the spot and we loan a percentage of the material value based on current market conditions.
We give you cash on the spot. We hold your items secured in our safes for a minimum of 1 year.
Our interest rate is 5% per month, which you do not pay monthly. You only pay when you are ready to pick up the items.
Wherever you may be doing cash loans against your items, please be aware that not all places are equal, some may not be licensed and/or may not be following the law. Beware of BUY BACKS, they are illegal in Ontario. The max amount of interest that can be charged in Ontario is 5% a month and all pawns must be held for a minimum of 1 year. If someone is charging more than 5% or not providing a minimum 1 year to pay off the loan then that is not a legal pawn and you may be at risk of never receiving your items back with little to no legal recourse against the unlicensed or unlawful practice.
We do not do personal loans or payday loans.
We cannot speak over the telephone about any outstanding pawns. We cannot verify your identity over the phone and it is against the Freedom of Information and Protection of Privacy Act R.S.O. 1990.