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Monday to Saturday 9:00AM - 5:00PM
Prairie Pawnbrokers
801 20 St W, Saskatoon, Saskatchewan, S7M 0Y2
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Pawn Loans
Most asked questions about Pawns
At Prairie Pawnbrokers, here in Saskatoon, we offer loans on your jewelry, gold, electronics, smartphones, tablets, computers, sports gear, cars, and more!
What is a pawn loan?
What can I pawn?
How do I get the loan?
What happens if I don't pay the loan back?
What is a pawn loan?
Pawn loans are a form of collateral credit. Pawn loans are given in exchange for an item that the pawnbroker holds onto as security, or collateral, until the loan is paid back. Once the pawn loan is paid back the item is returned to the client. Of course that's the simple answer, there are a few other steps we can go over once you come into our shop. Our pawn loans are for a 30 day period
What can I pawn?
When we assess the value of an item, we look at its current value, then base pawn loan on the resale value of the item. The type of item being pawned and its condition makes a difference in the loan value as well. Some of the higher value loan items include:
- Gold, high end watches, and jewelry
- Up to date electronics
- Tablets and smartphones
- Quality guitars and musical instruments
- Collectibles items
- Vehicles
These items bring higher loans, but almost any item can be pawned including household goods, entertainment systems, tools, custom jewelry, and more. The basic rule is that if it's not illegal, and we don’t have to feed it or water it, we can likely give a loan on it.
How do I get the loan?
The pawnbroker will start by taking the item(s) and have a good look at it. Then, we do some research on the value and availability of the item(s). The pawnbroker will then offer a loan. If the client accepts and completes some paper work, the loan will be paid to the client in cash.
In order to get a loan, the client needs to show 2 forms of picture ID (1 of which needs to be from the government: Driver License, Passport, Citizen card, or Status card) and agree to the terms of the loan. Other optional charges such as insurance could apply.
What happens if I don't pay the loan back?
Ultimately, we would like to see every customer pick up their pawned item(s). We usually hold item(s) up to 30 additional days, allowing time for the customer to reclaim the item(s) for an extra interest fee. We will not call or harass you if you leave an item beyond the due date. We understand that sometimes things just happen. In that case, the item becomes our property and is put out on the sales floor with a price that’s meant to sell.
Looking to pawn your vehicle?
Looking to get your hands on some extra cash? You may want to consider pawning your automobile. If you don't need a vehicle on a regular basis, your car or truck could be your ticket to getting cash in hand when you need it in a hurry. At Prairie Pawn Brokers in Saskatoon, we offer auto pawn services for those in need. No matter the make, model, or state of your vehicle, we'll do our best to offer you top dollar when you bring it in to our pawn shop. We accept loans on:
- cars
- trucks
- motorcycles
- boats
- rv`s
- trailers
- watercraft
- ATV`s
- snowmobiles
- heavy equipment
The Service You Deserve
At Prairie Pawn Brokers, we aim to offer our customers great service. We understand that parting with your vehicle may not be easy, but rest assured that when you come to our shop, you'll be treated with respect from the moment you walk through the door.