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need a collateral pawn loan?

A customer exchanges an item as collateral for a short-term cash loan. The item is returned to the customer after the loan amount and interest fess are paid. Sometimes when a customer needs an extension on paying their loan the item is held longer and the customer agrees to extend the terms of the loan for an addtional length of time.

We offer pawn term arrangements as low as 35% APR Interest Rate on $20,000+ Pawns. The loan repayment is based on a 1, 2, or 3 month repayment period with no maximum repayment period.

loan faq

What is the loan process?

1. Bring in an item of value.
2. Pawnbroker offers a loan based on a percentage of the item’s estimated resale value.
3. The pawnbroker then keeps the item until the customer repays the loan with interest and any additional fees that may apply.

Can you give a loan example?

1. Loan Amount: $20,000
2. APR: 35%
3. Monthly Interest: $583.33

What is a pawn loan?

A pawn is a collateral short-term loan. You bring in an item, and leave it as collateral, we offer a dollar amount to loan, and a loan term with a 10-day grace period to repay your pawn (loan) amount. You can renew this loan as many times as you need and we will work with you during the process.

What happens if I don't pay on a pawn loan?

We send text and phone call notifications when your pawn is due. We have an app that allows you to pay and monitor your pawn loan(s) and balance. If we do not hear back from you within a few days of your late notice, we will take possession and sell your item after the grace period.

If I don't pay my pawn, what happens?

We will put your item up for sale, work with you on a layaway term or whole-sale to a dealer. This all depends on the item and your communication with us.

Do you need good credit to pawn?

No credit check is required.

What type of items can I pawn?

We loan/pawn on any items with value, especially precious metals, diamonds, newer electronics, gaming systems, and tools. Please visit our “What We Accept Page” to learn more.

What are the interest charges?

We offer custom loan terms ranging from 2-20%. We DO NOT charge pawn ticket fees, or storage fees (unless larger vehicles needing stored off-site).

How do you determine the loan amount?

We will loan anywhere from $20 dollars to $500,000. Our professional team bases pawn loan amounts on the value of your item—its current appraised value, its current condition, and our ability to sell the item. We use all the research tools we have at our disposal to determine an item’s value and get you the most money we can. The amount of the loan offered is based on the wholesale, resale/secondhand value of the item, not the new price.

Do most customers lose their merchandise on pawn?

On average, 80%+ percent of all loans are repaid. Repeat customers make up much of our business. Some customers borrow against the same items regularly. If the borrower chooses not to repay the loan and interest charges, we must try to recover our investment from the item left in pawn. We prefer that customers return for their property.

Are pawn shops regulated?

Yes. States have regulated the pawn industry for decades. In addition, local authorities oversee licensing and regulation of most pawnbrokers. We are subject to laws such as Truth In Lending Act, Equal Credit Opportunity Act, Fair Credit Reporting Act, Patriot Act, and Federal Trade Commission Rules on Data Privacy and Security Transfer. At the federal level, regulatory authorities include the Federal Trade Commission (FTC), Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), and the Treasury Department.

Whether you want to sell, trade, or consign or get a Loan come on down to our Boise or Nampa Pawn Shop and let’s get started.


Our motto has always been "People taking care of people" and we will always stand by that motto. We provide the best experience pawn and gold shops offer. Idaho Pawn & Gold is honored to serve our local community that trusts us. We believe that building relationships with our community is what sets up apart from other Pawn Shops, Estate Buyers and Gold And Silver Bullion Dealers.


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