Emergencies happen. And when they do, they’re often costly. Pawnshops in the Philippines allow you to borrow money fast using your jewelry, gadgets, vehicles, or appliances as collateral. The application is straightforward—you may need only a valid ID and your collateral for a pawn loan. The process is also quick, and you can get your loan amount within hours.
There’s no denying it. The pawnshop industry in the Philippines is continuously growing, recording ₱96.9 billion in assets at the end of 2021, an increase of 4.7% from the previous year's ₱92.5 billion.[1] Sangla transactions also reached ₱54.5 billion at the end of 2021, proving that Filipinos turn to pawnshops for short-term loans in times of cash emergencies.
For your reference, here’s a list of pawnshops in the Philippines, their monthly interest rates, payment terms, and other services they offer.
What Should You Look for When Choosing a Pawnshop?
Just because someone learned how to start a pawnshop business in the Philippines doesn't mean you should go ahead and pawn your valuables to them. Here are five things to consider before you pawn your item.
1. License to Operate
Check for the certificates and business permits, which should be seen on the pawnshop premises. Check the list of Bangko Sentral ng Pilipinas-supervised pawnshops[2] to ensure you’re dealing with a legitimate and reputable pawn shop.
2. Safe Storage and Insurance Coverage
For peace of mind, entrust your valuables to a pawnshop that provides insurance coverage for pawned items. Furthermore, choose a pawnshop that invests in its security to keep your pawned items, the pawnshop, and customers and employees safe.
3. Quick and Convenient Transactions
When you need urgent cash, you shouldn’t have to travel across towns and cities just to get to a pawnshop. As much as possible, choose one that has branches everywhere or offers online services for a fast and hassle-free transaction.
4. Good Reputation
Go online and check the reviews from previous customers. Aside from honest and positive reviews, the pawnshop must have experience and expertise in the pawnshop business. It should also have loyal and satisfied customers and consumer-friendly offers and services.
5. Reasonable and Competitive Rates
Shop around and compare rates to find the lowest interest offered by a pawnshop in the Philippines. How much interest do pawn shops charge, though? Most major pawnshops charge around a monthly 3% to 4% interest rate. Anything higher than this can be a burden to pay every month.
Before you pawn your item, find out if there’s any advance interest or service charge. Some items like designer bags and luxury watches are also charged a higher monthly interest rate.
Related reading:
- Need Cash? Check These Options for Easy Loan Application in the Philippines
- Personal Loans with Low Interest Rate in the Philippines
- Best Personal Loans in the Philippines
What are the Pawnshops Near Me? List of the Best Pawnshops in the Philippines
“Where can I find a Tambunting near me? Is there a gadget pawnshop near me?”
If you’re looking for a pawnshop to get a quick cash loan, here’s a list of pawnshops in the Philippines.
📌 Cebuana Lhuillier
Cebuana Lhuiller has been operating since 1998 under the PJ Lhuillier Group of Companies (PJLGC) and has been one of the country’s leading micro financial services providers. It specializes in pawning, remittance, micro-savings, and microinsurance. At present, Cebuana has more than 3,000 branches nationwide and plans to open more branches by the end of 2022.[3]
Cebuana Lhuillier’s pawn interest rate is 30% higher than other pawnshops' appraisal rates. Aside from giving you a higher take-home amount for your items, Cebuana also accepts a wide array of items such as gold, diamond, platinum jewelry and watches, laptops, and cellphones.
It also offers online pawning through its Pawn-from-Home service to ensure more secure transactions. Just fill out the Cebuana from Home application form, submit it, and wait for it to be reviewed. A Cebuana Lhuillier appraiser will proceed to your home for item appraisal, negotiation, and loan release.
- Website: www.cebuanalhuillier.com
- Other services: Money remittance, foreign exchange, bills payment, e-load, PeraPal, and Top Up
- Branches: Over 3,000 nationwide
- Other items you can pawn: Digicams, video cams, Magic Sing, etc.
- Basic requirements: Valid ID and collateral guarantee
- Loan term: Up to four months
- Cebuana interest rates and other charges:
- Advance interest charge of ₱4 for every ₱100 loan amount
- Service charge of 1% of the principal loan amount
- 4% interest + 2% liquidated damages and 5 service charge for renewed transactions
📌 Palawan Pawnshop
Considered one of the fastest-growing and most trusted pawnshops in the Philippines, Palawan Pawnshop offers not only pawn brokering but money remittance as well.
The first branch was opened in August 1985 in Puerto Princesa City. And after more than 30 years in business, Palawan Pawnshop has expanded into international money remittance, bills payment, foreign currency exchange, and accident insurance.
Recently, it launched its e-wallet app called PalawanPay where you can e-load, transfer funds, pay bills, and receive money from anywhere 24/7. In only four months, PalawanPay has already registered two million users.[4]
- Website: www.palawanpawnshop.com
- Other services: Money changer, e-loading, bills payment, POS withdrawal, Suki Card, Padala to bank account, accident insurance
- Branches: Over 3,300 branches nationwide
- Items you can pawn: Gold jewelry items only
- Basic requirements: Valid ID and collateral guarantee (gold jewelry items)
- Palawan rates 2022: Sangla interest rates for Palawan Suki
- Package 1 (with 1% advance interest):
- 1% for 1 to 11 days
- 2% for 12 to 22 days
- 3% for 23 to 33 days
- Package 2 (no advance interest): 3.5% per month
- Package 3 (one-month advance interest): 2.5% per month
- Package 4 (two-month advance interest): 2% per month
- Package 1 (with 1% advance interest):
📌 Villarica Pawnshop
Villarica Pawnshop was started by Paz R. Villarica, a jeweler from Meycauayan, Bulacan, in 1954. Fast forward to today, Villarica Pawnshop now has over 600 branches in the Philippines.
Villarica offers one of the highest pawnshop appraisal rates in the Philippines for 2022. There's no service charge, and you can get a loan approval in five minutes. Aside from pawning services, you can go to any Villarica branch to send and receive money via Cash Padala, pay your bills, buy load, and withdraw money.
- Website: villaricapawnshop.ph
- Other services: Cash Padala, money changer, bills payment, cash withdrawal, loading station
- Branches: Over 600 branches nationwide
- Items you can pawn: Watches, cellphones, tablets, jewelry
- Basic requirements: Valid ID and collateral guarantee
Note: For Villarica Pawnshop’s interest rates and loan terms, you may visit the nearest branch.
📌 M Lhuillier
From its humble beginnings in 1954, M Lhuillier is now one of the largest and best pawnshops in the Philippines. With over 3,000 branches nationwide, it's a leading provider of quick cash loans, as well as money transfer and bill payment services.
The M Lhuillier Group of Companies has also gone beyond financial services to operate in property development, food manufacturing, and gourmet product distribution.
M Lhuillier Pawnshop offers one of the highest appraisals and lowest interest rates, and you can pawn more items other than jewelry and electronic gadgets. Simply fill out a form, present one valid ID, and give your item for appraisal.
- Website: mlhuillier.com
- Other services: Kwarta Padala, ML Wallet, ML Express, money changer, insurance, ML Diamond Card, ML Moves, telco/gaming/TV loading
- Branches: Over 3,000 branches nationwide
- Items you can pawn:
- Gold and diamond jewelry
- Watches
- Ray-Ban sunglasses
- Electronic gadgets
- Nintendo
- Home appliances
- Power tools
- Silverware/kitchenware
- Guitars
- Medical equipment
- Motorcycle and car (in select branches nationwide)
- Basic requirements: Valid ID and collateral guarantee
- Loan term: Up to three months
- Other charges: 1% service charge of the principal loan
📌 Tambunting Pawnshop
Tambunting is another pioneer in the pawnshop business in the Philippines. With a history that goes back to the early 1900s, the company grew and expanded over the years and now has over a thousand branches in the country.
Aside from getting a Tambunting loan, you can now send money and book airline tickets, too, through Tambunting Pawnshop.
- Website: www.tambunting.ph
- Other services: Money transfer, money exchange, airline ticketing, accident and fire insurance
- Branches: Over 1,000 branches nationwide
- Items you can pawn:
- Electronic gadgets
- Gaming consoles
- Flat-screen TV
- Video cam
- Signature watch
- Scooters and motorcycles (in select outlets)
- Basic requirements: Valid ID and collateral guarantee
- Loan term: 21 days for short-term loans
- Interest rate: 2%
📌 Raquel Pawnshop
Like the other pawnshops on this list, Raquel Pawnshop started as a family business in Lucena City in 1986. From there, it grew and was incorporated in 1993. It expanded to other towns in Quezon, Laguna, other parts of the Calabarzon region, and then to Metro Manila.
Raquel Pawnshop is the first pawnshop to offer the ‘renew anywhere’ service. It’s free of charge at any Raquel Pawnshop branch. Aside from pawning, it has also added services like money transfer, money changer, cash in and cash out, bill payments, check encashments, retailer loading, and even accident insurance.
- Website: raquelpawnshop.com
- Other services: Money transfer, money exchange, accident insurance, cash in and cash out, check encashment, ATM cash withdrawal, bills payment, retailer loading
- Branches: 122
- Items you can pawn:
- Jewelry (gold, white gold, diamond, and gold scrap)
- Electronic gadgets (cellphones, tablets, cameras, laptops, and smartwatches)
- Luxury bags (Gucci, Prada, Chanel, Louis Vuitton, etc.)
- Basic requirements: Valid ID and collateral guarantee
- Other charges: Service charge of 1% of the principal loan amount
📌 RD Pawnshop
RD Pawnshop is another leading pawnshop in the Philippines that has been around since 1976. With its head office located in Cebu City, it has expanded over the years and has over 1,600 branches in the Philippines and over 400 agents and partners.
Aside from its core business of pawning, it offers money transfer, bills payment, local and international remittances, and air and sea tickets, just to name a few. It also gives low-interest rates and no advance interest.
- Website: rdpawnshop.com.ph
- Other services: Money transfer, domestic and international remittance, money changer, bills payment, air and sea tickets, RD Insurance
- Branches: Over 1,600 branches nationwide
- Items you can pawn:
- Gold jewelry
- Gold bars
- Watches (Rado and Rolex only)
- Basic requirements: Valid ID and collateral guarantee
- Other charges: Appraisal fee of ₱5 (waived if you'll pawn your item)
Note: For RD Pawnshop’s interest rates and loan terms, you may visit the nearest branch.
📌 N-CA$H
Operating since 2006, N-Ca$h has been helping Filipinos with their cash flow problems through pawning services. It’s one of the first pawnshops in the country to start accepting laptops and mobile phones in 2006.
After that, it also started accepting LED TVs and GPS monitors, making N-Ca$h the first exclusive gadgets pawnshop in the country. With N-Ca$h, you can pawn items that have significant market value.
- Website: www.ncash-pawnshop-philippines.com
- Other services: Online pawning or selling, international online store on eBay
- Branches: Marikina-Pasig and Quezon City
- Items you can pawn:
- Watches
- Jewelry
- Designer bags (including Rimowa luggage), shoes, and sneakers
- Smartphones
- Laptops, desktops, notebooks, tablets, and other gadgets
- Gaming consoles
- Camera body, lens, and accessories
- Sunglasses and other eyewear
- Artworks
- Appliances
- Musical instruments
- Cars and motorcycles
- Condo unit
- Basic requirements: Valid ID and collateral guarantee
📌 CVM Pawnshop
CVM Pawnshop prides itself on being a one-stop shop for all your urgent financial needs. The first branch of CVM Pawnshop opened in 2005. Now, it has over a hundred branches and has become one of the best pawnshops in the Philippines for pawning gadgets and jewelry.
- Website: www.cvmpawnshops.com
- Other services: Subasta sale, money exchange, bills payment, remittance, electronic load, micro insurance
- Branches: Over 100 branches nationwide
- Items you can pawn: Jewelry and gadgets
- Basic requirements: Valid ID and collateral guarantee
- Interest rate for a 30-day contract:
- Jewelry: 3.5% (may still vary depending on location)
- Cellphone: 10%
- Smart TV and gadgets: 15%
- Past due interest: 2% of the principal loan amount
- Other charges for Online Sangla:
- Service charge (for jewelry only)
- Advance interest
- Disbursement fee
- Shipping fee
📌 Dalton Pawnshop and Jewelry
Dalton Pawnshop is another pawnshop that offers the lowest interest rates and highest appraisal fees. It mainly operates in different cities and towns in Mindanao. With over 50 branches, it offers quick cash solutions for Filipinos who have urgent cash needs by pawning items such as jewelry, electronic gadgets, home appliances, and even power tools and motorcycles.
- Facebook page: www.facebook.com/DaltonPawnshopJewelryInc
- Other services: Pera padala, loading station, and money changer
- Branches: Over 50 branches
- Items you can pawn:
- Jewelry
- Gadgets (cellphones, tablets, laptops, Apple Watch, etc.)
- Power tools
- Home appliances
- Bicycle and motorcycle
- Jewelry
- Basic requirements: Valid ID and collateral guarantee
📌 M. B. Aguirre Pawnshop
M.B. Aguirre offers high appraisal and fair, competitive interest rates for your items. This pawnshop also gives an extra 0.5% off when you renew your pawn ticket on your birth month. You'll be notified via SMS on your registered phone number and be asked to fill up the accommodation slip when you visit your M.B Aguirre branch.
- Website: mbaguirre.ph
- Other services: Forex, money remittance, bills payment
- Branches: Over 50 branches
- Items you can pawn: Jewelry and gadgets
- Basic requirements: Valid ID and collateral guarantee
📌 Agencia Zee
Agencia Zee was founded in 1996 and mainly caters to customers in Bacolod City. For its pawning services, you can use your home appliances, electronic gadgets, power tools, and anything of value as collateral.
- Facebook page: www.facebook.com/AgenciaZee
- Location: Bacolod City
- Items you can pawn:
- Electronic gadgets (smartphones, tablets, laptops, digital cameras, smartwatches)
- Home appliances
- Power tools
- Basic requirements: Valid ID and collateral guarantee (appliances, gadgets, or anything else of value)
📌 Davao Ros-Ver and New Pag-Asa Pawnshop
Davao Ros-Ver and New Pag-Asa Pawnshop has dominated the pawnshop industry in Davao City, Cebu, and Mindanao for decades. It opened its first branch in Davao City in 1987 and has grown and prospered since then. There are now 74 strategically-located Davao Ros-Ver and New Pag-Asa branches in Visayas and Mindanao offering pawning and prenda-pasok services.
- Website: pagasapawnshop.com
- Other service: Prenda-pasok
- Branches: 74
- Items you can pawn:
- Jewelry
- Watches
- Electronic gadgets
- Game consoles
- Computers
- Home appliances
- Power tools
- Musical instruments
- Jewelry
- Basic requirements: Valid ID and collateral guarantee
- Interest rates:
- 5% advance interest (for cellphones, watches, and jewelry)
- 6% advance interest (for bulky items like power tools, appliances, computers, etc.)
- 5% advance interest (for cellphones, watches, and jewelry)
- Other charges: Service charge of 1% of the principal loan
📌 PTS Gadget Pawnshop
Got a smartphone or laptop that you want to pawn? Head over to the nearest PTS Gadget Pawnshop for your urgent cash needs. It offers one of the highest appraisals and most flexible terms. You also don't pay any advance interest.
- Facebook page: facebook.com/PTSPhoneshop
- Branches: 15
- Items you can pawn:
- Electronic gadgets
- Camera and camera accessories
- Computers and monitors
- Game consoles
- Electronic gadgets
- Basic requirements: Valid ID and collateral guarantee
📌 PawnHero
PawnHero is the first online pawnshop in the Philippines, eliminating the need to leave the house with your valuables just to pawn them. Its advanced pawnbroking service allows customers to avail themselves of instant cash loans discreetly and conveniently. And with the PawnHero mobile app, you can pawn, renew, and redeem your items quickly anytime, anywhere.
Just go to the PawnHero website to pawn your item, supply the required information, and then book your item pick-up schedule. You can get a loan approval within one day after pick-up and appraisal.
- Website: pawnhero.ph
- Services and features:
- Free pick-up and return delivery of the collateral item within Metro Manila
- Free insurance coverage while in transit and in storage
- PawnHero mobile app
- Items you can pawn:
- Jewelry
- Smartphone
- Luxury watch
- Sunglasses and belts
- Designer bags and shoes
- Laptops and tablets
- Cameras
- Gaming consoles
- TVs
- Soundbars and speakers
- Receive your money via: Cash pick-up at the PawnHero office, bank transfer, or any PESONet or Instapay partner bank and electronic money issuer
- Interest rates:
- 3.5% for gold and jewelry or ₱500, whichever is higher
- 4.99% or ₱500, whichever is higher, for designer bags, gadgets, luxury watches, and other item categories
- Other charges:
- Service charge of 1% on principal loan amount
- Documentary stamp tax of ₱40 for up to ₱5,000 loan amount; additional ₱20 on each ₱5,000 or fractional part in excess of ₱5,000
See also: How to Compare Personal Loans
Final Thoughts
Now that you have this list of pawnshops in the Philippines, getting a pawn loan will be easier when you have unforeseen expenses. But always proceed with caution.
Always compare interest rates and other charges from different pawnshops in the Philippines. Get a loan only from a reputable pawnshop and make sure you can pay the monthly repayments.
Before getting a pawn loan, consider availing of a bank loan in the Philippines. It also offers quick approvals and low-interest rates. Moreover, they're a better alternative for borrowers who don't have high-value items for collateral. Explore your personal loan options from reputable banks below.
| Personal Loan Providers | Minimum Loan Amount | Minimum Annual Income | Approval Time |
|---|---|---|---|
|
Citibank Personal Loan
|
₱100,000 | ₱250,000 | Fast approval time in as fast as 24 hours |
|
Note: This product is sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities. |
|||
Maybank Personal Loan |
₱50,000 | ₱300,000 | Apply for a loan online in just a few clicks |
| RCBC Bank Personal Loan |
₱50,000 | ₱360,000 | Get approved within 5 to 7 banking days |
PBCOM Personal Loan |
₱10,000 | N/A | Get approved within 1 to 2 days |
| SB Finance Personal Loan |
₱30,000 | ₱180,000 | Get approved within 5 banking days |
| CIMB Bank Personal Loan |
₱30,000 | ₱180,000 | Apply within 10 minutes and get approved in 24 hours |
| HSBC Personal Loan |
₱30,000 | ₱168,000 | Get approved within 5 to 7 banking days |
| EastWest Bank Personal Loan |
₱25,000 | ₱180,000 | Get approved within five to seven banking days |
| BPI Personal Loan |
₱20,000 | ₱300,000 | Get approved within 5-7 banking days |
| CTBC Bank Personal Loan |
₱20,000 | ₱180,000 | Get approved within 3 to 5 banking days |
EasyRFC Multi-Purpose Loan |
₱10,000 | ₱120,000 | Fast approval time in as fast as 24 hours |
Sources:
- [1] BSP: Pawnshop industry continues to grow (Malaya Business Insight, 2022)
- [2] List of BSP-Supervised Pawnshops (Bangko Sentral ng Pilipinas, 2021)
- [3] Cebuana Lhuillier to open more branches by end of 2022 (Manila Bulletin, 2022)
- [4] PalawanPay e-wallet app downloaded by over 2 million users in 4 months (PhilStar Global, 2022)
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