Emergencies happen—and sometimes, they can soil your pockets. While banks and other financial institutions offer various loans that can help you fund an emergency expense, it can take days or even weeks before your application is processed.
Pawnshops in the Philippines allow you to borrow money using your jewelry, gadgets, vehicles, or appliances as collateral. The application is straightforward—you may only need a valid ID and your collateral for a pawn loan. The process is also quick, and you can get your loan amount within hours.
Pawning your personal belongings isn’t the best way to fund an emergency expense but they might be helpful when you are desperately in need. For your reference, here is a list of pawnshops in the Philippines and their monthly interest rates, payment terms, and other services they offer:
Table of Contents
- Pawnshops in the Philippines
- 1. Cebuana Lhuillier
- 2. Palawan Pawnshop
- 3. Villarica Pawnshop
- 4. M Lhuillier
- 5. Tambunting Pawnshop
- 6. Raquel Pawnshop
- 7. RD Pawnshop
- 8. N-CA$H
- 9. Jerome’s Pawnshop
- 10. CVM Pawnshop
- 11. Dalton Pawnshop and Jewelry
- 12. PawnHero
- 13. M. B. Aguirre Pawnshop
- 14. Gemmary Pawnshop and Jewelry
- 15. Agencia Zee
- 16. Capital Pawnshop
- 17. JARO Pawnshop
- 18. Ros-Ver Pag-Asa Pawnshop
- 19. PTS Gadget Pawnshop
- Final Thoughts
Pawnshops in the Philippines
1. Cebuana Lhuillier
Apart from pawning or sangla, Cebuana Lhullier offers remittance services and microinsurance to its customers.
Website: www.cebuanalhuillier.com
Location: Nationwide
Services offered:
- Pawning
- Microinsurance
- Micro loans
- Remittance
Basic requirements:
- Valid ID
- Collateral guarantee (gold, diamond, or platinum jewelry and watches, cellphones, or laptops)
Loan term: Up to four months
Interest rates and other charges:
- Advance interest charge of PHP 4 for every PHP 100 loan amount
- Service charge of 1% of the principal loan amount
2. Palawan Pawnshop
One of the most popular pawnshops in the Philippines, Palawan Pawnshop has numerous branches nationwide. Some of its services are money exchange, international and domestic remittance, and pawning.
Website: onlinepadala.ppspepp.com
Location: Nationwide
Services offered:
- Pawning
- Remittance
- Money exchange
- Bills payment
- Insurance
Basic requirements:
- Valid ID
- Collateral guarantee (gold jewelry items)
Loan term: Up to four months
Interest rates and other charges:
- Up to 3% monthly interest rate charge
- Service charge of 1% of the principal loan amount
3. Villarica Pawnshop
Villarica Pawnshop offers sangla without service charge, one of its unique features among other pawnshops in the Philippines. You can also pay your bills and send money to your loved ones through Villarica.
Website: www.villaricapawnshop.ph
Location: Nationwide
Services offered:
- Remittance
- Pawning
- Auctioning
- Bills payment
- Money exchange
Basic requirements:
- Valid ID
- Collateral guarantee (jewelry or gadgets)
Loan term: Up to four months
Interest rate: 4% to 6% monthly interest rate
4. M Lhuillier
M Lhuillier has over a thousand branches nationwide. It offers quick cash loans or sangla with a 30% higher appraisal rate. Apart from pawning, M Lhuillier also offers bills payment and remittance.
Website: www.mlhuillier.com
Location: Nationwide
Services offered:
- Bills payment
- Remittance
- Quick cash loans or sangla
- Insurance plans
Basic requirements:
- Valid ID
- Collateral guarantee (jewelry, watches, electronics, or appliances)
Loan term: Unspecified
Interest rates and other charges:
- 3% monthly interest rate for quick cash loans
- 1% service charge of the principal loan
5. Tambunting Pawnshop
Tambunting has branches nationwide and is one of the top pawnshops in the Philippines. You can pawn your vehicle, appliances, jewelry, and even pledges or stocks for a loan with this pawnshop.
Website: www.tambunting.ph
Location: Nationwide
Services offered:
- Pawning
- Bills payment
- Loading services
- Remittance
Basic requirements:
- Valid ID
- Collateral guarantee (vehicles, appliances, gadgets, jewelry,etc)
Loan term: Up to six months
Interest rate: 4% monthly interest rate
6. Raquel Pawnshop
Raquel Pawnshop started in Lucena in the 90s and now has over a hundred branches nationwide. Its sangla service accepts jewelry, gadgets, and appliances as collateral guarantees.
Website: www.raquelpawnshop.com
Location: Nationwide
Services offered:
- Pawning
- Remittance
- Loading services
- Cash withdrawal
Basic requirements:
- Valid ID
- Collateral guarantee (jewelry, gadgets, or appliances)
Loan term: Up to three months
Interest rates and other charges:
- 2% to 10% monthly interest rate
- Service charge of 1% of the principal loan amount
7. RD Pawnshop
RD Pawnshop accepts gold jewelry and gold bars as collateral guarantees for pawning. Apart from this service, it also offers bills payment and remittance.
Website: www.rdpawnshop.com.ph
Location: Nationwide
Services offered:
- Pawning
- Remittance
- Loading services
- Bills payment
Basic requirements:
- Valid ID
- Collateral guarantee (gold jewelry, gold bars, or Rolex or Rado watches)
Loan term: Up to four months
Interest rates and other charges:
- 3% monthly interest rate
- Service charge of 1% of the principal loan amount
8. N-CA$H
N-CA$H is one of the few online pawnshops in the Philippines. It accepts watches, designer bags, and gadgets as collateral guarantees for pawn loans.
Website: www.ncash-pawnshop-philippines.com
Basic requirements:
- Valid ID
- Collateral guarantee (jewelry, gadgets, designer items,or vehicles)
Loan term: Up to four months
Interest rates and other charges:
- 4% to 5% monthly interest rate
- Service charge of 1% of the principal loan amount
9. Jerome’s Pawnshop
Jerome’s Pawnshop is a small pawnshop with branches in Cebu and Laguna. It accepts laptops, watches, and jewelry for pawning.
Locations: Cebu, Laguna
Basic requirements:
- Valid ID
- Collateral guarantee (gadgets, jewelry, or watches)
Loan term: Up to three months
Interest rates and other charges:
- 3% to 10% monthly interest rate
- Service charge of 1% of the principal loan amount
10. CVM Pawnshop
CVM offers pawn loans with an interest rate of up to 13% a month. You can use your gadgets or jewelry as collateral.
Website: www.cvmpawnshops.com
Location: Nationwide
Services offered:
- Pawning
- Bills payment
- Remittance
- Loading services
- Cash withdrawal
Basic requirements:
- Valid ID
- Collateral guarantee (gadgets or jewelry)
Loan term: Up to four months
Interest rates and other charges:
- 3% to 13% monthly interest rate
- Service charge of 1% of the principal loan amount
11. Dalton Pawnshop and Jewelry
Dalton Pawnshop and Jewelry has branches across Mindanao. It offers pawning with an interest rate of 1% on jewelry for the first week.
Locations: Over 40 branches in Mindanao
Services offered:
- Pawning
- Remittance
- Money exchange
- Loading services
Basic requirements:
- Valid ID
- Collateral guarantee (gadgets, jewelry, or appliances)
Loan term: Up to four months
Interest rates and other charges:
- 2% to 5% monthly interest rate
- Service charge of 1% of the principal loan amount
12. PawnHero
PawnHero is the first online pawnshop in the Philippines. You can pawn your jewelry, gadgets, or designer bags using this online pawnshop without incurring any service charge.
Website: www.pawnhero.ph
Service offered: Pawning
Basic requirements:
- Valid ID
- Collateral guarantee (jewelry, appliances, designer bags, or cameras)
Loan term: Up to four months
Interest rate: 2.99% to 10% monthly interest rates
13. M. B. Aguirre Pawnshop
M.B. Aguirre has over 40 branches catering to customers from Metro Manila, Cavite, and Laguna. Aside from pawning, they also offer money exchange services.
Website: www. mbaguirre.ph
Locations: Metro Manila, Cavite, and Laguna
Services offered:
- Pawning
- Money exchange
Basic requirements:
- Valid ID
- Collateral guarantee (jewelry, cellphones, laptops, or watches)
Loan term: Up to four months
Interest rates and other charges:
- 3% to 4% monthly interest rate
- Service charge of 1% of the principal loan amount
14. Gemmary Pawnshop and Jewelry
Gemmary accepts jewelry, watches, laptops, and cellphones as sangla collateral. It charges a monthly interest rate of up to 7%, but it can be as low as 2.5% a month for a pledge amount of PHP 50,000 and above.
Location: Nationwide
Services offered:
- Pawning
- Money transfer
- Lay-away plans for auctioned jewelry
Basic requirements:
- Valid ID
- Collateral guarantee (jewelry, watches, laptops, or cellphones)
Loan term: Up to three months
Interest rates and other charges:
- 3% to 7% monthly interest rate
- 2.5% monthly interest rate for a pledge amount of PHP 50,000 and over
- Service charge of 1% of the principal loan amount
15. Agencia Zee
Agencia Zee was founded in 1996 and caters to customers in Bacolod City. For its pawning services, you can use your appliances, gadgets, and anything of value as collateral.
Location: Bacolod City
Service offered: Pawning
Basic requirements:
- Valid ID
- Collateral guarantee (appliances, gadgets, or anything else of value)
Loan term: Up to four months
Interest rates and other charges:
- 3% to 7% monthly interest rate
- Service charge of 1% of the principal loan amount
16. Capital Pawnshop
Capital Pawnshop has a few branches in Metro Manila, offering sangla services to its customers. They are one of the longest-running pawnshops in the Philippines.
Locations: Metro Manila
Service offered: Pawning
Basic requirements:
- Valid ID
- Collateral guarantee (jewelry, watches, laptops, or cellphones
Loan term: Up to three months
Interest rates and other charges:
- 3% to 8% monthly interest rate
- Service charge of 1% of the principal loan amount
17. JARO Pawnshop
JARO Pawnshop is a starting pawnshop that offers pawning and money transfer services to customers.
Locations: Nationwide
Services offered:
- Money transfer
- Pawning
Basic requirements:
- Valid ID
- Collateral guarantee (jewelry, cellphones, laptops, or watches)
Loan term: Up to three months
Interest rates and other charges:
- 4% to 10% monthly interest rate
- Service charge of 1% of the principal loan amount
18. Ros-Ver Pag-Asa Pawnshop
Ros-Ver Pag-Asa Pawnshop has more than 20 branches in Mindanao. It offers pawn loans with a monthly interest rate of up to 6%.
Website: www.pagasapawnshop.com
Locations: Mindanao
Services offered:
Pawning
Prenda-pasok
Basic requirements:
- Valid ID
- Collateral guarantee (jewelry, gadgets, musical instruments, or power tools)
Loan term: Up to four months
Interest rates and other charges:
- 3% to 6% monthly interest rate
- Service charge of 1% of the principal loan amount
19. PTS Gadget Pawnshop
Aside from gadgets, PTS Gadget Pawnshop accepts watches as collateral guarantees for a loan. It has numerous branches across Metro Manila.
Location: Metro Manila
Service offered: Pawning
Basic requirements:
- Valid ID
- Collateral guarantee (watches, cellphones, or other gadgets)
Loan term: Up to three months
Interest rates and other charges:
- 4% to 10% monthly interest rate
- Service charge of 1% of the principal loan amount
Final Thoughts
Pawn loans are a quick way to finance unforeseen expenses and emergencies. However, you should proceed with caution[1]. Before getting a pawn loan, compare interest rates and other charges from different pawnshops in the Philippines. Only get a loan from a reputable pawnshop and plan how you can pay for monthly payments. If you can’t pay the loan within the allotted period, you can’t get your collateral back.
Read more:
- Sangla in the Philippines: Know the Benefits and Risks Before Pawning Valuables
- Saving Through Online Pawnshops
Source: [1] Pawning Protection: Pawning Around the World and the Red Flags Against Scams (Cebuana Lhuillier Blog, 2018)
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