Pawn Loans
You can borrow money without parting with your precious belongings.
The redemption deadline is 3 months from the date you pawn your item or the date you have paid the interest. If you pay the “interest” and “loan principal” within the deadline, your item will be returned to you.
“Interest” accrues monthly from the date you pawn your item. If you fail to pay the interest for more than 3 months (redemption deadline), the item will be forfeited. This redemption deadline can be extended by one month at a time by paying the “interest.” When the ownership of the item is transferred from you to our store, the obligation to repay the “interest” and “loan principal” is waived. There are no debt collections or repayment reminders, so you can use our service with peace of mind.
We lend you money within the value of the item,
using your item as collateral.
Our Pawn Service
1.High Appraisal Value
We appraise your items based on the latest market prices from nationwide auction houses.
2.Instant Cash
If you are satisfied with the appraised value, we offer instant cash payment. However, for high-value items, there may be exceptions, so please consult us in advance.
3.Weekly Interest Calculation
At most pawnshops, one month’s worth of interest accrues from the day you pawn your item. However, at our store, we calculate interest on a weekly basis when you redeem your item, dividing one month into four weeks. *The extension of the deadline is in one-month units.
4.No Loan Screening
No income verification or other documents are required. In principle, all you need is the item and your ID. Anyone over 18 years old who understands the contract terms can use our service.
5.No Repayment Reminders or Debt Collection
If you fail to pay the interest for more than 3 months, the ownership of the pawned item will be transferred to our store (forfeiture). We will notify you of the redemption deadline if you wish, but otherwise, there will be no contact from our store.
6.Repayment is Your Choice
If you decide you no longer need the pawned item, you can simply do nothing and the loan will be considered repaid after 3 months.
7.Deadline Extension is Possible
The redemption deadline is 3 months, but you can extend it by paying the interest within that period.
8.New Pawning is Possible Even After Forfeiture
Even if you have used our pawning service before and forfeited an item in the past, it doesn’t matter! You can use our pawning service again as many times as you like.
We offer appraisal values based on the latest nationwide market prices.
You can get an appraisal even if you are just curious.
We are available for consultations only.
If used wisely, it’s a convenient system that allows you to help yourself with your own belongings.
Process of Pawning
Please bring the “item” to be used as collateral and your “ID” to our store.
Acceptable IDs:
- Driver’s license
- My Number card
- Health insurance card
- Passport（with address）
- Residence card
*Please note that for health insurance cards and passports, depending on the information provided, we may ask you to verify your address and name with official documents or utility bills.
①Bring your item to our store.
Please bring the item and your ID.
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②We will appraise your item.
The appraisal will be completed on the spot in about 5 minutes. We will present you with the maximum loan amount. (Depending on the item and the number of items, it may take longer.)
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③Loan (Pawning Agreement)
If you are satisfied with the appraised value, we will give you a pawn ticket (receipt) and cash on the spot. (Please note that we only accept items that belong to you or that you have the right to dispose of.)
If the appraisal amount does not meet your needs and you do not wish to proceed with the loan, there is no appraisal fee. You can take your item back with you.
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④Redeeming your item
If you pay the principal (the money we lent you) and the accrued interest, we will return your item to you. Interest is calculated on a weekly basis.
*If you wish to extend the redemption period, you can do so by paying the interest within the deadline.
If you fail to repay or extend the loan within the deadline (Forfeiture)
If you fail to pay the interest for more than 3 months, the ownership of the item will automatically be transferred to our store. At the same time, your obligation to repay the loan will be waived. There will be no debt collection or contact from us. The process ends with you letting go of the item. This is called forfeiture.
Pawn Ticket
Once your pawn loan agreement is finalized, we will issue you a “pawn ticket.”
The pawn ticket will contain the following details of your loan agreement:
①：Loan Agreement Date: The date the loan agreement was finalized.
②：Loan Amount: The amount of money you borrowed.
③：Monthly Interest Rate and Charge: The monthly interest rate and the corresponding interest charge for the loan.
④：Weekly Interest Charge: The interest charge for one week.
⑤：Interest Payment Date: This will be initially blank, and the date you make an interest payment will be entered here.
⑥：Forfeiture Date: The date on which the pawned item becomes forfeit if the loan and interest are not repaid.
Pawn Repayment Period
◆The pawn period is, in principle, within 3 months.
The basic pawn period is 3 months. During this period, your item will not be forfeited even if you do not pay the interest. If you fail to pay the interest for more than 3 months, the item will be forfeited and the ownership of the pawned item will be transferred to our store. At this point, you are no longer obligated to repay the loan or interest.
◆If you want to extend the redemption deadline
The redemption deadline can be extended by paying the interest. Interest accrues monthly according to the loan amount. By paying the interest, you can extend the redemption deadline. One month is calculated from the date you pawned the item to the same day of the following month.
Interest and Calculation Method
◆ Interest
The interest rate is 3% to 8% per month. The monthly interest is determined based on the loan amount.
Example:
・For a loan of 50,000 yen
→ The monthly interest is 3,500 yen.
・For a loan of 100,000 yen
→ The monthly interest is 6,000 yen.
◆Calculation Method
When you redeem your item, interest for less than one month is calculated on a weekly basis. One week is counted from the date you pawned the item / the date interest was last paid to the 7th day, and from the 4th week onward, it is counted as one month.
Interest is calculated from the date the item is pawned:
- Days 1-7: 25% of the monthly interest charge
- Days 8-14: 50% of the monthly interest charge
- Days 15-21: 75% of the monthly interest charge
- Day 22 and beyond: 100% of the monthly interest charge
*The weekly rate does not apply if the monthly interest charge is less than 500 yen.
◆Interest Table
| 貸付額 | 利率 |
|---|---|
| 40,000未満 | 8.0 |
| 50,000 | 7.0 |
| 100,000 | 6.0 |
| 150,000 | 5.5 |
| 200,000 | 5.0 |
| 250,000 | 4.7 |
| 300,000 | 4.6 |
| 350,000 | 4.3 |
| 400,000 | 4.0 |
| 450,000 | 3.8 |
| 500,000 | 3.6 |
| 550,000 | 3.5 |
| 600,000 | 3.5 |
| 650,000 | 3.5 |
| 700,000 | 3.5 |
| 750,000 | 3.5 |
| 800,000 | 3.3 |
| 850,000 | 3.3 |
| 900,000 | 3.3 |
| 950,000 | 3.3 |
| 1,000,000 | 3.0 |
*This is a partial excerpt.
Repayment Process
There are three repayment patterns.
You can choose any pattern you like.
Case1
When you have the interest and principal ready
Please pay the accrued interest (calculated by the number of months and weeks that have passed) and the principal. We will return your pawned item to you.
Case2
When you cannot repay within the deadline,
but do not want to give up the item
You can extend the redemption deadline by paying only the interest.
Case3
When you cannot repay within the deadline and want to give up the item
If you fail to pay the interest for more than 3 months, the item will be forfeited. At that point, the ownership of the pawned item will be transferred to our store, and you will no longer be obligated to repay the principal or interest. There are no special procedures required.
Loan Example
Case1 When you have the interest and principal ready
If you borrowed 800,000 yen on August 1st using a Rolex watch as collateral and redeemed it on September 5th, the interest would be 33,000 yen (one month and one week).
The total amount payable would be
800,000 yen + 33,000 yen = 833,000 yen.
Loan Example
Case2 When you cannot repay within the deadline, but do not want to give up the item
If you borrowed 350,000 yen on August 1st using a 1-carat diamond ring as collateral, the initial redemption deadline would be November 1st.
If you are unable to repay the loan in full by this date, please extend the deadline.
The monthly interest is 15,050 yen.
If you pay the above interest, the deadline will be extended to December 1st.
You can redeem your item by paying the principal and the accrued interest at a later time when you have the funds.
*If the interest remains unpaid for more than 3 months, the ownership of the item will be transferred to us (forfeiture).
Loan Example
Case3 When you cannot repay within the deadline and want to give up the item
If you borrowed 20,000 yen on August 1st using a Louis Vuitton wallet as collateral and were unable to repay the loan, the monthly interest would be 1,600 yen.
If the loan remains unpaid after 3 months, the item will be forfeited on November 1st.
At that point, the ownership of the pawned item will be transferred to our store, and you will no longer be obligated to repay the principal or interest.
There are no special procedures required.
FAQ
A1 When the deadline has passed, the ownership of the item is transferred from you to our store. However, the item may still be at our store, so please contact us.
A2 There is a proxy section on the back of the pawn ticket we issue. Please fill it out and give it to the person who will be picking up the item.
A3 Anyone over the age of 18 who understands the terms of the agreement can use our service.
A4 It may be a bit of a burden, but if there are any accessories or boxes, it is better to bring them all. They may affect the appraisal value, and it also eliminates the risk of losing accessories that are left at home after you pawn the item.
Also, in the case of musical instruments, the case may be specifically designed for storing the instrument and ensuring its proper storage.
A5 You can pawn the same item again. However, the market price will be based on the current value at the time of pawning, so the loan amount may vary.
A6 You can adjust the loan amount in increments of 1,000 yen, as long as it is within the appraisal amount. Please let us know the amount you need.
A7 Yes, it is. We will not disclose the details of your agreement to anyone, even your family members, without your consent and proper identification.