Pawn Items
Types of items we accept from our customers.
Gold
All forms of gold jewellery, including 999, 916, 835, 750, 22K, 18K and etc. We also accept gold bars, wafers and coins. In addition, damaged or incomplete jewellery can also be accepted.
Diamonds
Diamond jewelry in any form, with or without official diamond certification.
Silver
All forms of silver block or coins. Damaged or incomplete silver block or coins are also accepted.
Rolex Watches
Rolex branded watches in every design.
HOW PAWNING WORKS
IT’S HASSLE-FREE
Pawning valuables with us is quick and easy. You only need your IC/MyKad/Passport for Identification purposes.
Pawning valuables with us is quick and easy. You only need your IC/MyKad/Passport for Identification purposes.
- Customers must be aged above 18 years old.
- Pawn amount will be given based on current market rates of customer’s valuables.
- Customer’s information will be recorded and pawn ticket(s) will be issued.
- Each pawn ticket has a period of 6 months.
- All customers can select plan to repay interest (Flexi Interest), and interest will be charged based on loan amount and will be paid upon redeeming pawned item(s).
- If the pawn ticket is lost, please notify us as soon as possible to prevent unauthorized redemption of your items.
5-MINUTE APPROVAL
STEP 1
Bring pawned item(s) and identification document(s).
STEP 2
We evaluate the pawned item(s) and quote a price.
STEP 3
Pawn ticket is issued with cash on-the-spot.
* All Pawn Transaction are compliant to Pawnbrokers Act 1972. Terms & Conditions Apply.
HOW RENEWAL WORKS
- Issued pawn ticket(s) are required to be shown when renewing ticket(s) at any Pawnzon partners with IPT.
- Customers can choose to increase amount, decrease amount, or pay interest.
- Customers are required to pay interest and ticket charges. Then, new pawn ticket(s) will be issued for a further 6 months.
- We will always notify you via SMS, call, and mail before the pawned item is being scheduled for auctioning.
5-MINUTE RENEWAL
STEP 1
Bring pawn ticket(s) to any partners with IPT.
STEP 2
Options selected for renewal:
Add/Reduce Amount OR Pay Interest.
Add/Reduce Amount OR Pay Interest.
STEP 3
Pay for interest and ticket charges. Get new pawn ticket(s).
HOW REDEMPTION WORKS
- Issued pawn ticket(s) are required upon ticket(s) renewal at ORIGINAL Pawnzon partner.
- Customer’s Identity will be verified and recorded.
- Customers are required to pay redemption amount which includes pawn amount and interest charges.
- Pawned item(s) will be returned to customers after redemption process is completed.
- Redemption needs to be done within 6 months from ticket issued date.
Interest Calculation: Flexi Interest*
In event of a new pawn transaction, the sole owner of the ticket has the right to select one of the flexi interest plans. Comprises of:
- Interest by month (fixed at 1.5% rate per month)
- Interest by day (not exceeding 2% rate per month)
Interest By Month
| Total Pawn Amount | Interest Charged (RM) (Fixed at 1.5% per month) | |||
| 1 Day | 2 Days | 15 Days | 30 Days | |
| RM100 | 1.50 | 1.50 | 1.50 | 1.50 |
| RM1,000 | 15 | 15 | 15 | 15 |
| RM10,000 | 150 | 150 | 150 | 150 |
Interest By Day**
| Total Pawn Amount | Interest Charged (RM) (≤ 2% per month) | |||
| 1 Day | 2 Days | 3 Days | 15 Days | |
| RM100 | 0.10 | 0.10 | 0.20 | 1.00 |
| RM1,000 | 0.70 | 1.30 | 2.00 | 10.00 |
| RM10,000 | 6.70 | 13.30 | 20.00 | 100.00 |
** Daily interest is calculated as current month of date.
* Terms and condition applied. Click here
5-MINUTE REDEMPTION
STEP 1
Bring pawn ticket(s) to ORIGINAL partner.
STEP 2
Identity verification process.
STEP 3
Pay redemption amount and collect pawned item(s).
