Malaysia's Best Service Pawnshop
Monday - Saturday, 8.30am - 5.30pm | Sunday, 8.30am - 3.30pm

Pawn Shop today in Malaysia

What is Pawn Shop?

Pawnbroking is a popular service in Malaysia today, and it is one of the types of financial services that has existed since ancient times. Pawnbrokers operate by providing loans to customers and accepting valuable items as collateral for loan repayment. Taking out a loan can be an option that can help us get by. But should we apply for a bank loan or go to a pawnshop?

Pajak Gadai secara tradisionalnya dikenali sebagai “kedai pajak” atau “pajak gadai”. Ia biasanya terletak di kawasan bandar atau pekan kecil, dan menawarkan pinjaman wang tunai untuk barang-barang berharga seperti emas, perak, berlian, jam tangan, dan lain-lain.

Pawnbroking companies assess the value of the items and offer loans based on their appraised value. Customers will sign a loan agreement that specifies the loan amount, interest rate, repayment period, and consequences if they are unable to repay the loan.

Pawnbroking is an option for those who need quick cash and do not have access to bank loans. It can also be an easier way to obtain a loan compared to borrowing from family or friends.

What items can be pawned at pawnshops in Malaysia?

Pawnshops in Malaysia accept various types of items, including gold, silver, diamonds, luxury watches, branded handbags, and other valuable goods. However, the types of items that can be pawned may vary between different pawnshops. Some pawnshops may only accept specific types of items, such as gold only, while others may accept a wide range of items, such as jewelry or electronics. Before pawning an item, it is important to check with the pawnshop to ensure that they accept the item you wish to pawn. At Pawnzon, we accepts jewelry items such as gold, silver, diamonds, and Rolex watches.

How to pawn gold in Malaysia?

Pawning gold in Malaysia is a popular option, especially for those who have jewelry or gold bars. Gold is a valuable commodity that can be used as collateral to obtain a loan. The first step is to find a licensed and reputable pawnshop that accepts gold as collateral. You can bring your gold items to be evaluated for free. The pawnshop will assess the gold and offer a loan amount based on its value. Once the loan is approved, the gold will be held as collateral until the loan is repaid. Our pawnshop, Pawnzon, has been an expert in this field since 1947. For more information on how it works, you can read our guide on how to pawn at Pawnzon..

What is the interest rate for pawnshops in Malaysia?

The interest rate for pawnshops in Malaysia depends on the specific pawnshop. At Pawnzon, we offer competitive interest rates as low as 1.5% per month. Before agreeing to a loan, it is important to carefully read the terms and conditions to understand the interest rate and any associated fees. Pawnzon also offers flexible options, such as daily interest rates (not exceeding 2%). For more information about flexible interest rates, please refer to our interest calculation guide.

What happens if I can't repay the loan?

However, pawnbroking services also come with risks. If a customer is unable to repay the loan within the specified period, the pawnbroking company can take possession of the collateral item and auction it off to cover the loan costs.

Therefore, before using pawnbroking services, customers need to carefully consider the loan costs, risks, and their financial situation. They also need to ensure that they fully understand the terms and conditions of the loan before signing the loan agreement (pawn ticket).

Benefits of using Pawnbroking services:

  1. Quick access to cash: Pawnbroking services allow customers to obtain cash quickly without having to wait for loan approval from larger financial institutions like banks. This is especially useful for emergency needs such as medical bills or urgent purchases.
  2. No financial statements required: Unlike bank loans or other financial institutions, customers do not need to provide extensive financial statements or credit reports to apply for a pawnbroking loan. This makes the application process faster and easier.
  3. No need for a guarantor: Customers do not need to find a guarantor to apply for a pawnbroking loan. The valuable item provided as collateral is sufficient to secure the loan.
  4. Lower interest rates: Interest rates for pawnbroking loans are usually lower than those offered by larger financial institutions. This is because pawnbroking companies have lower risks compared to larger financial institutions.
  5. Privacy maintained: Customers can maintain their privacy as pawnbroking services do not require excessive personal information. Additionally, transactions between customers and pawnbroking companies are difficult to trace by external parties.


In conclusion, while pawnbroking services offer benefits, it is important to consider the risks and drawbacks before utilizing them. Customers need to ensure that they fully understand the terms and conditions of the loan before signing the loan agreement.

Typically, in pawnbroking services, customers do not need to make monthly repayments on the collateral. Instead, they need to pay the interest determined by the pawnbroking company on the loan amount provided before the end of the loan term.

If the customer is unable to repay the loan on the specified date, the pawnshop will auction off their pawn item to cover the costs.

Have you decided to Pawn your gold? Contact us!

Interested in finding out how much you can earn with your gold “Pawn”, call us now at 03-7496 8788 / 03-7890 4132 or visit us at your nearest shop to get a FREE price evaluation! FREE!