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

Frequently Asked Questions (FAQs)

Frequently Asked Questions (FAQs)

A pawn is another term for collateral loan. We lend money on items of value ranging from Gold, Diamond, Silver, and Rolex Watches. Loans are based on the value of the pawned item. The loan period is 6 months and an interest rate of not more than 2% per month of the total pawn amount.

Your valuables will be assessed by a trained Valuer. Then, a pawn amount will be given in cash based on current market rates. Once the pawn amount is agreed upon, our Data Operator will record your information, and a pawn ticket will be issued. Pawn tickets are used for future transactions with our pawn shops (E.g – paying interest, redeeming pawned valuable, etc).

All individuals aged 18 years (after D.O.B) and above with a valid I/C or Passport.

There is a RM0.50 fee for each pawn ticket issued. Besides that, no other hidden costs or extra charges.

6 months from the pawn date or after being issued a new ticket renewal. (Example: Pawn Date = 2 January 2020, Due Date = 1 July 2020)

After your due date, we will notify you via SMS, Call, or mail to extend the loan period to an additional 30 days. You do not have to pay the full amount at once; you can pay interest only; or you can pay in instalments. Each instalment extends the holding period for another six (6) months. If you fail to renew your pledge or redeem your item after six months and 30 days extension, your item will then be publicly auctioned.

Yes, you can pay by instalments anytime within the 6 months duration. A new pawn ticket will be issued, with the new loan amount.

Yes, we can help you re-evaluate your pawned valuable to the latest market price.

IPT is “Inter Pawnshop Transfer”, for the convenience of our customers to renew tickets and make interest payments at the nearest pawn shop in Pawnzon’s network (15 pawn shops in Selangor & Kuala Lumpur). We will help to send renewal to the original shop where you pawned your item.

First, we advise you to call our pawn shop to lock your pawned item in case of others using it. We can issue a DUPLICATE pawn ticket for you without charges. If you want to redeem your item or renew your pawn ticket; the Owner is required to be physically present for the renewal process. In case of sending a representative, the owner is required to write a letter of oath with confidence and in accordance with the Statutory Declarations Act, 1960.

You may register as our member by clicking this link: or visit any nearest participating pawnshop and seek assistance from available staff.


  • No minimum repayment periods. The maximum repayment period for pawning is six (6) months from the transaction date, with the possibility of extension subject to approval.
  • Mximum Annual Percentage Rate (APR), which includes interest rate plus fees and other costs for a year is 24%.
  • A representative example of the total cost of the loan, including all applicable fees is: A loan of RM 1,000.00 with a monthly interest rate of 1.5% for three months will result in RM45.00 in interest charges. Therefore, the total amount needed to redeem the pledged item is RM 1,045.00.
  • We DO NOT provide loans which require repayment in full in 60 days or less from the date the loan is issued.