What is a pawn loan and how do they work?

  • What is a pawn loan?

A pawn loan is a quick and convenient way to borrow cash without a credit check. Money is lent against collateral. Most commonly this would be jewelry or electronics but can be just about anything that has value.


pawn shop cash loan

  • How does a pawn loan work?

The pawn broker holds your merchandise for collateral, which is returned when you repay the loan plus interest. The interest rates can vary greatly between pawn brokers, so be sure to compare rates before settling on a pawn shop to do business with.
There is no obligation to redeem the loan and there is no negative impact on your credit.

  • How much can I borrow?

The amount of the loan is determined by the value of the collateral.
There are many factors we look at to price an item, such as the age, condition and our ability to resell the item.
Jewelry is based largely on the gold market and the value of gemstones and diamonds.

  • How long do I have to repay the loan?

The length of the loan is 90 days, which can
be extended by paying the monthly interest charge.


So why pawn with Mannisi Jewelers?


  • We have the lowest pawn rates in the St. Louis area. Some pawn shops charge double and triple our rate.
  • We have flexible and lenient terms, we always try to work with our customers. We don’t want to see you loose your things if you are past the deadline.
  • We have been in business for 60 years and have earned our customers trust and loyalty. We encourage you to read reviews about us on Google, Yahoo, Facebook, etc. If a business is doing wrong these days, you will see it online!
  • We have over 80 combined years of experience to correctly appraise your item and get you the highest cash loan possible.

    To find out more about Mannisi Jewelers / Wellston Loan Pawn Shop, click here.

    Mannisi Jewelerys Pawn Shop

    If you have any questions, please don’t hesitate to
    contact us.