Pawnshop Loan Calculator
Pawn loan interest, total, and APR.
What it does
Pawnshop loans trade goods for fast cash at monthly rates near 20%: a $200 advance costs $80 in two months plus $25 fees. Unpaid tickets forfeit the item.
The tool above takes principal, monthly rate, months, and fees. It returns interest with total repayment and nominal APR.
The default $200 at 20% for 2 months with $25 fees costs $80.00 interest for $305.00 total at 240% APR. The $100 case at 25% for 1 month with $10 costs $135.00.
Trade guidance frames collateral lending with monthly rates, ticket fees, and forfeiture on default. Consumer materials repeat the nominal APR math with fee warnings.
Cheaper doors exist first: credit union loans, payment plans, and selling outright beat pawning costs. Ticket dates rule redemptions, so calendar the payoff day.
How to use
- Type the principal.
- Type the monthly rate.
- Type the months.
- Type the fees.
- Read interest first.
- Read total and APR beside it.
Formula
- principal
- Cash advanced in dollars.
- rate
- Monthly rate as percent.
- fees
- Ticket and storage fees.
Trade association pawn guidance frames collateral loans with monthly rates, ticket fees, and forfeiture terms. Consumer protection materials repeat the same cost structure with nominal APR math. Totals here sum entered fees, so tickets read higher than interest alone.
Worked example
Example: $200 pawn loan
Defaults: $200 at 20% for 2 months, $25 fees.
- Loan: $200 at 20% monthly for 2 months plus $25 fees.
- Interest: 200 x 0.20 x 2 = $80.00.
- Total: 200 + 80 + 25 = $305.00.
- APR: 20 x 12 = 240% nominal.
- Risk: unpaid loans forfeit the pawned item.
- Tool shows $80.00, $305.00, 240% nominal APR.
Reference table
| Loan | Interest | Total |
|---|---|---|
| $200 at 20% x 2 + $25 | $80.00 | $305.00 |
| $100 at 25% x 1 + $10 | $25.00 | $135.00 |
| $500 at 15% x 3 | $225.00 | $725.00 |
| $1000 at 10% x 6 + $50 | $600.00 | $1,650.00 |
Limits
- Interest plus entered fees.
- State caps vary widely.
- Redemption rules vary.
- No legal advice here.
Common mistakes
- Rolling months blindly.
- Ignoring fee stacks.
- Pawning tools of trade.
- Missing ticket dates.
- Skipping bank quotes.
Try it yourself
Quick checks. Answers sit tucked under each question.
$100 at 25% for 1 month, $10 fees?
$25.00 interest, $135.00 total at 300% APR.
$500 at 15% for 3 months, no fees?
$225.00 interest, $725.00 total at 180% APR.
$5 principal?
Under $10 falls below shop minimums: enter $10 up.
Questions
Interest math?
Principal times monthly rate times months, plus ticket fees. Extensions restart interest.
APR scale?
Monthly times twelve nominally: 20% runs 240%. True cost adds fees.
Fees on top?
Yes, ticket, storage, and late fees stack past interest. Read the pawn ticket lines.
Miss payments?
The pawned item secures it: default forfeits the goods, no credit hit in most states.
Alternatives priced?
No, this prices the loan. Banks, credit unions, and assistance cost less.
Pawn what?
Jewelry, tools, and instruments with resale value and ID. Title varies by shop.