The minimum APR is 3%. At the end of your loan, you can decide to make a redemption or renewal (when you renew your loan it is another 90 day loan which you can use 1 day or the full 90 days and then pick up your loan, same minimum and maximum APR apply).
A redemption is the payment of your principal + interest, at which time you will receive your item(s) back. A renewal is a payment of interest only, which renews your loan for another 90 days.
There is no limit to the amount of times a pawn can be renewed and you may also choose to redeem your items at any time as payment in full.
Once you have passed your due date you are responsible for late fees and new month interest will apply.
On or before your loan expiration date, return with your pawn ticket and pay the loan amount plus all fees (3% monthly interest and a $3 monthly secure storage fee). Once paid, we’ll return your item to you.
If you choose, you can simply pay the interest and roll the loan over for another 90 days.