Pawn Loans



A pawn is a 90-day collateral loan during which you may pick up your items at any time. You can use 1 day and then pick up your loan or you can use the full 90 days and then pick up your loan.

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.

Want to know your Pawn Loan?


Bring stuff


Get an offer


Get paid


Keep your pawn ticket


Want to know your Pawn Loan?

Click below to get an estimate on your loan,

interest and fees.

Book An Appointment

Why Pawn With 8 Mile Pawn Broker?

  • Trust in our 48 years of experience serving the community.
  • 8 Mile Pawn Broker follows all federal, state, and local laws and regulations.
  • On average, more than 80% of all customers return to reclaim their items, according to the National Pawnbrokers Association.

Repaying Your Pawn


Pay off & pick up your item

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.

Extend your loan terms

If you choose, you can simply pay the interest and roll the loan over for another 90 days.

What Can I Pawn?

The top three things that generate the most cash for your loan are:


Don’t be limited to just these items

Most anything can be pawned


Out of town, Busy with life, Stuck at the job No problem! For your convenience download our Mobile Pawn app today to make payment on anything at anytime!

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