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pawnhero.ph
8828-2274

Home Pawning

About PawnHero

Pawning

PawnHero is the first online pawn shop in the Philippines and is leading the modernization of the pawnbroking industry in the country since 2015. PawnHero’s mission is to provide the most convenient and reliable financial service to all Filipinos in need of quick cash loans.

Through the use of advanced technology, PawnHero is able to provide instant cash loans to its customers in a hassle-free and discreet manner. PawnHero is the pawn shop that goes to your homes which eliminates the need for people to go out into the streets in search of ways to turn their valuables into cash. A safer option for you, our pawners, especially during this time of pandemic.

With PawnHero Pawnshop, you can experience the complete pawn shop services even from the comfort of your home. All you have to do is pawn conveniently online through our official website. Walk-in customers are also accepted at the PawnHero Pawnshop office.

Pawning Luxury

PawnHero is your expert luxury pawn shop in the Philippines. Our expertise is on providing secured loans by using your designer bags, luxury watches and other high-end assets as collateral. We accept brands like Louis Vuitton, Hermès, Chanel, Givenchy, Prada, Goyard, Gucci, YSL, Celine, ROLEX, Audemars Piguet, Patek Philippe and more. We also accept gold, jewelry and more.

The likes of businessmen, investors, entrepreneurs, small business owners, luxury resellers and such choose PawnHero Pawnshop when obtaining short term capital to address a financial situation or meet an opportunity fast and easy with less documentation and waiting time.

Pawning Smartphones and Other Gadgets

PawnHero is your trusted go-to pawn shop for smartphones, other gadgets and electronics in the Philippines. Our expertise covers providing secured loans by using your smartphones, laptops and other high-end assets like cameras and Smart TVs as collateral. We accept brands like Apple, Samsung, Huawei, Vivo, OPPO, Sony, Fujifilm, Canon, Nikon, Microsoft, and more.

Pawners choose PawnHero Pawnshop when obtaining short term capital to address a financial situation, cover emergency expenses or meet an opportunity fast and easy with less documentation and waiting time.

Pawning experience, upgraded!

Whether you are pawning online via our website or at our physical pawn shop, you will enjoy the upgraded pawning experience that PawnHero Pawnshop proudly offers – fast, safe, convenient and discreet! Pawn online or visit us at 7F W Global Center, Bonifacio Global City, Taguig City from 9:00 AM to 7:00 PM, Monday to Saturday.

What you should expect:

  • Loan approval in as fast as 1 day
  • Loan release real time upon approval
  • Loan amount limit is only based on your per item’s value
  • Less documentation and no credit check

What you will enjoy:

  • Fast funding to address a situation or meet an opportunity
  • Flexible terms to suit your specific cash needs
  • Good alternative to selling your asset
  • Concierge-type pawning experience

Items We Accept

Unlike traditional pawn shops, at PawnHero, we accept a wide variety of valuable items such as luxury items like designer bags, luxury watches, designer belts, designer sunglasses, designer shoes and more. In addition, we also accept an expanded list of items like smartphones, other electronic gadgets like soundbars and speakers, gaming consoles, gold jewelry, precious metals, gemstones and more that are already traditionally accepted by pawn shops. All of these are acceptable as loan collateral at PawnHero Pawnshop. For a full list of items we accept, see the list below.

Get a FREE initial appraisal

Interest Rates and Other Charges

PawnHero also offers one of the lowest interest rates in the country going as low as 3.5% per month. Customers also enjoy flexible loan terms which are renewable every month without hidden costs. We also provide some of the highest appraisal rates which you won’t find in traditional pawn shops.

PawnHero Pawnshop offers flexible loan terms and interest packages depending on the item category used as collateral for a loan.

Charges applied for gold and jewelry:

  • Interest of 3.5% for gold and jewelry or ₱ 500.00 whichever is higher
  • Service charge of 1% of principal loan but shall not exceed ₱ 5.00
  • Documentary stamp tax of ₱ 40.00 for loan amount up to ₱ 5,000.00, additional ₱ 20.00 on each ₱ 5,000.00 or fractional part in excess of ₱ 5,000.00
Computation Gold

Charges applied for designer bags, luxury watches, gadgets and other item categories:

  • Interest of 4.99% or ₱ 500.00 whichever is higher
  • Service charge of 1% of principal loan but shall not exceed ₱ 5.00
  • Documentary stamp tax of ₱ 40.00 for loan amount up to ₱ 5,000.00, additional ₱ 20.00 on each ₱ 5,000.00 or fractional part in excess of ₱ 5,000.00
Computation Gold

New Loan Term Policy

  • Effective March 15, 2022, Pawnhero Pawnshop Philippines, Inc ("PawnHero") shall have a maximum 3-month initial loan term for all new loans secured by personal property except for electronic gadgets;
  • Maximum of 1-month loan term and no renewal shall still apply for electronic gadgets.

New Renewal Policy

  • Effective Feb. 15, 2022, Pawnhero Pawnshop Philippines, Inc. (“PawnHero”) shall allow a limit of three (3) renewal applications (with the exception of the provision on #3) for all new loans secured by personal property other than electronic gadgets.
  • One (1) loan renewal application shall be equivalent to 1 month loan renewal.
  • Even though the loan renewal limit has not been reached, loan renewal applications shall be declined if the cumulative number of loan renewal applications exceed 3 months. Refer to “Illustration 4” for a sample.
  • Loan renewal shall remain unavailable for electronic gadgets.
  • The three-renewal limit policy shall not apply to existing loans made prior to Feb. 15, 2022.
  • PawnHero shall issue a new pawn ticket indicating the new term of the loan agreed upon by PawnHero and pawner relating to the renewal.

See sample below.

How to Pawn

How to #PawnSafelyAtHome (Web and App)

  • Click Pawn Now to pawn your valued item and create your pawn ticket.
  • Fill out the required details of your online pawn ticket then book your item pick-up schedule. Our certified in-house courier (Pawntrooper) will be at your specified address to pick up your collateral. Enjoy loan approval within 1 DAY only after your collateral has been picked up and appraised!
  • Once you’ve accepted our final loan offer, you may opt to cash out via bank transfer or any InstaPay and PESONet partner banks and electronic money issuers. Fast and secure!

Enjoy convenient online transaction even after you #PawnSafelyAtHome! You may pay redemption of pawned items online and submit your proof of payment through the PawnHero website.

How to Pawn Privately at the PawnHero Pawnshop Lounge - BGC, Taguig

  • Via web or app, click Pawn Now to pawn your valuable item and create your pawn ticket.
  • Fill out the required details of your online pawn ticket then book your walk-in schedule.
  • Once you have arrived at the PawnHero Pawnshop Lounge, you will be assisted by our trusted loan support team throughout your loan application journey and our expert in-house appraisers will determine the valuation of your asset based on the current physical condition of your item and its current value in the market.
  • Once you’ve accepted our final loan offer, you will receive your cash on the spot real time. You may also opt to cash out via bank transfer or any InstaPay and PESONet partner banks and electronic money issuers. Fast and secure!

Enjoy convenient online transactions even after you pawn privately from the PawnHero Lounge! You may pay renewal or redemption of pawned items online and submit your proof of payment through the PawnHero web or app.

Feedback

What our customers are saying:

Requirements

IDs Accepted

On or before the commencement of transaction, pawner must present the original and submit a copy of at least one (1) of the following valid photo-bearing identification document issued by an official authority:

  • Passport
  • Driver’s License
  • Professional Regulation Commission (PRC) ID
  • National Bureau of Investigation (NBI) Clearance
  • Police Clearance
  • Postal ID
  • Voter's ID
  • Barangay Certification
  • Government Service Insurance System (GSIS) e-Card
  • Unified Multi-Purpose ID (UMID) Card
  • Social Security System (SSS) Card
  • Senior Citizen Card
  • Overseas Workers Welfare Administration (OWWA) ID
  • OFW ID
  • Seaman’s Book
  • Alien Certification of Registration/Immigration Certificate of Registration
  • Government Office or GOCC ID
  • Certification from National Council for the Welfare of Disabled Persons(NCWDP)
  • Department of Social Welfare and Development (DSWD) Certification
  • Integrated Bar of the Philippines ID
  • Company ID issued by private entities or institutions registered with or supervised or regulated either by the BSP, SEC or IC
  • PhilID or National ID

For pawners that are juridical persons, the documents below must be submitted as a valid form of identification.

  • For sole proprietor - Certificates of Registration issued by the Department of Trade and Industry (DTI)
  • For corporation/partnership -
    • Certificate of Incorporation/Partnership issued by the Securities and Exchange Commission (SEC);
    • Articles of Incorporation/Partnership;
    • Registration Data Sheet/Latest General Information Sheet; and
    • Secretary’s Certificate citing the pertinent portion of the Board or Partners’ Resolution authorizing the signatory to sign on behalf of the entity
  • For business supervised by the Bangko Sentral ng Pilipinas (BSP) - Certificate of Authority
  • For business covered by the Anti-Money Laundering Council (AMLC) - Certificate of Registration
  • For entities registered outside of the Philippines - similar documents and/or information duly authenticated by a senior officer of the covered person assigned in the country of registration; in the absence of said officer, the documents shall be authenticated by the Philippine Consulate, company register or notary public, where said entities are registered.

Additional Requirements

For some instances, pawners are required to submit the following documents and information:

For Natural Person

  • Utility bills, bank or credit card statement, or other documents showing the permanent address;
  • Document/s supporting the source of fund and wealth, and the nature of occupation and/or business (e.g., Income Tax Return, Certificate of Employment with Salary Details, Registration Data Sheet, General Information Sheet, Articles of Incorporation, Articles of Partnership);
  • List of companies where pawner is a stockholder, director, officer, or authorized signatory; and
  • Reason/s for pawning

For Juridical Person

  • Utility bills, bank or credit card statement, other documents showing the business address;
  • Supporting information on source of funds, and nature of business(e.g., Income Tax Return, Audited Financial Statement, Bank References);
  • Details of the name, present address, nationality, date of birth, nature of work, contact number and source of funds of the primary officers, the stockholders and the directors;
  • Valid ID of primary officers, stockholders and directors; and
  • Reason/s for pawning

Renewals, Redemptions, and Payments

How to Renew

With the convenient technology of PawnHero, you may now request to renew your loan anywhere online using the PawnHero website. No need to go out and visit the PawnHero Pawnshop lounge in BGC. Manage your pawn ticket through this link: https://pawnhero.ph/guest

You may pay renewal of pawned items online and submit your proof of payment through this link: https://pawnhero.ph/manage/confirm_loan_payment

How to Redeem

Just like how you can renew online, with the convenient technology of PawnHero, you may now request to redeem anywhere online using the PawnHero website. You may choose to have your item delivered right at your specified location (subject to PawnHero area of service coverage) or visit the PawnHero Pawnshop lounge in BGC. Manage your pawn ticket through this link: https://pawnhero.ph/guest

You may pay redemption of pawned items online and submit your proof of payment through this link: https://pawnhero.ph/manage/confirm_loan_payment

Payment Methods for Loan Renewal and Redemption

You may pay via these payment methods:

  • Over-the-Counter
  • Cash Payment
  • Online Bank Payment
  • 7-Eleven (7-CONNECT Service)
  • Coins.ph

*Transaction and service fees may apply.

Frequently Asked Questions (FAQs)

How do I apply for a PawnHero loan?

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1. Go to wwww.pawnhero.ph/pawn or simply click here to pawn your valued item and create your pawn ticket.

2. Fill out the required details of your online pawn ticket then book your item pick-up schedule. Our certified in-house courier (Pawntrooper) will be at your specified address to pick up your collateral. Enjoy loan approval within 1 DAY only after your collateral has been picked up and appraised!

3. Once you’ve accepted our final loan offer, you may opt to cash out via bank transfer or any InstaPay and PESONet partner banks and electronic money issuers. Fast and secure!

What are your interest rates and other charges?

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PawnHero Pawnshop offers flexible loan terms and interest packages depending on the item category used as collateral for a loan.

Charges applied for gold and jewelry:

1. Interest of 3.5% for gold and jewelry or ₱ 500.00 whichever is higher
2. Service charge of 1% of principal loan but shall not exceed ₱ 5.00
3. Documentary stamp tax of ₱ 40.00 for loan amount up to ₱ 5,000.00, additional ₱ 20.00 on each ₱ 5,000.00 or fractional part in excess of ₱ 5,000.00

Charges applied for designer bags, luxury watches, gadgets and other item categories:

1. Interest of 4.99% or ₱ 500.00 whichever is higher
2. Service charge of 1% of principal loan but shall not exceed ₱ 5.00
3. Documentary stamp tax of ₱ 40.00 for loan amount up to ₱ 5,000.00, additional ₱ 20.00 on each ₱ 5,000.00 or fractional part in excess of ₱ 5,000.00Sample Computation: Gold and JewelrySample Computation: Bags, Watches, Gadgets, Smartphones, and Others

What items can I pawn?

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PawnHero accepts a wide range of items as collateral. For a full list of what we accept, visit the Items We Accept Page.

How will I get my money?

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Once you have accepted our final loan offer, you will receive your money in a few hours through online bank transfer via InstaPay.

How will you get my item?

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Once you have selected your item pick-up schedule after creating your pawn ticket online, our certified in-house courier (Pawntrooper) will pick up your collateral from your specified address, on your preferred date and time. Safe and convenient!

Are my items safe and insured?

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All PawnHero customers enjoy free insurance coverage provided by our partner Pioneer Insurance Corporation. All items entrusted to us by you are fully covered by insurance. The PawnHero warehouse is 100% safe and secure with 24/7 protection of our security team and advanced security protocols such as CCTVs and emergency alarm systems.

What are the requirements to redeem my item?

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Make sure to fully settle your loan balance and don't forget to bring with you the original copy of your PawnHero ticket and two (2) valid IDs when redeeming your item/s. These are strictly required for us to be able to smoothly process your loan redemption.

How do I redeem my loan?

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Redeem your loan on or before the maturity date to avoid inconvenience. You may pay via these payment methods:

Over-the-Counter
Cash Payment
Online Bank Payment
7-Eleven (7-CONNECT Service)
Coins.ph

* Transaction and service fees may apply.

How do I renew my loan?

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Not ready to redeem your loan? You can opt for a loan renewal! All you have to do is pay your interest amount due in full amount to extend your loan for another month. Payment methods for loan renewal are same with payment methods for Loan Redemption.

Can I extend my loan?

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Yes! If you are not ready to redeem your item yet and pay the full loan amount, you can request for a loan renewal. Just login to your PawnHero account to apply for an extension of your loan or call one of our customer care specialists to help you.

What is the difference between Loan Estimate and Loan Appraisal?

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Loan Estimate - A rough calculation and/or guess of the value of the item you want to pawn. The final loan appraisal/value can only be determined upon personal and thorough inspection of the item.

Loan Appraisal - This is the loan offer you’re entitled to get when you pawn a certain item with PawnHero.

Does PawnHero allow loan renewal?

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With the exception of electronic gadgets, pawners are allowed to apply for loan renewal but are subject to approval.

Moreover, effective Feb. 15, 2022, PawnHero Pawnshop Philippines, Inc. shall allow a limit of three (3) renewals for all new loans secured by personal property other than electronic gadgets. Rest assured that renewed loans under this three-renewal limit shall comply with the applicable laws and regulations. PPPI shall issue a new pawn ticket indicating the new term of the loan agreed upon by PPPI and pawner relating to the renewal.

This three-renewal limit policy shall not apply to existing loans made prior to Feb. 15, 2022.

Loans made prior to Feb. 15, 2022 under the electronic gadgets category shall remain unavailable for loan renewal applications.

For the purpose of counting the number of renewals, 1 month loan renewal is equal to 1 loan renewal application.

For further details, you may refer to the policy on this link: Click here

What loan terms do you offer?

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Effective March 15 2022, PawnHero Pawnshop Philippines, Inc. shall allow pawners up to 3 months loan duration subject to approval. Rest assured that our new policy on loan terms shall comply with the applicable laws and regulations.

This three-month maximum loan duration limit policy shall not apply to existing loans made prior to March 15 2022.

Maximum of 1-month loan term still applies for electronic gadgets.

For further details, you may refer to the policy on this link: Click here

Terms and Conditions

  • Pawner hereby accepts PawnHero’s appraisal as proper.
  • Pawner agrees on the interest rates imposed in this contract of pledge. In case of dispute, the regular courts of law have the vested power to determine the reasonableness and legality of interest rates. PawnHero hereby agrees not to collect advance interest for a period of more than one (1) year.
  • Service charge is equivalent to one percent (1%) of the principal loan, but shall not exceed five pesos (P5.00). No other charges shall be collected.
  • This loan is renewable for such amount and period as may be agreed upon between PawnHero and the pawner subject to the same requirements for a new loan.
  • Upon maturity of this loan, as indicated on the face of this pawn ticket, the pawner has thirty (30) days for gadgets as pawn items or ninety (90) days for other pawn items from maturity date within which to redeem the pawn by paying the principal loan plus the interest that shall have accrued thereon.

Regulatory Issuances

BSP Issuances

Manual of Regulations for Non-Bank Financial Institutions, and Issuances of the Bangko Sentral ng Pilipinas and Other Government Agencies

Manual of Regulations for Non-Bank Financial Institutions (“MORNBFI”) The MORNBFI is designed to be an authoritative codification of regulations governing non-bank financial institutions supervised by the Bangko Sentral ng Pilipinas (“BSP”) such as pawnshops.

MORNBFI (https://www.bsp.gov.ph/Regulations/MORB/2018MORNBFI.pdf)

AMLC Issuances

2018 Implementing Rules and Regulations of Republic Act No. 9160, Otherwise Known as The Anti-Money Laundering Act of 2001, as Amended

Excerpts:

Required Identification Data from Natural Persons

For customers who are natural persons, covered persons* shall gather the following identification information and ID before or during account opening or onboarding:

(a) Identification Information:

  • Full name;
  • Date of birth;
  • Place of birth;
  • Sex;
  • Citizenship or nationality;
  • Address;
  • Contact number or information, if any;
  • Specimen signatures or biometric information;