Renewal Policy

  1. Effective Feb. 15, 2022, Pawnhero Pawnshop Philippines, Inc. (“PawnHero”) shall allow a limit of up to three (3) renewal applications (with the exception of the provision on #3) for all new loans secured by personal property other than electronic gadgets.
  2. One (1) loan renewal application shall be equivalent to 1 month loan renewal.
  3. 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.
  4. Loan renewal shall remain unavailable for electronic gadgets.
  5. The three-renewal limit policy shall not apply to existing loans made prior to Feb. 15, 2022.
  6. PawnHero shall issue a new pawn ticket indicating the new term of the loan agreed upon by PawnHero and pawner relating to the renewal.
Last Updated: September 23, 2016

PawnHero Pawnshop offers different interest packages depending on the item category used as collateral for a loan. Charges applied: Interest of 3.5% for gold and jewelry, 4.99% for other types of items or ₱ 500.00 whichever is higher and 20% for Apple devices upon redemption;
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. Please see sample computation here.

PawnHero Pawnshop Philippines, Inc. is regulated by the Bangko Sentral ng Pilipinas with contact number (02) 8708-7807 and email address consumeraffairs@bsp.gov.ph.

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