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