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How is PawnHero different from Cebuana Lhuillier, M Lhuillier, Tambunting and Palawan Pawnshop?
The pawning process can be time-consuming and a little inconvenient given the effort it takes to travel to a physical pawn shop's branch. What makes PawnHero unique is that we take all of our operations online. This, perhaps, is the biggest difference from traditional pawnshops like Cebuana Lhuillier, M Lhuillier, Tambunting, and Palawan Pawnshop which maintain physical shops across the country.
While the concept of conducting business online is certainly nothing new, the prospect of allowing people access to quick cash loans via the pawning of their items is unique. The main goal, naturally, is convenience. We offer the option to have you item picked up by our professional PawnTrooper couriers.
Beyond the convenience, this lack of a physical branch and its attendant overhead costs and expenses saves PawnHero a lot, and we pass these onto our client. This is the reason that our interest rate is one of the lowest you can at as low as 2.99% depending on the collateral and duration of the loan. We also waive service charges and certainly do away with hidden costs.
While we also accept items that pawnshops like Cebuana Lhuillier, M Lhuillier, Tambunting, and Palawan Pawnshop have traditionally accepted for years, PawnHero expands the scope of items that we accept. This includes many different types of electronic gadgets, appliances, general equipment, and even motorbikes. That's on top of the jewelry and luxury items that you can pawn.