Palawan Pawnshop in the Philippines

Palawan Pawnshop is now considered to be one of the most reliable, fastest-growing and leading pawnshops in the Philippines. Its first branch, owned and operated by spouses Mr. Bobby and Mrs. Angelita Castro formally opened in Puerto Princesa City on August 17, 1985. Originally established as a business offering only pawn brokering, we have expanded […]

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Palawan Pawnshop https://upfinance.com/app/uploads/2020/01/Без-названия-4.jpg
Palawan Pawnshop Buiding, 170 Rizal Avenue, Brgy. Masikap, Puerto Princesa City, 5300
(Globe) 0917-301-3868 / (Sun) 0932-850-8613 / (Smart) 0998-962-1869 / (Landline) (048) 433-4110 TEXT: (Globe) 0917-838-6024 / (Smart) 0919 061 5654,
Interest rate 2.5% - 3.5%
Loan tenure from 1 to 4 months
Approval duration Up to 4 hours
Min. monthly income1

Palawan Pawnshop is now considered to be one of the most reliable, fastest-growing and leading pawnshops in the Philippines. Its first branch, owned and operated by spouses Mr. Bobby and Mrs. Angelita Castro formally opened in Puerto Princesa City on August 17, 1985.

Originally established as a business offering only pawn brokering, we have expanded our services to include money remittance known as Palawan Express Pera Padala. Today, after more than 30 years in the industry, we offer our loyal customers other products and services such as international money remittance, foreign currency exchange, e-loading, bills payment and accident insurance in all our branches in cities, municipalities and remote towns nationwide.

The Palawan Pawnshop Services (PPS) group of companies operates the Palawan Pawnshop and Palawan Express Pera padala chain in the Philippines.

Package 1

Only 2.73% per month! With 1% Advance interest
Rates: 
1 -11 Days 1%     12-22 Days 2%     22-33 Days 3%
Pawn: ONLY accepts gold jewelry items
The service charge: 1% of the principal loan
Payment terms: Up to 4 months
Approval time: 2 – 6 hours

Calculate loan

Package 2

No Advance
Interest Rates: 3,5% per month
Pawn: ONLY accepts gold jewelry items
The service charge: 1% of the principal loan
Payment terms: Up to 4 months
Approval time: 2 – 6 hours

Calculate loan

Package 3

1 Months Advance Interest
Interest Rates: 2,5% per month
Pawn: ONLY accepts gold jewelry items
The service charge: 1% of the principal loan
Payment terms: Up to 4 months
Approval time: 2 – 6 hours

Calculate loan

Package 4

2 Months Advance Interest
Interest Rates: 2% per month
Pawn: ONLY accepts gold jewelry items
The service charge: 1% of the principal loan
Payment terms: Up to 4 months
Approval time: 2 – 6 hours

Calculate loan

 

Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

Product Features

Min. financing amount ₱1000
Max. financing amount Up to ₱50000
Min. loan tenure 1 months
Max. loan tenure 4 months
Interest rate 2.5% - 3.5%
Approval duration Up to 4 hours
Debt consolidation Yes

Example of calculating interest and loan payments

TERM 1 months 2 months 3 months 4 months 4 months
LOAN AMOUNT ₱25000 ₱25000 ₱25000 ₱25000 ₱25000
FEE 2.5% 2.5% 2.5% 2.5% 2.5%
INTEREST AMOUNT ₱52 ₱104 ₱156 ₱208 ₱208
TOTAL REPAYMENT ₱25052 ₱25104 ₱25156 ₱25208 ₱25208

Fees & Charges

One time setup
Processing fee
Stamp duty
Disbursement & misc. fee
Annual fee
Other fees
Penalties
Early settlement
Late payment charges
Other penalties

Eligibility

Age requirement
Employment eligibility
Min. salary requirement ₱ gross per month
Guarantor / Collateral requirement Yes

Other Requirements

Need to open linked banked account? Yes
Other details

FAQ

Bank does not accept household appliances, phones, designer bags as collateral, unlike some pawnshops. Also, bank has interest rates – 3% or 4% p.m., and in Pawnshops, interest rates usually vary from 2% to 4% p.m.

The maximum term is 4 months.

To obtain a Pawn loan, you need a document proving your identity and the jewelry left as a collateral. No other documents are required.

The Pawnshop will sell your jewelry.

Contacts

Full company name Palawan Pawnshop
Address Palawan Pawnshop Buiding, 170 Rizal Avenue, Brgy. Masikap, Puerto Princesa City, 5300
Phone number (Globe) 0917-301-3868 / (Sun) 0932-850-8613 / (Smart) 0998-962-1869 / (Landline) (048) 433-4110 TEXT: (Globe) 0917-838-6024 / (Smart) 0919 061 5654
E-mail
Social networks

User rating

Reviews

1 month ago

Thank you Palawan pawnshop for answering our needs!

The lowest interest in our loan and good attitude towards our employees, our attitude to us is a great trust for us, and I welcome you Palawan pawnshop!