DISCLOSURE STATEMENT – Pawn loans are available to anyone 18+ with a government issue photo-ID (No credit or employment checks are required).
Pawn loans are on a 60 day term. Your loan is meant to be paid back in full within this time frame.
General Items Pawn Loans
Charges include 3% interest plus 17% for storage and administration, per 30 days of used time.
(Example: A $100.00 loan would cost $120.00 if redeemed within the first 30 days, or $140.00 during the next 30 days.)
Loan amount offered is dependent on the collateral and can range from $10.00 to $999.
Pawns are, at minimum, $5.00 per 30-days. Heavy and/or large pawned items are subject to minimum $15.00 per 30-days.
Jewellery Pawn Loans:
Jewellery loans under $500 are 3% interest, plus 12% for storage and administration, .
Jewellery loans $500-$999 are 3% interest, plus 7% for storage and administration.
Jewellery loans $1000 and greater are 2.65% interest + $2.35 administration and insurance fees per $100 increment of the principal value*
Loan amount offered is dependent on the collateral and can range from $10.00 to $10,000.00.
Pawns are, at minimum, $5.00 per 30 days.
If the pawn has lapsed and no payment has been made on the current term, the pawned items become property of Common Exchange Chilliwack.
A grace period of 7 days is offered as a courtesy, during which Common Exchange will not dispose of your items. Use of this period is an additional fee equal to your pawn’s 30-day charge.
For more details please see a Common Exchange Chilliwack Ltd. Representative.