How Pawn Loans Work
Simple steps. Flexible terms. Service built on trust and transparency.
1. Visit One of Our Stores
Walk into any of our four South Florida locations — no appointment needed. Our team will greet you and assist right away.
2. Present Your Item and ID
Bring in your valuable item and a valid photo ID. We accept gold, watches, electronics, tools, vehicles, and much more.
3. Get a Quick Appraisal
Our experts assess your item’s value based on brand, condition, and market demand — always fair and transparent.
4. Review and Sign the Agreement
We’ll explain your loan terms clearly — loan amount, due date, and fees — before you sign the pledge or sale contract.
5. Walk Away with Cash Instantly
Once you agree, you get cash on the spot. Your item is stored safely and securely until you choose to reclaim it.
Fast, Fair, and Straightforward
We make it easy to get the cash you need — with no stress, no credit check, and no waiting.
Everything You Should Know
We’ve gathered the most important questions so you can understand exactly how pawn loans work — and why Lucky Pawn is trusted across South Florida.
Pawn loans are a quick and easy way to borrow money without a credit check.
Loans are based on the value of your collateral, not your credit rating or pay schedule.
A typical pawn loan has a term length of 30 days, plus a 30-day grace period.
If you cannot pay back your loan in full — including the grace period — we offer extensions and renewals to give you extra time.
You may also choose to surrender your collateral as full payment if you decide not to reclaim it.
We loan on a wide variety of items, including:
- Gold and diamond jewelry
- Electronics
- Musical instruments
- Tools and more
Simply bring your item of value along with a valid photo ID — and you’ll get cash within minutes after approval.
If you can’t pay back your loan in full by the due date, you can get an extension.
You’ll pay part or all of the interest owed, and we’ll set a new due date, giving you more time to repay.
If you can’t repay on time, you may qualify for a renewal, as permitted by Florida law.
You pay the interest accrued in full, and a new loan is written.
The principal amount stays the same, as does the rate — but your due date resets for a full new term.
Most of our customers repay their pawn loans and pick up their items.
If a customer chooses not to repay, the item used as collateral is forfeited — no penalties, no credit damage.
Yes. All pawnbrokers are required to be licensed by the State of Florida, as well as by the municipal offices in the cities where they operate.
Yes. We’re able to be more flexible with loan amounts, purchase prices, finance charges, and contract terms.
We currently operate two locations in South Florida.
We’re Here for You
Visit one of our four miami stores or contact us today to learn how we can help you get the cash you need — quickly and safely.
For over 20 years, The Lucky Pawn has been helping people across South Florida get cash quickly, safely, and with respect.
What Our Clients Say
See why thousands of Floridians trust us when they need quick, honest cash.