Personal Finance
Pawnbroker Lending is on the Rise, Should You Really Consider a Pawnshop Loan?
By ValueChampion  •  August 8, 2019

Get the Best Personal Loans in Singapore

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People borrow money for a number of reasons. For example, loans are helpful for financing the purchase of homes or cars, but also for large unexpected expenses such as medical procedures, honeymoons or even to repay other debt. Similarly, people can choose a wide range of borrowing options.While the total amount of pawnshop loans is down from its peak in 2012, there has been a steady rise in the amount lent by pawnbrokers in the past 5 years. This raises the question: are pawnshop loans really a good borrowing option for consumers?

Cost Comparison: Expensive Borrowing Option

Pawnshops tend to

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By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
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