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Our Rates
At Ramsdens Premier Pawnbroking we specialise in short-term pawnbroking loans.
We believe in making our charges and Terms and Conditions transparent and easy for you to understand.
We charge interest on a monthly basis, interest is calculated and applied on the amount of your loan at the end of each contract month and if you repay the loan early, interest will be charged to the end of the contract month in which you repay. A contract month means the period commencing on the date of this agreement and each consecutive period of a month thereafter during the term of the agreement.
The interest rate charged depends entirely on the loan amount:
| Loan amount | Interest Rate | APR |
|---|---|---|
 |
||
| £2500+ | 3% | 40.62% |
| £1001- 2499 | 4% | 54.73% |
| £251- 1000 | 6% | 84.62% |
| £0 - 250 | 7.5% | 108.47% |
SHIPPING FEES
Unlike some of our competitors Ramsdens Financial Limited does not charge you any Shipping Fees. We do though charge a minimim interest amount of £15 which is calculated to cover the postage of the jewellery to us and back to you.
WHAT IS AN APR?
An APR (Annual Percentage Rate) is the cost of credit expressed as a yearly rate. A pawnbroking loan is not designed to be a long-term loan, Ramsdens would not recommend taking out a pawnbroking loan over a year. A pawnbroking loan charges interest monthly which means the cost of credit could work out to be cheaper than unauthorised bank fees.
“ Fantastic service. Outstanding value for money. I rely on Ramsdens for paying my bills etc. Since dealing with Ramsdens I have been able to purchase a car and book a holiday. ” Mrs Presley, Newton Aycliffe
