Your First Pawn Loan Is Free
★★★★★ Rated 4.9 stars from 1,022 Google reviews
Customers across Greater Boston rate LBC Pawn 4.9 out of 5 across 1,022 Google reviews — for fair offers, straight answers, and loan costs printed in plain numbers before anyone signs anything.
New to LBC Pawn? Your first pawn loan is free. First loan free: borrow up to $500 and pay just $505 total at the end of 4 months — after that, standard 3% per month applies. Bring in something of value, walk out with cash, and pay no charges for the first four months. At the end of month 4 you repay $505 total — what you borrowed plus a flat $5 — to get your item back. That $5 is the entire cost of the special.
We run this because we know how it sounds everywhere else: pawn loans have a reputation for fine print and surprise math. Ours is printed in plain numbers — and the first one is on us so you can see for yourself.
How it works
1. Bring in an item. Gold, a watch, a camera, a designer bag, electronics — anything on our loans list. Bring a valid photo ID (you must be 18+).
2. We appraise it on the spot. Your item is tested and valued in front of you, and we offer the most we can lend. Loans and transactions over $2,000 are handled in our private VIP room.
3. Walk out with cash. Your item is tagged, logged and stored securely.
4. Come back and repay. On the first-loan special there are no charges for the first four months — at the end of month 4, repay $505 total (your loan plus $5) to get your item back. Need more time? Past month 4, the standard 3% per month applies on the $505 — ask at the counter.
The straight math, always
On the first-loan special the math is just as plain: borrow up to $500, no charges for four months, $505 total at the end of month 4 — and past month 4, 3% per month on the $505. Our regular loan pricing never hides either: 3% per month interest plus an 8% charge in the first month only. On a regular $100 loan that's $111 after month 1, $114 after month 2, $117 after month 3 and $120 after month 4 — pay off the $20 in charges and the loan can renew. The full cost is printed on your ticket before you sign.
*Regular pawn loans: 3% per month interest plus a one-time 8% charge in the first month only. Example: a $100 loan costs $111 after month 1, $114 after month 2, $117 after month 3 and $120 after month 4. Loans run up to 4 months and may be renewed by paying the interest due. Borrowers must be 18 or older with valid photo ID. Items not redeemed by the end of the loan term may be sold as allowed by Massachusetts law.
Text us a photo of your item at 857-867-6468 for a ballpark, or use the quote form to set up a visit. Walk-ins welcome: 1107 Commonwealth Ave, Boston — Mon–Fri 11–6:30, Sat 11–4:30.
Questions we hear
- How does the first loan free offer work?
- If you have never taken a pawn loan at LBC Pawn, your first one is free. Bring in an item of value and a valid photo ID, take your loan, and pay no charges for the first four months. Borrow up to $500 — at the end of month 4, repay $505 total, the amount you borrowed plus a flat $5, to redeem your item. After month 4, the standard 3% per month applies on the $505.
- Who qualifies for a free first loan?
- New LBC Pawn loan customers — anyone taking their first pawn loan with us. You must be 18 or older with valid photo ID, the same as any pawn loan in Massachusetts.
- What can I pawn for my first loan?
- Anything on our loans list — gold and jewelry, luxury watches, coins, designer bags, cameras and lenses, electronics and more. Bigger loans on bigger items are handled in our private VIP room for loans and transactions over $2,000.
- What happens after my first loan?
- The special runs four months: borrow up to $500 with no charges, then repay $505 total at the end of month 4. Keep the loan past month 4 and the standard 3% per month applies on the $505, month by month. Loans after that are our regular loans — the straightest math in Boston: 3% per month interest plus a one-time 8% charge in the first month only, printed in plain numbers on your ticket before you sign.