Pawn Loans at 3% Per Month* for Chelsea
A pawn loan is the simplest cash loan there is: bring something of value, leave with cash, and get your item back when you repay. At LBC Pawn Cash 4 Gold 3% Loans*, Chelsea residents borrow at 3% per month interest plus a one-time 8% charge in the first month only — the full cost is in the table below and printed on your ticket.* No credit check, no income paperwork, no bank account, and nothing reported anywhere.
★★★★★ 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.
About Chelsea
Chelsea packs a whole city into two square miles between the Tobin Bridge and the Chelsea Creek — Broadway, the Market Basket that draws the whole North Shore, and one of the most hardworking immigrant communities in Massachusetts. The Silver Line 3 runs straight from Chelsea into Boston. Chelsea residents know the value of a dollar better than anyone; when they sell gold or jewelry, a shop that weighs it in front of them and explains the number earns the return trip.
Pawn Loans at LBC Pawn — how we work
The math is public because we think it should be. Borrow $100 and you owe $111 after month one, $114 after month two, $117 after month three, and $120 after month four — that is the whole cost, with no appraisal fees, storage fees, or surprise charges added later. Loans run up to four months and may be renewed by paying the interest due, and you can repay early at any time. Compare that honestly with any other short-term borrowing available in Chelsea.
What secures the biggest loans? Gold jewelry, coins, fine watches, and diamond pieces lead the list, followed by designer bags, electronics, instruments, and collectibles. Your item is tagged, recorded, and stored securely for the life of the loan. If a loan is not repaid by the end of its term, the item may be sold as allowed by Massachusetts law — that is the entire downside, and it never touches your credit.
What a loan costs — in plain numbers
| If you borrow | After month 1 | After month 2 | After month 3 | After month 4 |
|---|---|---|---|---|
| $100 | $111 | $114 | $117 | $120 |
That first month includes the one-time 8% charge; after that it is a flat 3% per month. No hidden fees, no surprises — the full cost is printed on your ticket.
*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.
Skip the drive-first guesswork. Text a photo of your item to 857-867-6468 and get a ballpark before you come from Chelsea. Prefer to talk? Call the same number during shop hours.
Questions we hear
- What does a pawn loan actually cost?
- 3% per month interest plus a one-time 8% charge in the first month only. On $100 that is $111 after month 1, $114 after month 2, $117 after month 3, and $120 after month 4 — the full cost is printed on your ticket before you sign.
- Will a pawn loan hurt my credit?
- No. There is no credit check to get one and no reporting if you do not repay. The loan is secured entirely by your item.
- What happens if I cannot repay on time?
- Loans run up to four months and may be renewed by paying the interest due. If a loan reaches the end of its term unpaid, the item may be sold as allowed by Massachusetts law — and that is the end of it, with no debt collectors and no balance owed.
- How fast can I get the money?
- Most loans are completed in a single visit, usually in minutes once the item is evaluated. Bring the item and a valid photo ID; you must be 18 or older.
- Can I pay to renew or pick up my pawn with a card?
- You can extend (renew) your loan with a credit or debit card only through the MobilePawn app — you cannot extend in the store with a card. Pickup day is cash only: redeeming and picking up your item must be paid in cash. Need cash for your pickup? Our in-store ATM charges just $2 per transaction.
- Do you buy Bitcoin or other crypto?
- Yes — we buy Bitcoin and other major cryptocurrencies listed on Coinbase at 90% of market value, with the rate confirmed at the time of your transaction, and cash in hand if you want it. There's also a Bitcoin ATM right here in the shop for buying and selling Bitcoin.
Visit the shop
LBC Pawn Cash 4 Gold 3% Loans*
1107 Commonwealth Avenue, Boston, MA 02215
Hours: Mon–Fri 11:00 AM–6:30 PM · Sat 11:00 AM–4:30 PM · Sun Closed
Call or text: 857-867-6468
From Chelsea: about 20 minutes via the Tobin Bridge (Route 1) and Storrow Drive. Transit: Silver Line 3 and the Chelsea commuter rail station.