Pawn Loans in Massachusetts at 3% Per Month*
★★★★★ 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.
Massachusetts pawn loans are governed by state law, and the rules protect the borrower: the shop must be licensed, the loan terms go on a written ticket, and the item is held as collateral — never sold out from under you during the loan term. At LBC Pawn Cash 4 Gold 3% Loans* in Boston, our rate is 3% per month interest plus a one-time 8% charge in the first month only, and we print the full cost of a loan on this page and on every ticket.*
People come to us from all over the Commonwealth — Boston, Cambridge, Somerville, Quincy, Newton, and the North Shore — because the deal is simple and the math is public. Borrow $100 and repay $111 after one month, $114 after two, $117 after three, $120 after four. No credit check, no income verification, no effect on your credit if life gets in the way: the item is the loan.
Gold, coins, fine watches, and diamond jewelry support the largest loans. Designer bags, electronics, instruments, and collectibles qualify too. Loans run up to four months and may be renewed by paying the interest due. Text a photo of your item to 857-867-6468 from anywhere in Massachusetts and we will give you a ballpark before you drive in.
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. 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.