Costa Mesa · Orange County
Pawn Loan Costs
What a pawn loan costs comes down to a few things you have a say in: how much you borrow and — on loans of $2,500 or more — the collateral and the loan-to-value. Here’s how each one works, and how redeeming and renewing work.
- Licensed CA pawnbroker
- No credit check
- Family-owned since 2007
LowestPawnRates.com is operated by Newport Watch, Jewelry & Loan, a licensed California pawnbroker in Costa Mesa. Rates and terms on this site are our own. It is not a comparison of other lenders.
Before you borrow
What moves the cost
- Amount borrowed
- Charges scale with the principal
- Minimum repayment
- 1 month — redeem anytime
- Loans of $2,500+
- Negotiable: collateral and LTV
- Condition & paperwork
- Worth raising on those loans
Loans under $2,500 follow the California Financial Code schedule. Full terms and a worked example are below.
Ask about a loan
Start with what you need
Tell us what you’d borrow against and the amount you have in mind. We’ll get back to you to talk it through — no obligation, nothing to sign.
15 min
typical visit
4 months
term, see disclosure
4.7★
89+ reviews
Keeping the cost in view
From your first question to getting your item back, and what to keep an eye on at each step.
- 01
Tell us what you have
Use the form, call or text. Mention the item, any box or papers, and the amount you actually need rather than the full amount it might support.
- 02
Bring it in
Visit the Costa Mesa shop with the item, any paperwork and a valid government-issued photo ID. A watch gets its evaluation in-house, from a 40-year veteran watchmaker.
- 03
Ask for the total in dollars
Before the loan is written, ask what it costs to redeem at the end of the 4-month term and on the date you expect to come back.
- 04
Redeem or renew
Redeem at any time and collect your item. Loans are renewable by agreement, so if you need longer, ask what renewing adds first.
Minimum repayment period
1 month
Redeem anytime. The disclosure below has the APR and full terms.
- Redemption
- At any time
- Renewal
- By agreement
- Under $2,500
- CA Financial Code schedule
- $2,500 or more
- Negotiable
Visit the shop
1860 Newport Blvd, Costa Mesa, CA 92627
Mon–Fri 10:00am – 4:30pm
After-hours appointments available
Text us: (714) 679-8591
What you can borrow against
Luxury watches
Bring the box, papers and any service records along with the watch.
Jewelry
Receipts or certificates that came with a piece are worth bringing too.
Gold
Gold jewelry, coins and bullion — bring any receipts you kept.
Other high-value items
Not sure yours qualifies? Call or text before you make the trip.
Loan disclosure
Rates, terms & example
Every loan is written with no credit check and to the same four-month renewable term. Charges depend on the loan amount.
- Minimum repayment period
- 1 month — redeem anytime
- Maximum repayment period
- 4 months, renewable
- Maximum APR
- 33.6% on loans up to $2,499
Small loans ($500 – $2,499): charges follow the California Financial Code schedule for loans under $2,500; the only fee is a $9 loan documentation fee; effective cost is under 3% per month over the full term; maximum APR 33.6%. Representative example: a $2,000 loan for the full 4-month term costs $162.88 in total charges, including the $9 documentation fee. Total to redeem: $2,162.88. APR: 24.43%.
Loans of $2,500 or more are negotiable, depending on the collateral and the loan-to-value. Terms are agreed individually before the loan is written — ask us for your rate.
All loans are written for a 4-month term (the California minimum) and are renewable; you may redeem at any time. CA Pawnbroker License 000003544.
The amount
Borrow what you need, not the maximum
The first cost decision comes before you walk in: how much to ask for. A watch or a piece of jewelry may support a larger loan than the one you need, and it can be tempting to take the full amount while it’s on offer. Charges scale with the principal, though: on the same terms, a larger loan means larger charges.
So work from the actual need — the bill, the deposit or the gap you’re covering — and ask for that figure. Money borrowed as a cushion and never spent still carries charges.
It also helps to know where your figure sits against $2,500. Charges on our loans of $500 – $2,499 follow the California Financial Code schedule for loans under $2,500. On those loans the only fee is a $9 loan documentation fee. At $2,500 or more, the loan is negotiable instead. The two are worked out differently, so if you’re close to the line, ask about the amount you need rather than a round number above it.
Redemption
Redeeming and renewing
Every loan is written for a 4-month term (the California minimum) and is renewable, and the minimum repayment period is 1 month — redeem anytime. For loans of $500 – $2,499: redeem at any time; schedule charges cover the first 90 days.
If the term is ending and you still need the money, loans are renewable by agreement. Renewing buys time, which is sometimes exactly what’s needed. Before you decide, ask what renewing would add to the total to redeem, in dollars.
Look at the cost in dollars, not only as a rate. The representative example in the disclosure on this page does that for one loan: it adds the charges, the $9 documentation fee included, into a total to redeem and sets the APR beside it. Before you sign, ask for the same kind of figure for your own amount and the date you expect to redeem.
Larger loans
What to discuss on a loan of $2,500 or more
A loan of $2,500 or more is negotiable, and what shapes its terms is the collateral and the loan-to-value. Those terms are settled with you before the loan is written, so this is the part of a pawn loan where a little preparation is worth the time. We don’t publish a rate for these loans — ask us for yours.
Loan-to-value is the loan measured against what the item is worth. Asking for less against the same piece means a lower loan-to-value, which is worth raising when terms are discussed. It’s the same habit as borrowing only what you need, applied to a larger loan.
Two things about the item itself are also worth raising:
- Condition
- How the piece has been worn, stored and looked after — and, for a watch, whether it runs as it should.
- Documentation
- The original box, papers, receipts and service records. Bring whatever you have, even if the set isn’t complete.
Common questions
How do your rates compare with other pawn shops?
We don’t compare ourselves with other lenders, and nothing here is a survey of their rates. We can show you our own terms instead: the loan disclosure on this page sets out our terms for loans of $500 – $2,499 with a worked example, and explains that loans of $2,500 or more are negotiable.
Will borrowing less lower my charges?
On the same terms, yes: charges scale with the principal, so less borrowed means less in charges. If your figure is near the $2,500 line, check which side it falls on — loans under $2,500 follow the California Financial Code schedule, and loans of $2,500 or more are negotiable.
Can I redeem before the four months are up?
Yes. Redeem at any time; schedule charges cover the first 90 days (loans of $500 – $2,499). Before you sign, ask what redeeming on the date you have in mind would come to, in dollars.
Are there fees on top of the charges?
For loans of $500 – $2,499 the only fee is a $9 loan documentation fee, and the representative example on this page already includes it. On loans of $2,500 or more, terms are worked out with you before anything is written, so ask for the total to redeem in dollars.
What if I need more than four months?
Every loan is written for a 4-month term and is renewable by agreement, and you can redeem at any point along the way. Ask what renewing would add to the total, in dollars, before you decide.
Can I negotiate the rate?
On loans of $2,500 or more, yes. Collateral and loan-to-value drive those terms, so the item’s condition, its documentation and the size of the loan are all worth discussing. Loans of $500 – $2,499 follow the California Financial Code schedule for loans under $2,500.