Pawn Loan Shop in the Greater Delmarva Area
When you pawn an item, you receive your payment in the form of a loan. At Peninsula Pawn, our pawn shops in the Greater Delmarva area take pride in offering fair loans to our customers.
Types of Pawn Loans We Provide
- Install (Unsecured): An unsecured installment loan is typically used for large expenses like home improvement projects or vacations. They can also be used for unexpected expenses you have not budgeted for. Unsecured loans are provided under the condition that you will repay them in full. There is no collateral for unsecured loans, but they could have higher interest rates or more stringent repayment plans.
- Install (Secured): Where unsecured loans do not take collateral, a secured installment loan requires the pledging of an asset (i.e. car, property, etc). If the loan borrower does not pay back their loan, the lender assumes ownership of the collateral. There is typically a minimum term of 190 days for a secured installment loan.
- Title Loan: Title loans also require collateral, but they will be in the form of the title to one of your vehicles. The loan is typically made against the value of the vehicle.
- Debit Card Loan: Debit card loans operate similarly to installment loans. You get the loan money fast and you can use them for short-term needs. The loan is secured against a debit card, and you can save more money the faster you pay off the loan.
- Business Loan: A business loan can be used as funding for a business. The nature of the loan will be determined between the loaner and the loanee. Contact us for more information if you are interested in pursuing a business loan.
The Benefits of a Loan
- Fast cash: Many loans can be disbursed quickly, giving you the fast cash you need to cover last-minute or unexpected expenses.
- Lump sum: Loan money is often given in one lump sum, so you don’t have to wait for the full amount to be paid in installments.
- Flexibility: Your loan can be customized to meet your individual needs. We can discuss aspects like collateral and repayment plans to determine the best loan for you.
Why Choose Peninsula Pawn
- Convenient locations: Peninsula Pawn offers four locations in the Greater Delmarva area. Our locations include Seaford, Delmar, Millsboro, DE, as well as Cambridge, MD.
- Great deals: Your items are valuable, and we’ll offer a great deal on your pawn. At Peninsula Pawn, you’ll receive top dollar for your merchandise.
- Fair loans: We work with you to choose the best type of loan for your needs.
- Comprehensive pawn services: Our comprehensive pawn services include car audio equipment, jewelry, electronics, hunting equipment, lawn, and garden equipment, tools, and gold or silver coins.
Contact Peninsula Pawn Today
Are you looking for the best pawn shop in the Greater Delmarva area? Visit us at Peninsula Pawn. Contact us to learn more about pawning your items. We look forward to viewing your merchandise!