Information from your neighborhood pawnbroker
March 17, 2025 | Fun Fact
Did Queen Isabella pawn her jewels to finance Columbus expedition?
Contiune Reading
February 21, 2025 | About Pawnshops
Pawnshops serve several important functions in society
Contiune Reading
January 27, 2025 | About Pawnshops
The 4 C's of Diamonds: A Guide to Smart Shopping
When it comes to purchasing diamonds, whether as an investment, a gift, or just for yourself, understanding the 4 C's - Cut, Color, Clarity, and Carat weight - is crucial.
Contiune Reading
January 24, 2025 | About Pawnshops
Pawn vs. Sell: What's the Best Option? Quick cash for your items
When you find yourself in need of quick cash, a pawn shop can be a valuable resource.
Contiune Reading
January 21, 2025 | Economy Insights
Cash For Gold
Before we look at what could happen, let's do a quick recap on how gold performed in the last 12 months.
Contiune Reading
January 21, 2025 | About Pawnshops
All About Pawnshops
There are a lot of questions surrounding the pawn industry. At United Loan Pawnshop, we aim to serve our local community by providing complete transparency and knowledge so that each customer that walks through our doors can make a well-informed decision regarding their valuables.
Contiune Reading
February 21, 2025 | About Pawnshops
Pawnshops serve several important functions in society
Contiune Reading
January 27, 2025 | About Pawnshops
The 4 C's of Diamonds: A Guide to Smart Shopping
When it comes to purchasing diamonds, whether as an investment, a gift, or just for yourself, understanding the 4 C's - Cut, Color, Clarity, and Carat weight - is crucial.
Contiune Reading
January 24, 2025 | About Pawnshops
Pawn vs. Sell: What's the Best Option? Quick cash for your items
When you find yourself in need of quick cash, a pawn shop can be a valuable resource.
Contiune Reading
January 21, 2025 | About Pawnshops
All About Pawnshops
There are a lot of questions surrounding the pawn industry. At United Loan Pawnshop, we aim to serve our local community by providing complete transparency and knowledge so that each customer that walks through our doors can make a well-informed decision regarding their valuables.
Contiune Reading
January 21, 2025 | Economy Insights
Cash For Gold
Before we look at what could happen, let's do a quick recap on how gold performed in the last 12 months.
Contiune Reading
March 17, 2025 | Fun Fact
Did Queen Isabella pawn her jewels to finance Columbus expedition?
Contiune Reading
For Google Compliance for Personal Loans & Pawn Shops.
- The is no minimum or maximum term for our pawns. If you receive a pawn from United Loan Co you are allowed to pick up your pawn after two business days as per the Chicago Municipal code OR keep your pawn here as long as you would like. Interest accrues on a monthly basis and must be paid accordingly.
- Pawn transactions are transactions in which you "PAWN" a personal item in exchange for an amount of money for a specific period of time (Our tickets are good for 90 days). Your item(s) serve as a guarantee for the money borrowed. On your due date, you have the option to pay your transaction in full and redeem your item(s) or you may choos to extend the transaction (if applicable) by simply paying the charges/fees due. Another option is to not pay the pawn transaction by the maturity date and simply forfeit the item(s) you presented for pawn.
- Maximum APR on a MLA Pawn is 35% APR.
- The total cost on an MLA Loan will not exceed 35.99% APR even after all applicable fees are applied.
- United Loan Co does not require pawns to be repaid within 60 days of the pawn date.
- Pawn transactions may be prepaid at any time without prepayment penalties.
- For example, a pawn transaction for the value of $100 loan taken out for 90 days would require a repayment of the principle amount plus the finance charges for a total of $109. APR can vary for other pawns based the amount borrowed and according to state guildlines.