Georgia pawn loan calculator
$125
maximum charge for the first month
- Total charges
- $125
- To get your item back
- $625
- Monthly rate
- 25.0%
Maximum allowed by state law. A pawn shop can charge less; your pawn ticket shows the real amount.
Pawn shops by city in Georgia
Georgia pawn loan rules
| Maximum charge | 25% per 30 days for the first 90 days (at least $10), then 12.5% per 30 days (at least $5), interest and fees combined. |
| Loan term | 30 days. |
| Grace period | 10 days for general goods (30 days for vehicle titles); a late charge of up to 12.5% of the principal can apply. |
| ID required | You must be 18; the ticket plus ID is accepted to redeem. |
| Renewals | 30-day renewals by written agreement. |
Georgia figures come from the 2022 official compilation.
What a pawn loan costs in Georgia
| Loan | First month (max) | To redeem after 1 month |
|---|---|---|
| $100 | $25 | $125 |
| $250 | $62.50 | $312.50 |
| $500 | $125 | $625 |
| $1,000 | $250 | $1,250 |
| $2,000 | $500 | $2,500 |
These are ceilings. The charge on your pawn ticket can be lower, and the ticket must show it with the annual percentage rate. To see two or more months, change the months in the calculator above.
Before you pawn in Georgia
- Bring a valid government-issued photo ID.
- Georgia ID rule: You must be 18; the ticket plus ID is accepted to redeem.
- Ask for the total to redeem on the due date and the last day of the grace period.
- Compare at least two shops: see pawn shops in Columbus or Atlanta.
- Read how pawn loans work and what happens if you don't pay.
Questions
How much does a $500 pawn loan cost in Georgia?
At the legal maximum, $125 for the first month, so $625 to get the item back after one month. A $1,000 loan costs up to $250 for the first month. Shops can charge less.
How long does a pawn shop hold my item in Georgia?
Loan term: 30 days. Grace period: 10 days for general goods (30 days for vehicle titles); a late charge of up to 12.5% of the principal can apply.
What ID do I need to pawn in Georgia?
You must be 18; the ticket plus ID is accepted to redeem.
How many pawn shops are listed in Georgia?
43 pawn shops in 3 cities: Columbus, Atlanta, Savannah.
Sources
- O.C.G.A.§44-12-131 y §44-14-403: legis.ga.gov