Massachusetts pawn loan calculator
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EstimateMassachusetts
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maximum charge for the first month
- Total charges
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- To get your item back
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- Monthly rate
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Maximum allowed by state law. A pawn shop can charge less; your pawn ticket shows the real amount.
Pawn shops by city in Massachusetts
Massachusetts pawn loan rules
| Maximum charge | Rates are set city by city and approved by the Division of Banks; it has not approved more than 36% APR for loans over $25 (Boston: 3% a month). |
Before you pawn in Massachusetts
- Bring a valid government-issued photo ID.
- 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 Springfield or Lowell.
- Read how pawn loans work and what happens if you don't pay.
Questions
How much can a pawn shop charge in Massachusetts?
Rates are set city by city and approved by the Division of Banks; it has not approved more than 36% APR for loans over $25 (Boston: 3% a month). Ask the shop for the monthly charge in writing and check it on your pawn ticket.
How many pawn shops are listed in Massachusetts?
15 pawn shops in 3 cities: Springfield, Lowell, Boston.
Sources
- M.G.L. c.140 §§70–85; DOB approved municipal rate table: mass.gov