Montana pawn loan calculator
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EstimateMontana
$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 Montana
Montana pawn loan rules
| Maximum charge | Up to 25% per 30 days, all charges included. |
| Renewals | 30-day extensions at up to 25%. |
What a pawn loan costs in Montana
| 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 Montana
- 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 Billings.
- Read how pawn loans work and what happens if you don't pay.
Questions
How much does a $500 pawn loan cost in Montana?
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 many pawn shops are listed in Montana?
9 pawn shops in 1 city: Billings.
Sources
- MCA31-1-401: mca.legmt.gov