New York pawn loan calculator
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EstimateNew York
$20
maximum charge for the first month
- Total charges
- $20
- To get your item back
- $520
- Monthly rate
- 4.0%
Maximum allowed by state law. A pawn shop can charge less; your pawn ticket shows the real amount.
Pawn shops by city in New York
New York pawn loan rules
| Maximum charge | Up to 4% a month, at least $0.25; a part of a month counts as a month. |
New York City also licenses pawnbrokers.
What a pawn loan costs in New York
| Loan | First month (max) | To redeem after 1 month |
|---|---|---|
| $100 | $4 | $104 |
| $250 | $10 | $260 |
| $500 | $20 | $520 |
| $1,000 | $40 | $1,040 |
| $2,000 | $80 | $2,080 |
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 New York
- 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 Buffalo or Rochester.
- Read how pawn loans work and what happens if you don't pay.
Questions
How much does a $500 pawn loan cost in New York?
At the legal maximum, $20 for the first month, so $520 to get the item back after one month. A $1,000 loan costs up to $40 for the first month. Shops can charge less.
How many pawn shops are listed in New York?
20 pawn shops in 2 cities: Buffalo, Rochester.
Sources
- N.Y.GBL§46; reproducción oficialNYC: nyc.gov