Singapore offers a diverse array of pawn shops that cater to individuals seeking quick access to cash or looking to buy pre-loved items at bargain prices. These establishments are not just about loans; they often provide a variety of services tailored to meet different needs. Whether you’re pawning your valuables, purchasing preloved luxury goods, or simply curious about their operations, our guide to the 4 best pawn shops in Singapore will help you navigate the options. Pawn shops are a practical choice for those who value convenience, transparency, and versatility in financial services.
- 1. MoneyMax
- 2. Allu Singapore
- 3. Valuemax Pawnshop
- 4. Maxi-Cash
4
Number of companies
1964
Verified reviews
4,95
Average rating
1. MoneyMax
★
★
★
★
★
5,0/5
81 Serangoon Rd, 217986, Singapore
- Pawn shop
- Jewelry store
Why we chose them
MoneyMax Pawnshop – Serangoon stands out as a trusted and innovative pawnbroking service provider with a comprehensive range of offerings tailored to meet diverse customer needs. As one of the largest pawnbroking chains in Singapore and Malaysia, the company specializes in providing instant cash for valuable items such as gold, diamonds, gemstones, and luxury timepieces. Their experienced team of valuers ensures customers receive the best value for their precious belongings. In addition to pawn services, the company features a jewelry retail division offering brand-new gold pieces, pre-owned luxury timepieces, leather bags, and fine jewelry, making it a preferred shopping destination for luxury enthusiasts. Their extended service hours and user-friendly e-SERVICES app further enhance the convenience and accessibility of their offerings.
Beyond pawnbroking, the company provides a diverse range of financial services including car financing solutions and general insurance plans, catering to both individual and business customers. Their innovative Value Now service enables efficient online valuation of gold, diamond jewelry, luxury watches, and bags, adding another layer of convenience for clients. With a commitment to trust, innovation, and customer satisfaction, this company continuously seeks to elevate its service standards. Passionate about delivering excellence, they have established themselves as a reliable name in the industry, offering peace of mind through their services and products. Their presence in our directory reflects their dedication to providing valuable solutions and enhancing customer experiences across various sectors.
2. Allu Singapore
★
★
★
★
★
4,9/5
10 Tampines Central 1, #03-27 Tampines One, 529536, Singapore
- Pawn shop
- Bag shop
- Consignment shop
- Diamond buyer
- Handbags shop
- Jewelry buyer
- Second hand store
Why we chose them
ALLU Singapore (Tampines) specializes in buying pre-owned luxury items, including watches, handbags, jewelry, and precious metals. With a mission centered on sustainability and reuse, the company connects vintage treasures to new owners who value their uniqueness. Their sophisticated Japanese-style luxury buying service ensures a seamless and comfortable experience for sellers. Offering free assessments and competitive prices, they accept items in any condition, from well-worn to broken, and provide instant payouts within hours. Customers appreciate the private and professional atmosphere, reflecting the company’s commitment to excellence and discretion.
Renowned for its exceptional customer service, ALLU Singapore is part of a global network with over 100 locations, rooted in Japan’s culture of hospitality and attention to detail. Their team of knowledgeable “Value Designers” ensures smooth transactions, whether at their store or through home visits. This dedication to customer satisfaction and efficiency has earned the company a reputation as a trusted destination for selling pre-loved luxury goods. By promoting a culture of reuse and renewal, they empower customers to turn their cherished items into new opportunities while supporting a sustainable lifestyle.
3. Valuemax Pawnshop
★
★
★
★
★
5,0/5
309 Choa Chu Kang Ave 4, #01-02, 680309, Singapore
- Pawn shop
- Jewelry store
Why we chose them
ValueMax Pawnshop stands out as Singapore’s leading pawnbroking chain, offering trusted and professional services for over three decades. Known for its expertise in valuation and commitment to reliability, the company has become the go-to choice for pawnbroking, loans, and the retail of jewelry and watches. With a seamless process that typically takes only 10 minutes, customers can quickly access cash by pledging valuables such as gold, diamond jewelry, branded timepieces, and designer bags. Beyond pawnbroking, the company also provides additional financial solutions, including moneylending, property loans, and car financing, catering to individuals and businesses in need of short-term capital or tailored financing options.
In addition to its financial services, the company operates as a reputable jewelry store, offering an impressive selection of new and pre-owned gold and diamond pieces, luxury watches, and branded bags at competitive prices. Pre-owned items are rejuvenated to look like new, ensuring quality and value for customers. With a strong presence across Singapore and Malaysia, the company continues to expand its reach while maintaining its reputation as the People’s Choice for pawnbroking and retail. Its experienced team and convenient locations make it a reliable and professional solution for safeguarding valuables, accessing quick cash, or purchasing high-quality items at attractive prices.
4. Maxi-Cash
★
★
★
★
★
4,9/5
63 Jurong West Central 3, JP2, #01-61/62 Jurong Point, 648331, Singapore
- Pawn shop
Why we chose them
Maxi-Cash, located in the vibrant Jurong Point shopping mall, stands out as a trusted provider of financial services and luxury retail in Singapore. Established in 2008, the company has become synonymous with reliability and transparency in the pawnbroking industry, offering low-interest rates and efficient service. Renowned for its competitive pricing in gold and luxury goods, it provides an extensive collection of 916/999 gold, certified timepieces, preloved designer jewelry, and pre-owned branded bags. Customers can explore these treasures either in-store or online, where Maxi-Cash combines traditional craftsmanship with modern digital conveniences like E-Valuation and iPayment services.
As Singapore’s first public-listed pawnbroker, the company has built a solid reputation by prioritizing quality and authenticity. Every gold item undergoes a rigorous certification process to ensure customer confidence, while transparent evaluations make selling gold a secure and rewarding experience. Beyond pawnbroking, the store offers timeless jewelry and collectible gold pieces that elevate any occasion, alongside a curated selection of preloved luxury goods. With a dedication to innovation and customer satisfaction, the company continues to lead the industry, earning the trust and loyalty of a diverse clientele.
Frequently asked questions
What services do pawn shops in Singapore typically offer?
Pawn shops in Singapore provide secured loans using valuables like gold, watches, and jewelry as collateral. They also buy and sell second-hand luxury goods, offer valuation services, facilitate renewals or redemptions of pawned items, and host auctions for unredeemed items.
How much can I borrow from a pawn shop in Singapore?
Loan amounts depend on the assessed value of the item you are pawning. Typically, you can borrow anywhere from €35 to €35,000 or more, depending on the condition, brand, and market value of the item.
What is the typical interest rate for pawn shop loans in Singapore?
Interest rates at pawn shops in Singapore are highly competitive, usually ranging from 1% to 1.5% per month.
How long do I have to repay the loan and redeem my pawned item?
Most pawn shops in Singapore offer a loan tenure of up to six months. You can redeem your item at any time within this period by repaying the loan amount plus accrued interest. Renewals are also available if you need more time.
How do I choose a reputable pawn shop in Singapore?
Look for pawn shops licensed by the Registry of Pawnbrokers in Singapore. Prioritize those with transparent pricing, fair valuation processes, and good customer reviews. Visiting the shop and assessing their professionalism can also be helpful.
What factors affect the valuation of my item at a pawn shop?
The valuation depends on the type of item (e.g., gold, watches, luxury bags), its condition, current market demand, brand reputation, and authenticity. Items with original packaging, certificates, or receipts may receive higher valuations.
Can I buy second-hand items from a pawn shop in Singapore?
Yes, many pawn shops in Singapore sell preloved luxury goods like handbags, watches, electronics, and collectibles. These items are often available at prices below retail value.
What happens to unredeemed items in pawn shops?
Unredeemed items are typically sold at auction to recover the loan amount. These auctions provide an opportunity for buyers to purchase valuable goods at competitive prices.
