For 30 years, Empire Loan has been offering pawn loans for a fraction of what many of our competitors charge. Even though Massachusetts and Rhode Island pawn loans are regulated, there is a difference. Most importantly, that difference can save you money. Here’s how:

• Interest Rate: Empire Loan charges the lowest interest allowed by MA or RI law in every city we operate in. Maximum rates are set by the state and local municipalities, and Empire Loan adheres to that in every store we operate in. How do we know we’re the lowest? We have visited our competitors and found some charging as much as 7% per month. That’s almost double what any Empire Loan location charges.
• Fees: The law allows pawn shops to charge a variety of fees, and many of our competitors charge as much as they can. At Empire Loans 8 locations in Massachusetts and Rhode Island we charge an appraisal fee. We have seen competitors charge origination and closing fees, photo fees ticket processing fees. This can sometimes total more than the loan itself. The worst of these are the late fees. One Empire Loan competitors is charging $35 for a late fee. That’s 5X what Empire Loan charges!
• Educated Customers: Empire Loan believes every customer should understand every part of the transaction: how the process works, how we evaluate your merchandise and valuables, what fees and interest charges are, and what it takes to pay off your loan and get your items back. Empire Loan pawnbrokers review the loan ticket with all new customers and makes s ure to explain everything they need to know. That’s why close to 90% of customers who pawn with Empire Loan get their merchandise back.

If you have ever thought about getting a pawn loan, there is a difference. Feel free to shop around and experience the Empire Loan difference. There is Empire Loan and then there is everybody else.