Up to 25% per month, thus 300% per year.
In Alabama all costs are bundled into 1 pawnshop charge.
None beyond pawnshop charge
Up to 20% per 30-day period, thus 240% per year.
$5 processing fee
$5 firearm processing fee
Up to 13% per month (first 2 months), & up to 11% per month (after), thus 136% per year.
$5 initial setup fee
up to $5 per month storage fee
$7.50 for lost ticket
$5 firearm processing fee
Any government charge imposed on the pawnbroker can be recovered from the client.
At the time of writing (March 2025), the Arkansas Pawnbroker Act has been repealed, so currently, no direct regulation seems to be in place.
No current information is available.
Up to 3% per month, thus 36% per year.
$7.50 – $90 loan setup fee (depending on the size of the loan)
$3 – $24 (more for very large items) storage fee
$20 firearm processing fee per firearm
$10 for a lost ticket
$5 notice preparation fee
$3 – $2,499.99 additional charges over the lifetime of the loan.
Between 3% per month – 20% per month, depending on the amount and the city in which you are located.
Questionable additional charges (rent, etc.) – no clear guidance
5% per month on loan of $15 or less,
3% per month on a loan of $15-$50,
2% per month on loan of more than $50
The following fees are allowed with no regulation:
Memorandum, transaction, storage, insurance, appraisal
Up to 30% per month, thus 360% per year.
No specific mention of regulation
Up to 2% per 30 days. thus 24% per year.
$5 per month minimum pawn service charge, and
pawnbrokers have the authority to charge any amount for the total pawn service charge, as long as the total amount, including the interest, does not exceed 25% of the amount financed for each 30-day period.
up to 25% per month thus 75% per year (first 3 months), up to 12.5% per month, thus 112.5% per year (after 3 months).
Calculations based on 12-month loan.
$2 lost or destroyed pawn ticket
Any shipping cost + 50% of shipping cost as handling fee.
Up to 20% per month, thus 240% per year.
No specific additional fee regulation was mentioned.
Up to 20% per month, thus 240% per year
No specific additional fee regulation was mentioned.
Total Pawn Charges are tiered:
up to 20% per month, thus 240% annually <$500 loan,
up 16.7% per month, thus 200.4% annually for $500-$1500 loan
up to 12.5% per month, thus 150% annually for $1500-$5000 loan
All pawn loan charges are included in the total pawn charge mentioned above.
Capped at 3% interest per month.
This is scheduled to change after
June 30, 2025
Up to 20% per month allowed
Capped at 5% interest per year, unless another rate is agreed upon in writing.
So, in essence, there is no hard cap.
Any charges agreed upon in writing are allowed.
Capped at 10% per month, thus 120% per annum
No additional charges allowed
Capped at 6% per month, thus 72% per annum
Loan <$20 = $2 service fee allowed
Loan $20 – $50 = $3 service fee allowed
Loan $50 – $100 = $4 service fee allowed
Loan >$100 = $4 service fee for every $100 principal amount allowed
Capped at 10% per month, thus 120% per annum.
Also capped at 10% per month, thus 120% per annum.
Up to 25% per month, thus 300% annually for a loan ≤ $500,
Up to 20% per month, thus 240% annually for a loan > $500
Capped at $2.50
The provided research does not contain specific information regarding the state-regulated interest rates and fees for pawn shops in Maryland.
However, discussions on if and how pawn loans should be incorporated in the Maryland Consumer Loan Law (MCLL) seems to be in progress.
No specific information available
No pawnbroker may lawfully charge an interest rate that has not been approved by the Division of Banks (DOB).
The DOB has not approved rates above 36% for amounts greater than $25.
The allowed loan period is 4 months.
No specific information on additional charges available.
3% per month, thus 36% annually
$3 storage fee per month
3% per month, thus 36% annually
Reasonable storage and service fee
If item is not in in the possession of the pawnbroker, this charge is capped at $20.
Total pawn cost of up to 25% per month, thus 300% annually
Fee charged by a third-party processing company for the use of a debit or credit card.
Up to 2% per month, thus 36% annually
Storage and security costs are allowed and not capped.
Total cost up to 25% per month, thus 300% annually.
No additional charges allowed
Unable to find specific information regarding the state-regulated interest rates for pawn shops in Nebraska.
No regulation information found.
Up to 13% per month, thus 156% annually
$5 Initiation Fee
Storage are allowed, no more than $3 per day for motor vehicles.
The pawnbroker licence board is allowed to regulate the interest rate, but no such regulation could be found.
No specific information found.
4.5% per month, thus 54% annually
Additional charges are permitted. No regulation found.
Up to 10% or $7.50 (whichever is the higest) for the first 30 day period of the loan
4% per month after the initial 30 days
Capped at 175% annually for loans of $5000 or less
Delinquency fee (late fee) of 5% of each installment payment with a maximum of $10
10% or $200 processing fee (whichever is the lowest)
Up to 4% per month, thus 48% annually
The maximum service charge for loans is as
follows:
$4.00 may be charged for loans less than $100.00.
$7.00 may be charged for loans between $101.00 and $500.00.
$10.00 may be charged for loans greater than $500.00.
Up to 2% per month, thus 36% annually
Total amount of these additional monthly fees cannot exceed 20% of the principal amount of the loan, with specific maximums applied over time:
$100 for the first month,
$75 for the second and third months, and
$50 for the fourth month and any subsequent months
No maximum prescibed, but must be agreed upon before the loan starts
No specified regulation
Up to 6% per month, thus 72% annually
$6 storage fee per month
The maximum monthly finance charges are:
20% per month for loans up to $250
15% per month for loans $251–$500
10% per month for loans $501–$1,000
5% per month for loans $1,001–$5,000
3% per month for loans $5,001–$25,000
None Allowed
Up to 3% per month, thus 36% annually
10% set-up fee (min $2 and max $250), per item pawned.
7% storage fee (min of $2 and max $250) per item pawned. F
For firearms:
$5 firearm fee
$10 background check fee
$3 fee to renew a firearm loan
Up to 0.5% per month, thus 6% annually
2.5% per month
$1 reporting cost per annum
Broff’s Dimaond & Loan Co is a jewelry pawn shop in Pittsburgh, Pennsylvania.
Contact them here
5% per month, thus 60% annually for loan <$50 and ≤ 3 months,
2.5% per month, thus 30% annually for loan >$50 and > 3 months
No additional charges permitted
For the first $50:
$2.50 per $10 for every 30 days.
For amounts between $50 and $100:
$2.00 per $10 for every 30 days.
For amounts between $100 and $200:
$1.50 per $10 for every 30 days.
For amounts between $200 and $1,000:
$1.00 per $10 for every 30 days.
For amounts over $1,000 (up to a maximum defined in subsection (C)):
$0.50 per $10 for every 30 days.
No additional charges permitted
No specific regulation found
No specific regulation found
Up to 2% per month, or 24% annually
20% per month
Up to 20% per month, thus 240% annually for a loan ≤ $255
Up to 15% per month, thus 180% annually for a loan > $255 ≤ $1700
Up to 2.5% per month, thus 30% annually for a loan > $1700 ≤ $2550
Up to 1% per month, thus 180% annually for a loan > $2550 ≤ $21250
No additional charges allowed
No specifically pawnbroker regulations found
No specifically pawnbroker regulations found
Up to 5% per month, annually 60% for a loan ≤ $50)
Up to 3% per month, annually 36% for a loans > $50
No mention of additional charges was found
Up to 10% per month for loans $25 or less
Up to7% per month for loans between $25 and $100
Up to 5% per month for loans $100 or more
5% or $3 handling and storage fee, whichever is the lowest
$1 – $3.50 per month for a loan up to $100
Up to 4% per month, thus 48% annually for a loan > $100
$1.50 – $7.50 once off for a loan <$50
15% for a loan $50 – $99.99
13% for a loan $100 – $249.99
10% for a loan $250 – $499.99
8% for a loan $500 – $999.99
7.5% for a loan $1000 – $1499.99
7% for a loan $1500 – $1999.99
6% for a loan >$2000
$5 storage fee per 36 day
$5 additional storage fee for storing a firearm
Pawnbrokers are not state regulated.
They are regulated on a municipal level
No regulation
3% monthly interest, thus 36% annually
No additional charges are permitted
Up to 20% monthly interest, thus 240% annually
$5 finance charge
When it comes to pawn loans, where you decide to take out your loan makes a huge difference in how much you pay.
States vary widely in how they regulate interest rates and fees, meaning some borrowers face steep costs while others get more affordable terms.
Here’s a simple breakdown to illustrate:
Pennsylvania (0.5%), Tennessee (2%), North Carolina (2%), and Missouri (2%).
Minimal or capped fees
6% or less on a loan of $300 for 1 month
Delaware (30%), Mississippi (25%), Montana (25%), Maine (25%), Alabama (25%)
Extra charges like storage, processing, or licencing fees
$75 – $90 in interest & extra fees
It is important to borrow smart in 2025!
When you look at the following key takeaways, it will be clear why.
Borrowing Costs Vary Greatly: A $300 pawn loan in Tennessee costs $6 in interest, while the same loan in Delaware costs $90 – 15x more!
Fees Matter Too: Even states with moderate interest rates may allow extra fees (storage, security, paperwork) that drive up costs.
Some States Keep It Simple: States like Tennessee and Pennsylvania keep fees low, making it easier for borrowers to understand total costs upfront.
Other States Allow High Charges: Places like Delaware and Mississippi permit interest rates of 25-30% per month, making pawn loans extremely expensive.
Before taking a pawn loan, always check your state’s regulations on:
✔ Interest rate limits – How much will you be charged monthly?
✔ Additional fees – Are there storage or processing charges?
✔ Loan terms – What happens if you need more time to repay?
If you live in a high-cost state, consider borrowing from a state with more favorable terms.
Some pawnbrokers in states with low pawn loan interest rates, offer online pawn shop services,
Understanding these differences can save you hundreds of dollars and help you make an informed decision when using a pawn shop loan. Always compare terms before borrowing!
For the most accurate and up-to-date information, check your state’s official pawn shop regulations.
We have made every effort to ensure the accuracy of the information presented here. Extensive research was conducted to verify state-specific regulations at the time of publication. However, laws and policies may change over time. If you have updated or more accurate information regarding pawn shop regulations, we encourage you to share it with us.
Always check your state’s official pawn shop regulations for the most current details.
