Reds Pawn Shop

Collateral Loan Services

If you need $100 to make it through the week to your next paycheck, where are you going to get the money? A bank is not going to touch a small loan like that, and even if it did it would take a week or two to process the application. A pawnshop is a quick, easy way to get a loan.

Get the cash you need, when you need it, without any hassles or cumbersome applications. Pawn loans are easier than you think when you work with a pawnbroker you can trust! At Red’s Pawn Shop, we offer quick renewable loans from as low as 5% per month to meet your short-term cash requirements.

Did You Know? The universal symbol of pawnbroking is the three gold balls and is one of the most easily recognized in the world. The Medici families in Italy along with the Lombards in England were money lenders in Europe. Legend has it that one of the Medicis, under the employment of Emperor Charles the Great, fought a giant and slew him with three sacks of rocks. The three gold balls or globes later became part of their family crest, and ultimately, the sign of pawnbroking.

Loans are based on your needs and on the loan value of personal property you bring in to pledge. While you have your loan, the pledged merchandise in our possession is not for sale, for use, or shown to the public. It is safely and securely stored in our warehouses or vaults, and awaiting your return to redeem it. Your pledge will be sold ONLY if you choose not to repay.

Merchandise pledged can range from a gold band to a bulldozer; however most items pledged consist of fine jewelry, electronics, musical instruments, quality tools, antiques and collectibles, vehicles, and other consumer goods. Pretty much anything that has a value that can be determined and which we can take possession of is a candidate for a pledge on a pawn loan at Red’s.

Loan Procedures:

Bring in your merchandise to pledge.

Tell us how much you would like to borrow.

Our professional appraisers will evaluate the item(s) and discuss its loan value with you.

Our appraiser will explain your loan terms and options.

Present a valid, government issued photo ID.

Sign the required documents and collect your cash.

It’s really that easy at Red’s Pawn Shop!

Loan Terms:

Loans are held for four months and may be extended longer by paying the interest only.

You may pay off your loan with cash or Debit Card.

No obligation to repay. Your pledged items are your only risk.

Loans as little as $10 up to $10,000 or more, determined by your needs and pledge.

Average loan charges are around 15% of the amount borrowed.

Loans may be paid off at anytime without an additional charge.

No limit as to how many loans you can have at any given time.

Pawnbroking is the oldest form of consumer credit!

What makes Red’s the best collateral lender in Michiana?

Customer satisfaction

The highest loans for your jewelry.
Open 6 days a week. For directions & hours see our FAQs page.
Repayment schedules that don't require monthly payments.

We hold your loan for four months.

Did You Know? Pawnbroking is the oldest method of lending money. Evidence of transactions date back to China as early as 2,000 to 3,000 years ago. However, modern pawnbroking became more distinguishable in the Middle Age.

Loan term extended upon payment of interest.

Peace Of Mind

Loan agreements can be catered to your specific needs.
Your collateral is secured in vaults and under constant protection.
The best security systems in the industry.
All interest rates regulated by the State of Indiana.

Confidentiality

No loan applications, financial statements, or credit checks
All information is held in the strictest confidence

Credibility

Close to 30 years of reliability and customer satisfaction.

View the interest rates set by the State of Indiana and discover for yourself that Red’s charges less and holds your merchandise longer than state requirements.

Red’s Pawn Shop…..it’s a very civilized way to borrow money!