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The basic rule is that if it is not illegal, and we dont have to feed it or water it, we can likely give a loan on it. How do I actually get the loan. Okay, so in the example we are using the client came in with a nice Fender acoustic guitar and a case, both in excellent condition. The pawnbroker will take the guitar and have a good look at it, and if he can, play it for tone and action.
Then, we do some on-line research on the value and availability of the instrument. Based on that assessment the pawnbroker will offer a cash loans leeds. In this case lets say the loan is for 200. The loan will be personal loans under 5000 to the client in cash once the client agrees to the loan and completes some paper work.
In order to get a loan the client needs to show 2 forms of picture ID and agree to the terms of the loan. A pawn loan is for 30-days at the cost of 30 per hundred dollars borrowed (5 interest plus 25 storage fee).