INTEREST RATE DISCOUNT FOR SHORT-TERM LOANS
You only pay $1.00 or 1% monthly interest in loan amounts of up to $100.00, and only 2% monthly interest in loan amounts greater than $100.00, if you pawn within 30 days.
DISCOUNTS OF UP TO 80%
The State of California dictates how much can be charged in secured loans. Monte de Piedad ® offers discounts of up to 80%. The State of California allows pawn shops to charge up to $5.00 for the cost of establishing a loan, but Monte de Piedad ® charges only $1.00 for certain loans.
30 DAY GRACE PERIOD
The loan agreement has an initial deadline of four (4) months. Monte de Piedad ® allows you to renew or pawn within the fifth nominal month. You have an additional 30 days after those four months to renew or pawn. Other pawn shops in San Diego only offer you ten (10) additional days, while Monte de Piedad ® offers 30 days.
IF YOU GO ONE DAY OVER YOUR DEADLINE, YOU STILL PAY THE SAME
If you go one day over the established deadline, you pay the same. For example, if you had to pay $5.00 in interest on the 4th of August but come back until 5th of August, you still pay the same $5.00.
LOYALTY PROGRAM- ACCUMULATE POINTS TO PURCHASE ITEMS
You receive points every time you pawn, renew, or sell at Monte de Piedad®. These same points can be turned into money to purchase any items that are for sale. The more you visit us, the more points you receive and the more credit you can obtain.