Pawn Loans from 20€

Many items can serve as collateral for a loan, ranging from electronics and tools to jewelry or valuables. For larger items, it is best to call ahead, as storage space might be limited.

Here are some examples of items you can bring to a pawnshop:

Pawnshops can accept other items as well. If you’re unsure whether your item is suitable as collateral or for sale, feel free to ask us: kullake@tartupandimaja.ee, or for faster response: FB messenger, Pandimaja Kullake.

How is the collateral value determined?

– Your phone cost 600€ new.
– After 2 years, the market value of this phone is approximately 240€.
– You can pawn this phone for a loan of about 30-40%, which is 70-100€.
(The value increases with good condition, purchase documents, box, cables—everything that originally came with the item.)

– You can always borrow less than the maximum pawn value, making it easier to repay the loan later!

Pawn Loan Terms

– First loan up to 500€ with 0% interest.
– Interest for the loan period is 20%, min 10€. From 501€, by agreement.
– Contract fee 5€, extension 3€.
– Maximum loan term is 30 days.
– Loan term extensions available if needed.
– The collateral remains in storage at Kullake during the loan period.
– Loan amount up to 60% of the current market value of the collateral.
– After the contract ends, you have 7 days to buy back the collateral ("storage days").
– Storage day fee: 0.5% of the loan amount, min 1€.

NB: Before taking on any obligations, carefully consider your decision and explore alternative options.


Pawn Loan – Loan Secured by Collateral

What are the advantages and disadvantages of a pawn loan?
Here, we explain the pros and cons of pawn loans, the types of items that pawnshops lend money for, and share tips on how to get the maximum value for your item at a pawnshop.

But let’s start from the very beginning – what exactly is a pawn loan?
In simple terms, it is a short-term loan that the pawnshop provides in exchange for an item you pledge as collateral. The item you bring to the pawnshop serves as collateral until you repay the loan and interest and reclaim your item.

If it happens that you cannot or do not wish to repay the loan, the item you pledged remains with the pawnshop. Collateral guarantees all obligations, except in cases where hidden defects, undiscovered at the time of signing the loan agreement, are revealed.

A pawn loan is an alternative to traditional loan products. Taking a loan from a traditional lender, such as a bank, usually requires collateral in the form of official income on your bank account, i.e., liquidity to service the loan both now and in the near future. With unsecured loans, there is a risk of ending up in a public credit default register if you fall behind on payments. Once listed in the default register, it becomes harder (or even impossible) to enter into various agreements in the future, such as leasing or installment contracts.

Kullake pawn loans are a great alternative. When taking a pawn loan from us, the only collateral required is the item you pledge. This means that if, for any reason, you cannot repay the loan, we remain on good terms. Kullake sells the item in a commission shop, and the matter is closed. 

The loan process is simple, transparent, and, most importantly, confidential. When you take a loan from Kullake, you can be sure that your data and collateral are securely stored. Additionally, the interior of the office is designed to create a homely and cozy atmosphere. 

Online Appraisal: I recommend using this option early on. During this process, I will explain the value of the offered collateral and other terms. The same applies to quick sales or commission sales. This process saves time for both parties and clarifies options. Please send me the details of the item, and I will provide an offer.

A pawnshop is much more than just a loan office.

If you do not wish to borrow money but simply want to sell or buy items, a pawnshop can serve as a high-end second-hand shop, a gold and jewelry store, a household appliance and electronics shop, or a tool store. These are the types of goods that a typical pawnshop deals with.

Scrolling down, you will find answers to the most frequently asked questions.

Contact us today and let’s start working together!