Loans on Watches

Winner! Store of the Year and Employee of the Year, 2018

Cash Shop is proud to announce it has taken top honours at the National Pawnbrokers Association 2018 Annual Awards. Our Nottingham City Centre branch has taken the Best Store of the Year award, and our Area Manager - Mark Sterrett - has won the Employee of the Year award. Considering there are approximately 1058 pawnbroking stores, with over 5700 employees in the UK, this is a fantastic achievement!

Securing a Pawnbroking Loan Against Your Watch

At Cash Shop, we understand the need for access to short-term funds, and our pawnbroking service is quicker and easier than applying for unsecured loans at the bank. Our watch loans are usually secured against high-end brands like Rolex, Tag Heuer, Omega and the like. Our Area Managers expertly value your timepiece, and strive to offer you a loan amount that not only suits your needs, but ensures you’ll be able to redeem your watch by the end of the loan term. To make your loan even more affordable, you can pay back some (or all) of your loan at any time during the 6-month term, thus decreasing the amount of interest you’ll pay. Please note that we take extra time and care assessing your watch, and you may need to leave it with us for a short time prior to securing your loan.

How Much Does it Cost?

At Cash Shop, we have 6 tiers of pricing for our pawnbroking loans. Interest rates are charged monthly, for up to 6 months:

  • Loans up to £999.99 - 9.9% (154.0%APR)

  • £1000.00 - £2499.99 - 8.9% (135.2%APR)

  • £2500.00 - £4999.99 - 7.9% (117.2%APR)

  • £5000.00 - £7499.99 - 6.9% (99.9%APR)

  • £7500.00 - £9999.99 - 5.9% (83.2%APR)

  • £10000.00 and over - 4.9% (67.7%APR)

Our pawnbroking loan calculator will tell you how much it would cost to redeem your item. Simply move the sliders for a loan value and a term length, and the calculator will not only tell you how much it will cost to redeem your item, but also how much you'll save by using Cash Shop, instead of the competition.

Of course, we won't know how much we can lend you until we see your items, but if you have an idea of how much you need to borrow, you'll know how much it will cost to redeem your goods. Please note that the calculator is for illustrative purposes only, and there may be a slight difference between the online calculator and your loan contract.

Pawnbroking Loan Calculator

Loan Amount £
Redeem on day #
Cost to Redeem
At Cash Shop £

Interest per month %
At H&T Pawnbrokers £
Interest per month %
£ better off with Cash Shop

A Secure, Discreet and Affordable Service.

At Cash Shop you can borrow against your valuables for as little as a day, or as long as 6 months. Your items are locked away securely in our vault, and are presented back to you in the exact condition they were left with us. If you would like to learn more about our Pawnbroking service, please watch our video.

Pawnbroking FAQ

Representative Example: Amount of credit is £100.00 for 6 months. Total amount payable in one instalment is £159.40; Total charge for credit: £59.40; Interest rate 118.8%pa (Fixed); Representative %APR: 154.0%

Please note, you are at risk of forfeiting your items if you are unable to repay the loan amount and interest

Repayment Options

Understanding your options

Pawnbroking is intended to be short-term borrowing (maximum term of 6 months).

To ensure you can redeem your pledge on or before expiry, we encourage customers to make repayments throughout the term, to avoid having to produce a lump sum payment which may put a strain on your budget.

Part Pay: During the term of your agreement, any payments made will be allocated appropriately against the loan amount (principal) and interest accrued, depending on how much you pay. This will reduce the amount due and is the best way to ensure that you will be able to redeem your goods. Any part payments made throughout the term will be returned to you should you not redeem your property within the term specified in your agreement.

Redeem: You can choose to reclaim your property at any point within the loan term by paying the full amount borrowed + interest accrued.

Pay Down: We are not obliged to renew pledges at expiry. However, if you do wish to reclaim your property and you cannot do so within the 6-month term, you can repay some of the principal as well as any interest due. You will then be issued a new contract for a further 6-month term. Please see the table below for the minimum repayments:

RenewalRepayment TermsPayment Amount (based on £100 pledge)
1st renewalInterest accrued + 10% of the original loan (principal)Interest due: £59.40; Principal: £10.00
Total payable: £69.40; Loan balance: £90.00
2nd renewalInterest accrued + 20% of the principal outstandingInterest due: £53.46; Principal: £18.00
Total payable: £71.46; Loan balance: £72.00
3rd renewalInterest accrued + 30% of the principal outstandingInterest due: £42.77; Principal: £21.60
Total payable: £64.37; Loan balance: £50.40
4th renewalInterest accrued + 40% of the principal outstandingInterest due: £29.93; Principal: £20.16
Total payable: £50.09; Loan balance: £30.24
5th renewalInterest accrued + 50% of the principal outstandingInterest due: £17.96; Principal: £15.12
Total payable: £33.08; Loan balance: £15.12

This example is for illustration purposes only, and you can choose to reclaim your property at any point within the loan term by paying the balance owing and interest accrued.

Expired Items: Please note that you do not have to reclaim your property at all. The pledged item serves as repayment of the loan amount – no payment is required. While we never wish to sell anyone’s pawned property, allowing the item to expire and go unredeemed is a reasonable option. Sale of the property repays the loan and, in an event, where sale price exceeds loan value + interest and costs of sale you will be paid surplus.

Not redeeming your items will never impact your ability to get further loans; you will never have an outstanding balance owing; and your credit rating will never be affected.

If you need help at any stage, are struggling with your finances, mental health or in any other way, please tell us so that we can try to help.


  • Always try to repay your loan as quickly as you can.
  • Renew a loan only if you are confident that it is in your best interests.
  • Does the benefit and likelihood of getting your property back outweigh the interest to be paid?
  • If borrowing for longer than a normal pledge term, could you get a better deal borrowing from another credit provider like a bank?
  • Allowing your pledge to be sold can be the rational, best option.
  • NEVER borrow from unregulated lenders.

Our staff routinely provide loans on:

Cash Shop - Fast, Friendly and Fair!

At Cash Shop, providing you with excellent customer service is our top priority, whether it is in-store, over the telephone, or online. We pride ourselves on being completely transparent with our pricing and our processes. Our loyal customers have come to trust we have their best interests at heart, and we strive to offer a fast, friendly and fair service each and every time.

To serve you better, in addition to English we have staff who speak: Romanian, Polish, Slovakian, Czech, Lithuanian, Latvian, Russian, Hungarian, Spanish, Hindi, Bengali, Punjabi, Urdu, and Telugu.

Our ‘Vision Statement’ is, “To have the best looking stores, in the best locations, offering the best service at the best prices”, because we want nothing but the best for our customers. To find out more, explore our website or send us a message.

Get A Quote

Want to know what we’re likely to pay for your goods? Upload info and a photo, and our specialists will value it and get back to you.

Send Us A Message

If you have any comments, questions or concerns we’d love to hear from you. Either contact your local Cash Shop directly, or send us a message. Your query will be forwarded to the relevant expert, and we strive to respond as soon as possible!

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Trade Associations

National Pawnbrokers Association

A modern forward thinking Membership Association which helps to promote pawnbroking best practice.

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