Pawn loan - Information
Everything you need to know to understand our concept
What is a pawn loan?
A pawn loan is just a loan against collateral. The bank does it in houses, we do it in objects.
When you pledge an item, you are actually pledging the item as collateral for a short-term loan. We offer you a certain amount (based on the value of the item) under the agreement that you repay the money within a certain time frame. We keep your item in a safe place for the duration of the loan. Once you have repaid all amounts owed (plus interest) within the agreed time frame, you will receive your item back. If you do not repay the loan, we can sell the item to recover any losses.
How does a pawn loan work? - What does it cost and how?
To get a pawn loan you need to send pictures of your item to us, within a few hours you will receive a loan offer.
If you find the offer attractive, you accept and make a submission agreement. You then go to one of PANTSAT.DK’s physical stores in Copenhagen or Aarhus, where you sign a contract and hand in the valuables for security. It is then stored in one of their secured stores.
You get paid the money right away – sometimes the authenticity of the item has to be verified first, for example with designer bags or expensive watches, and then the money is paid out shortly after.
You can see our interest rate table here and calculate what it costs to have a pawn loan. An example is if you borrow 5,000 kroner it costs 225 kroner a month until you repurchase your item again.
A mortgage loan is super easy to maintain and you can always extend your contract by paying the cost of an extra month. If you borrow money from us, you can always choose to repurchase your valuables at any time during your contract and you only pay for the number of days you have had the loan.
There is thus no binding period or termination fee. This creates great flexibility for customers and there are no hidden fees.
What items can you pawn?
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Art
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Bikes
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Cars and Motorbikes
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Electronic
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Furniture, Lamps And Other Interior
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Jewelry
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Vintage cars
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Wine, Champagne And Spirits
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Other items
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Watches
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Designer bags
Art
Do you have a painting or lithograph hanging on your wall that you don’t need right now? Or maybe you have a valuable sculpture or Chinese vase that you would like to do for a period of time instead of raising money to fund other things? Then you can sell your artwork to us, receive a cash payment, and buy the artwork back again at a later date.
You can sell a wide range of original artwork such as paintings, lithographs, sculptures and photographs to us. It can be, for example, a painting by Hornsleth, Olaf Storø, Michael Kvium, Hans Scherfig, P. S. Krøyer, Per Kirkeby or Christen Kjøkes.
Click here to read more about the process of borrowing money by selling your artwork to us and repurchasing it at a later date.
Bikes
Do you have a valuable bike that you won’t need for the next while? Then you can advantageously sell it to us and buy it back when you need it.
You can sell a wide range of bikes to us. For example, it can be a racing bike, a mountain bike, a Christiania cargo bike or an electric bike. You can either hand in custom built bikes, or bikes of well-known brands such as Bianchi, Cannondale, Cervelo, Giant, Pinarello, S-Works, Specialized, Trek and Willer.
Click here to read more about the process of borrowing money by selling your bike to us and repurchasing it at a later date.
Cars and Motorbikes
If you can do without your motorcycle or your car for a while, we can offer you a payment with security in the vehicle. In practice, you sell your vehicle to us, after which we safely store it for an agreed period until you buy it back.
We accept a wide range of brands. For motorcycles, for example, it could be a Harley Davidson, Honda, Kawasaki, Yamaha, BMW, Ducati, Triumph and many others. For cars, most brands also have an interest. For example, it could be a BMW, Mercedes, Audi, VW, Renault, Nissan, Toyota, Ford and many others.
In principle, we accept all vehicles as long as they are of sufficient value and there are no existing liabilities in the car (eg from a car loan).
Click here to read more about the process of borrowing money by selling your motorcycle or car to us and repurchasing it at a later date.
Electronic
Do you have more electronics than you need? It can be a camera, a pair of B&O speakers or headsets, an iPhone, a Samsung Galaxy or a MacBook. While some electronics are rapidly declining in value, however, some brands and products hold their value relatively well and can be very valuable at the same time.
Do you have an electronics product from Apple, Bang & Olufsen, Bose, Leica, Nikon, Samsung or Sonos, for example, and would you like to exchange it for a cash payment for a shorter period? Then you can sell it to us and buy it back at a later date.
Click here to read more about the process of borrowing money by selling your electronics to us and repurchasing it at a later date point in time.
Furniture, Lamps And Other Interior
Denmark is known throughout the world for our design, style and architecture. Over time, Danish designers have designed furniture, lamps and other interiors that have become a permanent part of Danish homes. Do you have a design classic yourself that you might not get used to much? Then you can sell it to us for cash and buy it back at a later date when you need it again.
It could be, for example, a chair designed by Børge Mogensen or Hans J. Wegner, or perhaps a Poul Henningsen lamp. Other obvious designers and design houses could be Arne Jacobsen, Kaj Bojesen, Louis Poulsen, Mogens Koch, Royal Copenhagen and Vipp. We accept most design interiors, whether Danish or foreign designers are behind.
Click here to read more about the process of borrowing money by selling your design interior to us and repurchase it at a later date.
Jewelry
Do you have valuable jewelry lying in the drawer that you are not currently using and would you like to exchange it for money for a shorter period? Then you can sell the jewelry to us and buy it back at a later date.
For example, it could be a pair of gold, silver or platinum earrings from a well-known designer such as BVLGari, Cartier, Georg Jensen, Pandora or Tiffany Co. It can also be a custom-made ring with diamonds or other precious gems in it.
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Click here to read more about the process of borrowing money by selling your jewelry to us and repurchasing them at a later date point in time. You can also always get a non-binding assessment of your jewelry
Vintage cars
If you have a vintage car, you can hand it over to us and get a cash payment. Veteran cars have become popular and widely used in Denmark. If you have a standing yourself, you can use it as collateral for a payment from us. You take advantage of the free value of your vintage car, which is equivalent to getting a home loan – here it is just your vintage car, we take security and not your home.
When you hand in your veteran car to us, the veteran car retains its license plates as these can also be special and important to you (the car will not be registered). We place the car in an indoor secured garage with alarm and surveillance – so it is in good hands while being mortgaged.
We accept a wide range of brands. For example, it could be Triumph, Mercedes, Porsche, MG, Jaguar, Austin and many others. As a starting point, we accept all vehicles as long as they are of sufficiently high value and there is no declared debt in the vehicle.
Wine, Champagne And Spirits
Do you have a good stock of wine, champagne and / or spirits? Maybe so big that you don’t get to drink it all, or maybe you shouldn’t drink it the next while? Then you can hand in your bottles to get a cash payment that you can use exactly as you wish. When you get thirsty again, you just buy the bottles back.
You are welcome to sell individual bottles of high value or a collection of flakes that together make up a significant value. For example, it could be 24 bottles of expensive red wine or three magnus champagne bottles.
Click here to read more about the process of borrowing money by selling your wine, champagne or liquor bottles to us and repurchasing them at a later date.
Other items
Do you have a valuables that do not fall into one of the categories mentioned? So contact us by chat, phone or email – we can together try to find a solution.
For example, it can be valuable items such as musical instruments, expensive porcelain, silverware, coins, or something else entirely.
Watches
Have you purchased or maybe inherited a valuable watch but need cash now? Then you can sell the watch to us and buy it back at a later date. We accept a wide range of watches: from fashion and style watches like Tissot and Montblanc to luxury watches like Rolex, Omega and Breitling.
In addition to watches from well-known brands such as Cartier, Hublot, IWC, Montblanc, TAG Heuer, Audemars Piguet and Patek Philippe, you also have the opportunity to sell custom-made watches and unique ones for us – for example, it can be an inherited pocket watch of precious precious metal.
Click here to read more about the process of borrowing money by selling your watch to us and repurchasing it at a later date.
Designer bags
The designer bag is a must have accessory for the stylish outfit. Many people even have several different designer bags to always have one that fits the occasion. Now you may have reached a point where you have a bag in excess and would rather have more money between your hands for a period of time. Then you can sell the bag to us and buy it back when you later want to go with it again.
You can sell valuable designer bags from brands such as Louis Vuitton, Chanel, Hermes, Alexander Wang, Bally, Burberry, Christian Dior, Coach, Mulberry, Prada and Versace to us.
Click here to read more about the process of borrowing money by selling your designer bag to us and repurchasing it at a later date.
What are the benefits of a pawn loan?
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- It’s easy to get a loan: Because a pawn loan is based solely on the value of your item and not your income, expenses or credit history, all get a loan from PANTSAT.DK. Even if you are in RKI.
- Get the money right away: Getting a mortgage loan is quick and easy, most often you get the money in hand right away.
- You only pay per day: You can buy your item back at any time, you are not bound for a certain period of time, and you only pay for the days you borrowed the money.
- You can never owe money: If you do not repurchase your item, you will not be able to owe money afterwards. You will not be indebted.
- You can borrow large amounts: Because there is security in valuables, you can usually borrow very large amounts. At PANTSAT.DK you can borrow several million kroner.
- Discretion: When you go to PANTSAT.DK it is done with complete discretion. They offer to pick up items from customers with especially valuable items, or close the store if you wish. Of course, they also store all your information securely and confidentially.
What happens if you do not repurchase your item?
If you do not repay or extend the loan at the agreed time, your repayment right will lapse.
However, we always prefer that you get your item back, so if you want a reprieve or need some more time, please contact us.
You will not be charged any additional costs and you owe us no money. We thus send you neither for debt collection nor for RKI. Thus, you should not be afraid if you cannot, in anticipation, buy back your valuables.
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