United Pawnshop is a family owned and operated pawn shop that has been serving the people of Chicagoland since 1911 and in this location since 1937 and is one of the oldest families in the pawn and gold buying business. We have built our business and reputation on always treating the customer with fairness, integrtity, honesty and respect. WIth over 100 years in the business spanning 4 generations, you can rest assured that you will receive the best offer for your items, and will get the best deal around on any items you purchase.
United Loan Pawnshop specializes in purchasing old and unwanted gold and silver jewelry, offering the most competitive rates in the Chicago area. We offer an impressive selection of merchandise at unbeatable prices. Life can be tough sometimes, and when you need some extra cash, our experienced pawn agents are ready to assist you.
History
Established in 1937.
Our family has a long history in the pawnbroker business. Our great-grandfather obtained the first pawnbroker's license granted by the City of Chicago in 1918, although his shop had been in business since the 1890's. His son, our grandfather, opened United Loan Co Pawnshop here in the same location that we still exist in 1937. We are the fourth generation to run the family business. It is important for us to create a very warm and personable environment for our customers to conduct business. We believe it is important to conduct business with integrity and with great respect for the customer.
Meet the Managers
Dan and Liz (AKA Shelly)
For Google Compliance for Personal Loans & Pawn Shops.
- The is no minimum or maximum term for our pawns. If you receive a pawn from United Loan Co you are allowed to pick up your pawn after two business days as per the Chicago Municipal code OR keep your pawn here as long as you would like. Interest accrues on a monthly basis and must be paid accordingly.
- Pawn transactions are transactions in which you "PAWN" a personal item in exchange for an amount of money for a specific period of time (Our tickets are good for 90 days). Your item(s) serve as a guarantee for the money borrowed. On your due date, you have the option to pay your transaction in full and redeem your item(s) or you may choos to extend the transaction (if applicable) by simply paying the charges/fees due. Another option is to not pay the pawn transaction by the maturity date and simply forfeit the item(s) you presented for pawn.
- Maximum APR on a MLA Pawn is 35% APR.
- The total cost on an MLA Loan will not exceed 35.99% APR even after all applicable fees are applied.
- United Loan Co does not require pawns to be repaid within 60 days of the pawn date.
- Pawn transactions may be prepaid at any time without prepayment penalties.
- For example, a pawn transaction for the value of $100 loan taken out for 90 days would require a repayment of the principle amount plus the finance charges for a total of $109. APR can vary for other pawns based the amount borrowed and according to state guildlines.