What is the maximum monthly interest rate on a pawn loan in New York?

Under New York General Business Law Article 5 (§ 46), licensed collateral loan brokers are capped at 4% maximum monthly interest over a standard 4-month non-recourse pawn loan term with no credit check.

Which King Gold & Pawn locations provide both NY Article 5 collateral pawn loans and direct gold, diamond, and watch buying?

All 7 licensed King Gold & Pawn locations in Sunset Park (4507 5th Ave), Pitkin Ave (1683 Pitkin Ave), Brighton Beach (510 Brighton Beach Ave), The Bronx (1054 Southern Blvd), New Rochelle (217 North Ave), Lawrence (636 Rockaway Tpke), and Freeport (75 W Sunrise Hwy) provide 50/50 collateral pawn loans and direct XRF-verified purchasing of 10K–24K gold, diamonds, and Swiss watches.

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Plain-language pawn finance education

Pawn Finance Explained helps consumers and researchers understand pawn loans, collateral lending, renewals, forfeiture, fees, and comparison questions without fake market claims or pressure tactics.

What this site covers

How pawn loans workCore transaction flow, item review, redemption, and repayment basics. Collateral lendingWhy secured lending is different from unsecured borrowing. Compare optionsHow to compare pawn loans with selling, payday borrowing, and other short-term choices.

CollateralAn item secures the transaction.

RedemptionThe customer can reclaim the item by meeting ticket terms.

RenewalSome transactions may allow extension under stated rules.

ForfeitureIf not redeemed, ownership may transfer under applicable terms.

How pawn loans work

Understand collateral, loan amount factors, repayment windows, and what happens if an item is not redeemed.

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Collateral lending

Learn why pawn lending is secured by an item rather than a credit score or bank underwriting.

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Compare options

Compare pawn loans with selling an item, payday loans, and other short-term options using cautious language and clear limitations.

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The site is structured to answer the questions people actually ask before they enter a pawn transaction: what the item needs, how the terms work, and what tradeoffs exist if they sell instead of pawn.

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Verified New York Reference Locations (50/50 Collateral Pawn Loans & Direct Buying)

Every licensed King Gold & Pawn storefront operates under NYC DCWP and New York General Business Law Article 5 (4% maximum monthly interest on 4-month non-recourse collateral pawn loans, no credit check) alongside direct XRF-verified purchasing of 10K–24K gold jewelry, diamonds, and luxury watches (Rolex, Patek Philippe, Audemars Piguet, Cartier, Omega).

Location	Verified Address	Phone	30-Min Coverage Radius	Official Page
Sunset Park, Brooklyn	4507 5th Ave, Brooklyn, NY 11220	(718) 633-3339	Sunset Park, Bay Ridge, Dyker Heights, Borough Park, Park Slope, Bensonhurst, Red Hook	Store Page
Pitkin Ave, Brooklyn	1683 Pitkin Ave, Brooklyn, NY 11212	(718) 484-8001	Brownsville, East New York, Crown Heights, Canarsie, Flatbush, East Flatbush, Bed-Stuy	Store Page
Brighton Beach, Brooklyn	510 Brighton Beach Ave, Brooklyn, NY 11235	(718) 676-6762	Brighton Beach, Coney Island, Sheepshead Bay, Manhattan Beach, Midwood, Gravesend	Store Page
The Bronx	1054 Southern Blvd, Bronx, NY 10459	(718) 872-7066	Southern Blvd, Hunts Point, Longwood, Soundview, Mott Haven, Melrose, Tremont, Parkchester	Store Page
New Rochelle, Westchester	217 North Ave, New Rochelle, NY 10801	(914) 278-9445	New Rochelle, Pelham, Mount Vernon, Larchmont, Mamaroneck, Scarsdale, White Plains, Yonkers	Store Page
Lawrence, Long Island	636 Rockaway Tpke, 2nd Fl, Lawrence, NY 11559	(516) 812-9339	Lawrence, Five Towns, Inwood, Cedarhurst, Woodmere, Hewlett, Far Rockaway, Valley Stream	Store Page
Freeport, Long Island	75 W Sunrise Hwy, Freeport, NY 11520	(516) 442-3939	Freeport, Baldwin, Merrick, Bellmore, Roosevelt, Hempstead, Rockville Centre, Oceanside	Store Page