King Gold and Pawn shop at 4507 5th Ave in Brooklyn, NY. Pawn shop store front with a blue awning and large windows.

5th Avenue

NYC DCA SHD License #1405317
NYC DCA Pawn License #1405319

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King Gold and Pawn shop at 510 Brighton Beach Ave in Brooklyn, NY. Pawn shop store front with large windows and a blue sign.

Brighton Beach Ave

NYC DCA SHD License #1328214
NYC DCA Pawn License #1403747

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King Gold & Pawn shop at 1683 Pitkin Ave in Brooklyn, NY. Shop front with a green awning and business sign in gold letters.

Pitkin Ave

NYC DCA SHD License #1463489
NYC DCA Pawn License #1463487

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King Gold and Pawn shop at 1054 Southern Blvd in the Bronx, NY. Pawn shop store front with a red awning and business signs.

The Bronx

NYC DCA SHD License #1447921
NYC DCA Pawn License #1447924

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King Gold and Pawn shop at 24 W Merrick Rd in Freeport, NY. Brick shop front with large windows and a "cash for gold" sign.

Freeport

SHD License #3515
Pawn License #3516

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How Our Loan
Process Works

  • The minimum period for repayment of an AML loan is 60 days and the maximum period of repayment is 120 days or longer if you renew your AML loan.
  • You are not required to pay back the full loan amount for the first 120 days. If you pick up your loan the same day, you have to pay 1 month of interest (2.5%) for the purpose of securing and storing items in a vault.
  • Loans can be paid-off at any time during the loan term at no extra charge.
  • We will only charge for time in which the loan had a balance outstanding.
  • We do not charge interest on the interest amount added to the loan.
  • The Maximum Annual Percentage Rate (APR) for our AML Loans is 30%.
  • Here is an example of the total cost of an AML loan. If you borrow $100 for 120 days (4 months) at our monthly interest rate of 2.5% you would pay a total of $10 in interest for a total of $110.
  • All items will be returned to the borrower in the exact condition received after the loan balance has been paid in full. We hold the right to sell the collateral if the borrower fails to repay the loan as agreed.