Oi Wah Pawn 靄華押業

Move fast, Get cash ahead of the others

Our Group prudently and accurately evaluates clients’ pawned objects and deliver the sums of money reasonably assessed to our clients right away, without delaying clients with the tiresome and time-consuming procedures of form-filling, referrals, criterion assessment and waiting for approval. As long as you provide us with a physical object, we immediately hand you the assessed sum of cash just in one or two minutes, in the blink of an eye.

Items that can be pawned: famous branded watches, gold, platinum, K gold, diamond jewellery, jade, electronic products, etc.

Watch Pawning

Diamond Pawning

Platinum / K-Gold Pawning

Electronics Pawning

Pawning of Ordinary Objects

Steps for Pawning

A client visits our nearest pawnshop and presents his/her pawned object to our shopkeeper.
Our shopkeeper evaluates the Object by reference to the value of the Object if it is brand new, and then assesses the level of “tear and wear” of the Object and its value in a second hand market and finally reaches a pawn value after discounting the “tear and wear” of the Object.
The Client accepts the valuation of the pawned object, then our shopkeeper verifies the client’s identification document.
Issue a pawn receipt to the client, hand over the cash equivalent to the pawn value of the Object to the client.
The client counts the amount of cash at the counter for confirmation- End of transaction!

Steps for Redeeming

The client returns to the pawnshop, presents the pawn receipt to the shopkeeper.
The client pays the principal and the interest for the pawn transaction.
The shopkeeper verifies the amounts and then returns the pawned object to the pawner.

Pawning Period

The expiry date will be the end of the fourth month from the date of the pawn transaction, by reference to the Chinese Lunar calendar. The client may redeem his/her pawned object at any time before the expiry date by settling the principal and interest of the pawn transaction at the relevant pawnshop.
Alternatively, the client may clear the interest first prior to/on the expiry date, and then renew the pawn contract for another four months, so on and so forth.

Lost of Pawn Receipt

A pawn receipt is an important document. The client is reminded to keep it at safe places. Any loss should be immediately reported and registered with our Company.
If the pawned object has not been redeemed prior to the report and register for loss of pawn receipt, the pawner may go through the redeeming process by producing the pawner’s identification document in person.

Calculation of Interest

Currently, the Hong Kong Special Administrative Region specifies a monthly interest of HK$3.5 for each principal amount of HK$100.

Preserving Pawned Object

Our Group is deeply concerned with our clients’ cherishment of their personal properties. Effective from the date hereof all personal properties pawned at our shops will be carefully preserved and protected inside our specially designed plastic bags with seals.

Foremost, a client will be asked to sign on the plastic bag, after which our shopkeeper will put the pawned object into the plastic bag and seal it up, both of those processes will be completed in the presence of the client and on the spot.

When a client redeems the pawned object, he/she will verify the Object on the spot, subsequently the plastic bag will be unsealed and the pawned object will be returned to the client intact.

Private Appointment Service in Independent Meeting Room

The Company is not only professional and honest, but also understands the different needs of its clients. We provide exclusive appointment services for distinguished clients to handle the transaction of valuables, so that all privacy of the clients is kept highly confidential.

The independent meeting room is located in the office building of the Group at Rm 2302-2303, Kwan Chart Tower, 6 Tonnochy Road, Wan Chai. For enquiries, please call 6699-2228 or contact us via this website.

Pawn Interest Calculator

Interest Calculation

Pawn Principal (HKD) :

Pawn Period (Chinese Lunar Calenda) :

Interest (HKD) : 3.50

Principal and Interest (HKD) : 103.50

* The above calculation is for reference only

Pawning Period

The expiry date will be the end of the fourth month from the date of the pawn transaction, by reference to the Chinese Lunar calendar. The client may redeem his/her pawned object at any time before the expiry date by settling the principal and interest of the pawn transaction at the relevant pawnshop.
Alternatively, the client may clear the interest first prior to/on the expiry date, and then renew the pawn contract for another four months, so on and so forth.

Oi Wah Pawnshop Credit Limited

Loan Product Summary (English Version only):

The provisions provide that loan period expires upon 4 lunar months. The interest rate is HK$3.5 per HK$100.00 per lunar month;
The goods pawned shall upon the expiration of 4 lunar months from the date of advancing the money on loan become, if they are not earlier redeemed, the property of the pawnbroker;
If before the expiration of 4 lunar months from the date of advancing the money on loan, you wish to continue the loan you may do so subject to your paying the interest then due;
The goods will be redelivered to you if within 4 lunar months from the date of advancing money on loan, you tender this ticket together with full amount then due for principal and interest;
If you lose or are fraudulently deprived of this ticket and the goods remain undreamed or unsold, you may, upon providing the pawnbroker with a statutory declaration setting forth the circumstances of such loss or fraudulent deprivation and paying to him the sum of $10 for expenses, obtain a duplicate ticket;
A brief summary of the relevant loan charges is provided below for reference. Final approval will be subject to the individual applicant’s actual circumstances:

Pawn principal: HK$10,000
Pawn Period (Chinese Lunar Calendar): 1 month
Interest: HK$350
Principal and interest: HK$10,350