Loan Terms and Repayment

30-Day Loan Term: Your loan is structured as a 30-day term, which can be extended for additional 30-day periods as long as you meet the 30-day interest obligation.

Interest Rate: The interest rate ranging from as little as 6% depending on the individual artwork.

Accrued Billing: The first 30-day billing period begins as soon as the pawn fine art loan is originated. The loan amount plus interest is due 30 days from the origination date unless renegotiated.

Payment Schedule: Due to the varying number of days in each month, the due date will adjust over time. A payment schedule will be provided.

Origination Fee: 2% of the loan amount.

Storage, Shipping, and Insurance: The debtor is responsible for storage, shipping, and handling costs. RG Art Pawn will provide insurance for the duration of the loan term.