For Google Compliance for Personal Loans and Pawn Shops
• Axels Pawn Has No Minimum or Maximum Term for our loans. If you receive a loan from Axels Pawn you are allowed to pick up your loan the very next day OR keep your loan here as long as you would like. Interest accrues on a monthly basis and must be paid accordingly.
• Maximum APR on MLA Loans is 35%, APR Max.
• The total cost of an MLA Loan will not exceed 35% APR even after all applicable fees are applied.
• Axels Pawn Does Not Require loans to be repaid within 60 days of the loan date.
• For example, if you have an asset with a liquid wholesale value of $25,000 and borrow $10,000, your interest would be $291.66/month. If you borrowed the money for 3 months, your total payback amount would be $10,740.
• For more information visit our loans FAQ