FAQs - Malaysia Licensed Pawn Brokers

Pawn loans are a quick and easy way to borrow money without the need for credit checks. Our appraiser will make you an offer after he has assessed your item. If you accept the offer, you will pawn your items with us (known as pledges) for instant cash.

On the spot! You are assured of a quick and accurate assessment of your items by our highly experienced appraisers, and will receive cash immediately once you accept the offer.Our modern computerised system and appraisal instruments allow us to process hassle-free secured loans for customers quickly and easily.

We accept a wide range of collateral items, including all types of gold, jewellery and loose diamonds as well as luxury timepieces and writing instruments.

Our experienced and technically competent master appraisers all have between 10 and 50 years of experience in dealing with different kinds of jewellery and valuables. They will first authenticate your valuables, then examine their condition and assess the items based on their expertise, coupled with the use of our advanced appraisal instruments, before they finally determine the pawn value. The pawn amount will then be offered to you.

Please bring your valuable item, along with your identification card, or passport.

Our interest rate is up to 2% per month.

Yes, you can pay interest and renew your pledges at any Kedai Pajak Well Chip store. Store Location.

Loan amounts vary according to the value of the item. There is no minimum dollar amount allowed on a pawn transaction.

In accordance with the Pawnbrokers Act, the pawner must be of a minimum age of 18 years.

You do not have to pay the full amount at once; you can pay in instalments, and each instalment extends the holding period for another six months. If you fail to renew your pledge or redeem your item after six months, your item will then be forfeited.

Please visit the WellChip branch where you pawned your item to request a replacement pawn ticket. A processing fee of RM6 is chargeable for each replacement ticket.

Pawned items are kept in strong rooms or reinforced safes in our pawnshops, which are all equipped with 24-hour surveillance cameras and alarm systems.

The pawner or any pawn ticket holder may redeem the pledge by presenting the pawn ticket and proof of identity. We will then return the pledged articles after collecting the principal pawn amount and the interest accrued.

Pawners must personally attend to redeem their pawned items, with the original ticket and MyKad/Passport. Besides, authorizing someone to redeem on their behalf is not allowed unless there are special circumstances.