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Best Legit Pawn Shops in Cebu For Tough Financial Times 2021

The Best Pawnshops and Moneylenders in Cebu

We all have emergencies, and sometimes, they can empty our pockets. You can apply for various loans through banks and other financial institutions to cover an emergency expense. But it could take weeks or even months before your application is processed.

The Philippines has pawn shops where you can borrow money. For example, you could use your jewelry, gadgets, vehicles, or appliances as collateral. For most pawn loans, you only need to provide a valid ID and collateral. Additionally, the loan application process is quick. Therefore, your loan amount can be available right away.

It doesn’t seem like an excellent plan to pawn your possessions, but it can be helpful for an emergency fund when you are in a bind. This is a list of pawnshops in the Philippines that you may find beneficial. In addition, this list contains information about their monthly interest rates, payment terms, and other services.

Established Pawn Shops

Cebuana Lhuillier

With over 2,500 branches in the Philippines and Cebu, Cebuana Lhuillier is one of the most accessible pawn shops. 

Cebuana Lhuillier has long been a trusted name when it comes to quick cash. The company has also expanded into remittance, microfinance (loans), banking and rewards programs.

Cebuana Lhuillier’s main services are:

  • Pawning
  • Money Remittance
  • Microinsurance
  • Microloans
  • 24K Rewards Program

Their other services include:

  • Foreign Exchange
  • Bills Payment
  • Loading Station

Davao Ros-Ver | New Pag-Asa Pawnshop

With over 74 branches strategically located in Visayas and Mindanao, Davao Ros-Ver and New Pag-Asa Pawnshop became one of the best and trusted Pawnshops in Cebu.

Davao Ros-Ver has a low monthly interest rate of up to 6%. Here are some of the items you can pawn to them:

  • Jewelry
  • Accessories
  • Gadgets
  • Appliances
  • Game Consoles
  • Computers
  • Power Tools
  • Musical Instruments

Tambunting Pawnshop

The oldest pawnshop in the Philippines is Tambunting Pawnshop. Established in 1906, they have served Filipinos for over a century. 

There are Tambunting branches nationwide, and it is a top pawnshop in the Philippines. This pawnshop allows you to pawn your car, appliances, jewelry, and even pledges or stocks for a loan. Their other services are:

  • Money Remittance
  • Bills payment
  • Loading services
  • Airline Tickets

M Lhuillier

M Lhuillier has helped Cebuano families by providing Quick Cash Loans over the years. Some people may get a loan from lender cast mart while others prefer M Lhuillier as a pawn shop.

One of the most widely available and trusted money lending services in the Philippines is the ML Quick Cash Loan. With 3,000 M Lhuillier locations nationwide, ML Quick Cash Loan is a convenient way to borrow money.

Kwarta Padala is M Lhuillier’s specialty, and it’s a convenient way to send money safely. Now, pawn shops offer a lot more than jewelry; they offer remittance, insurance, loans, money-changing, and even food.

The interest rates at M Lhuillier are among the lowest in the country. M Lhuillier’s has a well-trained and friendly staff that makes sure that you get fair and reliable appraisals. In addition, M Lhuiller’s teams are committed to keeping your transactions confidential.

Their list of services include:

  • Quick Cash Loans
  • Kwarta Padala
  • ML Wallet
  • ML Express
  • Money Changer
  • Jewelry Pawning
  • Insurance
  • Logistics

Palawan Pawnshop

Palawan Pawnshop was founded in Palawan in the mid-1980s. Initially, the pawnshop offered pawnbroking services. They later expanded their services to include money remittance, currency exchange, e-loading, bill payment, and accident insurance.

Palawan Pawnshop is one of the country’s trusted and reliable pawnshops. It has one of the lowest interest rates and high appraisal rates. With hundreds of branches all over the country, Palawan Pawnshop is a great place to go if you need some quick cash. 

Their other services offered includes:

  • Remittance
  • Pawning
  • Money Changer
  • Loading
  • Accident Insurance
  • Bills Payment

Villarica Pawnshop

Villarica Pawnshop opened its first branch in Quiapo, Manila, in 1954. Paz R. Villarica founded it. The Villarica Pawnshop has now grown locally and nationwide to become one of the most trusted pawn shops.

Villarica Pawnshop offers pawning without a service charge, making it different from other pawn shops. You can also use Villarica to pay your bills or send money to anyone.

Services offered:

  • Pawning
  • Money Remittance
  • Foreign Exchange
  • Jewelry Auction
  • Bills Payment
  • Loading Station
  • ATM Withdrawal(BDO)

Online PawnShops


N-Cash has been the pioneer in online pawning in the Philippines. They have been in business since 2006. 

If you need cash fast, N-Cash has been a trusted source of quick cash for over a decade.

On-demand cash is available with N-Cash. It takes minutes to complete a transaction. Therefore, there is no waiting time or processing time. In addition, there is no next-day fund release policy.

If you decide to pawn your item with N-Cash, appraisals are done face to face by their qualified appraisers. So you don’t have to worry about being scammed online. 

Your item will be sealed in front of you, and ask for your signature as a seal. This is to ensure that your pawned item will be safe and secured while in N-Cash’s possession. 

All your precious items like luxury watches and designer bags are kept in secured storage. So you can check your items anytime during office hours. While another option is to get a loan from a legal chinatown money lender, you may consider this online pawnshop.

N-cash also offers Online Pawn Transactions. Pawn transactions conducted online do not require the client to be physically present. You can pawn, sell, or even pawn your item to N-Cash from wherever you are. You can send your valuable item to N-Cash’s address, and N-Cash will make payment through your preferred bank account or money-transfer service once it has been received and processed.

  • Luxury Watches 
  • Designer Bags
  • Laptops, Notebooks, Desktops
  • Smart Phones 
  • Camera Body, Lens, and Accessories
  • Gaming Consoles
  • Vehicles
  • Motorcycles
  • Jewelry
  • Designer Shoes
  • Sneakers 
  • Rimowa Luggage
  • Sunglasses and Other Eyewear


PawnHero is another online pawnshop that you can visit for quick money fixes.

You can exchange valuable items like these with PawnHero:

  • designer bags
  • luxury watches
  • Jewelry
  • precious metals
  • Gemstones

PawnHero also accepts traditional pawnshop items. However, PawnHero also loans on a broader range of items than traditional brick-and-mortar pawnshops, including smartphones, other electronic gadgets, and so much more. All of them can be used as collateral to secure a loan at PawnHero Pawnshop.

You can quickly pawn your item in 3 steps.

Step 1: Click on the Pawn Now button on their website to pawn your valuables.

Step 2: Complete your online pawn ticket with the required details and schedule the item pick-up. A Pawntrooper (PawnHero’s in-house courier) will meet you at your specified address to pick up your collateral. Upon picking up and appraising your collateral, your loan approval can be completed in 1 day.

Step 3: After you accept the final loan offer, you can choose to cash out via bank transfer, InstaPay, or any PESONet partner bank or electronic money issuer.