What is the Highest Appraisal Pawnshop in the Philippines?

What is the highest appraisal pawnshop in the Philippines? If so, you’re not alone! Many people are looking for a reliable, high-end pawn shop to get great value for their assets. Luckily, we have researched and compiled a list of some of the best options available in the country. It doesn’t matter if you need to arrange quick cash or want to store your valuable possessions—you will find an excellent option with us today that fits all these needs perfectly. Read on to learn more about what makes these establishments stand out above all other pawnshops in the Philippines.

Emergencies can happen anytime and can occur when you or your family are strapped for cash. Conventional means of obtaining extra funds, including savings or loans, may need to be more or take too long. So, some people take to pawnshops to borrow quick money by using any valuable collateral such as jewelry, gadgets, appliances, and even vehicles. The process is fast, and the pawn loan is usually released within an hour or two.

What usually stumps people looking for a good pawnshop, especially the first timers, is many pawnshops, even in small cities and suburbs. Some people with experience will tell you to search for the highest appraisal pawnshop. You can do a “Sangla” (pawn) appraisal test with several pawnshops to find out. But before doing so, please read on.

Pawnshop in the Philippines: A Booming Industry

Even during the pandemic months, the pawnshop industry kept its head above the floodwaters. Popular pawnshop brands remained in business, which was a big help for families or companies affected by the lockdowns. This industry recorded a 4.7% increase in assets in 2021 at P96.9 billion. It was P92.5 billion in 2020. Pawn loan transactions reached P54.5 billion in 2021.

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Things to Look for in a Pawnshop

Look for these five essential aspects to ensure the pawnshop is legal and reliable to pawn your valuables.

1. Permits and licenses to operate

All rights, certificates, and permits should be hanging on the pawnshop walls, clearly visible to customers. You can also go to the Bangko Sentral ng Pilipinas website and look for the list of legitimate pawnshops.

2. Safe storage and insurance coverage

A reliable and proven pawnshop brand covers all pawned items. Also, the storage and security are adequate to keep all pawned items, customers, and employees safe.

3. Convenient and fast transactions

Because fast cash is concerned, look for brands that have branches across cities, towns, suburbs, and neighborhoods. These famous brands usually cut down their transactions to an easy process. Some even have online services for hassle-free transactions.

4. Reliable reputation

Advanced technology and the internet now allow us to check customer reviews of pawnshops, including customer experiences and which is the highest appraisal pawnshop. You can also see the pawnshop’s services and promo offers.

5. Rates are reasonable and competitive

Aside from looking for the highest appraisal pawnshop, compare rates to find the lowest interest offered. It’s one thing for a pawnshop to have a high appraisal; it’s another matter if a pawnshop charges a high-interest rate that can be a burden to pay every month. The average interest rate is around 3% to 4%. Also, inquire if there are any advance interest or service charges or if selected items with designer brands are charged a higher interest rate.

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The Best and Reputable Pawnshops in the Philippines?

In your search for the highest appraisal pawnshop, you also need to check out the most trusted pawnshop names in the Philippines.

Palawan Pawnshop

Probably the most familiar name when it comes to money remittance, Palawan is now one of the country’s fastest-growing and most trusted pawnshops. After opening its first branch in 1985, in 30 years, it has expanded to 3,300 branches, and its services include accident insurance, foreign currency exchange, bill payment, and international remittance. Its recently launched e-wallet app, Palawan Pay, registered two million users. For pawning, they only accept gold jewelry. Interest rates range between 1% and 3.5% depending on the package you get. They charge advance interest.

M Lhuillier

Founded as a small pawnshop in 1954, M Lhuillier is now one of the largest pawnshops in the country, with over 3,000 branches. Its primary services include quick cash loans, money transfers, and bills payment. It advertises being a high appraisal pawnshop with the lowest interest rates. It offers terms of up to 3 months and a 1% service charge.

RD Pawnshop

One of the leading pawnshops since 1976 in Cebu City, it has expanded to over 1,600 branches and 400 agents and partners nationwide. It allegedly offers low-interest rates with no advance interest. Aside from pawn loans, it has money transfers, bills payment, international and local remittances, air and sea travel tickets, and insurance. However, they only accept gold jewelry, gold bars, and Rado and Rolex watches for pawning.

M.B. Aguirre

M.B. Aguirre offers high appraisal and competitive interest rates for pawned items, limited to jewelry and gadgets only. It has over 50 branches nationwide and offers money remittance and bills payment.

Davao Ros-Ver New Pag-Asa Pawnshop

This pawnshop brand is growing in popularity in Davao City, Cebu City, and Mindanao. It opened its first branch in Davao City in 1987 and has grown to 74 branches in the Visayas and Mindanao. It charges 5% advance for mobile phones, watches, and jewelry and 6% for bulky items like power tools, appliances, etc. The service charge is 1%.

CVM Pawnshop

CVM Pawnshop was established in 2005 and is one of the few new-generation pawnshops starting to develop a brand name, having expanded to over 100 branches nationwide. It is fast using technology to become a quick one-stop shop for urgent pawn loans, money exchange and remittance, bill payment, micro insurance, and electronic load. However, their interest rates are high, ranging from 3.5% for jewelry to 10%-15% for mobile phones, TVs, and gadgets. They also have a service charge, advance interest, and disbursement fee.

Tambunting Pawnshop

Tambunting is one of the pioneers in the pawnshop industry in the Philippines, starting in the early 1900s. Today, it now has over 1,000 branches all over the country. They now offer money exchange and remittance, airline ticket bookings, and insurance.

Villarica Pawnshop

Villarica Pawnshop had its beginnings in Bulacan in 1954. Today it has over 600 branches nationwide. It allegedly offers a high appraisal rate with no service charge, with approval given in just 5-10 minutes. They also offer money exchange, remittance, bill payment, and electronic load.

Cebuana Lhuillier

Now with over 3,000 branches all over the Philippines, this growing brand offers a 30% higher appraisal rate than its closest competitors, making it the highest, if not just a high appraisal, pawnshop. It is a reasonably new-generation brand established in 1998 and specializes in pawn loans, money exchange, remittance, micro-savings, and insurance. It even offers an online pawning service for faster transactions. The interest rate is high at 4% and includes a service charge and advance interest.  


In conclusion, if you are looking for a reliable and high-end pawnshop in the Philippines, our list of options will help narrow down some of the best choices available. Furthermore, each of these establishments offers terrific value for your assets, so whether you need a quick cash injection or want to store valuable possessions safely, you know where to find them. With so many great options available and all offering superior appraisals compared to other pawnshops, there is no doubt that you will be able to find something suitable, no matter your needs. We hope this article has helped you decide which option is right for you and wish you all the luck in getting the best possible deal for your valuables!

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