Our pawn loans have a 4 month or 120-day term, and there is no minimum period for repayment. In fact, our loans are non-recourse, meaning there is no requirement of repayment whatsoever; failure to repay principal and accrued interest will only result in loss of collateral. Our interest rates are governed by state law (California or New York depending upon which “The Loan Companies” office executes the loan) and start at under 3% per month (36% APR). For example, a loan in California of $175, redeemed in 90 days would cost 15.75 in interest, which equates to 3% per month in interest. If you have any more questions, please give us a call.