Margate Branch

01843 223808

Ramsgate Branch

01843 584488

Pawnbroking (69.00% APR representative) 

More and more people are finding pawnbroking a quick, convenient and discrete way to raise instant cash. The customer can borrow anything from £50 - £100,000*. We also provide pawnbroking loans to small and medium size business owners. The interest rate on any loan can be lower if the value of the asset is significant.

  • Bring your items of gold, diamonds, watches etc. in to us
  • We will tell you how much you can borrow if you leave your items as security
  • You then have up to 6 months to repay the loan - you can come back in one week, one month - it's up to you
  • Interest is only calculated on the amount of time you have the loan

A reassuring thing to remember is that if at the end of 6 months you are not in a position to redeem the loan you can come in and just pay the interest and then you have a further 6 months to repay the loan.

This flexibility is one of the things that makes borrowing money this way so attractive and customers appreciate the speed of the transaction. No appointment is necessary, just bring in your items to our Margate or Ramsgate shop with a form of ID, and literally 10 minutes later you have the cash in your hand. There are no credit checks.

If you are not local to us but you would still like to find out more about Cuttings the Pawnbrokers, please feel free to visit our website. Here you can read customer testimonials and FAQs, or even apply for a loan in three simple steps.

Cuttings make loans on:

  • Gold jewellery
  • Broken gold items
  • Rolex watches
  • Other quality watches
  • Diamonds
  • Sovereigns
  • Kruger Rands
  • Gold coins

Representative Loan Example
Loan amount: £1,000
Rate of Interest: 60.00% per annum (fixed)
Rate of Interest: 5.00% per month (fixed)
Administration fee: No Administration Fee
Representative APR: 69.00%
Duration of the agreement: 6 months
Total amount payable: £1,300
Repayment of credit: one repayment of £1,300 in month 6


Typical examples

£20,000 Loan at 4% per month (53.76% APR)                  £50 Loan at 7% per month (101.64% APR

Rate of Interest 48.00% per annum                                               Rate of Interest 84.00% per annum

After 1 month  -  £20,800                                                                                   After 1 month - £53.50

After 2 months - £21,600                                                                                 After 2 months - £57.00

After 3 months - £22,400                                                                                 After 3 months - £60.50

After 4 months - £23,200                                                                                After 4 months -  £64.00 

After 5 months - £24,000                                                                                 After 5 months - £67.50

After 6 months - £24,800                                                                                 After 6 months - £71.00



 We always have a variety of great jewellery in store, get in touch here to find out more!

* If in the event that you are unable to repay your loan to S.H Cutting Ltd, the asset(s) you have used to secure your loan may be sold or auctioned in order to recover the outstanding loan balance, according to the terms and conditions of your signed loan agreement.