Terms and Conditions

By applying for or accepting a loan from PawnMe, you (“the Borrower”) confirm that you have read, understood, and agreed to the following Terms and Conditions.

1Eligibility & General Agreement

  • The Borrower confirms they are 18 years or older and legally capable of entering into a binding agreement.
  • All information provided to PawnMe is true, accurate, and complete.
  • The Borrower agrees to repay the full loan amount plus applicable interest within the agreed loan period.
  • PawnMe reserves the right to approve or reject any loan application at its discretion.
  • The Borrower consents to being contacted via phone call, SMS, WhatsApp, or email regarding loan-related matters.
  • The Borrower agrees to PawnMe collecting, storing, and using personal data strictly for loan processing, risk management, and record-keeping.

2Loan Types & Interest Rates

Student Loans

  • Loan Tenure: 30 days
  • Interest Rates: 20% for loan amounts below USD 500; 25% for loan amounts USD 500 and above
  • Collateral is required and must meet PawnMe's valuation standards.
  • Failure to repay by the due date will result in automatic collateral liquidation unless an extension is agreed in writing.

Business Loans

  • Loan Tenure: 30 days
  • Interest Rates: 20% for loan amounts below USD 500; 25% for loan amounts USD 500 and above
  • The Borrower confirms the loan is strictly for business or income-generating purposes.
  • Funds must be used only for the stated purpose.
  • Failure to repay will result in immediate collateral sale.

Quick Cash Loans (Collateral-Based)

  • Maximum Loan Amount: 5,000 TL and below
  • Loan Tenure: 14 days
  • Interest Rate: 20% (flat)
  • Collateral must be legally owned and free from disputes.
  • PawnMe will hold the collateral until full repayment.
  • Failure to repay within 14 days grants PawnMe the unrestricted right to sell the collateral.
  • A reliable guarantor may be required.

3Collateral Policy

  • All collateral must be physically presented for inspection.
  • PawnMe reserves the right to accept or reject any collateral.
  • Loan value is determined based on PawnMe's market valuation.
  • Acceptable collateral includes, but is not limited to:
    • Smartphones
    • Laptops
    • Tablets
    • iPads
    • Other valuable assets approved by PawnMe
  • PawnMe is not responsible for market value fluctuations after collateral acceptance.

4Default & Recovery

  • Failure to repay within the agreed period constitutes default.
  • In the event of default, PawnMe may sell the collateral to recover the loan amount, interest, and related costs.
  • The Borrower waives any claim to the collateral once default occurs.

5No Refunds & No Reversals

  • Interest charges are non-refundable.
  • Once collateral is sold due to default, the transaction is final and irreversible.

6Limitation of Liability

PawnMe shall not be liable for:

  • Loss of business or income due to loan usage.
  • Market depreciation of collateral.
  • Delays caused by events beyond its control.

7Amendments

PawnMe reserves the right to update or modify these Terms & Conditions at any time. Updated terms will apply to new loans.

8Final Borrower Consent

By signing or accepting this agreement, the Borrower confirms that they:

  • Understand the loan amount, interest rate, tenure, and collateral requirements.
  • Accept full responsibility for repayment.
  • Agree to all PawnMe Terms & Conditions.

By using PawnMe, you acknowledge that you have read and agreed to the full terms and conditions outlined above.