Undoubtedly, COVID-19 has taken a toll on every aspect of our lives. And while monetary relief has been given, for some, that might not be enough to sustain a prolonged period of time without a steady flow of income.
One way to get cash fast and legally is to pawn or sell high-value items to pawnshops. Other than jewellery, some pawnshops also allow you to pawn watches and luxury bags.
Pawnshops, or earlier know as pawnbroking has existed in Singapore since 1872. Pawnshops in Singapore went through a major overhaul in the 1980s. Gone were the abacus and paper records. Operations started to digitise, while still in keeping with the over-the-counter service in the pawnshops that we’re familiar with today.
While you can sell high-valued items, most pawnshops now exist for short-term monetary loans. Just like any type of loan, pawnshops do charge interest from 1-2% (dependent on the length of the loan) but compared to simply borrowing money from a bank, if you’re unable to pay off your loan after six months, your pawned item will be auctioned off and the money earned from the sale will be used to pay off the remainder of your debt.
So if you’re in need of some quick cash to tide you over this circuit breaker period, here’s a list of pawnshops at your nearest convenience—pawnshops in close proximity of MRT stations. However, despite pawnshops being allowed to operate during Circuit Breaker, do take note that not all pawnshops are in operation. We do suggest you drop them a call to avoid being disappointed.
Tack Sing Pawnshop is located at Blk 102 Yishun Ave 5 #01-119 S760102. Tack Sing operates seven days a week, its operating hours are as follows:
Monday – Friday
08:15 am – 06:00 pm
08:15 am – 03:00 pm
07:30 am – 07:30 pm
It will take you approximately nine minutes to walk to Tack Sing Pawnshop from Yishun MRT station. You can contact the pawnshop at 6752 6593.
Maxi-Cash is located within Admiralty MRT station itself, their daily operating hours are from 9 am to 4 pm daily. You can contact Maxi-Cash Admiralty at 6269 9436.
Address: 70 Woodlands Ave 7, #01-04 Admiralty MRT, S738344
Maxi-Cash is located at Toa Payoh HDB Hub, their daily operating hours are from 9 am to 4 pm daily. You can contact Maxi-Cash Toa Payoh at 6356 7303.
It will take you approximately one minute to walk to Maxi-Cash from Toa Payoh MRT station.
Address: Maxi-Cash, 520 Lor 6 Toa Payoh, #01-61, S310520
Ang Mo Kio
Fook Soon Pawnshop Pte Ltd is located at Blk 202 Ang Mo Kio Ave 3 #01-1660, S560202. Their operating hours are as follows:
Monday – Friday
8:30 am to 5:00 pm
Saturday – Sunday
8:30 am to 1:00 pm
It will take you approximately 11 minutes to walk to Fook Soon from Ang Mo Kio MRT Station, you can contact them at 6452 8206.
Maxi-Cash is located within Bukit Batok MRT station itself, their daily operating hours are from 9 am to 4 pm daily. You can contact Maxi-Cash Bukit Batok at 6665 9411.
Address: 10 Bukit Batok Central, Bukit Batok MRT Station, #01-12, S659958
Maxi-Cash is located within Boon Lay MRT station itself, their daily operating hours are from 9 am to 4 pm daily. You can contact Maxi-Cash Boon Lay at 6291 0478.
Address: 301 Boon Lay Way, Boon Lay MRT Station, #01-31/32, S649846
ValueMax Pawnshop is located within Eastlink Mall, their daily operating hours are from 11 am to 6 pm. You can contact ValueMax Tampines at 6787 3738.
Address: 8 Tampines Central 1, #01-16 Eastlink Mall, S529543
It will take you approximately three minutes to walk to ValueMax from Tampines MRT station.
Maxi-Cash is located at Blk 205, Bedok North Street 1, #01-387, S460205. Daily operating hours are from 9 am to 4 pm daily. You can contact Maxi-Cash Bedok at 6241 4717.
It will take you approximately four minutes to walk to Maxi-Cash from Bedok MRT station.
Maxi-Cash is located within NEX and their daily operating hours are from 9 am to 4 pm daily. You can contact Maxi-Cash NEX at 6481 0428.
Address: 23 Serangoon Central, Nex, Unit No: #B2-17/18 S556083
It will take you approximately three minutes to walk to Maxi-Cash from Serangoon MRT Station.
Lian Hin Pawnshop Pte Ltd is located at Blk 40 Holland Drive #01-29 S270040. Weekday operating hours are from 8:30 am to 5 pm. Lian Hin Pawnshop only operates on weekdays. You can contact them at 6778 8201.
It will take you approximately nine minutes to walk to Lian Hin Pawnshop from Holland MRT station.
We're hiring lifestyle writers!