Choose a country
Philippines
Select a city
Select a city
Additional Information
English (PH)
Select country
Choose a country
Philippines
Canada
España
México
Philippines
United States
Việt nam
Казахстан
Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

MOTOPAWN

Advertiser Disclosure

About lender

Given the current economic situation, almost everyone had experienced times when a large sum of money was urgently required. It is advantageous if you have wealthy relatives or friends willing to lend you money. If not, pawnshops can come in handy.

Motopawnshop Inc. was registered with the Securities and Exchange Commission in 2015. With humble beginnings, the company started with a small amount of money to accept all personal items such as motorcycles, automobiles, etc.

Motopawn is an automobile pawnshop in the Philippines. In this case, the loan amount will be directly proportional to the cost of the car. The price of your car is determined by factors such as overall situation, mileage, and other adjustments. When you go to Motopawn, it means you're ready to use your car as a pawn. You may require additional insurance if you still want to use your car, even if ownership has been transferred. Consider it a cost in addition to the title loan itself. A used car appraiser typically estimates no more than 50% of the price of a new car of the same brand and setup.

Their interest rate is 3.5% per month. You can also get a loan of up to 60% of the assessed value of the car and a loan term of up to four months.

Pros and cons

Before going to Motopawn with your vehicle to get cash, it is worth looking at these pros and cons.

Pros

  • They offer a reasonable interest rate if you compare it with their competitors.

  • They give loans up to ₱500,000.

  • They can approve your pawning application in less than 24 hours.

  • They are into auto pawning and real estate.

Cons

  • They have only one known office.

  • They do not have a website.

  • They have some requirements applicants must meet before they're eligible for a loan.

  • They just started operations not too long ago.

Products

Motopawn offers auto and real estate pawning. These are the products they are known to offer. They pawn motorcycles, automobiles, etc. You can get a loan using your car as collateral, provided you have all the needed documents. Their minimum financing amount is ₱30,000, and the maximum amount is ₱500,000. The minimum loan term is seven days, while the maximum is 120 days. The daily interest rate is between 0.10% - 0.16% and the approval duration can be up to 24 hours.

Practically, if your vehicle’s appraised value and loan amount are ₱100,000, the loan term is four months, and the interest rate is 0.16% daily. The monthly payment will be ₱28,114, the overpayment will be ₱12,456, and the total payment will be ₱112,456.

Requirements

Borrowers must be sure they pass all the below criteria for their application to stand a chance of being approved.

Eligibility

  • You must be at least 21 years old at the time of application but not more than 65 years old when the loan matures.

  • You must provide a filled application form.

For motor/auto vehicles

  • Original OR/CR of the vehicle

  • A valid ID

  • The unit itself

For real estate

  • Latest certified true copy title and tax declaration

  • Pictures of the Lot or building

FAQ

What is Motopawn?

Motopawnshop Inc. is a 2015 SEC-registered company. The company began with a small amount of money to accept all personal items such as motorcycles, automobiles, etc.

How does Motopawn work?

You go to the Motopawn branch, pawn your item, and then sign the back of the pawn ticket at the Pawner line. Present the signed pawn ticket and payment for the amount due on the item's redemption before leaving. Your money will be deposited into the account number you provided during registration.

What are the requirements for pawning at Motopawn Pawnshop?

Pawning requirements are the original OR/CR of the motor/auto vehicles, a valid ID of the owner, the unit itself and a filled application form.

Real estate loan requirements are the latest certified true copy and title/tax declaration, photos of the lot/building in question, and a filled application form.

What are the minimum and maximum loan amounts at Motopawn Pawnshop?

Their minimum financing amount is ₱30,000, and the maximum amount is ₱500,000.

How to pawn at Motopawn Pawnshop?

Bring your vehicles or pictures of the units to the Motopawn branch. The quality of your item determines the pawning value. Their branch associate will assist you, and remember to bring your valid ID and all other required documents. Also, check the eligibility to ascertain your eligibility status.

What is the maximum loan term at Motopawn Pawnshop?

The maximum loan term at Motopawn Pawnshop is 120 days.

What happens to the collateral if I fail to repay the Motopawn loan?

If you fail to repay the loan, the company has the right to sell off your pawn. 

Financial products

MOTOPAWN
Auto pawning
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
₱30,000 - ₱500,000
Rate
i

Effective interest rate on the product

up to 0.16% per day
Term
i

Loan term for the financial product

up to 120 days

Similar products

DIGIDO
Instant online loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

4
Recommended FinScore™
0
300
650
1000
₱25000
Rate
i

Effective interest rate on the product

11,9% per month
Term
i

Loan term for the financial product

6 months
Kviku
Online Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
₱25000
Rate
i

Effective interest rate on the product

up to 0.16% per day
Term
i

Loan term for the financial product

180 days
MoneyCat
Instant cash loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
₱20000
Rate
i

Effective interest rate on the product

11,9% per month
Term
i

Loan term for the financial product

6 months
Finbro
Personal Loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
₱1,000 - ₱50,000
Rate
i

Effective interest rate on the product

up to 0.6% per day
Term
i

Loan term for the financial product

up to 12 months
OFBank
Multi-purpose loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000

Calculate loan payments in MOTOPAWN

MOTOPAWN calculator
Interest rates are given in accordance with the rates of the MOTOPAWN in Manila as of 04.12.2022
Loan amount
i

Enter the desired loan amount

PHP
PHP
30000 ₱
500000 ₱
Loan term
i

Specify the loan term for the calculation

days
months
7
120
City

What to pay attention to when applying for a loan at MOTOPAWN?

Recommendations

What distinguishes MOTOPAWN from a bank:

Your comment has been added
Error
Your complaint has been recorded
Invalid username or password
comment.alert.error-reg
Please log in to like/dislike
Invalid SMS code has been entered
All MOTOPAWN’s reviews by december 2022
Leave feedback

Similar companies

Bayad
Business Solutions Center Meralco Complex, Ortigas Avenue 0300 Pasig City, Philippine
+632 8672-5777
GCash
internet only
BHF Pawnshop
974 Gen. Kalentong St. Mandaluyong City Metro Manila
(02) 534-5993
PTS Gadget Pawnshop
691 Tandang Sora Ave, Matandang Balara, Quezon City, 1119 Metro Manila
+63 915 505 7703
Gemmary Pawnshop
225 Tandang Sora Avenue, Tandang Sora 2, Quezon City, 1116 Metro Manila.