Best Pawn Shops in Detroit, MI

Compare 5 pawn shops companies serving Detroit, Michigan. Average rating: 4.3/5.

5 Companies 5 Rated Payday: Legal

Michigan Lending Regulations

Michigan allows payday lending with a $600 cap, tiered fee structure, and a one-loan-at-a-time limit. Rollovers are prohibited. The Department of Insurance and Financial Services regulates consumer lenders, and complaints can be filed with DIFS or the Attorney General.

Usury cap: 25% for consumer loans; payday loans capped at $600 with 15% fee on first $100, tiered after Agency: Michigan Attorney General Consumer Protection Division

Top-Rated Pawn Shops

American Jewelry & Loan logo

American Jewelry & Loan

Detroit-based pawn shop operating since 1978 with 4 Michigan locations. Offers collateral-based loans on jewelry, electronics, tools, and more.

4.5/5
Contact BBB: NR

Best for: Consumers needing quick cash who own valuable items (jewelry, electronics, tools), Individuals with poor or no credit history unable to qualify for traditional loans

City Pawn logo

City Pawn

City Pawn is a Detroit-based pawn shop offering collateral-based loans and buying services for jewelry, electronics, and other valuables.

4.4/5
Contact BBB: NR

Best for: Consumers needing immediate cash without credit checks or background approval, Individuals with valuable items (jewelry, electronics) who prefer collateral-based lending

Zeidman's Jewelry & Loan logo

Zeidman's Jewelry & Loan

Family-owned pawn and jewelry lender operating in Detroit since 1923. Offers collateral-based loans and buys/sells luxury jewelry and watches.

4.3/5
Contact BBB: NR

Best for: People with valuable jewelry or luxury watches who need immediate cash without credit checks, Collectors and luxury watch buyers seeking authenticated pre-owned pieces from established dealer

iPawn Detroit logo

iPawn Detroit

iPawn Detroit is a pawn shop operating in the Detroit area. The company's website presence is limited to an Instagram login page with no accessible business information.

4.2/5
Contact BBB: NR

Best for: Detroit residents with established local knowledge of the business, Customers who prefer in-person transactions over online research

Bim's Pawnbrokers logo

Bim's Pawnbrokers

Bim's Pawnbrokers is a Detroit-based pawn shop offering collateral-based loans and buying/selling of jewelry, firearms, guitars, and tools.

4.1/5
Contact BBB: NR

Best for: Individuals with valuable items (jewelry, firearms, instruments, tools) needing immediate short-term cash, People with poor credit or no credit history unable to qualify for traditional loans

All Pawn Shops in Detroit (5)

American Jewelry & Loan logo

American Jewelry & Loan

Detroit-based pawn shop operating since 1978 with 4 Michigan locations. Offers collateral-based loans on jewelry, electronics, tools, and more.

4.5/5
Contact BBB: NR

Best for: Consumers needing quick cash who own valuable items (jewelry, electronics, tools), Individuals with poor or no credit history unable to qualify for traditional loans

City Pawn logo

City Pawn

City Pawn is a Detroit-based pawn shop offering collateral-based loans and buying services for jewelry, electronics, and other valuables.

4.4/5
Contact BBB: NR

Best for: Consumers needing immediate cash without credit checks or background approval, Individuals with valuable items (jewelry, electronics) who prefer collateral-based lending

Zeidman's Jewelry & Loan logo

Zeidman's Jewelry & Loan

Family-owned pawn and jewelry lender operating in Detroit since 1923. Offers collateral-based loans and buys/sells luxury jewelry and watches.

4.3/5
Contact BBB: NR

Best for: People with valuable jewelry or luxury watches who need immediate cash without credit checks, Collectors and luxury watch buyers seeking authenticated pre-owned pieces from established dealer

iPawn Detroit logo

iPawn Detroit

iPawn Detroit is a pawn shop operating in the Detroit area. The company's website presence is limited to an Instagram login page with no accessible business information.

4.2/5
Contact BBB: NR

Best for: Detroit residents with established local knowledge of the business, Customers who prefer in-person transactions over online research

Bim's Pawnbrokers logo

Bim's Pawnbrokers

Bim's Pawnbrokers is a Detroit-based pawn shop offering collateral-based loans and buying/selling of jewelry, firearms, guitars, and tools.

4.1/5
Contact BBB: NR

Best for: Individuals with valuable items (jewelry, firearms, instruments, tools) needing immediate short-term cash, People with poor credit or no credit history unable to qualify for traditional loans