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In this article you will learn about Palawan Pawnshop, its services requirements for Filipinos. Remember, it is much better to take a loan from Digido than to pawn your item to a pawnshop and get money. Your valuables will stay with you because Digido requires no collateral.

Palawan Pawnshop in the Philippines

Last updated: November 15, 2023

Written by: Digido Financial Writers Team | Reviewed by: Mark Anthony

Key takeaways:

  • Palawan PawnShop is one of the largest pawn shops in the Philippines.
  • It accepts gold items as collateral and also offers domestic and international money transfer and insurance services.
  • Digido online loans are more profitable than pawnshop loans because you don’t need collateral and you don’t risk your valuables.

Way back before the start of the 21st century, average Filipino households typically relied on pawnshops to get a loan. They could easily obtain fast cash by leaving their valuable items in the pawnshop as collateral. During those times, banks and other lending institutions had strict requirements, making it difficult for ordinary Filipinos to get loans. Hence, pawnshops were their lifesavers whenever they needed immediate cash on hand.

Palawan Pawnshop History

Pawnshop businesses in the Philippines flourished over the years. So, this venture sparked an interest in Mr. Bobby and Mrs. Angelita Castro – spouses living in Puerto Princesa City, Palawan. On August 17, 1985, they decided to establish their very own pawn broking, the Palawan Pawnshop. Thus, Bobby and Angelita Castro are now the Palawan Pawnshop owners.

Since the inception of Palawan Pawnshop, its services consistently develop and adapt to the economy’s trends. In 2003, it started to operate a domestic money remittance business – the Palawan Express Pera Padala. It expanded after a year by entering business partnerships, extending its remittance network in Luzon. Eventually, Palawan Pawnshop began to offer tiered loans to the public. After more than three decades, it is now offering various products and services in their branches nationwide.

Palawan Pawnshop also cares for its environment, has social responsibility, and of course, maintains a good workplace for the employees. The management treats all the people in the operation as associates. The Palawan Pawnshop salary, benefits and other incentives are also competitive.

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How does Palawan Pawnshop Work?

Palawan Pawnshop has three primary financial services – pawning, remittance, and Suki Cards Palawan. These services are the main features offered to the public, especially to its loyal customers.
In pawning service, Palawan Pawnshop only accepts gold item jewelry. It provides an appraisal rate based on the item’s karat, weight, and appearance. The Palawan Pawnshop rates vary depending on the package chosen by the pawner (further details are in the next section).

In remittance service, Palawan Pawnshop offers the Palawan Express Pera Padala, which has a minimum rate of P2.00. The receiver can claim the money through its branches and remittance outlets. If remittances are unclaimed, the receiver can still get the money within a year. However, after 30 calendar days, remittances will be subject to a handling fee. The fee is P30 or 1% of the principal amount per month, whichever is higher.

The Suki Card is a loyalty card offered to customers, encouraging them to continuously support the pawnshop’s products and services. The cardholders can avail of discounts on Palawan Pawnshop rates such as the pawn interest and remittance fee. They can also get rebates and other perks. They can also use the Palawan Suki card as ID for financial transactions at Palawan Pawnshop branches.

If you’re wondering how to cash out GCash in Palawan, it’s very easy. Go to a Palawan pawnshop branch, walk up to the attendant and tell them that you want to cash out of your GCash wallet.


  • Is Palawan Express and Palawan Pawnshop the same?
    Palawan originally provided pawnshop services, but now it provides Palawan Express Pera Padala money transfer services.
  • Can I claim Palawan in 711?
    Yes, Palawan Express is available 24 hours through 7-Eleven.
  • How can I transfer money from Palawan to bank account?
    Go to any Palawan Pawnshop branch. Then fill-out the Padala to Bank Account Form and pay for the amount due + service fee.

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Palawan Pawnshop Products and Services


Since Palawan Pawnshop began as a pawn broking business, one of the highlights of its services is pawning. For accurate information about Palawan Pawnshop accepted items, visit the official Palawan website. The pawner needs to bring the gold item to any Palawan Pawnshop branch for the exact appraised value. This service is typically free of charge.
Payment term is up to 4 months, and the approval time is 2-6 hours. It offers four different interest packages to its customers that can suit their financial needs. Each package also has a service charge of 1% of the principal loan.

Package 1:
2.73% per month;
With 1% advance interest;
Days: 1-11 (1%), 12-22 (2%), 23-33 (3%).

Package 2:
3.5% per month;
No advance interest.

Package 3:
2.5% per month;
1-month advance interest.

Package 4:
2% per month;
2-month advance interest.

How to Pawn:
1. Go to any Palawan Pawnshop branch;
2. Present your gold jewelry item for an appraisal;
3. Decide your pawning amount. It should not exceed the maximum appraised value of your item;
4. Fill out and sign the Information Sheet;
5. Sign the printed pawn ticket. You will receive a copy of the pawn ticket;
6. Count and check the money received before leaving the branch.

How to Redeem the Pawn:
1. Go back to the Palawan Pawnshop branch, where you pawned your item;
2. At the back of the pawn ticket, sign on the line labeled “Pawner” under #22 Term;
3. Present the signed pawn ticket and hand over the payment for the amount due on redeeming the item;
4. Check the item before leaving the branch.

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The Palawan Express Pera Padala offers domestic and international remittances. The Palawan Pawnshop rates for the remittance service come into three sets:
1. Visayas, Mindanao and Southern Luzon;
2. Central and North Luzon;
3. National Capital Region (NCR).

How to Send Money:
1. Go to any Palawan Pawnshop branch or any Palawan Express Pera Padala outlet;
2. Fill out the Send Money Form with complete details;
3. Place the accomplished Send Money Form and valid ID on the tray at the branch counter. Hand it over to the associate. The branch associate will call the name of the next customer to accommodate;
4. Prepare the principal remittance and fee while waiting for your turn. Once called, sign and receive your copy of the computer-generated Send Money Form;
5. You will receive a text message when the remittance is ready to be claimed.

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Palawan Suki Card

The Suki Card is a loyalty card where you earn points. For all transactions you make through the company, you get points that will eventually turn into rebates and discounts. From time to time, the company has promos that only holders of the Suki Card can avail.

Those who use Palawan’s services often must get this card, as it can provide them with perks and discounts.

Palawan Suki Card Rebates and Perks

Here are the benefits of having a Palawan Suki Card:

• Discounts on the interest for your pawned items
• Discounts on remittance fees (when sending money)
• Exclusive points
• Discount if you get the ProteKTODO Insurance
• 10% off on jewelry display

You will also get an ID from the company. The Palawan Suki Card as ID is not a valid government ID, but they will no longer ask you for other IDs if you pawn your items next time.

How to Get Palawan Suki Card

Right now, there is no online method to get the Palawan Suki Card. To get one, you must go to a branch and then apply for it.

The clerk would give you a form. Fill it out and then present a valid ID. You also have to pay a fee for the card. After entering the details into the computer, you can now immediately get your ID. The Suki Card has no picture; what it has is the Palawan Suki Card number.

1. Go to any Palawan Pawnshop branch;
2. Fill out and sign the Customer Information Sheet;
3. Pay an amount of P50 for the Suki Card;
4. You can immediately use the card afterward, and there is no need for activation.

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How to Use Palawan Suki Card

To use the card, just present it to the clerk whenever you have a transaction. They will swipe the card in the system to record that transaction. Every time you use it, you earn points.

As a member, you can immediately use it. For example, let us say there is jewelry on display that you want to buy. If you want that now, present your card to the clerk so you can get a 10% discount.

How to Check Palawan Suki Card Points

You can only check your points from the pawnshop. Right now, there is no online method to validate how many points you have.

Now, there is a right way on how to use Palawan Suki Card points. After getting the card, find out where you can use it. For example, you can use it in TimeZone, an arcade or gaming shop. If you have enough points, you can swipe the card in the arcade gaming system to play. The system will automatically deduct points from your card.


Palawan Pawnshop also offers other services and products such as:
1. Money changer;
2. Cash card/ATM withdrawal;
3. E-Loading;
4. Fund transfer to bank account;
5. Bills payment;
6. ProtekTODO accident insurance.

I want to borrow ₱ 10000
Min: ₱ 1000
Max: ₱ 20000
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* Interest payments are approximate. The final loan amount and interest rate must be confirmed in your loan agreement after loan approval.

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What is Palawan Pawnshop Insurance?

The PPS PEPP ProtekTODO is the personal accident insurance offered by Palawan Pawnshop to Filipinos earning below or minimum salary. Typically, average Filipinos with minimum daily income could not get insurance because of the high-priced premium. With Palawan Pawnshop ProtekTODO, all Filipinos can avail of personal insurance for as low as P5. This is one-time payment insurance. Upon submitting a signed Confirmation of Registration (COR), the insurance is immediately in effect.

The Palawan Pawnshop’s ProtekTODO comes to four different policies:
1. Sulit Solo ProtekTODO – good for Filipinos without regular income; Insurance Premium: P20/COR;
2. Premium Solo ProtekTODO – good for Filipinos with minimum wage; Insurance Premium: P50.00/COR;
3. Premium Pamilya ProtekTODO – good for Filipinos who have dependents in the family; Insurance Premium: P100.00/COR;
4. Sulit Singko ProtekTODO – most affordable insurance available to all customers with transactions; Insurance Premium: P5.00/COR.

Palawan Pawnshop Branches

For more than 30 years in the industry, Palawan Pawnshop has developed its name and extended nationwide. From Luzon, Visayas, to Mindanao, Palawan Pawnshop has established 3,000 branches, including those in the remote areas. Aside from these, its remittance partners and agents are also growing. This includes the SM Malls, 7-Eleven, and LBC, to name a few. You can also contact Palawan Pawnshop contact number 091-73013868 to find out where the nearest branch is located. This can be one of the Palawan Pawnshop Davao or Palawan Pawnshop Iloilo branches. The head office of Palawan Pawnshop stays in Puerto Princesa City, Palawan. In the National Capital Region (NCR), the Manila Regional Center is in Makati City. While the Panay Regional Center is in Iloilo City. The Palawan Pawnshop Cebu also has its own regional center, located at Mandaue City.
To find the nearest Palawan Pawnshop branch, you can use their Branch Finder to search. It is way more convenient and easier to locate the nearby Palawan Pawnshop branch.

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Palawan Express Loan

The Palawan Express cash loan is a loan that requires collateral. The company is a pawnshop, and you can use valuable items like gold and jewelry to get cash from their branches. Over the years, the company offered more services, but they never offered loans without collateral.

Here are the services they offer:

• Pera Padala – send money to someone in another location where there is a Palawan Express branch
• Money Changer – buy dollars or other currencies
• Pawning – pawn your valuable items and get cash; this loan has interest
• Bills Payment – pay your bills in a branch instead of standing in long lines
• International Remittance – people who work abroad can send money to their loved ones with Palawan. They have to go to an international money transfer company and just tell them that they will remit it via Palawan.

The company also offers e-loading where you can buy load for your smartphones. In addition to this, it is possible to send money from Palawan to a bank account. It makes sense if the recipient of the money you want to send lives in an area where there is no bank.

How to Apply Loan in Palawan Pawnshop

To get a loan, take your valuable item to a branch. Present it to the clerks. They will test your item for purity or grade and will assess how much they can loan to you.

As always, pawnshops will not loan you the exact value of the item. They must leave room to make a profit in case you do not pay your loan back. The interest rates vary, but their regular customers who have the Suki Card get special deals.

There are four packages to choose from:

• Package 1 – pay 2.73% interest in one month and pay 1% in advance interest.
• Package 2 – same interest rate but no advance interest
• Package 3 – they will charge one month in advance interest
• Package 4 – they will charge two months in advance interest

The minimum and maximum period to redeem or pay what you loaned is between 0 and 120 days. Take note that to meet the Palawan express loan requirements, you must present a valid ID.

Once you get to the pawnshop, you need to get a Palawan pawnshop loan application form and fill it out. After the verification process, the pawnshop clerks will sign a printed ticket and give it to you. You will get a duplicate ticket and the money.

Palawan only accepts gold jewelry. They do not accept gold bars or precious stones. It is likely that there are laws in the Philippines that prohibit them from doing so.

The ticket has information on when you should redeem your loan. If you fail to do this, the pawnshop has some months to keep the item as leeway for your defaulting. If you still do not pay it, they are now legally entitled to sell your item and pawn it.

Take note that the money you get from the loan is not the exact loan amount because they will deduct the interest from it.

Some websites in the Philippines would have you believe that the company offers a personal loan but it is not true. The Palawan pawnshop cash loan is a personal loan. There is no such thing as Palawan Express personal loan because it is not a banking institution.

If you see websites that tell you to apply for a Palawan cash loan, beware. They will get your data and send that to another loaning company, probably an online loan company. It is not, however, Palawan.

Pawnshop Loan vs. Online Loan

One of the good things that pawnshop loans offer is quick cash, for example Palawan express loan. You can immediately get the money after agreeing with the appraised value of the item. Further documentation is not required – just the valuable piece as collateral and the signed pawn ticket. However, this process is often subjective as the appraisal can be less than the estimated market value. And to redeem the item, you need to repay the loan amount with interest.

On the other hand, online loans are way easier and more convenient. It may not be as quick as pawnshop loans, but online loans are safer and regulated. In fact, online loans are financial services offered by verified SEC licensed companies.

You can apply for loans in the comfort of your home. Additionally, the loanable amount is fair among everyone. The interest rate is reasonable, plus there is no need for collateral. You don’t need to present an item with high value only to get a low appraisal.

Online Loan in Digido

When it comes to online loans, Digido has the best offers. You can loan as much as P25,000 with only a 1.5% daily interest rate. There are short-term and installment loans, in which the first-time borrowers can get a maximum of P10,000 payable in 5-15 days.

All operations are performed online - you don't have to leave your house
In only 4 minutes you can receive up to 10,000 pesos in your bank account, and up to 25,000 pesos for repeat borrowers.
We don't require guarantors representation, documentation, or guarantee deposits.
We only require 1 government valid ID

The process of availing loan is easier than that of any pawnshop loan. You don’t need to wait in line and leave your valuable possession. You just need to enter the necessary details in the application form and choose how you want to receive the money. Additionally, there are a lot of ways on how you can repay your loan. With the innovation we’re having right now, you don’t need to go to any physical branches or offices to pay your debt.


For companies that offer financial services, trust is a vital instrument that bonds the institution and the public together. Most people nowadays prefer online loans over pawnshops due to various reasons. It might be because the person has no pawnable item with high value or probably due to convenience. Nonetheless, deciding what kind of method you will choose still depends on your needs and financial capacity. Borrow when needed, monitor your finances, and use the innovation to your advantage.

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  • Rikki
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Written by: Digido Financial Writers Team

Author pages:
Digido Financial Writers Team is a team of experts in the field of finance and credit, specializing in writing articles for Digido blogs.

Reviewed by: Mark Anthony

Author pages:
Mark Anthony is, the Finance and Accounting Manager. of Digido Finance Corp., monitoring and controlling the flow of cash that comes in and out of the company to meet the company’s business needs, preparing the financial reports and analysis of income and expenses, and monitoring tax compliance.